Whether to sell wedding / engagement rings

maggied_2

I'm mulling something over at the moment, especially with the trillions of adverts for selling jewellery on at the moment!

I have an engagement ring and wedding ring but have been divorced for a few years now. The engagment ring I'm not too bothered about - I never especially liked it anyway (that's not supposed to sound as awful as it does!) but I bought the wedding ring myself and paid quite a bit for it. It's a really nice ring and I was going to keep it and maybe hand it down if I ever have children - not as a wedding ring, just as something old that might be worth more then.

So....
1. Is that weird?
2. Is it worth keeping hold of them?
3. Can anyone recommend the best way of going about this?

Ta x

Mimi_Arc_en_ciel

i would be tempted to ask the person who brought it if they wanted it back but otherwise i wouldnt see a problem in selling it - i would get it valued first tho from more than one jeweller because i think those adverts are a rip off

sneggy

flog it!!!!! do something fun with the money i would hahaha but this is from the girl who`s friends have divorce parties :rotfl::rotfl:

erichamster

I would have thought you much better off going to a jeweller than one of those postal gold things as I think they only give you scrap value? Also although your children may not want it (some people are superstitious about rings that they know have been divorced IYSWIM) it might be nice to think that a new couple might pick one or both of your rings. If it was me I'd rather they go to someone who will appreciate them, which is more likely if you sell them to a jeweller, as if you offer them to family members they may feel obliged to take them when they don't really want them.

jellyhead

I've been thinking about my old engagement ring, but those ads pay for the weight of the gold I think, and my rings have pretty stones and are probably worth peanuts so I am probably just going to keep them for my neice to play dressing up with lol!

jellyhead

When my engagement ring went missing (in a swimming pool, I forgot to take it off!) I bought a ring from a pawn shop because the pool hadn't found my ring before my wedding ceremony. It was one of those 'cheques cashed' little shops. Those might pay you more than the scrap value.

simpywimpy

I recently had a diamond bracelet valued for selling on was offered £250. Its true value to replace was £1500 - jeweller said that people dont want to tie money up in gems at the minute, only gold weight. Got a decent price or two gold only items tho.

Definately worth trying a few places in town for a comparison and to give you a good idea of the going rate before you decide

maggied_2

SW - thanks - they do both have diamonds in but will speak to some jewellers...I know what a poster meant above about rings that have come from a divorce.
Mommyme - I've not seen my XH for about 4 years now and he didn't want the engagement ring back. I bought the wedding ring myself.

hollydays

Someone I know sold a £700 engagement ring on ebay-got about £100 and that was the best price offered.

Horace

If you can get to the jewellery quarter in Birmingham you will be able to sell your ring there, they are also more likely to give you some money for the stone as well. The last I heard was that shops in the jewellery quarter are buying old gold for £9.50 an ounce which is more than these postal gold places pay you.

If you bought the wedding ring yourself have it made into something else that you will enjoy wearing that way it will no longer look like a ring.

maggied_2

Thanks Horace - I'm a couple of hours from Birmingham but might make the trip one weekend. The wedding ring's platinum - any idea how much that might fetch per oz?

I had considered having it made into something else but I don't wear much jewellery and it still would be the ring to me really!