selling on ebay -diamond ring

meishka

Hi!

I have just won a gold diamond ring, the comp which was advertised on a few websites stated that it was worth £599 /RRP worth £599. I have taken it to two jewellers who are a bit vague when I ask them the value but will give me £150 if I want to sell it to them. I would like to sell it on ebay but have no certificate with it although I have emailed the site hattongardenonline to see if they would give me one and have had no reply. I have the orginal web page where it was being sold for £599, question is I don't want to rip anybody off but would obviously like to sell it, do people think it was originally worth the £599?

soolin

Hi!

I have just won a gold diamond ring, the comp which was advertised on a few websites stated that it was worth £599 /RRP worth £599. I have taken it to two jewellers who are a bit vague when I ask them the value but will give me £150 if I want to sell it to them. I would like to sell it on ebay but have no certificate with it although I have emailed the site  hattongardenonline to see if they would give me one and have had no reply. I have the orginal web page where it was being sold for £599, question is I don't want to rip anybody off but would obviously like to sell it, do people think it was originally worth the £599?

If you are being told by jewellers that they will give you £150 for it then that is probably nearer the true price that an RRP which is, don't forget, just the manufacturers suggested retail price.

Auction world (on the TV) recently had problems because they used the RRP as a 'market price' when In fact the items they were selling had a value considerably lower than the RRP. (See yesterdays Daily Mail for more information on that particular scam).

Selling fine jewellery on ebay is a risky business if you are not an expert. It would be better to list it with the exact details rather than rely on the RRP to sell it. Mention the weight iof the gold and the weight or carat of the diamond together with its cut and purity, in fact mention anything that you know for sure about the ring so that a buyer can make their own mind up as to its worth.

You could mention that you have been given the ring, or won the ring and believe that the RRP is £599, but make that a minor mention, don't make it a big selling point as otherwise the buyer could claim back on the basis that he hadn't bought what he expected to buy.

Other things to remember will be to factor into your starting price the large selling fees that this auction will attract, and also the paypal charge. Remember when quoting for post and packing you will need to quote for an insured and signed for method of delivery to cover yourself against paypal chargebacks.

Soo

scheming_gypsy

If you are being told by jewellers that they will give you £150 for it then that is probably nearer the true price that an RRP which is, don't forget, just the manufacturers suggested retail price.

That depends on the jewellers plans for it. If they're buying to sell on they'll be wanting to make a decent sized profit on it so the price could be nearer the £599 mark.

Hintza

Why not get it valued for insurance purposes?

That should give you a closer figure.

I once had an engagement ring (long sad story) took it the auction houses and they valued it. I then gave it back to the jeweller (family jeweller) to sell for me.

Made a turn which was nice.

Hintza

One tip.........

Never ever buy new jewellery...you will be getting ripped.

I always bye antique/second hand or stones and then have them set.

Mark up could be over 100%

cattie

Why not get it valued for insurance purposes?

That should give you a closer figure.

I once had an engagement ring (long sad story) took it the auction houses and they valued it.  I then gave it back to the jeweller (family jeweller) to sell for me.  

Made a turn which was nice.

The thing to remember with the insurance valuation is that this figure will always be much higher than the actual price the article of jewellery will realise when being sold. There is often a vast difference

I have a diamond ring with an insurance valuation of nearly £1000, but know it may only ever realise less than half of that price should I ever wish to sell it.

soolin

Insurance value is usually 30-50% higher than true value. In the end though ebay prices are set by the buyer so it is worth what someone on ebay will pay for it, not more or less.

Soo

steve257

meishka,

Try putting RRP in the title ie ".... RRP £599" ... add somewhere in text that it is an unwanted gift ... and also provide a link to the page where it is selling for £599 ... people will visit site and see that it indeed is retailing for that amount.

sleepy