AIBU to want to sell engagement ring

[TheBlueDeer]

I have an engagement ring from a previous relationship, it ended amicably, we are friendly, he has since married and had a child, I’m with someone new.
I’d like to sell my ring as what else am I meant to do with it? It’s a nice one from Tiffany. I could do with the dosh. I mentioned selling and my ex got very upset and suggested I should keep it for the memories.
The memories for me aren’t linked to an item. AIBU to want to sell the ring? Also any suggestions as to where I could sell an engagement ring lol

You’ll lose money selling it. Have it remodelled to something different.

Why did you tell your ex? It is yours and none of his business.

Fellows in Birmingham (auction). Don't tell your ex.

Why did you talk about with it about your ex?

If you want to sell it. Just do it.

Why did you tell him?

I mentioned it to him as we’re still friends and it seemed the respectful thing to do. He’s very rational usually, I didn’t anticipate it being an issue especially as he’s married. I also thought he might want some of the money back which I’d be willing to do if he had.

Sell it.

Yeah sell it!! What’s the point of it gathering dust!! Get a proper valuation for it first.

How big is it? Second hand rings don’t go for much at all, even Tiffany.

If you don't marry, or divorce, most people give it back. But if you've offered your ex and he said no. I guess it's up to you. If you still have some sort of relationship, like friendship, with him I'd not throw it away over this, but if you don't really, that's another issue.

Surely the respectful thing to do is give it back if he purchased it, rather than telling him you were going to sell it?

That would cost money?

Charity donation.

Why would he want it back? When we split I offered to give it back, he said no as it was a gift, and he’s married now

I got mine remodelled and stupidly didn't get a quote first. It cost me ££. I wish I'd sold it for £ instead.

Presumably you like the ring, and it it doesn’t hold any memories for you, why dont you wear it on your other hand?

I’d get a couple of valuations for it before you decide what to do. My friend inherited a lot of jewellery recently and was shocked at the low valuations but real diamonds are a bit taboo these days.

Because she wants the money. Nether mind the fact it’d be weird to wear it when she’s in a new relationship now.

Take it to a local auction house, they will tell you what it is likely to fetch, and you can set a reserve. Just be aware that its going to be an awful lot less that what your ex paid for it, probably a third of original purchase price at best.

I had mine valued when I got divorced - £4.5K new, I was offered £150

It's nothing to do with Taboo it's basic economics.

They can now manufacture diamonds cheaply, therefore they are mass produced so have significantly lost value.

Before: high demand, low supply = pricey
Now: high demand, high supply = reasonable

Now they are mass produced the appeal is lost to the most wealthy and so they will move on to other stones which aren't being man made.

Similar here, £5k new and the highest offer was £200

Return it to him or tell him you have changed your mind. Sorry that you have financial trouble, I hope you find another way through. He bought you a really nice ring, in happier times, to express his love. For you. Respect that memory

Alternatively, you could have it remodeled into a different piece of jewellery, a pendant for instance. There are specialist independent jewellers that do this.

Do you have children who might want it?