re: Best way to go about selling an engagement ring?

quote:

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See if you can work out a trade for a nice Rolex, which would be easier to sell if you choose.

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Definitely this. If you want to maximize the return, go to the original jeweler and trade it in for something like a really nice watch. The jeweler will give you more credit than a cash sale, and then you can sell a Rolex for closer to the value.

Example:

Ring cost $10,000
You might get $4000 for it.
Rolex costs $8000, Jeweler does even trade
You can get $7000 for the watch easy.