Post # 1
Hello! I had gotten this engagement ring in 2012. It was custom made with aquamarine and platinum. Just this week, I had taken the ring to be altered at no charge. The wavy design was just out of place, chunky and didn’t fit with my style. They took off the wavy design and the 4 tiny sidestones and left me with a shiny, thinner plain band like I requested. The ring is absolutely stunning now, so classy, shiny and eye catching, and really shows off the stone. The first pic below shows the alteration, but doesn’t look as beautiful as in person! It is also much lighter and no longer irritates my pinky finger like it had. HOWEVER, I am concerned that I severely devalued the ring because it is lighter and the stones were taken off . The ring originally cost about $5,000 (1500 for the aquamarine and the rest for the platinum), and appraised at $7000. I can’t stop thinking about it. Initially the jeweler said I could trade my old band for a new one for $750. Then when they said they could just change the design for free, I immediately thought it was a great deal. I was so happy with the new look when I picked it up, but as I think more and more, they should have appraised it again and I just honestly didn’t think to ask about anything else. Anybody know how much the work would have cost and if you think I got taken advantage of? I’m sure the sidestones were not very valuable but I’m more concerned that I stupidly just gave away the value of the platinum!
Post # 3
@kimboboq: I think the important thing is that you like your ring now. Switching the band costs money – it’s definitely something only a skilled craftsman could do, so I don’t think you got ripped off because even if the apprasal value goes down, you still got something in exchange. Plus, you got this ring to wear, not sell I presume.
Post # 4
@kimboboq: I would get it appraised again if you’re concerned about losing some of the value. But then what will you do if it turns out to be significantly less?
Post # 5
I honestly think it’s one of those “no use crying over spilt milk” situations. Easier said than done, but the best thing to do would be to accept the changes and not worry about what could have been done differently.
Would a heavier platinum setting with side stones be worth more than what looks to be a solitaire setting? Yes, probably. However, what are the chances that you will ever sell your ring? And most importantly, what can you do about it now that the ring has been altered? Since there’s no way of turning back time and adding on the extra grams of plat, I think you should just enjoy what you have now! 🙂
Post # 6
I wouldn’t worry about it. The thing with jewelry is, if you sell it, you’ll never get anyone to pay anything close to what you did. Appraised value isn’t what you can tell someone to pay you if they want the ring. It’s the number you give to the insurance company for what it would cost to replace your ring if something happened to it.
Post # 7
@kimboboq: it looks like they just reset your stone into another band. the bands may or may not have been of similar value. it depends on the weight of the metal and the side stones.
regardless, i think your ring is stunning.
Post # 8
@kimboboq: you didn’t “give away” the platinum, you traded it for the jewelers time and expertise to change your setting into something you like better. Same thing as when I had my ering resized smaller, they quoted me $25 but charged me $10 when I picked it up because of the value of the gold they kept. I suppose my ring is worth less because it has less gold, but it’s more valuable to me since it was too big to wear before.
Post # 9
If you like the ring better now I think you got a great deal. Who cares if the ring lost value or not. It’s how you feel about how it looks on your hand. Plus, you said it doesn’t irritate your pinky finger no more. Excellent! This is a win-win situation.
Post # 10
I personally liked your ring better before the change. But your opinion is what really matters. They did not charge you anything, so there really is no use in worrying about it. I’ve traded in my setting before and they always keep the the previous one.
Post # 11
Do you know what the dwt or gram weight of the ring was before versus after? Does it feel substantially lighter? If you can’t feel an obvious difference, I wouldn’t worry about it. However, if the ring feels a LOT lighter and you can prove that you lost a lot of weight in metal, it might be worth speaking to the jeweler about