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 » RockyTalky
»  » Broken engagement - now what?
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| Pages: 1 of 2: [1] 2 > |
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Broken engagement - now what? |
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| P: 11/29/2008 12:36:22 PM | |
Albert Rough Rock Total Posts: 5 Last Post: 2/8/2009 Member Since: 11/29/2008 |
Hi, A few months ago my ex and I decided to break off our engagement (very difficult process, but for the best). I am left with a Legacy ring I purchased for her at Tiffany's for approx $8.2k. Since these forums were very helpful in purchase process, I'm hoping I can use it once again for the opposite purpose. Can anyone provide advice on how I can go about selling the ring (ideally in Boston) and recouping all or part of what I paid? Thanks in advance! Al |
| Posted: 11/29/2008 12:36:22 PM | |
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There are 38 replies to this message. There are 30 replies on this page. |
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| P: 11/29/2008 12:38:30 PM | |
neatfreak Ideal Rock Total Posts: 13,477 Last Post: 11/24/2009 Member Since: 2/17/2007 |
You'll never recoup all, or nearly all. The nice thing about the legacy is that it is in demand, so it'll be easier to sell and you won't lose AS much. You can do private things like ebay or craigslist, or you could also consign or sell to a place like Signed Pieces or Pearlman's Jewelers. That is where I would start personally. Tiffany's also does have a broken engagement policy of some sort, but I believe it's 6 months? But unfortunately be prepared to take a hit...so sorry to hear about your engagement. 
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| Posted: 11/29/2008 12:38:30 PM | |
| P: 11/29/2008 1:01:51 PM | |
Moh 10 Ideal Rock Total Posts: 1,004 Last Post: 8/18/2009 Member Since: 10/25/2008 |
Sorry to hear about this. I'm also sorry to tell you you will not get anything near what you paid. Next, whatever you do do NOT save it for your next engagement!!!!!! Men may think this is a practical thing to do, once they learn how much money they lose by selling it. Women see it a little differently, and be so angry that they "Go Titanic" with the ring!  PLOP
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| Posted: 11/29/2008 1:01:51 PM | |
| P: 11/29/2008 1:09:18 PM | |
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Albert Rough Rock Total Posts: 5 Last Post: 2/8/2009 Member Since: 11/29/2008 |
Thanks for the response although I'm dissapointed to hear I that I might have to take a big hit. Given that the same ring (1 year later) is selling for about $9k (10% more than what I bought it for), I figured I might be able to come close to breaking even. I'd be ok with losing 10-20% because I'm hoping for this not to be a long and involved process - hard enough as it is. Are you're comments based on experience or anecdotal evidence? Also, is craigslist really a viable alternative? Not sure if someone would really buy something of its value through the website. Thanks agian.
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| Posted: 11/29/2008 1:09:18 PM | |
| P: 11/29/2008 1:27:03 PM | |
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neatfreak Ideal Rock Total Posts: 13,477 Last Post: 11/24/2009 Member Since: 2/17/2007 |
Date: 11/29/2008 1:09:18 PM Author: Albert Thanks for the response although I'm dissapointed to hear I that I might have to take a big hit. Given that the same ring (1 year later) is selling for about $9k (10% more than what I bought it for), I figured I might be able to come close to breaking even. I'd be ok with losing 10-20% because I'm hoping for this not to be a long and involved process - hard enough as it is. Are you're comments based on experience or anecdotal evidence? Also, is craigslist really a viable alternative? Not sure if someone would really buy something of its value through the website. Thanks agian. Somewhat personal experience and somewhat anecdotal. If you just look at what branded rings are going for on ebay, craigslist, signed pieces, etc. it's often about half of what retail is...
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| Posted: 11/29/2008 1:27:03 PM | |
| P: 11/29/2008 1:27:05 PM | |
John Pollard Ideal Rock Total Posts: 1,552 Last Post: 11/24/2009 Member Since: 5/1/2008 |
Albert, so sorry to hear things did not work out. The first thing to do is approach Tiffany & Co. Go to the store and the salesperson from whom you made the purchase. You already have a relationship with them. My understanding is that they have provisions depending on timeframe, etc. - no different than a number of top sellers. The location you purchased from is best positioned to work with you to determine what may be done. Outside of that, the advice you have received is good. SP and Pearlman's are a good recourse and see a lot of educated traffic. I am also regularly shocked at what moves on my local Craigslist - though I am in Dallas and we are a bit crazy here. Date: 11/29/2008 1:01:51 PM Author: Moh 10 Women see it a little differently, and be so angry that they 'Go Titanic' with the ring! PLOPNice visual - and I will vouch for that sentiment. John |
| Posted: 11/29/2008 1:27:05 PM | |
| P: 11/29/2008 1:31:04 PM | |
cara Ideal Rock Total Posts: 1,479 Last Post: 11/18/2009 Member Since: 3/21/2006 |
The Tiffany's name means you will be in a much better position than other guys with no-name rings, but still. Would you really buy a Tiffany's ring from some guy with no storefront for only 20% less than retail? As Neatfreak said, check out the Signed Pieces website. They have a number of second-hand Tiffany's pieces so you can get an idea for what the sell for from a reputable company with a storefront. And Pearlman's jewelers will consign pieces as well. Those two have a very good rep on the boards. I personally would not sell jewelry on craigslist - I don't feel comfortable doing it but you might. And people do buy jewelry on ebay, but obviously the risk of fraud is a factor.
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| Posted: 11/29/2008 1:31:04 PM | |
| P: 11/29/2008 1:33:43 PM | |
Lorelei Ideal Rock Total Posts: 34,254 Last Post: 11/24/2009 Member Since: 4/30/2005 |
Date: 11/29/2008 1:27:05 PM Author: John Pollard Albert, so sorry to hear things did not work out. The first thing to do is approach Tiffany & Co. Go to the store and the salesperson from whom you made the purchase. You already have a relationship with them. My understanding is that they have provisions depending on timeframe, etc. - no different than a number of top sellers. The location you purchased from is best positioned to work with you to determine what may be done. Outside of that, the advice you have received is good. SP and Pearlman's are a good recourse and see a lot of educated traffic. I am also regularly shocked at what moves on my local Craigslist - though I am in Dallas and we are a bit crazy here. Date: 11/29/2008 1:01:51 PM Author: Moh 10 Women see it a little differently, and be so angry that they 'Go Titanic' with the ring! PLOPNice visual - and I will vouch for that sentiment. Albert I am so sorry also. Maybe you could consider consignment with a company like Pearlmans or SP as Sir John suggested? Also ditto the nice PLOP visual! 
 Nothing is more sacred as the bond between horse and rider...no other creature can ever become so emotionally close to a human as a horse. When a horse dies, the memory lives on because an enormous part of his owner's heart, soul, very existence dies also...but that can never be laid to rest, it is not meant to be... - Stephanie M Thorn |
| Posted: 11/29/2008 1:33:43 PM | |
| P: 11/29/2008 1:35:46 PM | |
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Moh 10 Ideal Rock Total Posts: 1,004 Last Post: 8/18/2009 Member Since: 10/25/2008 |
Thanks. I've been told I have a way with words. But come to think of it, maybe they just said I was wayward. 
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| Posted: 11/29/2008 1:35:46 PM | |
| P: 11/29/2008 1:36:43 PM | |
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Lorelei Ideal Rock Total Posts: 34,254 Last Post: 11/24/2009 Member Since: 4/30/2005 |
Date: 11/29/2008 1:35:46 PM Author: Moh 10 Thanks. I've been told I have a way with words. But come to think of it, maybe they just said I was wayward. LOL!!!! Nothing is more sacred as the bond between horse and rider...no other creature can ever become so emotionally close to a human as a horse. When a horse dies, the memory lives on because an enormous part of his owner's heart, soul, very existence dies also...but that can never be laid to rest, it is not meant to be... - Stephanie M Thorn |
| Posted: 11/29/2008 1:36:43 PM | |
| P: 11/29/2008 2:00:21 PM | |
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John Pollard Ideal Rock Total Posts: 1,552 Last Post: 11/24/2009 Member Since: 5/1/2008 |
Date: 11/29/2008 1:35:46 PM Author: Moh 10 But come to think of it, maybe they just said I was wayward. They said I was wayweird. John |
| Posted: 11/29/2008 2:00:21 PM | |
| P: 11/29/2008 2:03:05 PM | |
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Albert Rough Rock Total Posts: 5 Last Post: 2/8/2009 Member Since: 11/29/2008 |
All, Thank you for the information and advice! (I've received similar advice about women not being keen on the idea that their ring was purchased with funds from a returned ring - although I did not think it was 'going titanic' severe).
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| Posted: 11/29/2008 2:03:05 PM | |
| P: 11/29/2008 2:12:18 PM | |
swingirl Ideal Rock Total Posts: 3,294 Last Post: 11/25/2009 Member Since: 4/6/2006 |
Regarding Craigslist, you'd be surprised at the people who comb it regularly looking for something specific. It's just an alternative that doesn't cost anything. If someone knows what they are looking for, they usually know the value and are willing to pay cash. Of course, you have to take precautions just like with any sale. Sorry for your situation and I hope you are able to find a lucky buyer.
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| Posted: 11/29/2008 2:12:18 PM | |
| P: 11/29/2008 2:20:18 PM | |
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neatfreak Ideal Rock Total Posts: 13,477 Last Post: 11/24/2009 Member Since: 2/17/2007 |
Date: 11/29/2008 2:03:05 PM Author: Albert All, Thank you for the information and advice! (I've received similar advice about women not being keen on the idea that their ring was purchased with funds from a returned ring - although I did not think it was 'going titanic' severe). The funds aren't the issue...it's re-gifting the original ring that's the issue!
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| Posted: 11/29/2008 2:20:18 PM | |
| P: 11/29/2008 2:23:17 PM | |
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John Pollard Ideal Rock Total Posts: 1,552 Last Post: 11/24/2009 Member Since: 5/1/2008 |
I have a friend who manages a Tiffany & Co so I rang her up to get an indication of what you may expect Albert. For an in-store purchase the return period is typically 30 days, but they do have a broken engagement assistance program for up to six months as neatfreak reported. If you’re within that time frame they will evaluate the ring for wear (which involves sending it to NY) and provide you with a refund amount based on that evaluation. She implied they are very reasonable about this. Outside of six months there's no guarantee but she strongly urges you to contact your original store and salesperson, regardless.
John |
| Posted: 11/29/2008 2:23:17 PM | |
| P: 11/29/2008 3:10:30 PM | |
mrssalvo Ideal Rock Total Posts: 16,860 Last Post: 11/24/2009 Member Since: 1/3/2005 |
Date: 11/29/2008 2:23:17 PM Author: John Pollard I have a friend who manages a Tiffany & Co so I rang her up to get an indication of what you may expect Albert. For an in-store purchase the return period is typically 30 days, but they do have a broken engagement assistance program for up to six months as neatfreak reported. If you’re within that time frame they will evaluate the ring for wear (which involves sending it to NY) and provide you with a refund amount based on that evaluation. She implied they are very reasonable about this. Outside of six months there's no guarantee but she strongly urges you to contact your original store and salesperson, regardless. I would definitely try tiffany's first. You will do much better with a refund than selling it on consignment. SP's and Pearlmans are great for a back-up plan. Pearlmans now takes 25% of the sale price though and I'm not sure what SP's % is. good luck.. |
| Posted: 11/29/2008 3:10:30 PM | |
| P: 11/29/2008 3:20:38 PM | |
:) Ideal Rock Total Posts: 1,864 Last Post: 6/1/2009 Member Since: 7/25/2006 |
Go to Tiffany - I have a friend who was able to return a ring p/ a broken engagement for a restocking fee (I believe it was 10% of the original price he paid if I remember correctly - it was definitely no more than that) - this is much better than trying to sell it on your own... ETA: I read the rest of the thread responses after I posted - my friends were quite beyond 6 months and Tiffany was very accomodating and still took the ring back so at least go and talk to them.
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| Posted: 11/29/2008 3:20:38 PM | |
| P: 11/29/2008 3:23:35 PM | |
gwendolyn Ideal Rock Total Posts: 6,544 Last Post: 11/12/2009 Member Since: 8/4/2007 |
Date: 11/29/2008 2:23:17 PM Author: John Pollard I have a friend who manages a Tiffany & Co so I rang her up to get an indication of what you may expect Albert. For an in-store purchase the return period is typically 30 days, but they do have a broken engagement assistance program for up to six months as neatfreak reported. If you’re within that time frame they will evaluate the ring for wear (which involves sending it to NY) and provide you with a refund amount based on that evaluation. She implied they are very reasonable about this. Outside of six months there's no guarantee but she strongly urges you to contact your original store and salesperson, regardless. That was really nice of you, John. 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ |
| Posted: 11/29/2008 3:23:35 PM | |
| P: 11/29/2008 3:25:27 PM | |
Asscherhalo_lover Ideal Rock Total Posts: 572 Last Post: 11/20/2009 Member Since: 8/16/2007 |
I would keep it and trade it in towards another ring for the future...
mmmm...diamonds..... |
| Posted: 11/29/2008 3:25:27 PM | |
| P: 11/29/2008 4:09:31 PM | |
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Albert Rough Rock Total Posts: 5 Last Post: 2/8/2009 Member Since: 11/29/2008 |
John, Neat, Thank you very much for the information - actually a little less stressed about it after your messages. The engagement was broken off a few months ago but I hadn't been up for dealing with it then, which would have been the 6 month mark It's now been 10 months (kicking myself for delaying) but I did get to know the salesperson pretty well, so I will go to her next weekend when I'm back in Boston. Hope they are reasonable...will keep you posted. Albert
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| Posted: 11/29/2008 4:09:31 PM | |
| P: 11/29/2008 4:18:31 PM | |
bee* Ideal Rock Total Posts: 11,105 Last Post: 11/23/2009 Member Since: 5/14/2006 |
Sorry to hear about the broken engagement Albert. I hope that you get on ok in Tiffanys.
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| Posted: 11/29/2008 4:18:31 PM | |
| P: 11/29/2008 4:23:28 PM | |
Wink Ideal Rock Total Posts: 4,037 Last Post: 11/24/2009 Member Since: 5/4/2001 |
Date: 11/29/2008 1:09:18 PM Author: Albert Thanks for the response although I'm dissapointed to hear I that I might have to take a big hit. Given that the same ring (1 year later) is selling for about $9k (10% more than what I bought it for), I figured I might be able to come close to breaking even. I'd be ok with losing 10-20% because I'm hoping for this not to be a long and involved process - hard enough as it is. Are you're comments based on experience or anecdotal evidence? Also, is craigslist really a viable alternative? Not sure if someone would really buy something of its value through the website. Thanks agian. What did Tiffany's say, or did you contact them? Wink Wink Jones |
| Posted: 11/29/2008 4:23:28 PM | |
| P: 11/29/2008 4:25:53 PM | |
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Wink Ideal Rock Total Posts: 4,037 Last Post: 11/24/2009 Member Since: 5/4/2001 |
Date: 11/29/2008 2:00:21 PM Author: John Pollard Date: 11/29/2008 1:35:46 PM Author: Moh 10 But come to think of it, maybe they just said I was wayward. They said I was wayweird. After seeing your new avatar I am inclinded to agree! From one weird guy to another... Wink Jones |
| Posted: 11/29/2008 4:25:53 PM | |
| P: 11/29/2008 4:27:33 PM | |
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Wink Ideal Rock Total Posts: 4,037 Last Post: 11/24/2009 Member Since: 5/4/2001 |
Date: 11/29/2008 2:03:05 PM Author: Albert All, Thank you for the information and advice! (I've received similar advice about women not being keen on the idea that their ring was purchased with funds from a returned ring - although I did not think it was 'going titanic' severe). Albert, It is not using the funds that make them go titanic, is is trying to use the same ring. I could tell you stories, but it would NOT be a good idea! (Either the telling or the attempting to use!) Wink Wink Jones |
| Posted: 11/29/2008 4:27:33 PM | |
| P: 11/29/2008 4:30:19 PM | |
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Wink Ideal Rock Total Posts: 4,037 Last Post: 11/24/2009 Member Since: 5/4/2001 |
Date: 11/29/2008 4:09:31 PM Author: Albert John, Neat, Thank you very much for the information - actually a little less stressed about it after your messages. The engagement was broken off a few months ago but I hadn't been up for dealing with it then, which would have been the 6 month mark It's now been 10 months (kicking myself for delaying) but I did get to know the salesperson pretty well, so I will go to her next weekend when I'm back in Boston. Hope they are reasonable...will keep you posted. Albert Good on you! They have a reputation to enhance, so chances are that approached nicely they will do everything they can to make you happy and earn your repeat business. We will be pulling for you! Wink Wink Jones |
| Posted: 11/29/2008 4:30:19 PM | |
| P: 11/29/2008 4:32:48 PM | |
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Wink Ideal Rock Total Posts: 4,037 Last Post: 11/24/2009 Member Since: 5/4/2001 |
Sheesh, gotta start reading the threads all the way through before responding, but then, what fun would that be??? Wink Wink Jones |
| Posted: 11/29/2008 4:32:48 PM | |
| P: 11/29/2008 4:34:14 PM | |
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Moh 10 Ideal Rock Total Posts: 1,004 Last Post: 8/18/2009 Member Since: 10/25/2008 |
Here's a thought for if they tell you they can't take it back because you are beyond six months. Ask the sales person to go back to their manager to find what they can offer you for it. If the manager still says no go up the chain of command and politely keep asking. It may be more than you can get elsewhere and faster too, and no risk of dealing with strangers.
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| Posted: 11/29/2008 4:34:14 PM | |
| P: 11/29/2008 10:13:18 PM | |
diamondseeker2006 Ideal Rock Total Posts: 17,609 Last Post: 11/18/2009 Member Since: 1/11/2006 |
Hopefully Tiffany's will take it back, but if not, I do not think Signed Pieces is the way to go. I think you could do better with Craigslist with a recent appraisal from Tiffany's and an agreement to meet the person at Tiffany's so they can verify your ring and appraisal are authentic. I'm betting you won't lose more than maybe 20% that way.
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| Posted: 11/29/2008 10:13:18 PM | |
| P: 11/29/2008 10:40:36 PM | |
marcyc Ideal Rock Total Posts: 7,831 Last Post: 11/24/2009 Member Since: 2/27/2007 |
Sorry things didn't work out. Hopefully Tiffany's will be able to work out a deal for you.
 Sparkle On My Friends! |
| Posted: 11/29/2008 10:40:36 PM | |
| P: 11/29/2008 10:52:29 PM | |
RBD hunter Rough Rock Total Posts: 46 Last Post: 4/18/2009 Member Since: 8/6/2008 |
Again sorry for the situation In My Opinion (some may say warped) I too am guilty of checking out craigslist and ebay for specific certified diamonds. General pawn jewelry seems to at best net 25 cents on the dollar
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| Posted: 11/29/2008 10:52:29 PM | |
| P: 11/29/2008 10:56:59 PM | |
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neatfreak Ideal Rock Total Posts: 13,477 Last Post: 11/24/2009 Member Since: 2/17/2007 |
Date: 11/29/2008 10:52:29 PM Author: RBD hunter Again sorry for the situation In My Opinion (some may say warped) I too am guilty of checking out craigslist and ebay for specific certified diamonds. General pawn jewelry seems to at best net 25 cents on the dollar Very bad idea, see discussion above. If a woman hears that the stone was bought for someone else he'd be in a world of trouble.
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| Posted: 11/29/2008 10:56:59 PM | |
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