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selling the diamond?

Any suggestions on the best place to sell my diamond?  I'm still torn about keeping it.  It's not my original ering.  XH and I bought it as an "upgrade" about 2 years in, and I paid for half of it with my pre-wedding savings.  I talked to G about it this week and he said that he doesn't care if I keep it and turn it into a pendant or whatever.  But now I'm thinking that I could sell it and pay off a chunk on my car.  It's a round, 1.34 ct solitare.  Colorless, but if I remember correctly, it's an I2.
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Re: selling the diamond?

  • I'm selling mine back to my diamond broker family friend who I bought it from.  It's taking a while to sell though because it's big and she will likely sell it wholesale to another broker (vs. selling it to a retail store or pawn shop like a lot of people do).
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  • Be prepared to not get close to what you wanted money-wise. It was really hard to get rid of mine. My appraisal said 10K and I ended up selling for about 1300. 
    image BNOTB Awards
  • imageNinjaPaants:
    Be prepared to not get close to what you wanted money-wise. It was really hard to get rid of mine. My appraisal said 10K and I ended up selling for about 1300. 

    That's what I was worried about, and why I was thinking that I'd be better off to just keep it and turn it in to something else.  It's not like that stone has the sentimental value that the original ering did (which I probably will try to sell, but I doubt I'd get more than about $500 for it).

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  • Yeah, my ring was bought for $45k, is appraised at $60k and I will be lucky to get in the $30s.  It's a huge loss on reselling rings
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  • Your XH paid 45K for you e ring???????? HOLY SHIIT DUDE. That is insane. In. Sane.
  • imageMintChocoChip:
    Yeah, my ring was bought for $45k, is appraised at $60k and I will be lucky to get in the $30s.  It's a huge loss on reselling rings

    That's a bit more than mine, but the same thing that I was worried about.  We paid around $6k I think, so if I can only get $3-4k, it may be better to just make it a rocking (yep, I said it) pendant.

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  • imageDakotaDangerDog:
    Your XH paid 45K for you e ring???????? HOLY SHIIT DUDE. That is insane. In. Sane.

    Yeah...cue manipulative personality here.  He even reminded me about it on a daily basis like, "I got you the biggest E-ring ever, I figure I can do such-and-such that you don't approve of now because I've spent more money on you than anyone else ever"  It was awesome, let me tell you. 

    The saddest thing is, I would have taken a crack jack ring because I loved him so much.

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  • imagestartingover2010:

    imageMintChocoChip:
    Yeah, my ring was bought for $45k, is appraised at $60k and I will be lucky to get in the $30s.  It's a huge loss on reselling rings

    That's a bit more than mine, but the same thing that I was worried about.  We paid around $6k I think, so if I can only get $3-4k, it may be better to just make it a rocking (yep, I said it) pendant.

    If you can still wear the stone without having feelings about it I would totally turn it into a pendant.  I bet it will be beautiful!

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  • imagestartingover2010:

    imageMintChocoChip:
    Yeah, my ring was bought for $45k, is appraised at $60k and I will be lucky to get in the $30s.  It's a huge loss on reselling rings

    That's a bit more than mine, but the same thing that I was worried about.  We paid around $6k I think, so if I can only get $3-4k, it may be better to just make it a rocking (yep, I said it) pendant.

    That's exactly what I did with my 1.52 diamond.  It is awesome.  I love it.  

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  • imageMintChocoChip:
    imagestartingover2010:

    imageMintChocoChip:
    Yeah, my ring was bought for $45k, is appraised at $60k and I will be lucky to get in the $30s.  It's a huge loss on reselling rings

    That's a bit more than mine, but the same thing that I was worried about.  We paid around $6k I think, so if I can only get $3-4k, it may be better to just make it a rocking (yep, I said it) pendant.

    If you can still wear the stone without having feelings about it I would totally turn it into a pendant.  I bet it will be beautiful!

    Since I paid for half of it and picked it out, I don't feel like it has the same sentimental value that the e-ring did.  I would never do anything with those stones other than sell them.  Maybe I can try to turn that ring in to a new iphone.  Hehehe

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  • For those of you who turned it into something else- how did you go about that? Did you take it back to your original jeweler or did you take it somewhere else?

    I've been meaning to turn mine into a pendant, but just not sure what the best way to go about it is!

  • Selling the diamond is hard.  Most jewelry places only want it if you are upgrading and putting the value of the ring on a new purchase that is double its value. I also tried Craigslist, but there?s not a big market there either. Who wants to propose to their love with the band karma of another?s failed marriage? I ended up keeping mine?and using it for the upgrade when I got engaged again. And PP are right; expect about a 1/3 or ? cash value for what you paid for it!

  • imageDragonfly6191:

    For those of you who turned it into something else- how did you go about that? Did you take it back to your original jeweler or did you take it somewhere else?

    I've been meaning to turn mine into a pendant, but just not sure what the best way to go about it is!

    I got lucky and sold it to a friends mom that made it into a really cool cocktail ring and a pair of earrings. It was 3 carats total. If I didn't sell it to her I would have probably just hung on to it until I could afford to make it into something else but I needed the money while I was in the midst of moving out. 

    image BNOTB Awards
  • I have a jeweler I trust. I brought it there and they made it.
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