Might trade ring towards bracelet ?

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Phillyfan

O.G.
Nov 25, 2007
6,343
303
#1
ImageUploadedByPurseForum1436887246.308778.jpgImageUploadedByPurseForum1436887264.639748.jpg

I have a GIA cert .50 princess ring in a 14 carat diamond white gold band that was hardly worn. Wondering what my jeweler might give me in store credit if I put towards another item in the store. I can dig up receipts to see what I paid. I'm guessing around $3,000 plus tax. What is a reasonable amount to expect? I'm sure they will sell as new and not melt it down.
 
#2
What you paid is going to be irrelevant to the jeweler. He is going to care if he can resell the stone. I suspect your setting will get scrapped or returned to you. IF he takes the entire ring in, it might be about 1/3-1/2 max of what you paid.
 
#4
When DH and I were shopping for a stone to upgrade my e-ring, no one wanted my .71 ct square radiant. They all said it was too small. So I kept it and am getting it reset to wear as a RHR. I'd keep it if I were you. Maybe set it in a pendent like a DBTY style.
 
#6
It's always better IMHO to have larger stones versus several little ones. I wouldn't have sold the ring. You will never get what you pay for a ring back when it's resold. Sad but true. I on board with having the stone reset into a pendant. Good luck!
 
#7
A jeweler can't sell it as new if it's pre-owned. If they buy the whole ring, they will pop out the stones & resell the princess or use it in another setting. Possible use the accent stones in another setting. The gold will be melted down. It won't matter how much you paid for it when you bought it. You'll probably only get about 1/3 of the value. Personally, I would keep it & have the stones reset into something else. Perhaps a halo pendant. If there are enough of the smaller diamonds, you could get another princess stone & have earrings made. Depends on how much you want to spend to have it reset.
 
#9
Phillyfan said:
ame - if it was your ring, would you keep it? I can tell you what the GIA says if you are interested!
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Phillyfan said:
They offered me $1000 for whole ring. ame was right on! I did not sell . Not being impulsive today!
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Yea, not worth it at all. I would not sell it, and I am glad you wouldn't either. Keep it and pass it on later.

Diamonds don't retain their retail value, nor does a jewelry piece. Branded stuff can, but doesn't usually. Much like cars, these things depreciate immediately upon exiting the store. Appraisals are for insurance valuation only. They are not for resale, not to tell you what anything "is worth" in those terms. They're simply for if something were to happen, this is what you'd have to pay out of pocket to replace it. Nothing implied for resale.

Resale is a whole different animal. A jeweler can get a stone/ring new for less than he can pay you, plus he knows the whole chain of where that item came from. He can't prove that from someone off the street. He's not going to risk taking something in with a history he knows nothing about and can't easily unload.
 
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