Selling Wedding Rings After Divorce
This dainty ring is indeed beautiful as its name suggests, even if the design symbolizes imperfection. Because nobody is perfect we are all real people, flawed in so many ways. Nobody has it together all the time.
You never have to apologize for being broken. In the same way you should not apologize for being divorced. Wear your ring with pride and remember that its the cracks that let the light in.
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Listing Out The Engagement Ring For Sale Through Online Ads
If you are looking forward to selling the engagement ring for cash then list out of the ring for sale through online ads posted through websites like Facebook, Craigslist, Offer Up, and Marketplace shall be an effective solution. All you need to do is to find a private buyer who shall ensure the entire cash transaction happens safely, beforehand sending them the ring.
Make sure to meet the buyer in person so that no kind of scam happens in the first place. If at all a buyer is highly interested in purchasing the engagement ring and said to be residing in some other state then you need to ask them to deposit a sum of the estimated selling amount upfront.
We Almost Sell My Wedding Rings
When Paul proposed to me in June 2009 he presented me with a gorgeous engagement ring. It was a platinum band with a beautiful clear-cut diamond cast between two diamond baguettes. The proportions were perfect for me the diamond and band were not too wide or gaudy and the setting was not so high that I felt it would catch on everything.
And then I found out how the ring felt like it was made for me: Paul had designed it with the jeweler.
After deciding that it was time to propose, Paul spent several lunches with a jeweler on Buffalo Speedway to mold some metal and a stone into a beautifully shaped token of love.
I gladly accepted.
We did not want a long engagement so we began planning for the wedding almost immediately. I had not been saving for one as most of my teenage and young adult life I didnt think I was the marrying type. In fact, the only reason why I said yes was because it meant that I got to spend the rest of my life with Paul the rest of being married I figured we could work out.
Combined we were $25,000 in debt at that moment, we wanted to put a decent downpayment on a home, and we wanted to pay for our wedding in cash. All of this was to happen within the next 8-9 months. One day during a pragmatic conversation about finances and the wedding day I decided to throw out an idea he might be up for.
I think we should sell my engagement ring to help pay for the wedding.
How To Sell An Engagement Ring After A Divorce
If youre one of the estimated 1.7 million Americans who gets divorced every year, youll probably decide to sell your engagement ring. The fastest, most convenient, and safest way to sell an engagement ring after a divorce is to choose a professional online jewelry buyer like Gemesti. Theyll give you the best possible market price and youll be treated sensitively and discreetly in the process.
There are other ways to sell diamond engagement and wedding rings. Well also take a look at some of these options, explore the different pros and cons, and see why the old-fashioned sales options are no longer the first choice for independent sellers.
Visiting The Pawnshops For Selling Your Engagement Rings
Pawnshops are traditional engagement ring buyers whom you can visit at your convenience to get hold of quick cash by selling the ring with them. You must note that before visiting the pawnshops, they are not professionally trained or certified to rightly evaluate the value of gemstones and diamonds present in the ring. The estimate they are about to generate for your engagement ring shall never go well with your pre-derived offer values.
If you are in a financial situation to acquire quick cash exchanging the engagement ring, then dealing with the pawnshops shall be an ideal decision.
Should I Sell My Wedding Ring After Divorce
A diamond is forever until it isnt. Hanging onto your wedding jewelry doesnt have to be forever either
Whether you are recently divorced, or going through the process right now, your engagement and wedding rings are often the last tangible assets of your marriage.
What to do with them? Even if your marriage ended amicably, holding on to an engagement ring or wedding ring after divorce is a little like holding onto the past.
Sometimes it can be tempting to keep your engagement and wedding ring, and tuck it away in a jewelry box, wait until you are over the divorce before wearing them again, or hold onto it for your children for sentimental reasons.
We very often place immense sentimental value on wedding jewelry, even after the marriage has ended. We understand, it can be hard to let go. Another is to redesign the ring and repurpose your wedding jewelry into something different, something that tells the world youre free! A new design for a new life.
One of the strongest statements you can make about moving on though is actually letting go of the symbols of your marriage. Selling an engagement ring could be the emotional break you have been looking for, with the added benefit of having a cash boost just when you might need it most.
Turn Your Diamond Ring Into A Minimalist Necklace
Redesigning your ring into a minimalist necklace is a way to keep the memories of your marriage alive without having to wear a constant reminder of the end of your relationship. Plus, its a great way to show off your sense of style.
If youre unsure where to start, schedule a FREE one-on-one consultation with one of our advisors to start designing a one-of-a-kind piece that youll love to wear.
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Ways To Repurpose A Wedding Ring
Are you of two minds about what to do with your old wedding or engagement rings? Some people stash theirs in a jewelry box or drawer, some bury theirs or throw it off a cliff or into the ocean.
If you feel the need to do one of these things, we wont stop you. But before you go to extremes, take a minute to consider all your options. Why not rather redesign or repurpose your old wedding or engagement ring instead?
One quick tip before we move on: though it may not be something you want to think about, you might want to consider seeking legal advice from a divorce lawyer to determine whether the rings are considered marital property, a conditional gift, or whether they have become your property as a marital asset. This could be complicated if the rings were a family heirloom.
Regardless, just make sure that they legally belong to you before deciding to redesign, repurpose, or sell.
Now, onto the fun ideas!
Turn It Into a Divorce Ring
If you love the look of your engagement ring, there might be no need to change anything about it. You could simply wear it on your right hand where it will not have the same significance as it had before.
You could also consider changing the setting by having side gemstones or a gemstone halo added. By choosing colorful gems to compliment the original diamond, it will certainly look more like a dress ring, especially if you decide to wear it on your right hand.
Turn It Into Another Piece of Jewelry
When To Take Off Your Wedding Ring
When a couple breaks up, the rings on their wedding bands are frequently removed as a symbol of their break up. If the couple breaks up, the ring will be returned to the purchaser, unless a condition is met. To get the best results, remove your ring when youre washing your hands, showering, or getting ready for your day.
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How To Sell Your Wedding Ring After Divorce
Before diving into how to sell your wedding ring after divorce, lets find out how much its worth. The value of your ring as a whole is based on the metal its made of and the stones set in the piece. The value of the ring can be more than the just the value of materials. The work and value of the design can increase the value of the complete piece of jewelry.
This is mostly true when the jewelry is new, second-hand jewelry sells for much less. The value of your ring as used jewelry is closer to the resell value of the materials. This is very helpful to know when trying to sell your ring.
Exceptions May Apply If The Engagement Gets Called Off
If the couple never gets married, some courts look at which person is at fault. For instance, if he cheats during the engagement, the ring belongs to her. If she cheats, thats a different story. A few courts, however, say that fault doesnt matter. If the promise of marriage is not fulfilled, the ring is returned to the giver, even if they are the one to cheat or call off the wedding.
Outside of the law, you have to decide what makes sense for your unique situation. Perhaps you feel you should return the ring because its a family heirloom or maybe you feel you should keep it due to hardship and heartbreak. Ultimately, choose the route that makes sense for you, but remember that in most cases, the receiver keeps the ring.
In divorce mediation we always have to deal with division of assets and who gets what but the diamond engagement ring and really any jewelry that was a product of the marriage is always a special case. The sentimental value and memories that come with the diamonds oftentimes cant be quantified. I help the couples get to the heart of the matter by having honest discussions on their expectations and providing creative options for what to do with the jewels that will enable both parties to move forward in a healthy way.
Divorce Mediator Dori Shwirtz of DivorceHarmony.com
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Do Wedding Rings Keep Their Value
If you do decide to go the route of making some extra pocket money off of your jewelry, be aware that its unlikely youll be able to sell your rings for the same amount you or your partner paid for them.
The original retail price included the profit margin the jeweler or boutique needed in order to make a living. By selling the ring back to them youre filling the role of wholesaler and can expect to make, at best, wholesale prices.
If your ring is particularly unusual or attached to a luxury brand name you may be able to sell it as a complete piece. Most of the time it will be valued based on a breakdown of its individual parts:
- The scrap value of the metal to be melted down and turned into something new, and
- The diamonds or other stones after theyve been removed
Jewelers are particularly interested in large center stones of exceptional quality over 1ct. A stone of .97 carats will be indistinguishable from a 1ct to the naked eye but is worth significantly less. Fantastic for you when youre buying your new ring, a bit more problematic when youre trying to sell it.
A quick note on TCW : many beautiful diamond engagement rings are made up of several glittering stones, then sold by TCW. This means that a ring with a .82ct center stone surrounded by a circle of smaller diamonds that add up to .21cts has a TCW of 1.03cts. When reselling it, be mindful of the fact that jewelers will be looking at their value as smaller individual pieces rather than one large piece.
Donate The Ring To Your Favorite Charity
Many organizations accept engagement rings and can use the proceeds to help people in need. You can help make a difference in someones life by donating your ring.
If youre unsure where to donate your ring, plenty of resources are available online. Just do some research and find an organization that resonates with you.
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How To Sell A Wedding Dress After Divorce
I took photos of the dress fresh from the dry cleaners and dug out a few pictures of me wearing it to show what it looked like on a person. I posted it for sale on Craigslist, Facebook, and a few other local sites. It didnt take long before somebody bought it.
As my wedding dress walked out the door with another bride-to-be, I felt even more relieved.
The last thing left to tackle? My wedding ring.
Couple Uses Ring Pops As Wedding Rings After Real Ones Were Stolen
Horn said there was a certain sadness in finally selling her old wedding band, but because so much time had passed, it was an abstract sadness rather than an extra-kick-in-the-teeth sadness.
In any case, watching the jeweler weigh the ring as she sold it was a moving experience.
It was just so interesting to me seeing it on that little scale, she said. Its something that is so little, and yet is imbued with so much significance and so much emotional weight.
Still, 10 years after her divorce, Horn was more than ready to sell the ring and use the profits to help others.
It felt very good to have it gone, she said. As one could say, it went to a better place.
This story was originally published on Sept. 28, 2017.
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Best Way To Sell Your Wedding Ring
The best way to sell you old wedding ring is The Gold and Silver Exchange. They offer immediate payment or you can send in your items by mail to get paid without ever leaving your home. You are never pressured to sell your items and you have the option to see the testing done firsthand. Youll feel comfortable knowing that your items are handled by professionals that care about your jewelry as much as you.
How To Sell Your Jewelry Online
Once youve decided that you want to sell your wedding jewelry, and youve figured out WHY you want to sell it, then you can start to determine HOW and WHERE to sell it.
If you need to sell your jewelry quickly to make some fast cash, selling to a pawnbroker or a We Buy Gold store will probably be your best bet. When you do that, all you need to do is walk in, give them your rings and take your cash.
Of course, unless you have a certified jewelry appraisal BEFORE you walk in the door, you wont know whether whatever amount the pawnbroker or jeweler is offering you is or is not a good deal.
If you dont need to sell quickly, you can choose a sales method that will take a little longer but net you more cash. In that case, WHERE and HOW you sell depends on the type of jewelry you have.
If you have vintage or unique piece of jewelry that probably isnt worth more than $5,000, selling on Etsy may be a good choice.
If you have a super high-end or designer piece of jewelry, then selling it somewhere like Worthy or Diamond Oaks will probably be your best bet.
The bottom line is that how and where you sell your wedding rings depends on why you want to sell it, and what kind of jewelry youve got.
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When To Remove Your Wedding Ring After Divorce
There is no right time to remove the wedding band after a divorce. You and someone else will have their own distinct set of preferences. If the other spouse moves out, some people take off their wedding rings. The divorce is finalized, so some people remove it once it has been completed. You can keep it and pass it on to your children, or you can tuck it away in a drawer for a few years until you decide to give it away or make a new piece of jewelry out of it. If your husband gave you a ring that was a family heirloom, you should not keep it. You should return it in a divorce, as you are technically no longer considered a member of the family. Wedding ring etiquette, on the other hand, is not a set procedure. You have the option of using whatever works for you. If you dont wear your wedding band, you can put on a divorce ring instead of your engagement and wedding rings on the fourth finger of your left hand. It does not matter what ring is worn on it, and it is not referred to as a ring finger.
Redesign A New Piece Of Jewelry And Give It Away As A Gift
A jeweler can help you transform the ring into a necklace, bracelet, or pair of earrings. If you dont feel comfortable keeping the jewelry, you could give it away as a gift to someone who will appreciate it. Whatever you decide to do with your engagement ring, remember there is no right or wrong answer. Do whatever feels best for you.
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