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Best way to go about selling an engagement ring?

Posted on 4/23/19 at 11:43 am
Posted by BamaMan45
Louisiana
Member since Dec 2006
1691 posts
Posted on 4/23/19 at 11:43 am
I figured I'd come here rather than the OT...my hope is the number of condescending posts will be cut in half

I wanted sell my ex's engagement ring and wedding band but I've seen a ton of different opinions on how to do it to maximize my returns. We broke things off a little over 2.5 years ago and I put the ring in my safe and hadn't thought much about what to do with them since until now.

I have a few home improvement projects I'd like to get done and with my savings and investments lined outta where I like them, I figured I should go ahead and sell the ring and band and see what I can get for them.

I'm fully aware I won't get back what I paid for it all (which is a big kick in the nuts, but divorce would've been a bigger financial pitfall so I'm ok with that). Does anyone have experience selling a ring or any suggestions on what I might do to get as much back as I can.

And no, no pics of the ex but maybe this chick will suffice:
Posted by cgrand
HAMMOND
Member since Oct 2009
39147 posts
Posted on 4/23/19 at 11:52 am to
if it were me i'd put it on consignment with a jeweler...unless you really want to deal with the deal-shopping genpop
Posted by Disgeaux Bob
North Carolina
Member since Sep 2016
2833 posts
Posted on 4/23/19 at 12:06 pm to
I went through a similar experience 5 years ago. Your best bet is to hit the streets. I visited nearly 10 stores one weekend. Received offers from half of them...of course they all low ball. My stone was GIA and pretty good quality and got 50 cents on the dollar.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 4/23/19 at 12:45 pm to
insure it......then lose it.
Posted by Finch
Member since Jun 2015
3221 posts
Posted on 4/23/19 at 1:04 pm to
check Out

Www.idonowidont.com

Pretty good resale site
This post was edited on 4/23/19 at 1:06 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37241 posts
Posted on 4/23/19 at 1:48 pm to
Start with the jeweler you bought it from, bring it around to different shops, get them to make you an offer.

By the way, not only will I not make a condescending post, but I will congratulate you on not acting emotional in the moment, and instead, allowing time to pass before selling it.
Posted by Chad504boy
4 posts
Member since Feb 2005
167018 posts
Posted on 4/23/19 at 1:52 pm to
Keep and trade it in on your next engagement. Jewelers usually accept prior purchases from their store and put towards new purchase.
Posted by brass2mouth
NOLA
Member since Jul 2007
19750 posts
Posted on 4/23/19 at 3:32 pm to
See if you can work out a trade for a nice Rolex, which would be easier to sell if you choose.
Posted by wickowick
Head of Island
Member since Dec 2006
45842 posts
Posted on 4/23/19 at 6:32 pm to
So if you purchase a graded GIA diamond and have the certificate for that diamond then you are much better off than any other graded diamond.
Posted by indytiger
baton rouge/indy
Member since Oct 2004
9873 posts
Posted on 4/23/19 at 8:20 pm to
How much you want for it and what’s your location?
Posted by thatguy
Member since Aug 2006
6899 posts
Posted on 4/24/19 at 4:16 pm to
Haven’t read entire thread, but a couple of things:

Another site that deals in these sorts of transactions is worthy.com. Not sure if that is something you’d be willing to deal with or not, but it’s may want to check it out.

Also, if there are plans for marriage in the future, why not see about keeping the diamond and just selling the bands? You could always re-set the diamond in a new band at a later time.
This post was edited on 4/24/19 at 8:44 pm
Posted by tigers1988
lafayette
Member since Aug 2008
236 posts
Posted on 4/24/19 at 11:06 pm to
Mondiamo.com very easy process
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