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Selling a Diamond Ring? Advice needed!

18
Found 25th Aug 2010
A friend of mine got engaged a few weeks ago even though a load of his friends advised him not not to do it due to the fact the girl was nothing but trouble.

Anyway, cut a long story short and they've split up and he's left with an engagment ring worth over £1000 sitting in his sock draw.

He's asked me is there anyway he can sell it and get some money back. He took it down his local jewellery shop and they offered him stupid money.

I've got the ring now and it's boxed with a BGI Diamond Certificate.
It's got the following details on the card.

Cert No. **********

Ring: Round Brilliant cut diamond set in platinum. Hallmarked

Weight: 0.25 ct minimum

BGI Colour: J minimum

BGI Clarity: I1 - I2 minimum

Gem Origin: Natural Diamond

Now, I haven't got a clue what all this means and I'm hoping some of you out there will give me an idea of what it's all about, how much the ring is worth and the best way to sell it.

Cheers.
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18 Comments
problem is-if he bought it from a retail jeweller,there will have been a substantial markup on it-tbh,the chances of getting anywhere close to his money back are slim.

tell him to keep it for when the right girl comes along.
barky

problem is-if he bought it from a retail jeweller,there will have been a … problem is-if he bought it from a retail jeweller,there will have been a substantial markup on it-tbh,the chances of getting anywhere close to his money back are slim.tell him to keep it for when the right girl comes along.



Agree completely, you can get a ring similar to this brand new for well under the price with far better colour and clarity (better than this), and with larger diamond, in all honesty your mate was ripped off for this. He would be lucky to get a couple of hundred on ebay (very lucky)
Edited by: "silkymolo" 25th Aug 2010
That's an extremely low quality diamond. L1 is large inclusions and J is far down in the colour ranks! Where did he get it from to pay that much for it?! Could he return it to the shop he bought it from if it was only a few weeks ago?

To give you an idea... I have a 0.33 carat eternity ring in 18 carat white gold with colour E and clarity IF and that was £350. Even though that ring is platinum... it was way overpriced!
Edited by: "baffledsalmon" 25th Aug 2010
tinkerbell28

He paid a lot for a fing with only 0.25ct diamond platinum or not oO



I got an 18ct white gold diamond ring with 0.35ct diamond for £90 brand new, good old jewellery channel lol, and the diamond they use are really really good (even their rubbishy ones are better than what you get at high street jewellers

baffledsalmon

That's an extremely low quality diamond. L1 is large inclusions and J is … That's an extremely low quality diamond. L1 is large inclusions and J is far down in the colour ranks! Where did he get it from to pay that much for it?! Could he return it to the shop he bought it from if it was only a few weeks ago?



Think it's I(i)1 OP is talking about so not the best but defo decent
i smell a rat
As others have said, poor quality diamond for that money, not to mention it's pretty small as well.
stuartsdog

i smell a rat


Well for starters it's clearly not "his friend" who's been dumped! Haha!
I deleted my comment because baffledsalmon has pretty much covered it. Personally I think he's lying about how much he paid for it as 1k for that diamond is way way too much despite the setting, platinum etc
dh058977

I deleted my comment because baffledsalmon has pretty much covered it. … I deleted my comment because baffledsalmon has pretty much covered it. Personally I think he's lying about how much he paid for it as 1k for that diamond is way way too much despite the setting, platinum etc



You would be shocked! I saw a certified diamond in Goldsmiths that was 18ct gold with about same size for £1k, high street jewellers are rip off with low quality goods. I would only ever buy from one of the tv jewellery channels or an independant jeweeler as you get more for your money, and tends to be a superior quality to high street
silkymolo

You would be shocked! I saw a certified diamond in Goldsmiths that was … You would be shocked! I saw a certified diamond in Goldsmiths that was 18ct gold with about same size for £1k, high street jewellers are rip off with low quality goods. I would only ever buy from one of the tv jewellery channels or an independant jeweeler as you get more for your money, and tends to be a superior quality to high street



Very true! And I know where your coming from. I proposed in Jan and it took me ages to find the right ring, not because there weren't loads out there but because of the shocking prices on the high street for very very little.
So how much would you say this ring would be work on ebay?
Best plan keep it for your next girl friend
sod the diamond, so what happened with ur fiancee, sorry i mean ur friend's fiancee?!!
should've gone to Hatton Gardens and got a much much much better deal. (much x2000%)
na this poster has posted up about him and his wife in the past - oh you lot are such rotters!!! but going on a few past ex posters (& current lol) on here, who can blame you!
haha BB....... u know the misc!
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