Can you 'trade-in' a diamond engagement ring?

Question

I am looking to buy a diamond engement ring for my fiancee but currently can only afford a relatively cheap ring. I want to know if I could trade-in a ring at a future date for a more expensive ring when our finances allow.

Answer 1

Grow Your Own Diamond would probably be the best place for you. To quote from their website, their service:

"allows engaged couples the opportunity to buy a diamond ring and subsequently trade up to a more valuable jewel, as their finances allow, in the knowledge that they will be refunded the original purchase price in full."

So, whilst you might not be able to afford a custom cut flawless solitaire or ilanga diamond from De Beers now, in ten or twenty years time, you might be able to, and from trading up over time to build to value, you'll one day be able to get that perfect stone.

Hope this helps

Answer 2

Yes, you can always trade up to a better ring. Over the years my wife and i have done this for eachother. When we first met we could only afford a very small .20 carat diamond. She's now into a 1.75 carat diamond wedding ring.

It's often the best way to go when starting out a new life together, as you can use that cash for other things. As finances improve you just pop into the jewelry store and do a trade up.

Congratulations and good luck

Answer 3

Tough spot. Here are some ideas. Sell it via the internet or some other medium. (You will not get top dollar - lucky to get half). Go to a jeweler (not a chain but a locally owned and talk to the owner) They will let you trade in the diamond on another ring (also you won't get full price for the trade and may pay full cost of new ring). It can be reset into another ring or pendent. Keep it and give it to one of your children of the first marriage (if there is one) or keep it and hope for the best down the road.

Answer 4

Actually if you haven't already, you can buy her a promise ring. It's s normal ring doesn't have to be diamonds or anything just really pretty for her. But best of all it's not expensive. So you won't have to trade it in. Then after you can buy her the real thing.

Answer 5

You can do that, but there is little reason to do so. It does not matter how much your ring cost, it is the sentiment and gesture behind it that matters. My ring is set with fire opals (I don't like diamonds) and was less than £100, but the cost of it is totally irrelevant, the proposal was priceless, and I will never trade in my ring for a diamond, or anything more expensive.

Answer 6

I wouldn't want to give up the ring my fiance proposed with and would have been just as excited no matter how much the ring cost. What was important to me was that it was the ring that HE picked for ME and that made it very special. When your finances are better, instead of replacing the engagement ring, you could purchase an eternity ring and give it to her on your anniversary after the wedding or on another special occasion. Hope this helps!

Answer 7

Some people buy the ring and continue to upgrade the diamond over the years.

Answer 8

You sure can...... at least with the known retailer jewelers, like helzberg diamond for example...... your purchase price has to be at least double the amount of the trade you purchased from there and they will deduct the worth of the trade in from the price. i.e. you purchase a ring for $1000 and then wanna upgrade later to one for say $ 2400 they will deduct $1000 from the purchase leaving you to owe $ 1400. Not all jewelers have the same program, but most due have ones that are similar.

Answer 9

Instead of trading in youcould buy an anniversary ring. Like say at the 5 or 10 year.

Answer 10

I would say buy what you can afford now. It's the meaning behind it and not the size of the rock. Save up some money and make her wedding band bigger. If you go to a good jeweler they'll usually let you upgrade if that's the route you want to go.