Dilemma

posted 3 years ago in Rings
Post # 3
Member
667 posts
Busy bee
  • Wedding: October 2013

You likely won’t get even 6000 pounds (sorry, American, don’t know how to make the pound sign) for a used diamond. You can see if maybe Tiffany’s will take it as a trade-in but trying to just sell it, you will probably get not even half of what you paid.

Post # 4
Member
1649 posts
Bumble bee
  • Wedding: August 2015

@classyashley:  +1 Unfortunately that is the case for most engagement jewelry. 

Post # 5
Member
7070 posts
Busy Beekeeper
  • Wedding: August 2012

Yeah I’m sorry but I don’t think you’ll get much money reselling it. Engagement rings just don’t have that kind of resale value, even if they are from Tiffany.

Post # 6
Member
396 posts
Helper bee
  • Wedding: July 2014

@classyashley:  I agree. I think it’s worth a shot for you to try….but I doubt you’ll get that much back from it, sorry. 

Post # 7
Member
865 posts
Busy bee
  • Wedding: July 2015

I used to work for a jewellers, and the owner said something that has always stuck with me:

“The minute you walk out the jewellers door, your ring is worth 25% of what you paid for it”

Gives you an idea of the average markup/profit margin in a store-front jewellers…

I’d try Ebay.  Don’t expect to get even £2500 though, I just sold a ring there that I paid £420.  I got £150 for it, and I was pleased with that…

Post # 8
Member
11379 posts
Sugar Beekeeper
  • Wedding: April 2012

@anulka:  i don’t think you will be happy with what you will get for your diamond. 

if you want a bigger look, have you considered setting your diamond in a halo setting?  this will make it look bigger.

Post # 10
Member
223 posts
Helper bee

@Baal:  resale value on tiffany rings are always higher

Post # 11
Member
223 posts
Helper bee
Post # 12
Member
865 posts
Busy bee
  • Wedding: July 2015

@serenitea:  Also remember that the exchange rate means that $3900 is £2600

 

Post # 13
Member
223 posts
Helper bee

@Baal:  True! It’s definitely true that resale on Tiffany rings are higher though, comparable non-tiffany stones on ebay generally sell within the $1500 range (less than half of a Tiffany ring). Assuming the OP’s diamond is better than an I color, I’d say she can get about $4200-$4500 for it.

 

 

 

I only know so much because I buy and sell pre-owned rings and am always willing to pay higher to resell a Tiffany’s!

 

 

 

Post # 15
Member
5445 posts
Bee Keeper

Like PPs have said, I doubt you will get that much for your ring if you sell it. Are you within the return period at Tiffany? I doubt it but you may be. 

One thing I would caution is that with a .85 carat solitaire, .13 stones in a wedding band will probably dwarf it and make the diamond look smaller, which is the opposite of what you want. I would go for 3-5 pointers, or maybe 7-8. 

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