Where and how to sell an inherited ring...

[jdsshady]

I told my mother today that I was in the market for an engagement ring, and she reminded me that years ago I inherited my late grandmother''s ring. I don''t know the details yet, but I know that the diamond is pear shaped weighing over 1.3 carrats. I know it is set in white gold and we purchased probably around 1935.

My finace to be wants a 2ct princess cut set in platinum and I have done my research and I am very lucky to be able get her what she wants within the next 6 months. My question is, knowing that my grandmother would want me to be happy with the ring and do what I want with it, where and how should I go about selling it? I am having it apraised tomorrow at a local jewler, but should I get it certified? I want to buy my ring online, since the prices are about 1/2 what I have seen at jewlers.

Thanks in advance for any advice,
mistpaants

 

[moon river]

I responded to your other thread. It''s better to just have one thread btw. Let me repeat---DON''T SELL!!!! PLEASE!!!!

 

[mrssalvo]

normally when selling a ring you end up getting about 1/2 of what''s it worth. If it''s truly and estate piece you can try local estate dealers but many times they will only offer 1/3 of the value. You can ask the appraiser if they know of any places local for you to consign which would probably bring you the most money. I''m also sad to see family heirlooms sold but do understand if you must for whatever reason. You''ll be able to get a better idea of where to sell it once you find out exactly what it is and what it''s worth.

 

[movie zombie]

you will get no where near the value of the ring if you sell it....all that market hype that diamonds are a great investment just don''e pan out in the resale market. years down the road you''ll wish you had it to give to your own child, a niece, or to your wife as a part of your family history. the $$$ you get won''t help much towards that 2 carat.
KEEP IT!

movie zombie

 

[jdsshady]

fine, i''m keeping it... it will probably only save me a month or two right...

 

[JulieN]

 

[ladykemma]

ask your fiance if she wants to see the pear. she may like it.

you could always have it set into a pear pendant for 1st anniversary.

 

[Gypsy]

Also, most women like diamonds. Your GF may want a princess for her e-ring... but maybe the pearl would be nice re-set for a wedding present-- as a pendant? Or an aniversary present on your first or fifth aniversary-- anniversary ring or pendant. Really, it's not like it has to sit there... wasting away in a vault.

That would be a shame.

 

[JulieN]

ooh, I like the idea of remaking it into a pendant if she doesn't want it for a ring.

 

[asscherisme]

I have to be honest, I CRINGED when I saw you were asking to sell it and am happy to see you decided to keep it.

Here is what I would do. Since your soon to be fiancee likes platinum, I would reset the pear into a simple pair solitaire pendant and buy a simple platinum chain and give it to her the day before your wedding as a wedding gift.

Pears make WONDERFUL pendants. And resetting it into a pendant is a relatively inexpensive thing to do, especially compared to buying a 2ct princess!

If I were in your fiancee''s position I would be thrilled. First getting my dream ring, and then getting a sentimental gift from your late grandmother

 

[movie zombie]

i love the idea of using it for a wedding day present!

movie zombie

 

[blodthecat]

Date: 5/3/2006 10:40:18 PM
Author: ladykemma
ask your fiance if she wants to see the pear. she may like it.

you could always have it set into a pear pendant for 1st anniversary.

bloody hell...you read my mind. That is exactly what is was going to post.

WOW..what an anniversary present that would make...plus the diamond would be staying in the family too!

 

[moon river]

So glad you''re keeping it.