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Selling wedding rings

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roarlouder posted 2/25/2014 14:04 PM

I absolutely love mine, and the stone has significant sentimental ties to my family (another thing he's ruined). It isn't a family stone, he bought it, it just is tied to memories and ancestors.

Anyway, I can't wear it. I thought about keeping as a dinner ring...thought about getting it made into something else...but it's tarnished. All it says to me now is my spouse thought flash and spending lots of money would balance out his now represents misguided values in my mind.

Has anyone sold their rings? I am wondering what the best route is, and how much one can expect to get compared to appraised value?

Pass posted 2/25/2014 14:28 PM

Yep, I sold mine within two months of our separation. I just went into a neighbourhood rare coins store and said, "What'll you give me for my wedding ring?"

They gave me a surprised look, so I said, "Don't worry, I'm not using it anymore."

I don't know if I got the best value for it or not. No idea how to go about that.

Williesmom posted 2/25/2014 14:57 PM

I traded mine in to a chain store. They would only do diamonds for a diamond trade. So.....

I'm now sporting a kick ass set of diamond studs and a ring with a solitaire stone that I wear on my right hand. Seriously, these studs rival the ones that NFL players wear. My girlfriends laugh hysterically every time I wear them. They bring me great joy.

I sold his wedding band for the gold (couple hundred bucks), took that money, and went to the casino. Had a blast.


scarednbroken posted 2/25/2014 15:23 PM

I have several rings - promise ring, Christmas gifts, two anniversary bands (10yr, 15yr), his anniversary band, and wedding rings.

I gave them to my mom to sell she's a jeweler. I sold three small rings for the gold had no more than chips in them $75. One tanzanite ring had bad stones, so IDK what we will do with those, maybe for gold price. The his and hers 15 yr anniv eternity bands are worth 2000 and 1000 (appraised by jeweler). I am selling those on ebay. IDK what they will go for. The wedding bands I have to keep on until after I tell him I'm going for D. THen they will be ebay or gold or reset for kids.

The going prices are based on market. The 75 I got for the small ones was 40 more than the original offer. If you want fast money, you will have to settle on a lower price, if you have time, you can get more. Also, if you have certification papers, it increases the value. Appraisals can cost you upwards of $80 per ring.

I agree, I loved all my rings, we specifically chose each one, then I found out that they were "guilt purchases" and the wedding rings are lies. So they mean little now. Except a way to fund my D.

Phoenix1 posted 2/25/2014 15:34 PM

I traded mine in to a chain store. They would only do diamonds for a diamond trade.

This is an option for me, and I intend to do that and buy something entirely new. Just haven't gotten around to it yet. May even buy a solitaire pendant instead of a ring! Right now they are sitting in the bottom of my jewelry box. I have no intention of passing on to any of my kids as they are tainted...

Amazonia posted 2/25/2014 18:13 PM

I did a lot of research and chose to sell on Craigslist. I got two independent appraisals first (be sure to get a sale appraisal not an insurance appraisal).

A pawn shop will give you 10-20% of the retail value of a diamond ring. An estate jeweler will give you 20-35%, and then turn around and sell it for 50-60%. Occasionally you can find a consignment jeweler, who will sell it at 50-60% of the retail value, take a small cut, and give you a check only after it sells.

Craigslist (or any private sale) is a total crapshoot, and the more anxious you are for a quick sale, the more likely you are too get a lower price.

I was in no hurry, didn't need the money urgently, and decided to list mine at 60% and was prepared to relist weekly until someone agreed to my asking price, for up to six months. After six months I would consider reducing.

A bunch of online "jewelers" low balled me for just the diamond, and I turned them all down. A private buyer, renewing her vows, contacted me, we met in a public location (the bottom of a stairwell entrance to a DSW ) near her bank, and after she tried on and loved the ring, we walked next door and I stood beside her while the bank cut a cashier's check for the full amount. I deposited it on my way home.

[This message edited by Amazonia at 5:06 AM, February 26th (Wednesday)]

lifestoshort posted 2/25/2014 18:57 PM

try lots of people sell there

marlie2014 posted 2/25/2014 19:03 PM

I, too, posted about this recently and ended up selling mine through craigslist. I met the buyer in a parking lot of a restaurant and followed him to the mall where he had a jeweler confirm 'whether or not it were a real diamond.' Which cost nothing.

Then he withdrew $$$ from the ATM, so that worked out very well.

I had also been getting ready to list it on ebay, but it turned out to be unnecessary.

There's also (I think that's it?) where I also had it listed.

scarednbroken posted 2/25/2014 22:14 PM

Two places my mom suggests are www. and du mouchelle auctions.

[This message edited by scarednbroken at 10:15 PM, February 25th (Tuesday)]

WestMonroe91 posted 2/26/2014 15:06 PM

Well today I went to a Gold & Diamond Exchange store. I had no intention of leaving the store without selling it. I know I might have gotten more money elsewhere but that wasn't important.So even though my D is not final yet, this helps put the final nail in the coffin, so to speak.

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