Post # 1
Does anybody have any experience in trading in a ring for something else? My boyfriend was given an old ring by one of his relatives that is a 1 carat diamond in a platinum setting. Its a size too small and we would like it to match my white gold e-ring anyway. Do you just take it into the jewler, they price it, sell you the white gold ring and cut you a check for the difference? I know platinum is worth more than white gold so you would think there would be SOME money left over coming back to us.
Post # 3
You won’t get retail value for it. The jeweler will take it a do an appraisal on it, then tell you what they are willing to give you for it; just like when you trade in a vehicle. Depending on the ring, you might want to get your own appraisal and sell it yourself and then use the money to get what you want. Trading it the diamond is tough too. They will measure it and appraise it and let you know if they will accept it for trade. Most jewelers won’t take anything less than a carat. Do some research online before you take the ring in, so you know a little about what you can expect.
Post # 4
The diamond is a carat, and we were intending to use it on the new band. Also I tried and everything I’m finding is ‘whats the difference between w.g. and platinum’ and really haven’t found anything useful. I am planning on calling the jewlers later this week when I have some time (its finals week x.x) but wanted to know if anyone on here knew something about it. Thanks!