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A ring's value is a combination of the metal band and the diamond, plus, of course, any sympathetic attachments. Metal Band: # Weigh the metal band on a proper jeweler's scale. (If you don't have access to a jeweler's scale, make sure to convert the weight to Troy ounces, roughly 1.1 times the usual ounce.) # Check the price for 24-karat gold. Try a site such as Monex (see links below). # Multiply the weight times the price. This is the dollar value of the 24-karat gold in the ring. Diamond # Dig up the diamond's certificate; or send the ring for laboratory testing (approximately $100 for a 1-carat diamond); or take the ring to an appraiser. # The appraiser should give you the retail value of the diamond. # If you have the diamond's certificate, you can plug its attributes into a diamond search engine, such as Diamond Price Guru (see links below), to see how much the same diamond would cost at a dozen reputable online dealers. Add the values of the metal band and the diamond together, and you have a reasonable quantification of the ring's total value. Sentimental value is also important for many owners. But if you are considering selling a ring, remember the person buying it doesn't attach the same sentimental value to it.

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Q: How much is a 24 karat diamond ring worth?
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