(Closed) Used Engagement Ring Stigma

posted 3 years ago in Engagement
Post # 16
Member
6771 posts
Busy Beekeeper

Plenty of people are happy to get a great deal on Ebay, DB, etc. Delete your FB post and put it out into the world anonymously. And best of luck with school!

Post # 17
Member
1223 posts
Bumble bee
  • Wedding: October 2016

Consider consigning it with Jewels by Grace or Good Old Gold!

Post # 18
Member
107 posts
Blushing bee
  • Wedding: October 2016

I agree with the PP. Anonymously is the best way you can go without people judging. 

Fiance recently purchased a used diamond ring (in perfect condition) when my own became impossible to wear and we needed a stand in fast and cheap. I don’t mind at all. I’m happy he purchased it for a 1/5 of what it would cost brand new.

Post # 19
Member
1104 posts
Bumble bee

PizzaBride :  no, i don’t think there’s anything wrong with used e-rings, my e-ring and wedding band are vintage so i’m totally cool with it! that said, diamond rings have a notoriously terrible resale value. i’m not surprised at the reactions and i doubt you’ll get $3k but you can definitely still sell it elswhere. i personally cashed in on the fact that many people don’t consider “used” e-rings and ended up getting a wayyyyy nicer ring than we could have afforded new. i’d try consignment or ebay. 

Post # 20
Member
315 posts
Helper bee
  • Wedding: June 2018

I’d have been stoked to find a deal like that. Like you said, it’s brand new. 

Post # 21
Member
4551 posts
Honey bee
  • Wedding: June 2010

I have a few sets and one of them is second hand, bought from a pawn shop. I know that the total cost in Australia for the set is over $7000 (it is still sold by a well known jeweler), but I got it for a quarter of that. 

I don’t care that it is second hand, I care that I got a great set for a very, very cheap price!

Good luck with your sale. You will be lucky to get 50% of retail though, unless someone is looking for that specific setting.

Post # 25
Member
13563 posts
Honey Beekeeper

How strange. I had the same train of thought as you…boy, someone would get a killer deal!

Post # 26
Member
1188 posts
Bumble bee
  • Wedding: February 2014

NO way.  I love purchasing secondhand jewelry.  I’ve got an incredible collection for about 25% of what I’d have paid at a store… and incredibly blingy collection.  No shame here.

Post # 27
Member
1188 posts
Bumble bee
  • Wedding: February 2014

To add, yes, agree with previous posters.  I paid anywhere from 25-60% of the appraised value.  

Post # 28
Member
830 posts
Busy bee
  • Wedding: October 2015

If you’re worried about mailing it and being scammed, you could sell it locally through Craigslist. Someone might buy it directly from you and trust your word (especially if you have any original paperwork or receipts). But it’s also likely that a potential buyer will ask you to meet them at a jeweler, so that they can have the ring inspected by the jeweler before they buy. (This is similar to someone buying a used car on craigslist and having it inspected by a mechanic before they buy.)

Post # 29
Member
303 posts
Helper bee

SO purchased my ring off DB, when we initially starting talking rings last year I was shocked by what he wanted to spend and I asked him to not spend that much and look into pre loved rings. He still picked my ring without my input and he did a wonderful job and paid 1/4 of what he would have if he purchased it from the retailer. 

I’m not sure you’ll get as much as you’re hoping, but you could try!

Post # 30
Member
2485 posts
Buzzing bee

Here’s a 1.6 Round Brilliant Tacori consigned at JewelsbyGrace selling for ~7K, but who knows if she will get that. Your stone is smaller and face up even smaller given that it’s princess cut, so I would guess Grace would set it around 6K, depending on the other features of the stone: cut, color, clarity.

Now you MIGHT get 6-7K if you go this route, but you’d have to be ready to watch it sit there for a while. I know that the tacori I’ve linked to has been there for at least 6 months or so.

If you opt for a direct sell through Loupetroop or DB… I’d maybe list for ~4-5K and see if you get any bites. Wait however long you want, then drop the price a little with a note in the title “price drop for quick sell” or “very motivated to sell.” People love to feel like they’re getting a deal.

http://www.jewelsbygrace.com/rings/estate-modern/1-60ct-modern-round-brilliant-diamond-tacori-solitaire#.V6yWTvkrK70

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