Friday, February 10, 2012

Recycling Diamonds

Who has a need for a used diamond ring? It would seem to be a great deal for someone but who would trust me to sell them a legitimate diamond at a good price?


Thus here is my dilemma... I have 2 diamond rings that sit in a safe deposit box at the bank. But how do I sell them?


I found a few places online that say they will buy your diamonds at a much higher price than a pawn shop. So I contacted a couple of them. What a joke. One I still haven't heard back from and the other one was asking me for another ring before they even responded about the first one. And don't believe what they say... I think I could get a bigger tax write off to donate it than what they finally offered for the ring. It's ridiculous!


So now what do I do with them?


I'm thinking consignment might be an option. I have learned that some stores will do this for a 20%+ commission but it will take longer to sell. I do have time... well, some time anyway. Is it worth trying? I guess so. Sitting in the safe deposit box is only costing me money. But who offers such a service? Locally that is. Not sure I trust to mail if off somewhere. Then again, I could have the same trouble locally I suppose. What's a person to do?


I wish I could find someone that would just buy it outright. Maybe offering to meet at the jewelry store I purchased it from to authenticate it would put someone at ease? Is there anyone out there that has been through this that might have some suggestions for me? 


Better yet, is there anyone out there that wants a good deal on a 2.03 carat diamond ring as pictured (except in white gold)? If so I have just the deal for you! 


Then again, it might just end up being made into a set of diamond earrings and a pendant necklace. Although how often would those get used as opposed to the ring? It's a no win situation I believe. 


So, in summary, don't waste money on diamonds! They aren't worth it regardless of how beautiful they seem at the time! They are a bad investment. Buy chocolate instead!

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