A gold engagement ring is two prices rolled into one: the price of the gold and the price of the stone. And at resale, the surprise is often a big one: it's the gold, far more than the stone or the brand, that determines what the ring is really worth. Understanding this distinction changes everything, whether you want to buy one or sell one.
| Karat | Purity | Price per gram (spot, USD) | Jayma Or buy-back price |
|---|---|---|---|
| … | |||
Looking for the price of a women's gold engagement ring in Dakar? The "gold" portion of that price can be calculated down to the gram — and it's that portion that makes up the buyback value.
At Jayma Or, we buy and buy back gold and jewelry in Dakar every day. We test, we weigh in front of you, and we pay cash, the same day, at the world market rate. Here, with full transparency, is what makes up the price of an engagement ring — and what it can earn you.
In this article, you'll discover:
- the elements that make up the price of a gold engagement ring;
- why the stone is expensive to buy but counts for little at resale;
- the difference between the store purchase price and the buyback value;
- how to estimate the value of your ring today.
What makes up the price of a gold engagement ring
The price displayed at a jeweler's adds up several things:
- The gold. Its value depends on the karat (18K = 75% gold, 21K = 87.5%, 24K = 99.9%) and the weight of the setting.
- The stone. A diamond or a precious stone can represent a large share of the purchase price — depending on its quality (cut, clarity, color, carat of the stone).
- The craftsmanship and the brand. The jewelry work and the signature add to the price you pay.
For the "gold" portion, the calculation is: weight of gold × purity × the day's price per gram. Check the day's rate displayed on our home page, and our benchmark on the price per gram of 18-karat gold.
Why the stone counts for little at resale
Here's what many people don't realize: at resale, a stone rarely sells for its purchase price. Except for a certified diamond of good size, most stones lose a large share of their value the moment they leave the jewelry store. Gold, on the other hand, keeps a clear value based on the world market rate.
The result: to estimate what your engagement ring is worth today, we look first at the gold it contains. The stone is evaluated separately, and only if it has real market value.
Store purchase price ≠ buyback value
This is the classic mistake: thinking that a ring bought at a high price will resell for the same amount. In reality, the purchase price includes the stone, the craftsmanship, the brand, and the margin; the buyback value, on the other hand, rests mainly on the gold actually present.
For an 18-karat gold setting, our guide on how much an 18-karat gold ring is worth in Dakar breaks down the calculation, step by step.
Looking to sell a gold engagement ring?
Inheritance, separation, a ring sitting in a drawer, or a need for cash: we buy back your gold engagement ring, with full discretion and no judgment. (Jayma Or is a gold buyer: we buy back your jewelry, we don't sell collections.)
- Test and weighing in front of you, the price clearly explained.
- Separate evaluation of the stone if it has market value.
- Cash payment, the same day.
- Courier to your home or office, in full confidentiality, if needed.
To go further: how much your gold jewelry is worth and how to sell your jewelry in Dakar.
Frequently Asked Questions
What is the price of a gold engagement ring in Dakar?
It varies according to the gold (karat and weight), the stone, and the craftsmanship. The "gold" portion is calculated down to the gram; the stone depends on its quality. A precise estimate requires a test and a weighing.
Does an engagement ring resell for its purchase price?
Rarely. The stone and the craftsmanship lose a large share of their value at resale. It's mainly the gold contained that sets the buyback value, based on the day's rate.
Do you buy back gold engagement rings?
Yes, with full discretion. We buy back engagement rings and wedding bands in gold, as well as all your gold jewelry. The stone is evaluated separately if it has market value.
How can I estimate the value of my ring before coming in?
Identify the karat (hallmark 750/875/999), weigh the ring, then multiply the weight by the purity and by the day's price per gram. Send us a photo via WhatsApp for a first estimate.
Take action: get your ring appraised for free
You now know what makes up the price of a gold engagement ring — and that its true value comes above all from the gold it contains.
Get a free, confidential estimate: send a photo of your ring via WhatsApp to +221 78 111 66 87, or book an appointment. Test, weighing, and cash payment the same day — with a courier available if you'd rather not travel.