Post # 1
Has anyone ever taken old diamond jewelry and sold it to either a jeweler or a collector? I have 4 diamond rings that I want to sell and take that money to have a new bridal set made for me. I see these advertisements to sell you gold and diamonds, but I don’t know if they are reputable or not. I don’t want to lose the rings to some con-artist, and I really want to get a fair price. Any suggestions??
Post # 3
It is my understanding that in most cases, the gold itself is worth more than the diamonds in rings – unless of course you have a very good quality diamond.
Post # 4
@thumpurr: …..unless the diamonds are certified and you have the certificates for them, the jewelery will toss you $100 – $250 for them if he thinks he can use them….my advice is to call your local insurance agent, ask them which jeweler they recommend for appraisals and repairs, make an appointment and before you go, look up the market’s current value of gold per ounce…that way you’ll know if he’s trying to shaft you on the scrap value of the gold…
Post # 5
@thumpurr: I just took 2 rings to Kays and put the $ towards a new RHR. I think I got a fair price… Not great but fair.
Post # 6
That is kind of what I figured, I wouldn’t get too much for them. I guess I am back to my original plan of taking the rings to a jeweler and having them create a set from what I already have, and just pay for the labor costs and whatever extra gold I would have to purchase. I dont have any really huge diamonds, but MANY little ones. I think that a skilled jeweler could make me a pretty bling-y set. Rings are not very clean in the pic, but you get the idea.
Post # 7
@thumpurr: I LOVE that ring on the left!
Post # 8
@JessMorgan777: Can you take any rings to Kays or do they need to have been purchased from Kays?
Post # 9
Go to an independent jeweler that does design. They can probably use the metal and stones to create something new at a very low cost becauses it would be just labor and minimal materials.
Post # 10
I love the ring on the left. PM the info and your asking price If you’re interested in selling
Post # 11
@love108: +1. a good local jeweler who does custom work is the best option.
Post # 12
@TwilightBlue: Any diamond jewelry. Has to be diamonds though. It can be from anywhere
Post # 13
That left ring’s so gorgeous!
Post # 14
I second @love108: – go to an independant jeweler that makes their own. I actually did this. My mom passed away halfway through our engagement and left a bunch of jewelry. Some I kept for sentiment, others I knew I would never use to I had them appraised at a mom and pop jeweler I found online that had amazing Yelp reviews. I do not regret it a bit- we got about $3200 back and used this to have our wedding rings made. There are many shady “Buy gold now” places though- do your research! The day we went in we actually found out that a news crew was coming later in the day to do a piece on the shop (Diamond Vault of Troy). Apparently the news station went undercover to dozens of shops in the Detroit Metro area to have them appraise gold for exchange and our jeweler was the only one who was honest and didn’t try to scam them, so they did a report on them. Have to say thay solidified our decision, and we have been overwhelmingly happy with the place from day one.