How do I go about selling my engagement ring? I want to make sure I sell it for what its worth.?

Question

It's a three stone ring, white gold, very big. I just don't want to take it to a pawn shop and end up with a grand when this ring is worth a car...Please help me. Going through a divorce and have no cash.

It's a three stone ring, white gold, very big. I just don't want to take it to a pawn shop and end up with a grand when this ring is worth a car...Please help me. Going through a divorce and have no cash.
Should I take it to a big chain jewlery store?

lol I'm not engaged. There's no giving it back. I've been married or 3 years. So perhaps I should say my wedding/engagement ring.

I know the ring is worth more than 18,000...

Answer 1

You won't get the full value, but your best bet is to have a written appraisal handy to show potential buyers. Your buyer will be a man deeply in love who wants to get the best possible ring he can afford for his girl.

Answer 2

That's hard to do. People don't want to pay full price for a "used" ring. If they want to pay full price, they will buy a new one. the best way to get the most money out of it is to advertise in the paper, or better yet, take several GOOD pictures of it and sell it in an on-line auction like EBay. If you have paperwork or certifications on the diamonds that state the cut, color and clarity, this will help a lot. If you don't, it will even be difficult to get a good price these ways.

If you don't have certs for the diamonds, take the ring to a jeweler who is qualified to appraise and grade the ring. You can use this information to advertise and answer people questions. having this in writing will give the buyer more confidence and help it bring a higher price. If you choose to sell it through your local paper, be aware that the potential buyers will want to see the ring, and this will put you at risk of being robbed. I would opt for EBay. But you will need to be sure to include very good pics and be very descriptive to get the best price out of it.

Also, don't be greedy. If it really is worth 18k, you should probably expect no more than 10k out of it.

Good luck.

Answer 3

Best thing to do first, is go to a reputable jeweller and get the ring appraised. Don't ask them to buy it or you know you will not get the full value of it, since they are going to want to make a profit themselves. If you have the actual "papers" on the ring declaring it's worth at the time of purchase, that would be helpful. Next thing I would do would be put an ad in your local paper... . or better still, see if you can get an ad in a sales catalogue that deals specifically with bringing together sellers and buyers of fine jewellery. I know there are publications that do this, and once again, a reputable jeweller near you would probably know and recommend. Some good jewellers even have lists of their own, of clients who want to be advised of any good jewellery being privately offered. I would definitely go this route, because it's pretty "iffy" to deal through eBay when the item for sale is small and pricey.

Answer 4

Good luck with that! You won't ever get what you think it is worth. From my experience, jewelry doesn't sell very well on e-bay, especially not engagement rings. I guess people think a used engagement ring has bad luck attached to it. You could give it a shot though.

Take it to a jewelry store and get an appraisal. Ask them if they have any ideas what you could do with it. There are jewelry stores that will buy jewelry, for the diamonds and gold, but you still won't be able to get what you want for it.

My questions is, did you originally buy it, or did your ex? If he bought it, then whatever you get for it will be money in your pocket, right?

Good luck to you?

Answer 5

You could try to eBay it, go to a jeweler and have it appraised . . . you possibly could have it put on consignment at a real jeweler.

I'd talk to a local jeweler (an actual one, not a mall jeweler -- look for one who has a degree and certifications) and see what s/he would recommend you do. Also, s/he can appraise it and certify the appraisal (something you can take with you).

You're very likely not going to sell it for what it's worth. However, you might be able to use it as collateral. Also, talk to your divorce attorney about making sure you have financial stability during the divorce -- if he could afford this ring, your soon-to-be-ex should be capable of taking care of you during the divorce and your attorney may be able to get you access to the community property.

If you aren't panicked to get rid of the ring, you very likely can get what it's worth, or much closer to it. People will always look for the quick deal over caring about your loss.

Answer 6

You could take it to a jewelry store that buys jewelry. Also put it in the paper, but that could take months to sell. I had to end up selling mine for just a little bit more than the pawn shop would give me to a friend. I was never married though, we just didn't go through with the wedding. I am married now to a way better man. God bless!

Answer 7

Ebay? Whichever way you choose you will probably not get the appraised value. While it sounds nice that you have a ring valued at 18k, reality is no one will want to pay that amount for a "used" ring. If I am going to make an 18k investment I would go directly to a licensed jeweler to guarantee authenticity. As a jeweler they will want to buy low to sell it at a the appraised price. Either keep it or be prepared to take a slight loss.

Answer 8

When I wanted to sell my first engagement ring; I sold it through the newspaper. It went very fast. But I would go to a jewellers and get it appraised first; then you'll know what to ask for it. Don't let people talk you down; once you know what it's worth. Also you could go to a buy/sell store. They're usually ok too!

Good Luck!

Answer 9

go t oa few jewlery stores and have it appraised. then call around or stop buy some local jewlers who do not have large names, they usually will rings like that and will give you a better price than a pawn shop. pawn shops only give you about 10-25% of the value.

Answer 10

You are about to learn a lesson the the shady jewlery business.

Appraised value or what you paid is a crock since you were ripped off when you bought it.

Now when you try to enter the market you will not find people willing to also be duped. No professional merchant will give you anywhere near what you paid. The only way to recoup what you paid or near that amount id to dupe someone else.