Selling a 2nd hand engagement ring.
19 October 2005, 10:35 AM
#1
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Selling a 2nd hand engagement ring.
Once again I turn to the oracle that is Scoobynet for advice. 
My wife has an engagement ring from a previous charmer who tried and failed
to gain her hand in marriage some 8 years ago. The ring is a single diamond solitaire (1.08ct) very good colour and clarity, claw mounted in a platinum band. It is valued at £5,850. She obviously doesn't wear the ring and we want to realise on some of it's value. I have looked on ebay and rings of upwards of £1k don't appear that often and never seem to make reserve etc.
Any ideas on places to go to sell this ring? We would be happy accepting 50% of it's actual value just to get shot of it.
My wife has an engagement ring from a previous charmer who tried and failed
to gain her hand in marriage some 8 years ago. The ring is a single diamond solitaire (1.08ct) very good colour and clarity, claw mounted in a platinum band. It is valued at £5,850. She obviously doesn't wear the ring and we want to realise on some of it's value. I have looked on ebay and rings of upwards of £1k don't appear that often and never seem to make reserve etc.Any ideas on places to go to sell this ring? We would be happy accepting 50% of it's actual value just to get shot of it.
19 October 2005, 10:59 AM
#2
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No wonder she didn't give it back, lol
Do you have the certificate?
Do you have the certificate?
@ Keeping a £6k ring 
19 October 2005, 11:09 AM
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I dont know, dont she feel the need to give it back? think thats a bit tight/hard up etc to be honest.... Id feel well guitly, women all over that is though 
19 October 2005, 11:11 AM
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surely if you offer a ring and she says no, you close the box and take it back?? don't let the lady whos just blown you out and wrecked your evening keep it!! especially when its worth 6k !!
19 October 2005, 11:12 AM
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Wow, my wife wants something like that. But she ain't getting it at that price!
What about all the jewellers in London, New Bond St, or there's some fancy place in Tunbridge Wells... I thought loads of jewellers dealt in s/h rings?
What about all the jewellers in London, New Bond St, or there's some fancy place in Tunbridge Wells... I thought loads of jewellers dealt in s/h rings?
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19 October 2005, 11:19 AM
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I expect she was engaged to the bloke, but for some reason did'nt make it to the alter
Spill the beans remmy!
19 October 2005, 11:25 AM
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Originally Posted by Jay m A
I expect she was engaged to the bloke, but for some reason did'nt make it to the alter
Spill the beans remmy!
He has the same problem though... what to do with it. Nowhere will give him anywhere near what he paid for it! I told him to keep it for next time!
19 October 2005, 11:28 AM
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£6k to the guy that proposed to her 8 years ago was nothing. Lets just say he was rather comfortable in the wealth dept. My wife decided that love was more important than money so married me instead. Fortunately for me she bought with her this ring and many other tokens of his affection from times past. LOL
Yes we have the valuation certificate which details stone colour, clarity etc., it was revalued earlier this year for insurance.
I think that we will approach some local jewellers but feel uncomfortable walking in saying "wanna buy a ring?". Obviously we want best price for the ring and I know that jewellery has something like 200%+ mark-up on trade price. I wouldn't have thought a local jeweller would offer more than £1.5k for the ring but will try.
We had wondered about auctioning through a specific jewellery auction house. Any ideas in this area?
Fortunately for me she bought with her this ring and many other tokens of his affection from times past. LOL Yes we have the valuation certificate which details stone colour, clarity etc., it was revalued earlier this year for insurance.
I think that we will approach some local jewellers but feel uncomfortable walking in saying "wanna buy a ring?". Obviously we want best price for the ring and I know that jewellery has something like 200%+ mark-up on trade price. I wouldn't have thought a local jeweller would offer more than £1.5k for the ring but will try.
We had wondered about auctioning through a specific jewellery auction house. Any ideas in this area?
19 October 2005, 11:33 AM
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In some ways I dont blame you for selling it, but in others it just doesn't feel right..........
IMHO anything you get for it is better than nothing, If you dont intend to give it back of course.
Gary
IMHO anything you get for it is better than nothing, If you dont intend to give it back of course.
Gary
19 October 2005, 11:47 AM
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Don't go to a jeweller. Valued at £5850 and they will probably say they are doing you a favour by offering £1800.
Contact an auction house. We sold a diamond ring through a Sotheby's special jewellery auction. Got about twice as much jewellers were offering. dl
Contact an auction house. We sold a diamond ring through a Sotheby's special jewellery auction. Got about twice as much jewellers were offering. dl
19 October 2005, 12:14 PM
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Originally Posted by SCOOBY TOWERS
Its Insured !
Lost it on a night out
Lost it on a night out
19 October 2005, 12:26 PM
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Don't go to a jeweller. Valued at £5850 and they will probably say they are doing you a favour by offering £1800
In her defence i don't blame her for keeping the ring, rich bastid obviously didn't. I'm all for love winning over wealth ... because i'm poor
19 October 2005, 01:02 PM
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Claiming on Insurance I am not at all comfortable with. 
The ring would sell in a Jewellers window at somewhere between £3,750 and £4,500. I am going to look into auction houses for jewellery before going round the various independant jewellers nearby.
David Lock, You mentioned Sotheby's, did you try any other auction houses?
The ring would sell in a Jewellers window at somewhere between £3,750 and £4,500. I am going to look into auction houses for jewellery before going round the various independant jewellers nearby.
David Lock, You mentioned Sotheby's, did you try any other auction houses?
19 October 2005, 01:06 PM
#22
Originally Posted by Remster
£6k to the guy that proposed to her 8 years ago was nothing. Lets just say he was rather comfortable in the wealth dept. My wife decided that love was more important than money so married me instead. Fortunately for me she bought with her this ring and many other tokens of his affection from times past. LOL
Yes we have the valuation certificate which details stone colour, clarity etc., it was revalued earlier this year for insurance.
I think that we will approach some local jewellers but feel uncomfortable walking in saying "wanna buy a ring?". Obviously we want best price for the ring and I know that jewellery has something like 200%+ mark-up on trade price. I wouldn't have thought a local jeweller would offer more than £1.5k for the ring but will try.
We had wondered about auctioning through a specific jewellery auction house. Any ideas in this area?
Fortunately for me she bought with her this ring and many other tokens of his affection from times past. LOL Yes we have the valuation certificate which details stone colour, clarity etc., it was revalued earlier this year for insurance.
I think that we will approach some local jewellers but feel uncomfortable walking in saying "wanna buy a ring?". Obviously we want best price for the ring and I know that jewellery has something like 200%+ mark-up on trade price. I wouldn't have thought a local jeweller would offer more than £1.5k for the ring but will try.
We had wondered about auctioning through a specific jewellery auction house. Any ideas in this area?
19 October 2005, 01:15 PM
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Originally Posted by Remster
Claiming on Insurance I am not at all comfortable with.
The ring would sell in a Jewellers window at somewhere between £3,750 and £4,500. I am going to look into auction houses for jewellery before going round the various independant jewellers nearby.
David Lock, You mentioned Sotheby's, did you try any other auction houses?
The ring would sell in a Jewellers window at somewhere between £3,750 and £4,500. I am going to look into auction houses for jewellery before going round the various independant jewellers nearby.
David Lock, You mentioned Sotheby's, did you try any other auction houses?
Note a local jeweller said that he would run a sort of mini auction with people he knew might be interested and sell to the highest bidder. The estimate he gave me was about half of the final Sotheby's auction bid and I strongly suspected it was a fix. dl
19 October 2005, 01:19 PM
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Originally Posted by Remster
Claiming on Insurance I am not at all comfortable with.
The ring would sell in a Jewellers window at somewhere between £3,750 and £4,500. I am going to look into auction houses for jewellery before going round the various independant jewellers nearby.
David Lock, You mentioned Sotheby's, did you try any other auction houses?
The ring would sell in a Jewellers window at somewhere between £3,750 and £4,500. I am going to look into auction houses for jewellery before going round the various independant jewellers nearby.
David Lock, You mentioned Sotheby's, did you try any other auction houses?
Step back a few paces and have a think about what your saying ....
Gary
19 October 2005, 01:55 PM
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Originally Posted by Gutmann pug
PMSL .....your not comfy with claiming off your insurance, which by the way is a sure fire way of getting the money you want.......But you dont mind hanging out for a good price on a ring which is dubious as to its origin....
Step back a few paces and have a think about what your saying ....
Step back a few paces and have a think about what your saying ....
19 October 2005, 02:05 PM
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errrrrr yeah ........
No slight on the bloke selling this but lets look at the facts .....
1. Ring was given to his wife a while back as a token ready for marriage.
2. Ring was not returned for whatever reason
3. The guy wants to sell the ring now
4. Not happy with putting it on E-bay or through a local jewel merchant as not getting enough money for it.
5. Thinks its not morally right to drop it down a drain and claim on house insurance, or some such thing.
Sorry but it dont sound good to me ...... whack it on e-bay and what he gets for it, he gets for it... Call it fate if you like.
As they say opinions are like arseholes, everyone has one, and thats mine.
Gary
No slight on the bloke selling this but lets look at the facts .....
1. Ring was given to his wife a while back as a token ready for marriage.
2. Ring was not returned for whatever reason
3. The guy wants to sell the ring now
4. Not happy with putting it on E-bay or through a local jewel merchant as not getting enough money for it.
5. Thinks its not morally right to drop it down a drain and claim on house insurance, or some such thing.
Sorry but it dont sound good to me ...... whack it on e-bay and what he gets for it, he gets for it... Call it fate if you like.
As they say opinions are like arseholes, everyone has one, and thats mine.
Gary
