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re: Best way to go about selling an engagement ring?
Posted on 4/23/19 at 12:11 pm to Disgeaux Bob
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.
Posted on 4/23/19 at 2:03 pm to baldona
quote:
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.
Diamonds have an identification number etched into them… Typically on the edges and only visible by microscope. This enables their credentials to be verified and sales history to be tracked. If they knew it, most women would not want a secondhand diamond. There is some bad karma that goes with purchasing a diamond that didn’t work out for someone else. It wouldn’t bother me but there are those that would rather have something brand new. The jewelry store will use this against you in your negotiation process.
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