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sp_115 | Best way to sell a slightly-worn diamond engagement ring? |
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!! :)
Additional Details
NOT EBAY! OTHER THAN EBAY PLEASE. THANKS. |
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dcgirl
 |
"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. |
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Linda
 |
try ebay |
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richman
|
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. |
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fathead
 |
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. |
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G. M.
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Yahoo auction with copy of appraisal, weight, and all other necessary value, to define "value"
or
pawn it |
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veggiegrrrl
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ebay |
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