(Closed) What would be the lowest you would accept?

posted 5 years ago in Rings
  • poll: How much would you ask for?
    $5000 : (25 votes)
    30 %
    $6000 : (10 votes)
    12 %
    $7000 : (18 votes)
    22 %
    $8000 : (14 votes)
    17 %
    $9000 : (7 votes)
    9 %
    $10000 : (8 votes)
    10 %
  • Post # 3
    Member
    1093 posts
    Bumble bee
    • Wedding: October 2011

    How insane is it that you can have a ring bought for $15,000, appraised at $11,000 but offered $5300? It’s like driving a brand new car off the car lot… once you leave the driveway it’s depreciated!! Unfortunately jewelry has a HUGE mark up.

    The offer from the jeweler seems fair but I’d take it to 2 more maybe a pawn shop to compare offers. Would you consider selling it yourself, want ads, ebay?

    Post # 4
    Member
    14304 posts
    Honey Beekeeper
    • Wedding: June 2011

    I’d ask for 8k and be willing to part with it for 7000-7500 probably since it has not GIA certificate.

    Post # 5
    Member
    3472 posts
    Sugar bee
    • Wedding: July 2012 - The Gables Inn, Santa Rosa, CA

    ebay, or on this site you might get a better deal– I would definitely wait until you get an offer at least over $8000.  You don’t need the money, so there’s no reason to settle for less than 1/3rd of it’s appraised value. 

    Post # 6
    Member
    731 posts
    Busy bee
    • Wedding: March 2013

    I vote give the stone to me. 😉

     

    haha 🙂 jk

    Post # 7
    Member
    1417 posts
    Bumble bee
    • Wedding: October 2013

    @sshood:  I would also try selling it myself like PP said. And I wouldn’t go below 7,500. Good luck!

    Post # 8
    Member
    1252 posts
    Bumble bee
    • Wedding: November 2011

    I’d maybe try selling it over on http://www.diamondbistro.com , but be aware that appraisals are always inflated so I wouldn’t realistically expect to get more than $7,500.  Good luck!

    Post # 9
    Member
    389 posts
    Helper bee
    • Wedding: July 2010

    I honestly don’t know how diamonds are appraised if they are not certified, so I cannot help you there. I would suggest taking it around to dealers, and see what they say. Look up prices for comparable non-certified diamonds to see what they are going for.

    Post # 10
    Member
    2725 posts
    Sugar bee
    • Wedding: November 2011

    What is the color of the stone? That would be a factor as well. A loose stone from blue nile with the same specs ranges from $9,000-$28,000. On pricescope the prices start at $5000. The factor in price difference is the color.

    Also, apprasials are usually inflated. It’s likely you are only going to get about $5,000.

    Post # 11
    Member
    94 posts
    Worker bee

    Would it be possible to sell it for more on consignement? Or as an estate piece?

    If not- try selling it yourself.

    Post # 12
    Member
    1231 posts
    Bumble bee
    • Wedding: August 2011

    Definitely sell it privately!

    Post # 13
    Member
    2548 posts
    Sugar bee
    • Wedding: October 2011

    Honestly I would sell it for 5k just to know it would potentially sell quickly rather than waiting. You might have more luck going to a local jeweller and see what they will purchase it for!

    Post # 15
    Member
    286 posts
    Helper bee
    • Wedding: July 2011

    Considered getting it GIA or AGS graded? I would definitely look into ags if u know it is an ideal princess cut. They are the only ones that certify that. It would help your diamond be more desirable. I think online and buyers in general feel better with a cert so it may up the value u can get for it. 

    Post # 16
    Member
    5969 posts
    Bee Keeper
    • Wedding: April 2018

    That is why uncertified diamonds are a rip off!  The gold should go for market value by the ounce, no wiggle room there, but the diamond…ugh, without a certificate from GIA…an appraisal would be your best bargaining tool, call your insurance agent and ask for a reputable appraiser, what he says it’s worth, you can expect a jeweler to cut it as far as in half, since they have to make a profit, maybe they’ll do a trade in???  Otherwise you can try to sell privately, but I don’t know how well that will work out…I would go for trade in at a jeweler with an appraisal…that way you both win…

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