Tuesday, September 27, 2011

How much can I get for a diamond ring with names carved inside?

I once bought a golden/silver ring with a diamond in it, worth 400 euros.





The thing is, there are names carved on the inside. How much can I still get for it? Which parts of the ring will the jeweler re-use? Or just the diamond?





In case he can only use the diamond, can I ask him to give me the gold and silver back?|||There are a lot of things in consideration when it comes to jewelry. The price you paid and the estimated insurance value are of no relevance when you are trying to sell it. The band will be melted down and used for other jewelry if it is real gold. The weight and the percentage of gold to alloy makes a difference on the band's value. 10k gold is not as valuable as 14k or 18k. It should be stamped inside the band in tiny characters. The diamond may be worth a lot or nothing, depending on the weight, the cut and the quality. Even a large diamond can be pretty worthless if it is full of inclusions (flecks of carbon) or cracks. Certain cuts are prized more than others. Round is the most popular cut. Also, how much "fire" does the diamond have. Fire refers to how much it sparkles and refracts light. So you need to get a good appraisal and the price they end up quoting will be the insurance replacement value. You could probably expect to get half of that if you sell it retail. If the ring has names inside, it may be an antique and if so, may be worth more. Like I said, so many things to factor in. In the end, the ring is worth what someone is willing to pay you for it.|||What weight is the ring, is it 10K 14K? or gold filled. Right now pure gold is at a all time high, They may just want to buy the band from you depending on the weight and the size of the diamond.|||In know this doesn鈥檛 sound like much but the jeweler may give you 10 cents on the dollar for the diamond depending on what quality that diamond is and this is a stretch. He/she can give you scrap value on the gold 鈥?this can range form 15.00 to 35.00. You can try to sell the ring on EBAY or Craigslist and you may get more back than from your jeweler.





Good luck!

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