|
selling diamond ring
I recently just got out of a bad relationship and I no longer want to keep my ring that my ex gave me.. Its real diamonds and bought from Zales Diamond store. Where do you think is the best way to sell this for cash? there's a pawn shop down the road I could go there. Or should I try selling it online at craigslist? what about going to Zales and asking them to buy it from me since he bought it there (I don't have receipt though).
What do you think would be the best option for me? thanks!
[ ]
Want to answer more questions in the Miscellaneous category?
Maybe give some free advice about: Random Weirdos?
Take it to Andrew & Peter Fabrikant Fine Diamonds. They are located in NYC, but if you aren't local you can use their secure and insured shipping. I have used them a few times and always had a great outcome. You wont get what you deserve from a pawn shop.
]
Take it to a reputable jeweler in town that buys gold and see what they'll give you for it. You'll be able to get the penny weight too. Then try to have a friend sell it on e-bay and you'll get double the price of a pawn shop. I hope this helps and good luck.
]
Was it an engagement ring?
If it was just a normal piece of jewellery, then although it might be polite to ask your ex if he would like it back as you no longer want it, you are not required too. As long as it is NOT an engagement ring, then it was an unconditional gift and belongs solely to you. You can do what you want with it and there is nothing your ex can do about it - it is not a crime to sell a gift.
HOWEVER, if the ring was an engagement ring, the question of whether or not the ring is yours or not is a LEGAL question. And the answer is different from state to state, and country to country.
So, if you are trying to get rid of an engagement ring, before you do anything, you need to find out what the law is in YOUR state.
Many states follow the no-fault, conditional gift approach. That means the 'gift' of the ring is given on the condition of a future marriage and if the engagement is broken, the engagement ring goes back to the giver. That means, unless your ex has told you firmly that you may keep the engagement ring, then it is rightfully his. A few states, like Montana, call the ring an unconditional gift - so it belongs the person who received it, whether the marriage happens or not. A whole host of states (Iowa, Kansas, New Jersey, New Mexico, New York, and Wisconsin) all have laws that state the ring belongs to the giver no matter what - even if they are the one who ends the engagement.
Frankly, it's probably safest, both legally and ethically, to return an engagement ring to your ex.
Any other ring, is just a gift of jewellery, and you may do with it as you choose, although depending on the situation, returning it might be the kindest course of action - you're really not going to get much cash for it anyways.
]
This is one time I disagree with Zane. The ring is your to do as you wish with. It was a gift from your ex to you. There is nothing that says you must give it back to him. Of course if your ex is still paying on it and stops the payments the credit company may want it back. That though is between your ex and the credit company.
As for selling the ring. My son broke up with his GF and she did return the ring. He took it back to Zales and they offered him about a third of what they sold it for. The mark up on Jewelry is astronomical as much as two, three or four times what the Jewelry pays for the stones and the settings.
I doubt you will need the receipt as for one thing the Jewelry stores are familiar with this problem. For another you will not get nearly what the ring is valued at. If you want to get close to the rings true value you might want to try selling it on something like eBay.
]
If your ex told you can keep the ring then you are free to do whatever you want, Make sure you have the permission first if you don't then the right thing is to give him the ring back. If you don't he could very well take this too court and charge you with stolen property.
Zales will not take a ring that has already been bought from the company, They most certainly won't take it back without a receipt. If you sell it too a pawn shop you can get cash for it but you likely won't get half of what he originally paid for it. Pawn shops aren't top dollar, I sold a 300 guitar once and got maybe 50 bucks for it. That is just a prime example. Craigslist is not reliable, There have been a lot of scams and not to mention bad reviews. If you have permission to keep this ring then you could just try and sell if off of Ebay that may be your best bet.
]
More Questions: |