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Diamonds

When is the Right Time to Sell an Engagement Ring?

Apr 28, 2020

An engagement ring is a symbol of forever, of finding love and your happily ever after. And we are absolutely here for it – we love love! In fact, that’s what drives much of our business! But when love goes sour, such as in the case of a divorce, what should one do with an engagement ring? For some, it’s a symbol that no longer rings true. For others, it’s a material possession that could help offset other costs in the time of a divorce. So what should you do with your engagement ring during a divorce.

1. Make sure you’re ready to say goodbye to the ring

No matter how long you’ve been together, an engagement ring holds some meaning. Perhaps you were planning to pass it down to your daughter. Or it recalls fond memories of the sweetest proposal. It could also remind you of the time you spent together and the experiences you created. When going through a difficult time, such as a divorce, you want to make sure you are in the right head space to say goodbye to a meaningful possession.

2. Put together the ring’s history to help with an appraisal and getting your best value

Once you are ready, put together any documentation you might have for the ring. That could mean the original receipt of the ring purchase, the box the ring came in or any original packaging, a past appraisal, or a certification by the diamond lab. These will help ensure you receive the best value for your engagement ring.

One thing to note: diamond rings do not retain their original value. Much like a new car, they immediately lose value as soon as a purchase is made. However, with the right buyer, you can still get a good value for your ring and walk away feeling satisfied. 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, as we can repurpose both for new pieces.

 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 4 Cs: color, clarity, cut, and carat weight. We’ll also look at depth, fluorescence, brand name, and general demand in the international jewelry market.

3. Find a reputable buyer

In today’s world, there are numerous options out there – pawn shops, online barter sites, and more. However, few can give you both a quote and cash in hand the same day, while also recognizing the sensitivity warranted by the circumstances. When you’re going through a divorce, the last thing you want is to be treated as a dollar sign. At Samuelson’s Buyers, we work with you to make sure you are treated with the comfort, respect, and privacy you deserve as you navigate this challenging time. With three locations, here’s what you can expect from us:

  • Our receptionist will greet you on the day of your appointment and offer you a beverage.
  • You’ll meet with our buyer in a private room where your ring will be examined, evaluated, and an offer will be made. Your ring will never leave your sight.
  • If we agree on the price, we’ll pay you right then and there, enabling you to take this huge step into the next chapter of your life.

We know deciding what to do with your engagement ring after a divorce is a difficult decision. We’re here to help you get the information you need at your own pace. Call 301-804-6176 or contact us online to request an appointment with one of our certified buyers.

We promise we’ll offer you what your engagement ring is truly worth. It’s what we’ve been doing since 1922. 

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