Frequent question: Can I trade in my old wedding ring?

Do jewelers take trade ins?

The jeweler will offer you a trade-in price that you won’t receive in cash but will be able to use for the purchase of another item from the store. … Jewelers will be willing to offer you a better trade-in price since you will make a new purchase at their store.

How much can I get for my old wedding ring?

While the factors above all influence the resale price of an engagement ring, in general you can expect to get 20-45% of the original retail price. If you sell your ring to a jeweler, this number will be affected by their markup. Larger stores will likely have a higher markup than your local independent jeweler.

Is it better to pawn or sell jewelry?

Even if you do meet all of your payments, the main difference between pawning diamonds and jewelry and selling diamonds and jewelry is that whereas selling generates cash, pawning only lends you money that you have to pay back with interest. … Diamond buyers alone can offer the best prices for your diamond.

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Does Kay Jewelers appraise rings?

Every diamond and fine jewelry purchase at Kay’s Fine Jewelry (above $1000) comes with a certified lab appraisal for insurance and evaluation purposes. … Jewelry pieces purchased for less than $1000 are accompanied by a detailed In-store appraisal with full listings.

Is it ok to wear your wedding ring after divorce?

‘ In a divorce, [the wedding ring is] usually seen as separate property in the divorce since it was given as a gift.” There are exceptions to every rule, but generally speaking, each partner gets to keep their respective rings.

What did you do with your wedding ring after divorce?

If the marriage ended relatively amicably, some people do choose to wear their wedding ring or engagement ring on the right hand, as a reminder of their continued friendship with their ex. … “So, most people have a tendency to sell the ring, to give it away, to give it back, or to have it turned into something else.

Why is diamond resale value so low?

The reason resale prices for diamonds are so low compared with retail prices is that jewelers buy diamonds in bulk, at wholesale prices, which are much lower. … There is no reason for a jeweler to pay the same price for your diamond when such a stone can be bought for much less from a diamond dealer.

Can you return a ring if she says no?

Even if she doesn’t want the engagement ring, you may still be eligible for a refund. Most premier jewelers will accept a return on an unworn item for 30 days. This date is typically from the date the product arrived, and not from the date the purchase was made.

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Should you return engagement ring after break up?

If the relationship ends before the marriage occurs, the ring should be returned to the ring giver, regardless of who was at fault for the relationship ending. … However, if the person who gave the ring unjustifiably broke the engagement then the ring recipient is not obligated to return it.

Why do pawn shops rip you off?

If you walk into a pawn shop and try to sell an item without knowing its value, then you’re asking to be ripped off. … They likely work for the shop, which means they’re going to low-ball the item so their employer can acquire the item for much less than the true market value.

Can I sell my ring to Kay Jewelers?

You may trade in any diamond/diamond jewelry item purchased at KAY Jewelers (excluding lab-created diamonds/diamond jewelry) for a new diamond/diamond jewelry item that is at least double the trade-in value. Trade-in value is the original purchase price of the trade-in, excluding charges such as tax and shipping.

Do pawn shops appraise jewelry?

Get your jewelry appraised.

You can find appraisers and jewelers near you by doing an online search. Remember that a pawn shop won’t typically offer the true value of your jewelry, but it’s good to get an idea of what it’s worth, so you know what to expect at a pawn shop (about 60% to 70% of its true value).