Opinions on a Star 129?

[Bastian93]

Hello, first post here. I''m posting to inquire about what everybody thinks here. This was what I had purchased for my now ex wife. Now sitting on this for over 2 years since our divorce, (yes I was fortunate enough to get the ring back in the divorce + the house! HA!) but anyways, I''m not coming on here to sell this, so don''t take it like that, I have to do that locally in person. However I would like to get some peoples thoughts on what you all think I could get out of this. I paid over $7k for it, and it''s appraised at $6,900. The center stone is a Star 129 0.53ct F color VVS2. The remaining side stones are all G- H and VS1 - VS2. The wedding band of 4 marquise are G-H and VS1 - SI1.

When I got this back, I took it down to have the rings separated and reconditioned into like new. I''ve been to numerous jewelry shops here in Wichita only to be offered around $800 for the entire thing, including it''s GEMEX report and GIA cert documents. However with 2 people who would buy it for $5k if they could afford it, I know I have to just wait till I find the right person. A rather reputable jeweler told me to not take less than $5,000 for it, so I''m sticking with his advice. So, please tell me, would I be wasting my time waiting for the right person? Is asking a bit over $5k too much? Thank you.. looking forward to replies!

 

[Bastian93]

Just one more pic... though I''ve made others of the bands separated.

 

[Jelly]

You may want to put an ad up at diamondbistro or ebay.

Unfortunately I don''t know if you''ll get 5K for it...unfortunately diamond depreciates in value a lot of times.

 

[Lorelei]

Hi Bastian,

Unfortunately it is usual to only recoup around 30 - 50% when reselling a diamond ring, I agree with Jelly that you are unlikely to get 5k for it. Here is a thread which might help give you ideas on how to sell, maybe try www.pearlmansjewelers.com to see about consignment if you aren''t in a rush to sell.

 

[purrfectpear]

I happen to know almost all the jewelry stores in Wichita. I used to be married to one of the Clarks from Clarks Jewelers. I don''t know who could have possibly told you to hold out for $5K (one of the mall stores?), but it wasn''t worth $5K when you bought it. You overpaid by a ridiculous amount and the "appraisal" was substantially overstated (as they often are from stores), sorry. You can hope for about $1200-$1500, but honestly I think you''ll probably get less. It''s a half carat diamond in a very dated setting with some little side stones. Here is a perfectly cut 0.523 F VVS2 AGS $2,757.00 at Whiteflash. This is not $5K territory. You can see if Pearlman''s will take it on consignment.