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selling a diamond ring on ebay

I have a solitare diamond ring i wish to sell and wondered how to go about it. There seems to be a lot on ebay but mainly from professional jewellers. Its valued at £1800, we were offered £450 from a local jeweller last year but now says the demand is not as great. Any ideas would be much appreciated as the old xmas fund is looking a bit skinny. :doh:

Comments

  • Hintza
    Hintza Posts: 19,420 Forumite
    10,000 Posts Combo Breaker
    I doubt you will get anything like £450 on EBay unless you have a certificate stating the size, purity and clarity of the stone. I would ask a jeweller to sell it on sale or return if I were you, if you just don't fancy selling it direct to the jeweller.
  • soolin
    soolin Posts: 75,001 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Or try a real auction and talk to the auctioneer about a suitable reserve.

    Soo
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • lil_me
    lil_me Posts: 13,186 Forumite
    10,000 Posts Combo Breaker
    Agree with Soo on this one :)
    One day I might be more organised...........:confused:
    GC: £200
    Slinkies target 2018 - another 70lb off (half way to what the NHS says) so far 25lb
  • f1charlie
    f1charlie Posts: 1,228 Forumite
    jase_uk wrote:
    .. a local jeweller last year but now says the demand is not as great.

    That's funny, I caught a bit of the Antiques Roadshow, where a woman had a diamond brooch and necklace, and the expert was saying there was a great demand for diamonds! Of course, I don't know when that was recorded - it may have been a repeat.
    Charlie
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