Selling a diamond ring -WPdiamonds.co.uk

rajsc

Any advice you could offer would be much appreciated.

I have a diamond engagement ring (excellent diamond, 0.55 D VVS2 set in platinum) and a platinum wedding band that I am looking to sell following a failed marriage.
I have tried the company I purchased this from and they offer just over 1/4 of what I paid for them.
I have seen a company online (Birmingham based) called WPdiamonds.co.uk
Has anyone seen/used/heard of this company? Their telephone estimate was higher than the valuation I received from the company that made the ring by a couple of hundred pounds!
An online company for items like this just makes me a little concerned...any thoughts???
Thanks in advance for your help!

bluenoseam

Normally I'd say go with your gut instinct, no offense like but that's going to be a fairly sizable risk in sending it to a company you're unsure of, best to stick to a company you can trust (and more importantly get payment for immediately!).

pimento

Ebay?

http://www.ebay.co.uk/itm/Platinum-Full-Eternity-And-Engagement-Diamond-Ring-Bridal-Set-/191041495330?pt=UK_Jewellery_Watches_FineJewellery_CA&hash=item2c7af5e122

alwaysonthego_2

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cootuk

That street is full of jewellers/watch repairers so the company is probably legitimate. It could be they reduce the offer once they actually see the ring.
Was the offer guaranteed or an estimate based on your description?

(I only know of the street as there's a Ecodrive watch repairer on Ebay along that street, so previously streetmapped them to see where they were)

paddyrg

If we're talking proper money here, get yourself to the Jewellwery Quarter in Birmingham and go to a few of the places that buy. Competition is high, expertise is high, and you can't be held to ransom/lowballed - you'll get a fairer price.

Hintza

Or stick it in a bricks and mortar auction house. I sold a ring a number of years ago and just left it with the family jeweller to sell for me.

halibut2209

They will offer a price, then when you send it to them they will drastically reduce that offer and then charge you if you want them to send them back.

InsideInsurance

rajsc wrote: »

I have a diamond engagement ring (excellent diamond, 0.55 D VVS2 set in platinum) and a platinum wedding band that I am looking to sell following a failed marriage.

Is the band just plain? What width? Are any of them engraved? Which organisation certified the stone? What price have you been offered?

If its a few hundred pounds difference as you say then get yourself to a jewellery quarter and deal with them face to face

TonyMMM

An actual value of 25-30% of the retail price would be quite normal.

hollydays

They classify themselves as a wholesaler, they have branches in ny and Barcelona.
I expect until they see the clarity of the diamond they won't be able to accurately quote.
Your best bet is to try to sell it yourself , handing over personally.