re: who is paying attention to womens diamond wedding rings

quote:

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he only got about 1/2 what he paid for it from the same place he bought the thing

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Nope. I know something of this. You are lucky to get 30% value and 20% is more likely. First, the ring as jewelry isn't what they are buying. They strip out the stones and melt the ring. So it is valued at its spot metal price. Then they buy the stones from you at BELOW wholesale because they are going to turn around and sell the stones to a retailer at wholesale. There is a TON of mark up on diamond jewelry. Buddy is currently trying to sell a $25,000 appraised ring with a 1.8 carat center stone and some smaller stones. The best offer he has gotten, due to the market being down with COVID issues, is $4500.