There’s just no way to describe the feeling when a relationship ends after a proposal. You may experience a flood of completely understandable emotions — surprise, anger, emptiness, and many others.
Finally, after the dust settles, you realize you’re now stuck with an expensive diamond engagement ring. What are you supposed to do with it now?
Deciding what to do with the ring can be extremely difficult on both a practical level and an emotional level.
- Return it?
- Keep it?
- Sell it?
Every situation is different. The right decision depends on your situation and where you bought the ring. As a jewelry expert, I can tell you that 9 times out of 10, returning the ring will actually get you less of your money back than selling it to a certified jeweler. In most situations, the best option is to sell.
Let’s look at each option in more detail.
What Happens if You Try to Return an Engagement Ring?
In the eyes of the jewelry store, that ring lost value as soon as you walked out the door with it. Your ring is now considered used, even if no one ever actually wore it. And it really makes sense. An engagement ring is a big purchase, and customers want to know if it has a backstory.
Because of this, most jewelry stores will not give you a full refund when you try to return it. Some might, but that’s not the norm. In fact, some stores have a strict no-return policy.
Is it OK to Keep an Engagement Ring for Next Time?
If you’re having trouble figuring out what to do with the ring you bought, it may have crossed your mind to simply keep it. After all, if marriage is your ultimate goal, you’ll probably need an engagement ring again at some point, right?
Here’s the problem with proposing twice with the same ring. You’ll end up having to either:
- Explain that you originally bought the ring for a different person years ago (that you didn’t buy it especially with your new relationship in mind); or
- Not say where you got the ring, which may feel like an omission, and may even put you in the position of lying about it later
Either way, re-using an engagement ring is usually a bad idea, unless it’s a family heirloom with sentimental value.
Should I Sell the Engagement Ring?
If you work with the right buyer, selling is your best bet.
You’re not likely to get a good refund when you try to return a ring, but selling to an experienced buyer is different. A buyer isn’t looking just at the value of the ring itself, but also at the value of all the materials it’s comprised of, including the diamond.
Because of this, the right jewelry buyer can often offer you a better price than the refund you’d get if you tried to return it. A buyer can pay you what the ring is really worth, and they’re not bound to restrictive refund policies.
How a Buyer Evaluates a Ring
At Samuelson’s Buyers, we’ve been offering the best prices for engagement rings since 1922. When we evaluate a ring, we look at two main elements: the setting and the diamond.
The Setting: Most engagement rings are made of gold, platinum, or another material. Platinum settings are usually worth the most, but gold can be quite expensive too, depending on its purity.
The Diamond: To determine the value of the diamond itself, we’ll examine the 4Cs: color, clarity, cut, and carat weight. We’ll also look at depth, fluorescence, brand name, and general demand in the international jewelry market.
We’ll offer you what your engagement ring is truly worth. We’ll never offer you less money simply because of the ring’s history.
What it’s Like to Sell to Us
Working with Samuelson’s Buyers is the best and safest way to sell an engagement ring. We understand that you’re ready to sell your ring for the best price and move on with your life.
Here’s how it works:
- Call 301-804-6176 to request an appointment with one of our certified buyers.
- Bring any paperwork you may have for the ring with you to your appointment. If you have the original box or other packaging, bring that too.
- Our receptionist will greet you on the day of your appointment and offer you a hot cup of coffee or other beverage.
- You’ll meet with our buyer in a separate room and your ring will never leave your site.
- Our buyer will examine your ring, make you a fair offer, and explain exactly how he reached that offer.
- If we agree on the price, we’ll pay you right then and there.
After that, you’re done! No waiting for a check in the mail. You’ll walk out the door with payment in hand so you can move forward with the next stage of your life.
Ready? Call our office at 301-804-6176 or contact us online to get started.
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