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Old Graz73
 
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How to price an engagement ring for resale?
Quote this post and reply to it Post#1 @ 12-01-08 , 09:04 AM


I have an older engagement ring that I want to sell to help finance a new ring that i am designing.

I have the original paperwork/appraisal that came with the older ring, but I have no idea what it's worth, or the best place to sell it.

I could even try to sell it on this site, but if I did, I don't know what a fair asking price would be for a common ring like this one...


-1/3 ct
-"square mod brilliant" cut
-3.65 x 3.58 x 2.69 mm
-weight: 0.31 carat
-near colorless (i)
-clarity: Si (2)
-polish/symmetry: good/good

with a 14 karat yellow gold mounting

Last edited by Graz73 : 12-01-08 at 09:05 AM. Reason: wording
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Old Jan

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Re: How to price an engagement ring for resale?
Quote this post and reply to it Post#2 @ 12-01-08 , 10:25 AM


Hi Graz,
Does it have a GIA lab report?


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Re: How to price an engagement ring for resale?
Quote this post and reply to it Post#3 @ 12-02-08 , 08:57 AM


Quote:
Originally Posted by Jan
Hi Graz,
Does it have a GIA lab report?


This ring has an S.O.A. number, and says "Contact the I.G.I. for a detailed appraisal.

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Anyone?
Quote this post and reply to it Post#4 @ 12-05-08 , 08:49 AM


I'm still hoping for some advice here... I have looked into selling this to several area jewelers and most have not been interested...

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Re: How to price an engagement ring for resale?
Quote this post and reply to it Post#5 @ 12-05-08 , 10:11 AM


You will need to take it to an appraiser to find out the true value before you can sell it.


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Re: How to price an engagement ring for resale?
Quote this post and reply to it Post#6 @ 12-05-08 , 10:16 AM


I agree with Jan, an appraiser would be able to give you an honest value on your item

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Re: How to price an engagement ring for resale?
Quote this post and reply to it Post#7 @ 12-05-08 , 11:07 AM


Why don't you post the paperwork/appraisal that you already have and the members here could maybe advise you from that?


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Appraisal Info
Quote this post and reply to it Post#8 @ 12-09-08 , 10:31 AM


OK, I scanned my ring's info. Take a look and see if this helps:



Thanks!

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Anyone?
Quote this post and reply to it Post#9 @ 12-12-08 , 08:43 AM


bump

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Re: How to price an engagement ring for resale?
Quote this post and reply to it Post#10 @ 12-12-08 , 05:11 PM


Hi,

I would estimate an online transaction between individuals to be 20-30% of the appraisal valuation.


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Re: How to price an engagement ring for resale?
Quote this post and reply to it Post#11 @ 12-16-08 , 09:15 AM


SO you mean maybe between $226 - $339?

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Re: How to price an engagement ring for resale?
Quote this post and reply to it Post#12 @ 12-16-08 , 11:06 AM


Yes, my best guess for an online transaction between individuals for a ring like this would be in that price range of $226-$339




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