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Best place to sell a diamond ring #8490409 12/30/21 05:30 AM
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Buzzsaw Offline OP
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Long story but I have acquired an engagement ring and want to sell it. I know I'd get skinned at a place like The Dallas Gold and Silver Exchange or pawn shop. It appraised for a little over $7,000. I have the GIA Appraisal
I have no idea about the diamond market. Where would you focus to sell more max $$ ??


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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490416 12/30/21 05:47 AM
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That’s $7k retail. Most places are willing to pay 50% of that value because it could take months or years to resell. Others will look at the just the precious metal and diamond values.

See what input you get on here. Then take it to several pawn shops and locally owned Jewlers. See what they will give you. Appraisal is replacement value. You will be selling at wholesale unless you can find someone at the consumer level wanting the ring.


To be determined
Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490419 12/30/21 05:56 AM
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Originally Posted by Buzzsaw
Long story but I have acquired an engagement ring and want to sell it. I know I'd get skinned at a place like The Dallas Gold and Silver Exchange or pawn shop. It appraised for a little over $7,000. I have the GIA Appraisal
I have no idea about the diamond market. Where would you focus to sell more max $$ ??


let's see it, ya never know.


Yes! A Weatherby does kill them deader.
Re: Best place to sell a diamond ring [Re: HWY_MAN] #8490420 12/30/21 05:58 AM
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Originally Posted by HWY_MAN
Originally Posted by Buzzsaw
Long story but I have acquired an engagement ring and want to sell it. I know I'd get skinned at a place like The Dallas Gold and Silver Exchange or pawn shop. It appraised for a little over $7,000. I have the GIA Appraisal
I have no idea about the diamond market. Where would you focus to sell more max $$ ??


let's see it, ya never know.


Yes put it on here and TFF classifieds. Be ready to share the GIA.


To be determined
Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490478 12/30/21 11:34 AM
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Wear it as an earring. You can can get away with it and will fit in better at shooting competitions.

Re: Best place to sell a diamond ring [Re: TurkeyHunter] #8490484 12/30/21 11:45 AM
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Originally Posted by TurkeyHunter
That’s $7k retail. Most places are willing to pay 50% of that value because it could take months or years to resell. Others will look at the just the precious metal and diamond values.

See what input you get on here. Then take it to several pawn shops and locally owned Jewlers. See what they will give you. Appraisal is replacement value. You will be selling at wholesale unless you can find someone at the consumer level wanting the ring.

up


I agree you will be lucky to get 3500 for it.

Put it on Facebook Marketplace

Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490491 12/30/21 11:58 AM
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Put it on Ebay with a reserve price or a starting point that you would be ok with . I've read in the metal detecting forums about some of them putting their finds on there along with a copy of the appraisal. Some of them claim to have gotten the appraised value. Keep in mind Ebay is taking around 12% for their cut so adjust your price to compensate for that.


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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490498 12/30/21 12:08 PM
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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490503 12/30/21 12:24 PM
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Are you not suppose to give it back when you say no? grin

Last edited by Superduty; 12/30/21 12:27 PM.

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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490510 12/30/21 12:48 PM
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worthless


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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490513 12/30/21 12:54 PM
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Couldn't get the car loan so now your accumulating cash for it?

Re: Best place to sell a diamond ring [Re: don k] #8490532 12/30/21 01:22 PM
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Originally Posted by don k
Couldn't get the car loan so now your accumulating cash for it?

Dang close Don !!


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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490546 12/30/21 01:48 PM
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Keep it. Start a new trend. Diamonds are a mans best friend.


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Re: Best place to sell a diamond ring [Re: bill oxner] #8490560 12/30/21 02:04 PM
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Originally Posted by bill oxner
Keep it. Start a new trend. Diamonds are a mans best friend.


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Re: Best place to sell a diamond ring [Re: Superduty] #8490581 12/30/21 02:23 PM
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Originally Posted by Superduty
Are you not suppose to give it back when you say no? grin




clap

Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490624 12/30/21 03:01 PM
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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490630 12/30/21 03:04 PM
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Size? Cut? Pic?

May be a THF raffle item. Football pot, 25 dollars a square. For Buzz’ charity of course.

Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490632 12/30/21 03:06 PM
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Appraisals are for insurance purposes and not what the real world value is. No way you’ll get close to even real world retail. I would say 1/2 is a good price.

Re: Best place to sell a diamond ring [Re: Buzzsaw] #8490639 12/30/21 03:10 PM
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I cant help on the value, but if I was in your position, I wouldn't hesitate to go to Beasley's in Lewisville. Ask for Lisa. No one will treat you more fair or be more honest. If she cant help, she'll point you in the right direction.


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Re: Best place to sell a diamond ring [Re: jrfan] #8490685 12/30/21 03:52 PM
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Originally Posted by jrfan
I cant help on the value, but if I was in your position, I wouldn't hesitate to go to Beasley's in Lewisville. Ask for Lisa. No one will treat you more fair or be more honest. If she cant help, she'll point you in the right direction.

They are downtown on main, correct? The place with all the taxidermy? Never been in there, driven by a million times.
Thanks


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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8492060 01/01/22 03:17 AM
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or you could make a belly button ring out of it...

Re: Best place to sell a diamond ring [Re: Buzzsaw] #8492095 01/01/22 03:52 AM
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How did you end up w said ring?

Re: Best place to sell a diamond ring [Re: Buzzsaw] #8492127 01/01/22 04:20 AM
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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8492317 01/01/22 02:21 PM
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Maybe it'll make an awesome Prince Albert?

Or through the nose.


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Re: Best place to sell a diamond ring [Re: Buzzsaw] #8492348 01/01/22 02:55 PM
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Try it on another woman.


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