Submitted by Chiefsquanto t3_ywszhb in providence
I have an engagement ring that I no longer am in need of, and I would like to sell it. Does anyone have a recommendation for a local jeweler that I should approach?
Comments
Proof-Variation7005 t1_iwlmhz9 wrote
That's a clever AF domain name
Chiefsquanto OP t1_iwlmx17 wrote
thank you! I just listed it
zedd_is_dedd t1_iwlnnn8 wrote
Best of luck!
overthehillhat t1_iwnh1x0 wrote
This is way better than hawking it on the sidewalks of Providence - - -
GotenRocko t1_iwl7tdl wrote
Well first off don't expect to get anything close to what you paid for it, engagement rings have a huge markup as they prey on emotions and sentimentalty. All the places around will give you around the same price I found when I tried to sell my brothers ring for him a few years ago. So go to a few and see who gives you the best price. Iirc pawn shops were a bit higher than jewelry stores. If you want to get more of your money back sell it yourself on Craigslist or marketplace, do cash only and meetup at the police station to avoid scammers. But again don't expect to get anything near what you paid for it.
Chiefsquanto OP t1_iwl8nad wrote
thanks for the advice. Yeah I'd be happy to even just get half of what I paid, not expecting much. Just trying to get it off my hands once and for all!
GotenRocko t1_iwl90o5 wrote
Half is probably aiming too high honestly unless the market for it has changed. The diamond is basically worth nothing it's the gold the places will pay for.
Sweet_Ad5377 t1_iwl9clk wrote
How many carrots
kbd77 t1_iwlqfbn wrote
Enough to make a hearty stew
Armageddon24 t1_iwlfddt wrote
Carat
Chiefsquanto OP t1_iwldzal wrote
1.75
Prota_Gonist t1_iwlslyi wrote
Rhode Island Antiques Mall in Pawtucket has on-staff gem and metal appraisers/buyers a few times a week, and they'll pay you cash for it which is a nice bonus.
Chiefsquanto OP t1_iwltr8b wrote
I actually visited that store for the first time this weekend and it was incredible. I didn't even think about them, thanks for the recommendation!
pizzaplantboi t1_iwli9bv wrote
If it’s a mined diamond and not lab grown the resale value will be higher as an FYI
Chiefsquanto OP t1_iwln4s0 wrote
when I was buying it I considered lab grown but I went with mined. not my best moral choice but good to know it is a better investment
pizzaplantboi t1_iwlt92t wrote
Well I hope you’ve been able to move on and start fresh my friend. Good luck with the resale. One of the first steps may be to get it appraised if your original seller never gave you the appraisal papers for insurance.
Chiefsquanto OP t1_iwlts3h wrote
thank you very much!
ozmafox t1_iwmzpom wrote
I sold mine at Reliable Gold. They gave me more in trade value than they would have for cash.
ImpossibleTrick4174 t1_iwn38c5 wrote
Avoid chiefs in Warwick.
phill0406 t1_iwmv882 wrote
pawtucket pawn. They deal in jewelry almost exclusively now.
weednpornnpolitics t1_iwo23xz wrote
Bob mullen the third at mullen bros in swansea will give you a fair price
Phantom5oh t1_iwly8o1 wrote
A friend of mine is a gemologist. When you sell it back to a jewelry store, they usually pay you scrap price for the diamond. They look up the value in a book with a table based on the 4 Cs - Color, Cut, Clarity, Carat.
They then pull it out of the setting, clean it up, and sell it at the retail price. That’s why most jewelry stores give you similar pricing.
zedd_is_dedd t1_iwlezq8 wrote
Use "I do now I don't" (.com). I have no affiliation with them whatsoever but I bought the engagement ring for my fiance from them.....it's basically an online marketplace for used engagement rings/jewelery. I was able to contact the seller of the ring I bought, negotiate, and then purchase through the site. IDNID receives the rings from the seller, verifies the authenticity, and if everything is good they ship to the buyer with the official certification (American Geological Institute)