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Main Forums => The Roundtable => Topic started by: cdma on April 12, 2005, 09:56:43 AM

Title: What to do with an unwanted engagement ring?
Post by: cdma on April 12, 2005, 09:56:43 AM
So I bought an engagement ring and then broke up with my girlfriend of two and a half years. Wrong order, I know. We broke up in October, see each other about once a week, are on good terms when we do see each other, but don't make any significant effort to see each other. Getting back together seems highly unlikely.

So I have this ring which is sitting in a deposit box that I'm not sure what to do with. It's a platinum setting with a 3/4 ct. diamond and I'd like to recoup as much as I can. Does anyone know how/where one goes about selling something like this?

I'm also open to any suggestions from anyone who thinks I should hang on to it.
Title: What to do with an unwanted engagement ring?
Post by: Sean Smith on April 12, 2005, 10:19:34 AM
Why is everyone on this forum having their relationships crap out this month?  You're like the 5th person on this forum to have some kind of breakup this month...

You are probably going to take it in the shorts when it comes to re-selling that thing, but keeping it would be insane.
Title: What to do with an unwanted engagement ring?
Post by: Jamisjockey on April 12, 2005, 10:28:32 AM
Advertise it in the newspaper.  You could probably get better than half of what you paid for it.  Start with an asking price of about 90% or so.  
Don't hang onto it.  Next time, ask your new love to marry you and then let her pick her own set out.
Title: What to do with an unwanted engagement ring?
Post by: Pebcac on April 12, 2005, 10:41:46 AM
If you can come up with a good story to go with it, there's always eBay.  It seems like the wedding dresses and rings and so forth that become available after a breakup always get a lot of attention on eBay, and maybe it'll help you drive your price up.

JamisJockey's got a good idea, too.  I work with a guy who sold an antique diamond ring via the newspaper because he won't be needing it due to...ah...an orientation issue.  It was pretty funny to hear him explain it.  Cheesy
Title: What to do with an unwanted engagement ring?
Post by: Penman on April 12, 2005, 03:04:31 PM
You'll take a hit if you sell it, but don't know what further use you'll have for it. You could fasten a treble hook to it and see what it will catch...
Title: What to do with an unwanted engagement ring?
Post by: nico on April 12, 2005, 03:16:25 PM
I'll give you $50 for it Cheesy

Seriously though, if it's in like new condition, the place you bought it from may take it back.  It's been a while so it'll probably be a stretch, but you could always check with them.
Title: What to do with an unwanted engagement ring?
Post by: brimic on April 12, 2005, 03:36:07 PM
Pawn it and buy a gun, I did that once. I felt much better after doing so. Smiley
Title: What to do with an unwanted engagement ring?
Post by: Sindawe on April 12, 2005, 03:47:39 PM
Quote
Why is everyone on this forum having their relationships crap out this month?  You're like the 5th person on this forum to have some kind of breakup this month...
The forum is cursed, CURSED I SAY!!!

Dispense with it.  Maybe take it to a couple of different jewelers and get some purchase appraisals.  I doubt that you'll get full retail back on it, but you may get close.  Maybe you could also have the stone and metal reworked into another peice, maybe for yourself if you are the kind that wears rings and such.
Title: What to do with an unwanted engagement ring?
Post by: cdma on April 12, 2005, 07:26:41 PM
Quote from: brimic
Pawn it and buy a gun, I did that once. I felt much better after doing so. Smiley
Once I sell the damn thing, I'll be able to get a nice gun. And a rifle. Or two.

While we were dating, I did buy the ex a Sig P226. Never got around to transferring ownership before we split. Oh, well.

One thing which I hope works in my favor is that it's a platinum setting which has suddenly become fashionable. I guess I'll stop by a few jewelers and see what can be done.
Title: What to do with an unwanted engagement ring?
Post by: stevelyn on April 12, 2005, 09:45:16 PM
Why is everyone having their relationships crap out this month?

I don't know. Must be something in the food supply. I'm about to dump off some excess baggage myself and upgrade to a newer and better model. Tongue

To answer your question: Recover as much of your expense as possible.
Title: What to do with an unwanted engagement ring?
Post by: client32 on April 13, 2005, 03:46:25 AM
If you have the reciept, the place you got it from might take it back.  Sometimes they will only allow you to get something different.  If so, ny suggestion is to get something that you can recoupe more money out of.  Maybe a watch?  I don't really know.
Title: What to do with an unwanted engagement ring?
Post by: Harold Tuttle on April 13, 2005, 05:33:31 AM
have a jeweler saw open the back and get it made into a nose ring.

wear it for 8 months as a reminder to look before you leap

Wink
Title: What to do with an unwanted engagement ring?
Post by: Big_R on April 13, 2005, 07:42:28 AM
I was in a similar situation years ago.  I kept the ring and was able to trade it in when I found the real true love of my life.  I got full retail for trade, plus put in again that much on the wife's ring.  Check with the store and see if you can trade it, and how long you have.  If you can trade it whenever, hold onto it until you're ready to trade it in.

Ryan
Title: What to do with an unwanted engagement ring?
Post by: spacemanspiff on April 13, 2005, 08:19:10 AM
Quote
I'm about to dump off some excess baggage myself and upgrade to a newer and better model.
theres something better out there in the aleutians?Huh?  surely you jest! cheesy
Title: What to do with an unwanted engagement ring?
Post by: charby on April 13, 2005, 09:53:25 AM
Charby's advice and experience from been there and done that.

I was engaged once, I broke it off and she gave the ring back. Since it had been longer than six months since I bought it (nine months at the time and 6 months before the wedding) the store wouldn't take it back or even exchange for other merchandise. I was thinking maybe get some bling bling for myself and mom on the echange program.

I went to several pawn shops and all I could get for a $1800 ring was about $250-300, even tried trading it on a several handguns they had in the $400-500 range, no dice there.

Since it was a 5/8 carat diamond, I was thinking hmmm I'll get a ring made for me out of the diamond, of course once I talked to the jeweler I didn't want to fork over another grand for a unique setting for myself.

So I just threw it in my jewery box and forgot about it until I bought my mother a Platinum saphire and diamond ring for her 55 birthday and I remembered I had the solitare engagement ring in my box. I gave my mom her birthday present and she just ooo and awed about it. I asked her if she remembered the engagement ring I bought for _________ 6 years ago, and she yes that was a nice ring. I asked you really liked ________ and she liked you quite a bit. Mom said too bad it didn't work out but things happen for a reason. I then asked her if she wanted to see the ring, she said yes, so I dug it out and told my mom she could have it.  My mom was even more shocked becuase the ring was way bigger than the 1/4 carat my dad gave her when they got married x number of years ago. I told she now has two nice rings to wear out when her and dad go out on the town.

I think I made the right choice on what to do with the ring.


Charby

p.s. Btw about the time I joined APS or Apes as I like to call it, I started dating a really good woman so I think that this board is not cursed but helps those find or keep the right  person.
Title: What to do with an unwanted engagement ring?
Post by: spacemanspiff on April 13, 2005, 10:06:15 AM
dude!!!! a psychologist could have a field day with that one post!

you gave your MOM an engagement ring!!!!


cheesy j/k. as long as you didnt get down on one knee when you gave it to her, i guess you're alright.
Title: What to do with an unwanted engagement ring?
Post by: charby on April 13, 2005, 10:46:06 AM
spiffy

Psychologists already have a field day with me..

and No I didn't get down on one knee.. I got down on both.. ha ha ha Tongue

Charby

edited..  I before E except after C
Title: What to do with an unwanted engagement ring?
Post by: Anna G. on April 14, 2005, 12:34:10 PM
Quote
Why is everyone on this forum having their relationships crap out this month?  You're like the 5th person on this forum to have some kind of breakup this month...
*raises hand* I... actually I started my first relationship this month and I am quite happy. Feeling better? Cheesy

Note: Since cdma broke up with his girlfriend back in October I thought the period was long enough for my statement not to sound like cruel rub in. I hope it doesn't. Smiley
Title: What to do with an unwanted engagement ring?
Post by: spacemanspiff on April 14, 2005, 01:20:43 PM
yeah but you women got it easy. you can have any one of us.
Title: What to do with an unwanted engagement ring?
Post by: Anna G. on April 15, 2005, 06:23:27 AM
I wish that was true. If it was I wouldn't have to be alone all this time, while some of the girls my age were going through boys like through handkerchieves. Men are not less picky than us. :/

Blah, sorry for hijacking the thread. Tongue
Title: What to do with an unwanted engagement ring?
Post by: charby on April 15, 2005, 06:43:07 AM
Anna

I think it varies from person to person. I used to change women about as much as I changed my underwear, always finding something wrong with them that bothered me. As I got older I started getting a little more pickier and I had a couple of bad endings to a few realtionships I didn't want to get out of and that really made me picky on who I want to be with for a while also made me realize what I wanted out of a realtionship.

Charby
Title: What to do with an unwanted engagement ring?
Post by: Gus Dddysgrl on April 15, 2005, 06:49:43 AM
Maybe if you keep it and when you do find the right one, propose with it then tell she can trade it if she wants.  Otherwise try a bunch of places then talk them up.  Like go to a couple of places and then say something like well they gave me this price could you give me something better.  Otherwise I don't know.  

I have a couple of guys give me rings(only one was an engagement ring) and I still have all but one.  I gave back the one guy's high school ring.   I didn't feel right keeping it.

Hope you get something good for it.  

Gus
Title: What to do with an unwanted engagement ring?
Post by: CatsDieNow on April 15, 2005, 08:54:28 AM
Not a fan of engagement rings - I have had those sharp little things thrown at me on three seperate occasions.  

Guys get really touchy when their proposals are rejected...especially the one I wasn't aware I was dating.

If I am ever in danger of getting engaged, I'll have to explain I want a new gun instead.
Title: What to do with an unwanted engagement ring?
Post by: spacemanspiff on April 15, 2005, 10:42:28 AM
catsdie, have you thought of jumping the gun (so to speak) and proposing yourself? if so, feel free to buy me an engagement gun, i'd like a browning hipower please, customized and tricked out. if you'd like to personalze it, you can have it engraved with the inscription "to spacemanspiff, the fattest ninja in alaska".

who knows? i might even wind up falling in love with you if you did that.
Title: What to do with an unwanted engagement ring?
Post by: CatsDieNow on April 18, 2005, 04:08:23 AM
Spiffy - I've got a better idea...why don't you get Wild Alaska to propose?  I'll bet he's even got your BHP in stock and can do the smithing himself.  

Thanks for the offer, but I think I'll look a little closer to home.  I'd like to visit your state sometime, but I don't think I am tough enough to survive the winter there.
Title: What to do with an unwanted engagement ring?
Post by: Justin on April 18, 2005, 09:38:52 AM
Quote
Why is everyone on this forum having their relationships crap out this month?
Odd, I recently had a relationship kind of jump out of the blue and snag me.  But then I'm not really one for following the crowd.  Smiley
Title: What to do with an unwanted engagement ring?
Post by: Anna G. on April 19, 2005, 01:23:27 AM
Charby, yes, it does vary. Some people get what they want right away, others have to wait. Tongue

Justin, this is getting odder and odder. So we, the eternal singles, got both snagged in a short period of time. Smiley Go figure.
Title: What to do with an unwanted engagement ring?
Post by: Justin on April 19, 2005, 05:20:18 AM
Yeah, really quite peculiar, neh? Smiley
Title: What to do with an unwanted engagement ring?
Post by: Lt. G on April 19, 2005, 08:00:05 AM
I traded both engagement rings for 2 guns, ZEN!!!
Title: What to do with an unwanted engagement ring?
Post by: atek3 on April 21, 2005, 10:16:38 AM
Quote
Why is everyone on this forum having their relationships crap out this month?  You're like the 5th person on this forum to have some kind of breakup this month...
Hey, I'm not having that problem...
Haven't quite gotten to the "getting into a relationship part".

atek3
Title: What to do with an unwanted engagement ring?
Post by: Guest on April 21, 2005, 05:07:07 PM
Ouch- paying retail for jewelry is the pits.  Friends don't let friends pay retail for jewelry.  If you want a great free education, find a good pawnbroker with a bit of time on his or her hands and ask them what jewelry is _really_ worth.   It might hurt your feelings once but it will keep you from getting them hurt again and again.

As a rule they offer about half of what they expect to sell it for, and they will generally sell it for about half of what the retail cost was.  But then you know that now... .


As to giving your mother an engagement ring- well, my mom stole my wife's first one.  True story, of course she didn't KNOW she was stealing it, but it worked out that way just the same.

I don't like diamonds a whole lot in general and I wanted something special for my wife-to-be.  One of my friends (one of those pawnbrokers I was talking about) told me she had 'a really old engagement ring' one day and I went by to see it.  It was just like a picture I had once seen in Harry Winston's book (IIRC) of a style called a bouqet, a center diamond surrounded by six more diamonds of the same size.  This was an early type of diamond engagement ring which become popular in America, just after the Kimberly strike in South Africa made diamonds more plentiful- and less costly.  These stones were cut in an older style, not the Tiffany or brilliant cut familiar to most folks today, with fewer facets.  But the stones were good, they were all contemporary (no replacements) and the engraving in the ring dated it to 1874.

I bought it.

The band was 14k yellow gold and so were the settings, typical of older jewelry.  The prongs were worn a good bit and so the ring needed work as well as sizing.  I took it home, intending to take it to a trusted local jeweler for the attention it needed.  But I never got it to town, so I left it in my old dresser drawer in its box, with the idea I'd take it in next time I was home.

Didn't happen that way.  I call my mom at least every Sunday night, and a few weeks after my visit she asked where that ring in my drawer came from.  I told her I had bought it because it was old- hadn't told her or anyone else yet I was planning on proposing.  Her next question gave me a sinking feeling- "Can I have it?"

Well, what do you say to a question like that?  Gonna tell your mom "No?"

I said, "Of course you can have it. But I brought it home because it needs work, take it to the jeweler and have him reprong it and size it to fit you."  This is my mom, you understand, who has told me repeatedly NOT to give her rings as gifts, because she thinks her hands are ugly and she doesn't want to draw attention to them.  Oh well... who knew?

So I had to launch a search for ANOTHER antique that I could afford, and luckily we found one, though not as old as the original by almost fifty years.  The engagement and the wedding came off as planned, and years later the honeymoon still isn't over.

And we still haven't told my mom she stole my wife's first engagement ring... it's our only family secret.

lpl/nc
Title: What to do with an unwanted engagement ring?
Post by: mike on April 23, 2005, 06:46:28 AM
I did this once long ago. Took the ring back to where I got it and traded it for a loose diamond. I then had that reset into another ring when I met my first wife. Found out that in just a few years it had gone up almost three times in value, so it turned out to be the best deal. (Better deal that the first wife turned out to be. Sad )