To sell my nans ring(passed on to me) to fund a much needed holiday?

[happyandsingle]

Basically this.Have an old diamond ring passed down from my mum it was originally my nans.
Have worn it for years but basically it only fits on one finger(that I think is meant to be the engagement finger or so I've been told) and I am most definitely single!.
It's a nice ring but my dilemma is I'm desperate for a holiday abroad next year for me and my dd.
It's been a shit couple of years and I've had one holiday in ten years paid for by my mum.
I could save but basically on my budget it would be very tight and would mean sacrificing a lot.
My idea was to pawn the ring to get the money for the holiday. I would probably feel guilty but on the other hand I'm sure if my nan was alive she would want me to make the most of it.
My AIBU is do you feel it's a bad thing to do as it was passed down to me? And will I feel guilty after?

I think you know what you want to do, and I hope you can allow yourself to do it! Have a lovely holiday.

Nope. I'd go on the cheapest holiday I could find and keep the ring on my finger and to give to my DD. Even if it was a weekend in a caravan in UK. You can get the coach to somewhere in France, Spain, Portugal or Holland or somewhere fairly cheap for a nice weekend away.

you can reset the stones though

But that's hassle, and time and extra cost. I couldn't be bothered.

I couldn't do it.

Not for £500.

@happyandsingle

I mean you could get it valued, but don't sell it if it's only gonna get you less than a grand. Not worth it. I think you may regret it.

Why ask when you’ve evidently already decided

@happyandsingle you have clearly made the decision so why ask?

Don’t sell as a ring. Go to a diamond dealer, ask how much you’d get for all the stones except one. Get a couple of valuations, find out exactly what you have. Then have that remaining one remade into a ring that does fit you and that you can hand on to your DD.
Hope you get a nice hol.

This is a great idea op

It’s not about the cut though. The value is in the cut, colour, clarity, carat and also whether it’s second hand (which is all antique is). Even if you have a round brilliant, D, flawless, one carat+ diamond, you won’t be looking at getting much for it second hand but it will cost many thousands new.

I think it depends if your mum is alive and whether you have sisters, aunts, and female cousins.

If so you should offer the ring to them if you don’t want it.

Otherwise sell it don’t pawn it but you won’t get much as others have said.

to be really blunt, I don’t think most people feel much sentimental attachment to items from relatives they didn’t really know and weren’t close to tbh.

I don't know, I inherited quite a few things from people I've never met, it does mean something. But I also think life is for living, the chances of needing to escape the country with jewellery hidden in your clothes are pretty slim!

Unlike some posters on here, holidays are the most important part of my year, I can't imagine not taking my kids away.

So, I would get an estimate first.

I'd have an idea in your head Of the minimum you'd sell for and if you get what you need then go for it.
A lovely holiday will mean so much more to your daughter and I think you're getting harsh replies on here.

I personally wouldn't sell it - with family heirlooms you don't really own it, you're just the temporary caretaker really. It belongs to your daughter as much as you. In dire straits yes of course, but not for a holiday.

Bit unrealistic to expect every item which holds some sentimental value to someone should be passed down the family line forevermore... where does it end? Some poor sod with a box full of stuff they don’t care about from people they never even knew?

@Pootles34 and you would have paid significantly more than the person who sold it.

I’m not sure I’d be able to do it.

You might as well get it valued though.

If so you should offer the ring to them if you don’t want it.

No, it's yours, you don't have to give it away. The others probably have their own items anyway.

Ew, no.

If it meant the difference between eating or not or hearing or not, I’d say go for it. But for a holiday, no. Two weeks in the sun will be over in two weeks and you’ll be back where you were, only without a valuable piece of family jewellery.

At the moment you are considering a hypothetical situation, because you only know the sentimental value not the cash value. I would advise that you take it to a good quality jeweler - the best, non-chain that you can find near to you. I would say that you are considering having it altered, but you are not sure that it is worth it. They should be able to give you a value based on the size, cut and quality of the stones.

Diamonds do not increase in value due to age, because they are all really old before they are cut and mounted in a ring! However, older rings can have older cuts which can impact badly on their value. How white and sparkly is the ring?

If you pawn it you'll probably get enough for a day trip to the end of your own road

This is why I love mumsnet

Do not take it to a pawn shop for a valuation!

Heating not hearing!

The markup on most new jewellery is insane, over 50% - you only find that out when you go to sell.

Any idea what karat gold it is? Most rings only have a few grams of gold in them (in pure form)

By all means look into it, but unless you have something really rare from a top jeweller I doubt you will get much.

Feel free to look into it, but I think you will come to the conclusion it is better to keep it for your daughter.

Why are you asking if you've already decided what you want to do? There's no point asking the question then arguing that anyone who disagrees with you, doesn't understand. People do understand but they prioritise differently. That's ok.
If you don't want their opinions then don't start a thread asking for them.

No, it's yours, you don't have to give it away.

No it was her grandmothers and given to the OP in good faith. It’s a family item and there may be other family members who would love it and would be very upset to hear it was sold.