Hi Ozb,
I have a diamond engagement ring I bought a number of years ago for my special lady. Turns out she was someone else's special lady too.
Long story short, I got the ring back and am now looking to convert it into as much cash as possible. It was purchased for around $5k. Set in a white gold band. Still have the GIA diamond certificate.
Of course not expecting to get back what I paid for it, but any tips on how I can still maximize my ROI would be much appreciated.
For maximum ROI I'd find another special lady.
what happens when she finds out it belonged to another woman.
WOman are not very logical when it comes to someone else's diamonds. My uncle gave his wife his old girlfriend's diamond ring and she was so happy to accept it because they were in love and weren't that well off.
professional bargainer will re-use the engagement ring for your next special lady as engagement ring
Maybe after the OP was F&*^%ed over by ex gf he's not wanting to repeat the performance with a newer model, therefore selling is best option and use the cash for better things like man cave stuff?
Man cave stuff sounds good.
:'(
Bloody Adam. I hate that guy.
You'd be lucky to get even half back unfortunately. I'd guess maybe $1000. Better off keeping it for later on in life.
Re-setting the stone is probably the best value you can get (for later use)
This is actually the best idea. Doesn't have the stigma of re-gifting it, avoids the huge loss OP would take on the diamond.
This is sound advice, and actually an option I never really considered.
How about gold jewelry? What's the best way to convert that to cash?
Agree with the above. There’s plenty of places to sell the gold, keep the diamond for next time. If you really have to sell the diamond I’d approach a private jeweller to see if they were interested - you’d expect a loss of some sort going down this path though.
You probably won't get anywhere near the price you paid, I've worked at a number of jewellery stores. How many ct's is it? Clarity? 1 stone or many?
I reckons diamonds are one of the most "over-valued" items of all. You can buy a piece of diamond jewellery for (say) $2,000 and it will come with a valuation certificate for (easily) $5,000. Check out the items on the Cash Converters website to see what I mean.
What details doe the GIA certificate have for the stone?