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re: How much does an OT baller spend on an engagement ring
Posted on 3/30/15 at 8:54 am to sasquatch69
Posted on 3/30/15 at 8:54 am to sasquatch69
Depends on the person. When I bought my fiances I shopped around a good bit and went with a wholesaler. In my opinion the engagement ring is a representation of me so I spent what I thought was appropriate in that situation. But I think everyone should spend what they think is appropriate without putting themselves in a hole. Also, negotiate the frick out of the price...My fiances ring appraised by a jeweler and not for insurance purposes was 25k. Ins appraisal was 30k. I paid much less for it and could probably sell it for more than I paid for it assuming you only get 50% of appraised value.
2
Posted on 3/30/15 at 8:58 am to sasquatch69
the one i bought got appraised for $21,500. However...that is NOT how much i paid for it.
Posted on 3/30/15 at 8:58 am to sasquatch69
I spent $2k of student loan money.
Wife loves it as far as I know, and that's far enough
Wife loves it as far as I know, and that's far enough
Posted on 3/30/15 at 8:58 am to sasquatch69
Layaway at Kmart
20 dollars week
Paid off in 2 months I will let you do the math
20 dollars week
Paid off in 2 months I will let you do the math
Posted on 3/30/15 at 8:59 am to carlsoda
quote:
assuming you only get 50% of appraised value.
why would you only get 50%? is that typical?
Posted on 3/30/15 at 8:59 am to DeionDeion
i paid 2k
Posted on 3/30/15 at 9:01 am to Choctaw
quote:
why would you only get 50%? is that typical?
because the "appraisals" are absolute bullshite
no one ever pays close to appraised value of their ring
Posted on 3/30/15 at 9:04 am to Salmon
quote:
no one ever pays close to appraised value of their ring
i know that. 50% just seems a little low to me.
Posted on 3/30/15 at 9:05 am to carlsoda
quote:
I paid much less for it and could probably sell it for more than I paid for it assuming you only get 50% of appraised value.
You'd likely be the first. 
Posted on 3/30/15 at 9:05 am to Choctaw
quote:
why would you only get 50%? is that typical
From what I have read yes. I think bc most people only sell jewelry if they are hard up for cash. And that shite is always on some big SALE. Plus it sits on the shelf longer than other goods I assume so there is a cost to carry it in inventory. I only know what I have read though bc I have never tried to sell jewelry before.
I know my buddy tried to take his rolex back to a store and they offered him half what he paid and they would have turned around and sold it for double the offer.
Posted on 3/30/15 at 9:05 am to Choctaw
quote:
50% just seems a little low to me.
did you pay more than >50% of your "appraised" value?
Posted on 3/30/15 at 9:05 am to GEAUXT
I spent 5K
Posted on 3/30/15 at 9:06 am to rantfan
quote:
Yeah I made that shite up
We know.
Posted on 3/30/15 at 9:09 am to Salmon
quote:
because the "appraisals" are absolute bullshite
Yes and no. Obviously everything has a value if someone is willing to pay. You can't ge ta 2 carat stone for the same price as a 1 carat stone. I do agree that ins appraisals are bullshite though.
quote:
no one ever pays close to appraised value of their ring
You would be surprised by the amount of people that do. Just because they don't know any better.
ETA: In the end it only matters if the buyer and the fiance walk away happy. Mine was already mad I spent what I did but had I spent more she would have hit the roof. On the other hand she loves when people appreciate the ring. So do I so it's a win win
This post was edited on 3/30/15 at 9:11 am
Posted on 3/30/15 at 9:19 am to Salmon
quote:
did you pay more than >50% of your "appraised" value?
no. but my mother-in-law let me use her vendors license and i got my diamond at a dealers-only show.
Posted on 3/30/15 at 10:22 am to Choctaw
I spent $11k at Blue Nile and they were nice enough to provide an appraisal. It's worth $15k, not sure why didn't just sell it for that
This post was edited on 3/30/15 at 10:25 am
Posted on 3/30/15 at 10:38 am to Paedin
quote:
3x monthly pay
If my wife wants a 25k ring she better go steal it
I know a guy...got a 3k ring for half price....but I don't think I would have spent that much on a ring if I wasn't getting the deal
do research on De Beers....diamonds are pretty much worthless.
Posted on 3/30/15 at 10:56 am to rocket31
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