Best way to sell diamond wedding ring?
December 19, 2009 8:01 PM Subscribe
What is the best, most profitable way to sell my wedding/engagement ring? I'm a little leery of eBay or Craigslist.
I think I'm approaching the stage where I'm emotionally ready to sell my engagement/wedding ring (it is one piece). I've thought about having it made into a different piece of jewelry, but can't really think of anything that I want to wear (and therefore have it remind me of the whole nonsense) and I honestly don't think I want it around any more. I've already purchased a ring to represent my new phase of life, and there's only one diamond so it can't become earrings. I also have two sentimental necklaces from my parents that I always wear, and I don't need another one. Plus, the idea of paying off some debt is more attractive than sentimentality at this point.
The diamond is a little over .75 carat princess cut set on a flat cigar band of white gold. There is an anniversary band with channel set diamonds (they're small) soldered onto either side of the band to make the complete set (so, two identical anniversary bands total). I have the appraisal with all of the relevant details downstairs. I'm thinking we paid around $4000 or $5000 thousand for the whole thing (typing that makes me want to throw up a little 'cause I wound up using the settlement from my car wreck to pay off my own ring...fantastic, no?).
I'd like to get as much out of it as I can so I can pay off the debt that I was left with after the divorce. What's the best avenue to sell it? Independent jeweler? Some other source? I am OK with separating the diamond from the rest of the gold...whatever works. I just don't know who to approach or how to get the best deal. If eBay or Craigslist is the answer, how can I make sure I don't get scammed (I am willing to take a lower price to avoid the scammers)?
I live in Missouri, so I can get to St Louis, Memphis, or Little Rock, AR with relative ease. Any other questions, just ask and I'll answer in the thread.