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Original poster

Selling wedding and engagement rings?

19 replies

crispypancakeswithcheese · 14/07/2023 14:32

I'm looking into selling my wedding and engagement ring. Does anyone know the best way to do this please?

OP posts:

DataNotLore · 14/07/2023 14:33

Following as I need to do this too

HrtIsItWorking · 14/07/2023 14:36

U will get next to nothing for them no matter what they cost in the first place....obvs something with the Kohinoor diamond in being the exception

WeAreTheHeroes · 14/07/2023 14:37

Unfortunately most modern secondhand jewellery isn't worth what you paid for it. You might get the gold weight or something for the stones if they and good or if it's by a sought after jeweller, etc. In other words you might get very little for it, wherever you tried to sell it.

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WeAreTheHeroes · 14/07/2023 14:37

*if they are good

Northernmumoftwoboys · 14/07/2023 14:40

I went into a jewellers that bought gold for an estimate. I had my ex's gold band (he didn't want it) and was offered £60. My 18c gold engagement ring was previously valued at £1k for insurance but I was offered about £250. I would say as a rule, expect 20% of the value. I'm going to try a few other places before I accept an offer.

LividHot · 14/07/2023 14:45

I've shoved mine on my right hand for now.
They still look pretty and it'd be a shame to get £30 or whatever for them.

LadyBird1973 · 14/07/2023 14:47

Maybe sell it on eBay with a reserve price. Someone might buy it from you if it's less than a jewellery shop would charge, but for more than you'd get from selling it to a retailer.

OddsOn · 14/07/2023 14:48

My friend was trying to sell her engagement ring, to buy new would be at least 4k. The jeweller was very honest and said they. would only give scrap value and that for such a lovely ring it was best to try an auction house.

ToWonderWhyIBother · 14/07/2023 15:02

My step daughter has just had a price for her 1600 engagement ring that was only 6 months old and the highest price was £85.00. Either get them melted down and remade into a ring or a pendant that you will enjoy wearing or hang on to them. I've suggested to my SD to do that as the diamonds are good quality and £85.00 is an insult in my opinion

DataNotLore · 14/07/2023 16:06

Oh this is depressing.

Why is it so expensive to begin with?

kannnet96 · 14/07/2023 16:10

DataNotLore · 14/07/2023 16:06

Oh this is depressing.

Why is it so expensive to begin with?

Cause they know people will pay it. It's a scam really

Redlarge · 14/07/2023 16:14

I had a 1ct 18kt white gold ring. Was offered £75 for the gold. Was told they only want the gold.
Sold it on vinted for £500.
Was £1800 new.

WhatADrabCarpet · 14/07/2023 17:13

Much of the jewellery sold right now really isn't worth what people pay for it.

The trouble is , unless you've bought from a famously named, high end jeweller, it's barely worth more than it's melted value yet people are prepared to spend thousands on a ring and get it insured at the full price.
If you no longer want or like it, you'll only get scrap value, not what you paid for it.

It really is a scam.

Just buy a pretty ring that you like, not because of its price tag.

columbuwoo · 05/02/2024 09:14

This reply has been deleted

This has been deleted by MNHQ for breaking our Talk Guidelines.

ThatHardyTealDuck · 27/12/2024 06:39

You could try selling it through a jewelry store, online platforms, or an auction house, but getting the ring appraised first is a smarter move!

Westfacing · 27/12/2024 06:50

I sold mine in a long-established family jewellers a couple of years ago - they were bought in the 80s.

Can't remember what I got as sold a few other things at the same time, but was paid whatever the going rate for gold that day for the wedding ring, they weight it; and also a few hundred pounds for the diamond and ruby eternity.

So not very much but was glad to get rid of them as they'd been unworn for many years!

Whohasnickedthesellotape · 27/12/2024 06:52

Get them valued but if you sell you'd get offered scrap value or go to auction - and maybe you'll get 10% of bought price if you're lucky. Jewellery is a rip off - they know people will pay top whack for engagement/wedding rings but you won't get the money back if you resell.

I inherited rings from my nan/MIL/ DM that are not to my taste but had the stones remade into another ring that was in a style I like and would wear.

littlelandlord7 · 27/12/2024 07:07

Hatton garden metals

Cottonheadedninhymuggins · 27/12/2024 07:12

Like others, I was offered a few pounds for some inherited jewellery a few years ago. I then found a localish independent jeweller where they offered to clean the items (which I paid for), then they put it up for sale in their shop for a period of 6 weeks. Anything sold, we split the profit anything not sold was given back to me. This worked well. I got a bit more than what others were offering.

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