To sell my engagement and wedding rings?

[Gretais]

Awaiting a divorce. My engagement ring and wedding ring are just sitting idle. Would it be awful to sell them?

Maskin I absolutely agree. My earrings were from a shop that didn't add a couple of hundred quid for a nice box and a ribbon and I’m still shocked by the trade in price

I sold mine after DH left and immediately stopped paying mortgage/bills etc. I needed to feed/keep a roof over our DC’s heads etc so both went. Didn’t get what they were worth but covered a month’s outgoings which was unbelievably helpful at the time.

Diamonds are not a girl’s best friend.

You’ll have to pay for a valuation then your best bet is to sell privately eg eBay. You’ll be lucky to get half the retail price. I’ve sold a fair bit of jewellery this way and got somewhere between a third and a half what was paid. Kept the wedding ring though, it only cost 30 quid in the first place.

sold both of mine ... bought myself new shoes! :)

If he paid for the engagement ring, surely you should give it back to him?

Sold mine. Paid for Christmas without having to worry about it.

I got a great price for my wedding ring with a diamond in. And for the engagement ring.

Never regretted it.

Agree about 20%

You can get more at auction

Gold is at a very high price at the moment, so it might be worth looking into.

I sold my wedding ring - well in fact the jeweller took it as payment for repairing another ring I liked. This was 16 years ago. My engagement ring I hadn't worn since as it also needed repair. I took it in a couple of months ago and was told that all the claws (and there were loads) needed replacing and it would cost hundreds. It was only a garnet (couldn't afford a ruby in 1974!) and the diamonds were only chippings - so tiny I didn't even know two were missing! The jeweller advised me that the ring was "at the end of its life" - so I put it out of its misery - thirty quid! These cheap rings eh?

@AlmostAJillSandwich. All gifts are your own to do as you wish with. I certainly was not giving my ex back my engagement ring. After a good few years of constant cheating - I felt I had earned it.

I weighed mine in.
It felt great, go for it.

Can I ask what might be a daft question? If jewellery is worth (relatively) little when it’s resold and - other than the fact that it’s secondhand - hasn’t changed in anyway, why is it so expensive to purchase originally?

I sold through an auction house. Free valuation. Put a reserve and did better than expected.

There is a HUGE markup on jewellery, especially new. Also, I think I'm right in saying that although VAT is payable on new jewellery, there is no VAT on secondhand.

Retail jewellery is 50% markup that’s why it’s usually cheaper and better quality if you have something made by an independent jeweller instead of buying from likes of h samuel or wherever.

Value of the jewellery would depend on condition, cut, colour and clarity of stones - certificated stones will get more but then it depends on who did the certificate.
GIA grade to the strictest standard and those stones are more valuable than ones graded by EGL or IGI

I sold both rings which were languishing in a drawer and hold no sentimental value and used the money to repair some cherished jewellery. I've kept an eternity ring for emergency purposes 👍. If they are serving no good purpose get rid. They are worth no money to you hidden away.

Look for second hand jewellers who will sell on as complete ring. Market Jeweller gave me best price.

The metal won’t be worth much.