best way to sell a slightly-worn diamond engagement ring?

Question

2 friends each have engagement rings appraised at $4,500+. the original jewelers are offering like $400. wtf. anyway, i know about ebay and craigslist and newspaper ads - but are there any other options available? they want to get more return from the original purchase price. say, $1k. thanks!! :)

NOT EBAY! OTHER THAN EBAY PLEASE. THANKS.

Answer 1

"Fathead" is correct. You rarely get what you pay for when you buy diamond jewelry and you get a pittance for resale value when trying to sell to a jewelry store. Your best bet will be to try and find someone who is actually in the market for an engagement ring.

Try your local second-hand stores, especially if the rings have unique settings or are particularly elegant, interesting, etc. Some second-hand stores and vintage shops will let you sell on consignment, meaning they put the item in their shop and treat it like it was their own property but when they sell it, they keep a percentage and turn the rest over to you.

Also try putting ads in the local bridal magazines, or if there is a bridal show coming up (they're always going on this time of year) see if any of the jewelry merchants who will be attending will sell the item on consignment for you. Or check with the local bridal shops to see if they'll let you post a for-sale sign in their window or near their cash register.

Answer 2

Diamonds have very low intrinsic value compared to the price they are normally sold and appraised at. If you have a chance, take a look at the book, "The Diamond People" by Murray Schumach. In this book the whole "diamond scam" is revealed.

So the value is probably closer to $400 (with a good deal of the value in the gold.) Like the "earn money stuffing envelope" scams, you may be able to sell it in one of the venues you mentioned to some other unsuspecting person. On the bright side, gold has gone up recently so they might be able to get a few more $ than previously estimated if they sell soon.

Answer 3

thanks to flow for asking those questions! one of those number of human beings in simple terms get brainwashed into buying a "intense grade" in simple terms because. So that is the answer on your question that no man or woman needs you to understand: No! you won't be able to tell the version between 2 grades in a large number of situations inclusive of your bare eye. This grading stuff will grow to be significant once you're buying a stone as an funding. that's a shown truth that even educated gemologists won't be able to tell the version between 3 colour grades of a diamond as quickly because this is been set. the position your eye will word something is in the flicker. Sparkle is laid low with the diamond's decrease and readability. an proper decrease, IF diamond will shoot out rainbows and sparkle more desirable than a great decrease VS diamond. yet both nevertheless sparkle. i imagine a center grade to intense center grade delivers you your surprising bang on your dollar. examine the webpages lower than. there is much on diamonds and a cool one on engagement earrings too.

Answer 4

If they are nice rings, you could sell them on consignment. This means you deposit them with a vendor who has an established store, and you get a receipt. The vendor displays them in the store, and if they sell, he or she sends you a check for your share of the proceeds. However, they must be good stuff. If they "appraise" for $4,500, it means little. How much did they actually pay for the rings? Send me an email.

Answer 5

Yahoo auction with copy of appraisal, weight, and all other necessary value, to define "value"
or
pawn it

Answer 6

ebay

Answer 7

try ebay