(Closed) Selling an old engagement ring? HELP.

posted 6 years ago in Rings
Post # 3
Member
2359 posts
Buzzing bee
  • Wedding: April 2018

I would just be really careful about reselling a ring.

In MANY, many states, the ring actually legally belongs to the person who purchased it (in this case, your ex-FI) until AFTER the wedding, at which time it then belongs to the wife.

So if you guys never got married, it might still technically be his property and he could come back and sue you for the price of the ring if you fail to return it to him.

If you’re in the clear on that, I hope you find better luck selling it. You might have more luck getting credit on another ring for it if you try to purchase a ring from a local jeweler instead of a chain store.

Post # 4
Member
4419 posts
Honey bee
  • Wedding: December 2010

@katie90:  Kay Jewelers will let you use any diamond ring no matter what store it was purchased at as trade in towards the purchase of another diamond.  You have to purchase something double the value of the ring you’re trading in though. 

In fact all of these stores will do that:

 

Post # 5
Member
5400 posts
Bee Keeper

You could sell it on diamond bistro, I do now I don’t, or even try the classifieds here. You probably won’t get near as much as it’s “worth” because that’s how it goes when you resell. Maybe 50-70%. Good luck!

Post # 6
Member
2269 posts
Buzzing bee

Sadly, diamonds do not have good resale. I would try listing it for 45% of the retail cost on ebay and see what happens.

Post # 7
Member
3312 posts
Sugar bee
  • Wedding: November 1999

Diamondbistro.com, idonoidont.com, exboyfriendjewelry.com, Pricescope preloved jewelry

Post # 10
Member
123 posts
Blushing bee

There is also a website called idonowidont.com where people resell their old engagement rings.

Post # 11
Member
4657 posts
Honey bee
  • Wedding: December 2011

@Loribeth:  wow that is a great list! i didn’t know so many places did that. that is AWESOME to know. also, Ebay is good and I sold my old e-ring on there from my ex 🙂

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