Where to sell a diamond ring?

MartialArtMan · 10 July 2019 at 5:05PM

I’ve been trying to sell a diamond engagement ring but I’m having no luck. It’s on eBay at the moment and has been for about a month, I’ve tried the local pawn brokers but they’re not buying at the moment and I tried an online broker but they wasn’t interested.

The ring is a platinum solitaire 0.25c diamond. It was £1299 from Samuels.

Any advice on where to go to get a good price?

lincroft1710 · 10 July 2019 at 6:39PM

No "bricks and mortar" jewellers near to you who buy secondhand rings? Dismiss the idea of a "good price", new jewellery is very heavily marked up, so the trade won't be offering much money.

soolin · 10 July 2019 at 6:52PM

MartialArtMan wrote: »

I’ve been trying to sell a diamond engagement ring but I’m having no luck. It’s on eBay at the moment and has been for about a month, I’ve tried the local pawn brokers but they’re not buying at the moment and I tried an online broker but they wasn’t interested.

The ring is a platinum solitaire 0.25c diamond. It was £1299 from Samuels.

Any advice on where to go to get a good price?

Firstly you need to consider whether you are being realistic with your price, you are probably looking at around half the original purchase price - if you are lucky. You could try an auction house, but get quotes for costs as you could easily end up paying between 25-40% of the hammer price in costs.

You are unfortunately up against brand new small diamond solitaire rings like this for under £500

https://www.hsamuel.co.uk/webstore/d/9923136/9ct+white+gold+quarter+carat+diamond+solitaire+ring/?cm_mmc=SEM_Google:HS%7C%7CDiamonds%7C%7CDiamond%20Rings%7C%7CMedium:HS%7C%7CDiamonds%7C%7CDiamond%20Rings%7C%7CDiamond%20Rings:9923136&gclid=EAIaIQobChMI77zijvWq4wIVE57VCh0a0QsKEA0YBSABEgJbk_D_BwE

soolin · 10 July 2019 at 6:54PM

I don't know why my link doesn't work, but look at Samuel online, 0.25ct solitaire diamond ring £499 Product code: 9923136

MartialArtMan · 11 July 2019 at 12:53AM

Thanks for your input. Just had a look on Samuels and the cheapest platinum ring is the one we are trying to sell....regardless of that I know that we are realistically looking somewhere between £100 and £300 (absolute bargain really, why does anyone even buy new!!!?)

Considered Vintage Cash Cow, has anyone had any experience with them?

ndf9876 · 19 July 2019 at 10:01AM

My wife sold some old jewellery to one of the shops in the lanes in Brighton. Not saying she got the best price for it - far from it - but like you, eBay was proving a dead end and she just wanted rid of the stuff.

One of the rings was platinum, and part of the reason she was given (truth or sales patter I can't say) was that it's a very difficult metal to re-work.

Where to sell a diamond ring?

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