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Old 08-17-2015, 01:10 PM   #1
droopydrew19
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Question Where to sell an engagement ring?

I'm hoping someone in the vast CP community could give me some advice so I can pass it on to a friend of mine.

Her marriage ended two years ago and she has been sitting on an engagement ring that was appraised at a few thousand dollars.

She is now looking to move and is wondering how to go about selling it to help offset her moving costs.

Anyone have any experience with this? Where can you sell jewelry for more than just pennies on the dollar?

Last edited by droopydrew19; 08-17-2015 at 01:21 PM.
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Old 08-17-2015, 01:11 PM   #2
Regulator75
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Pawn shop? Kijiji?
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Old 08-17-2015, 01:20 PM   #3
me_dennis
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Just a heads up, the appraised value on the appraisal certificate is worth a lot more than the ring actually is worth.

As for your original question, there is a website called I Do Now I Don't https://www.idonowidont.com/
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Old 08-17-2015, 01:22 PM   #4
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Quote:
Originally Posted by droopydrew19 View Post
I'm hoping someone in the vast CP community could give me some advice so I can pass it on to a friend of mine.

Her marriage ended two years ago and she has been sitting on an engagement ring that was appraised at a few thousand dollars.

She is now looking to move and is wondering how to go about selling it to help offset her moving costs.

Anyone have any experience with this? Where can you sell jewelry for less than pennies on the dollar?
When I was looking to purchase, I investigated this site: https://www.idonowidont.com/how-it-works

It seems that they attempt to be a broker for those who don't want to get skinned returning it to the jeweler or a pawnshop and to those who want a nice sale price on their ring.
"Typically sellers receive between 50-75% of the retail price for their item. Far better than a retailer, auction house, consignment or pawn shop can pay."

That said, I am not sure how quickly units sell, as you basically have to wait for a potential bride-to-be to have the same finger size and want the same type of cut etc.

Worth a shot perhaps...
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Old 08-17-2015, 02:07 PM   #5
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Have you tried the alley behind crackmacs?
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Old 08-17-2015, 02:11 PM   #6
alan21
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Just have her keep it and advertise herself on dating websites as "comes with own ring".
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Old 08-17-2015, 02:39 PM   #7
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I used idonowidont to sell my wife's old ring.

I took the ring back to where it was originally purchased, and they offered less than half of what it was originally bought for, which was about 1/4 the "appraised" value. Crooks. Appraisals aren't worth the paper they are printed on in terms of resale.

I sent the grading certificate and the ring specs to idonowidont for an appraisal (make sure you have one from GIS, if you bought the ring from a half decent dealer it will be GIS certified). Their offer was higher than what I could get locally, PLUS it was US funds. I ended up selling it for around 35% higher than what I could get in Calgary.

I couriered the ring to Idonowidont, and the day they got it they couriered a cheque back to me. It was really easy to do; took about 7 days.
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Old 08-17-2015, 04:45 PM   #8
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Since Tron seems to have answered the op, I'd like to ask...


I've never proposed to anyone, so I've never really thought about this, but if the woman says yes, and then changes her mind after getting the ring, shouldn't she just give it back? Staying away from situations like 'he cheated while they were engaged', just simply that she realized that his back hair repulsed her a couple months after accepting, should she give it back or not?
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Old 08-17-2015, 05:48 PM   #9
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LOL.

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Old 08-17-2015, 05:54 PM   #10
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LOL.

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Hey! My father is from Tuscany! Luckily, it's not too bad.
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Old 08-17-2015, 07:58 PM   #11
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Quote:
Originally Posted by 4X4 View Post
Since Tron seems to have answered the op, I'd like to ask...


I've never proposed to anyone, so I've never really thought about this, but if the woman says yes, and then changes her mind after getting the ring, shouldn't she just give it back? Staying away from situations like 'he cheated while they were engaged', just simply that she realized that his back hair repulsed her a couple months after accepting, should she give it back or not?
Yes, by accepting the ring the women is agreeing to marry. If she changes her mind she must give it back. Divorces are different and guy would have to ask for it in the settlement. It's all moot as they are worthless second hand.
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