(Closed) Selling my rings – need help pricing them! (Pic heavy)

posted 4 years ago in Rings
Post # 2
Member
782 posts
Busy bee

I have no clue what you’d sake for. My initial thought is 50% under retail but I don’t have any idea. Another site to sell on is idonowidont.com. Good luck. It’s a beautiful set. 

Post # 2
Member
1701 posts
Bumble bee
  • Wedding: July 2009

From the documnetation, the stones are not certified by a known lab. Given the specs, it would not be worth the few hunded to get it certified. Unfortunaly, based on the photos and the uncertified stones, I would not expect you to get more than $800 usd, in which case you may be better off selling for the value of the gold.

References.

http://www.ebay.com/itm/14K-White-Gold-54CT-VS1-G-Princess-Cut-Center-Wedding-Set-1-58CTTW-L7158-LPJ-/232398627278?hash=item361c09a1ce:g:wkIAAOSwMgdXzylh

http://www.ebay.com/itm/14K-YG-PRINCESS-CUT-DIAMOND-ENGAGEMENT-RING-SIZE-6-54-TCW-G104875-1-2-18grm-/131948343336?hash=item1eb8bbf028:g:azwAAOSwRgJXkqVd

http://www.ebay.com/itm/14k-wg-Princess-Cut-Diamond-Solitaire-Engagement-Ring-54-ct-H-VS1-sz-7-25-Cert-/182626250282?hash=item2a855f6e2a:g:rLAAAOSw4CFY8jNp

 

Post # 4
Member
47 posts
Newbee

View original reply
Charliejeorge :  good job clearing things out! 

My guess is that the two rings might be worth more separately, and soldering is (from what I’ve read) easy to undo, right? That way you only need to find two people who like each ring, not one person who wants the same exact set you had. 

I bet you can get a pretty good idea of prices by looking at rings currently listed on those sites. (and glitterysala’s links…) only thing is: I’m not sure whether the price of the gold listed in the jeweler’s report is exactly what you’ll get from reselling it? So I’d consider that before deciding to scrap the rings for gold.

Post # 6
Member
1162 posts
Bumble bee
  • Wedding: March 2011

I recently bought 4 solitaire engagement rings from ebay. Two are 0.55 GH SI1 and VS2, and two are 0.33 and HI SI1.  

I had them made into earrings. 😉

I paid $525, $600, $300, $170.  I sold the settings for scrap along with a heavy mans wedding band and a couple of broken chains and got $300. 

Resale value on jewelry is terrible,  i hope its better in Canada. 

Post # 7
Member
3182 posts
Sugar bee

Unfortunately, you never get anywhere near the appraisal value for diamonds. That’s why a lot of people are opting for other stones these days. My ring is appraised for $4,000 USD, and is worth only $800-$1,000 on the wholesale market (aka: selling it).

Post # 9
Member
7966 posts
Bumble Beekeeper
  • Wedding: February 1997

View original reply
Charliejeorge :  It isn’t that the stones aren’t proven to be real diamonds; that can be done with a simple tester. The PP was indicating that without a reputable certification, it would be in question what their quality might be. So despite the certificate from a jeweler claiming they are one thing, a reputable grading house like GIA or AGS might grade them lower. Add to that the fact that resale value of diamonds is next to nothing (especially for smaller stones), and that’s the issue with trying to resell a ring.

You may very well be best off selling the settings for scrap gold value and either resetting the stones into another piece or trying to sell them separately.

Post # 10
Member
491 posts
Helper bee

View original reply
Charliejeorge :  In all honesty, I would say you could start the price at $750 – $800 but be prepared to go mid $600.  I have sold quite a few things on Diamond Bistro (mainly moissy and diamonds), and the most recent diamond ring I sold was a round in cushion halo, with an over .60ct center diamond (around 1.2ct total diamond weight) and 14k white gold.  It was currently retailing for $4000 USD (I think, may have been higher than that actually), and I sold it for $650 USD.  Less than 20% retail.  To echo pp’s,  diamond re-sale value is incredibly low when it comes to private online sales.

Post # 11
Member
4493 posts
Honey bee
  • Wedding: June 2010

Sadly, as someone who has a lot of experience buying and selling second hand jewelry, the others are right in suggesting you won’t get a whole lot for your rings. Appraisal value is hugely overinflated, and you can’t expect to get anything close. 

I would expect it to go for around $700 ish? 

Post # 13
Member
3286 posts
Sugar bee

My guy always says to sell things for 2/3 of the appraisal value. The numbers that are given are super inflated. 

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