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selling an engagement ring

P: 7/12/2009 5:00:48 PM
lemony Rough Rock Total Posts: 12 Last Post: 7/12/2009 Member Since: 11/11/2008	Hello, I hope I am posting this in the right place. My boyfriend and I purchased an engagement ring back in October 2008 and since then have realized we are just friends (he never did pop the question). Through our break-up agreement, I ended up with the ring. However, I have no idea what to do with it! Is there any chance I can sell it for a reasonable amount? Please let me know what you think it may be worth. It is a Canadian diamond, AGS000 H&A carat: 1.06 clarity: VS1 color: G It is mounted in a platinum tiffany style knife edge setting. I can get more specific specs if needed. Thanks :)
Posted: 7/12/2009 5:00:48 PM

There are 4 replies to this message. There are 4 replies on this page.

P: 7/12/2009 5:04:25 PM
Lorelei Ideal Rock Total Posts: 34,228 Last Post: 11/23/2009 Member Since: 4/30/2005	Date: 7/12/2009 5:00:48 PM Author:lemony Hello, I hope I am posting this in the right place. My boyfriend and I purchased an engagement ring back in October 2008 and since then have realized we are just friends (he never did pop the question). Through our break-up agreement, I ended up with the ring. However, I have no idea what to do with it! Is there any chance I can sell it for a reasonable amount? Please let me know what you think it may be worth. It is a Canadian diamond, AGS000 H&A carat: 1.06 clarity: VS1 color: G It is mounted in a platinum tiffany style knife edge setting. I can get more specific specs if needed. Thanks :) Hi Lemony Your best bet might be to try consignment with someone like www.pearlmansjewelers.com , consignment works on commission so the company takes a certain amount if a sale results. Usually you can only expect to recoup 30 - 50% of the purchase price, it sounds like a nice diamond so hopefully you will have luck selling it. Alternatively you could try selling it privately as you might get a bit more money for it, or if money isn't an issue you could reset it as a pendant? Also this article might be very useful to you. http://journal.pricescope.com/Articles/66/1/A-consumer%e2%80%99s-guide-to-reselling-diamonds.aspx Lastly if you had an independant appraisal done on the diamond an appraiser could give you a suitable sum you could try to sell for, here is a tool you can use to find an appraiser in your area. http://www.pricescope.com/appr_list.aspx 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: 7/12/2009 5:04:25 PM

P: 7/12/2009 5:21:11 PM
icekid Ideal Rock Total Posts: 6,555 Last Post: 11/22/2009 Member Since: 11/17/2004	Some people have had good luck selling on diamondbistro.com. It may be worth a try, because the consignment deals will take quite a bit of your "profit." Alternatively- what about making it into a lovely pendant??
Posted: 7/12/2009 5:21:11 PM

P: 7/12/2009 5:26:38 PM
Lorelei Ideal Rock Total Posts: 34,228 Last Post: 11/23/2009 Member Since: 4/30/2005	Date: 7/12/2009 5:21:11 PM Author: icekid Some people have had good luck selling on diamondbistro.com. It may be worth a try, because the consignment deals will take quite a bit of your 'profit.' Alternatively- what about making it into a lovely pendant?? I will do a link and have a nose around Ice! www.diamondbistro.com 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: 7/12/2009 5:26:38 PM

P: 7/12/2009 6:33:14 PM
FancyDiamond Cut Rock Total Posts: 304 Last Post: 11/23/2009 Member Since: 6/16/2009	Sounds like you have a gorgeous ring, well cut diamond (great color and clarity spec) and a modern looking ring. With a substantial loss from reselling, I would rather keep the ring and wear it as is, or save it for later to reset in another gorgeous setting or a pendant. I shall reset my old ering in a pendant. The simple and elegant look of a solitaire in a benzle setting that most people are getting now may be a good choice.
Posted: 7/12/2009 6:33:14 PM

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