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Suggestions for selling old wedding ring?

October 11th, 2015 at 04:13 pm

I would like to sell my old wedding set. I have never sold any jewelry before, so I am looking for any suggestions on where/how to do so. I checked with the retailer where the set was purchased from (Zales) and they stated that they do not buy back jewelry, but that they would use it as part of an exchange it for an item of double the value paid for the rings. So the ring was $5000, XH paid cash so they discounted down to $3500. So Zales will give me $3500 credit towards a $7000 purchase. If I was in the market for more jewelry, then I would say this isn't a terrible deal, but I don't need anymore jewelry, and certainly not $7K worth!

I also went to a pawnshop, just to get an idea on what they would pay....$400! UM no thanks!

MO also tried to look online about selling it, but that didn't seem to promising either.

I realize I will not get anywhere near what the ring is worth, but I really don't think I would want to sell it for less then $2K. It is a beautiful set, 2 carats total, and I have all of the paperwork for it.

4 Responses to “Suggestions for selling old wedding ring?”

  1. creditcardfree Says:

    I would check with an independent jeweler in your area. I sold gold jewelry(no diamonds) quite a few years ago and went to several places to get quotes first. Then I picked the highest one. Smile

  2. snafu Says:

    As you've discovered, the retail mark up in jewelry is ghastly. Even when you look at the value of the gold by weight only, you get a very small return. Diamonds are just a story developed from De Beers. Depending on costs, you may wish to have a valuation from a certified gemologist appraiser [CGA follows name].

    I suggest taking photos and seeing what response you get posting on Facebook sale page. I'd write the description as... from Zales, beautiful 'X' K gold engagement and wedding ring set, 'X' carat diamond supported with 'abc.' Documentation supplied Originally cost $ 5000., selling for $ 3,500. OBO

    I really enjoy quality jewelry so I'd look into having the rings re-made into a dinner ring or earrings. Does a nearby college offer classes in jewelry design? Any plans to go to Mexico or Thailand where Craftmen are easily available. I've had pieces re-done at Jewelry Mart in Los Angeles as well. Who re-works jewelry in your city?

    If the memory is too raw, I'd leave the set in your home safe until time has passed. It won't lose value depending on the troy oz for gold.

  3. Lena Says:

    Your best bet is probably a private transaction. Try selling sites in your area, Craigslist if you are comfortable, etc.

  4. Sandra Says:

    Try idonowidont.com or exboyfriendjewelry.com

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