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Ring value?
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allthe7s
Posts: 187 Forumite

I was filling a bit more of the form out for BR yesterday and it asked for any valuable jewellry to be listed, I have a ring that was 1900 new but I've been wearing it for nearly a year, where can I take it to be valued? Will a second hand jewellers do it? Or is that not seen as accurate enough?
Thanks in advance
Thanks in advance
Preparing to go bankrupt April 2020
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Comments
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That's a tough one..they usually look to take single items of £1000 or more your ring may have increased in value.
People have given up engagement rings which is very sad.0 -
How would the OR discover your 'little white lie'? That is what I want to know!!
(Just to add that deceiving the OR is a criminal offence!!)
I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
There's a big difference in 'insurance' value and 'sale' value of second hand jewellery. In the case of the former, it's more like the cost of a similar replacement. In the latter, it's normally just the scrap value of the gold/gemstone.
Perhaps take the ring to a couple of jewellers and ask how much they would give you for it?
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Willing2Learn said:How would the OR discover your 'little white lie'? That is what I want to know!!
(Just to add that deceiving the OR is a criminal offence!!)0 -
mwarby said:Willing2Learn said:How would the OR discover your 'little white lie'? That is what I want to know!!
(Just to add that deceiving the OR is a criminal offence!!)0 -
mwarby said:Willing2Learn said:How would the OR discover your 'little white lie'? That is what I want to know!!
(Just to add that deceiving the OR is a criminal offence!!)
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I think the post about proof of purchase was in reply to the possibility of the ring being *lost *0
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Sorry about that. It was my fault that the 'lost' sentiment came about. I cannot help. I am a cockney rebel mate and it's how we live in the ghetto...I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
The OR will want it independently valued and will ask their agents to do this.
Not sure why there is talk of ‘scrap value’ on a piece of jewellery. It’s not like it loses value like a mechanical item does.0 -
Minkym00 said:The OR will want it independently valued and will ask their agents to do this.
Not sure why there is talk of ‘scrap value’ on a piece of jewellery. It’s not like it loses value like a mechanical item does.
That was my fault. Apologies.
I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0
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