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re: Best way to go about selling an engagement ring?
Posted on 4/23/19 at 12:06 pm to BamaMan45
Posted on 4/23/19 at 12:06 pm to BamaMan45
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 on 4/23/19 at 12:11 pm to Disgeaux Bob
quote:
My stone was GIA and pretty good quality and got 50 cents on the dollar.
I don't feel like that is that bad honestly. If you add a profit margin and risk for buying a used piece of jewelry with lower resale value, that's better than I'd expect most to get. Now maybe they won't advertise it as "used", but I'd be surprised if they could expect to get 80% of what they would for a similar new ring.
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