Best way to trade in jewelry without losing money?

Question

I have two expensive pieces of jewelry that I no longer want. Now, I want different jewelry, but I don't want to spend much more money.

Selling the jewelry is not an option because I'll never get even close to retail or appraised value.

Who/where/how is the best way to take what I have and turn it into something else? Can you trade in without trading up?

Not the best category for this, but I couldn't think of where to put it.

I should add the jewelry is platnium and diamond and in the 15K retail value neighborhood. I can't just sell it, I'd be lucky to get 1/3 of what I paid. I don't want any of the existing stones or settings, none at all, I would like new.

A lot of places will trade, but want you to spend $2 for every $1 of retail, and I do not want anything more expensive...more like an equal trade or a small loss.

Answer 1

Different people like different settings and a professional jeweler does just as many of a simplier style as they do a more elaborate style.

However, you will still not get the appraised value. You will trade in it for the value gold is trading at. And you will have to pay the jeweler for their time.

It is rather expensive but a lot cheaper than buying it and better than having a really expensive paperweight that you never wear.

The cost all depends on how much work the jeweler has to do. If you pick a setting and all they are doing is removing the gemstone and putting into a new setting--that is relatively inexpensive. But if you want them to melt the gold and completely scupt it into a hand crafted piece, its their time and skill that costs so much--not the price of gold.

Answer 2

I would go to a jewelry maker/designer. They can take existing gems and put them in new settings. They can also melt down the existing setting to mold into a different (new) setting for you. This will be a minimal amount of money to change. I would just make sure you have some sort of new design in mind so that they can quote you the correct price ahead of time.

Answer 3

2 options, put them on Ebay- OR ask around at different jeweler shops and see what they would offer you for trade in- I pawned my engagement ring which I wouldnt get much more for it, so I traded it in because my husband needed a new wedding band (he does construction so after 14 yrs of wear and tear he needed one badly) I got less than what the ring was worth but traded it in and within 2 months of a few payments on it, I took it home and surprised him with his new wedding band. So you will not get what your jewelry is worth but you can surely trade it in and use that money as a down payment on the new stuff and just make payments- only took me a month, I went and paid each week until I could take the ring home.

Answer 4

nutrients, lease, belongings taxes (in the event that they nevertheless had a house) and scientific expenses. the full area of a melancholy is that no person has money to speculate and few have money to pay their maximum undemanding expenses. merely as a clue, the subsequent time which you notice "The Waltons" on your television itemizing, watch it. it somewhat is a kinfolk drama that had an prolonged television existence, set between 1935(?) and 1947. the faster years will very much help your practise.