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Selling an engagement ring
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pleasedelete wrote: »I took a ring to sell. Recent insurance vert of £10k- had cost about £5k a number of years before. Was offered £600 and specialist jewellery auction reckoned it would get £800. Apparently giant rubies are out of fashion and the only value was in the diamonds and platinum. Wasn't mine luckily.
Therein lies the problem. Insurance valuations just reflect the replacement cost, not what the piece is actually worth if you want to sell it.
I think the OP's friend may be in for an unpleasant surprise.0 -
Do I read it as the ring is only a week old?
Can he not return it to the shop, most engagement rings have this options when bought?Forty and fabulous, well that's what my cards say....0 -
thanks for the replies everyone.
i think i'll set his expectations.
things aren't going well for the poor guy right now0 -
Beaverbrooks rings are generally very expensive for what they are, the stones aren't usually the best quality.
Tiffany & Co rings sell for between a third and half of retail price as a general rule (have bought a few second had over the years) and their diamonds are high quality.
In all truth I think your friend would be lucky to achieve 4 figures. Sorry.0 -
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peachyprice wrote: »No, he bought it late last year (post#1)
Sorry, blonde moment.Forty and fabulous, well that's what my cards say....0 -
Ebay. ......cooeeeeeeeee :j :wave:0
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The reality is since it was a gift, the lady was perfectly legally entitled to keep it, so anything he gets is a bonus.Make £2025 in 2025
Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
Total £915.94/£2025 45.2%
Make £2024 in 2024
Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0
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