I finally bought the ring, but then broke it off.. now what?

[teknotard]

Long story short - She was more in love with the idea of getting married and getting the ring, then me. Let's not get into that.

That being said - I have this custom designed platinum ring. 3.21 TCW, center stone is 2.01 "H&A" AGS0, D color, SI1, Strong fluorescence, with ~120 set pave diamonds, 2 x 1mm rubys, a 2.5 mm diamond and a 2.5 mm aquamarine. Total $ ~29,000 (21,500 for diamond and 7500 for band)

I either:

1) keep it re-use the diamond, and metal and pave for the right one
2) sell back as whole
3) sell back in parts
4) Return diamond to Good-old-gold (they have a 75% buy back)

My preference is towards the latter because Id rather have the money now. Anyone been in similar a similar situation? How can I go about loosing the least amount of money?

Thanks in advance for your help.

 

[Iloveblingnz]

Re: I finally bought the ring, but then broke it off.. now w

Sorry to hear your story, hopefully it all works out for you. I can't give advice on how you would get the most money back, I will leave that up to the pro's on here. If you are keen to sell the centre stone seperately, I'm interested if you could provide some more details about the stone. Looks like a fabulous ring, hopefully somewhere down the line the right girl comes along and you can create something as beautiful again. Best of luck

 

[teknotard]

Re: I finally bought the ring, but then broke it off.. now w

Thanks! I am sure it will all work out. I am happy to provide more information regarding the diamond for information - but We will see about private selling for now - I don't think I can even do it on the site anyways. Thanks though. I appreciate it. As a side note, I had a typo in the first post. The main diamond is an E color. Also, though I know it is overly inflated - the appraised value for the diamond was ~30,000 and the ring is expected to be about ~40,000. Not sure if that helps in what people think I should do with it.

Shape: Round
Carat Weight: 2.01ct
Color: E
Clarity: SI1
GIA Cut Grade: Excellent
AGS Light Performance: Ideal
Optical Symmetry: Premium
Polish: Excellent
Symmetry: Excellent
Fluorescence:Strong
Culet: None
Lab Report: GIA
Width: 8.13mm
Length: 8.15mm
Depth: 4.97mm
Table Percentage: 58.00%
Depth Percentage: 61.00%
Crown ∠: 34.80°
Pavilion ∠: 40.80°

 

[dk168]

Re: I finally bought the ring, but then broke it off.. now w

OP,

I cannot offer any advice with regard to the sale of the ring, however, just wanted to say you might have had a lucky escape.

Good luck with whatever you decide.

DK

 

[proto]

Re: I finally bought the ring, but then broke it off.. now w

75% buyback is a godsend i suspect.

If you dont need cash right now, ask if they will consign it for you.

 

[Mikla]

Re: I finally bought the ring, but then broke it off.. now w

I'm sorry this happened to you but as dk168 already said, it's probably for the best. Speaking as a woman, I would say that I would not feel very special if you proposed to me with a ring you bought for someone else. So I agree that selling is your best option. For such a pricy ring, I would recommend selling it back to GOG or consigning it with GOG or Jewels by Grace. Best of luck to you!

 

[Asscherhalo_lover]

Re: I finally bought the ring, but then broke it off.. now w

I would keep it and trade it in at GOG when the time is right. They can possibly consign the mounting at that point.

 

[metatrix]

Re: I finally bought the ring, but then broke it off.. now w

This really depends on your financial situation. If you have use for the money now, or can invest it wisely, then I think you should sell it one way or another. Money is always more valuable when it is working for you somehow.

 

[baby monster]

Re: I finally bought the ring, but then broke it off.. now w

If you don't need the money, I would consign the whole ring rather than breaking it up.

 

[marcy]

Re: I finally bought the ring, but then broke it off.. now w

Sorry for what happened. You listed an option "sell back as whole" does that mean you can get all of your money back? I would pick that option if that is what you meant. If not, I would either sell it to GOG at 75% or put it on consignment somewhere. When you find the right person a new ring and diamond (IMO) is a better start for both of you. Good luck.

 

[distracts]

Re: I finally bought the ring, but then broke it off.. now w

I would do the buyback and consign the setting somewhere. I wouldn't want to hang on to it - I don't think it's mentally healthy to keep it around. Plus, unless you're putting it in a safety deposit box, there's always the chance of it getting lost or stolen, and then you'd have no money, and you don't want to pay to insure a ring that isn't being worn.

 

[Tekate]

Re: I finally bought the ring, but then broke it off.. now w

Take the stone out, keep it, you could use it again.. you don't have to tell the next chick your whole life story.. you should sell the setting for whatever you can get for it... Now some people may think me wrong, but a stone is a stone.. it's a gorgeous stone.

 

[denverappraiser]

Re: I finally bought the ring, but then broke it off.. now w

75% buyback is a pretty strong offer but, as I recall, it also lasts more-or-less forever. That is to say, if you keep it or try some other path, you can always use this as a failsafe offer. Assuming you aren’t really hurting for the money, there’s not much reason to be in a hurry although make sure to read the rules carefully. The hard part is going to be the mounting. Will they take that back too? Will they consign it for you? If so, do it.

 

[pregcurious]

Re: I finally bought the ring, but then broke it off.. now w

I would rather have a smaller stone, than someone's bigger stone that is a leftover. Then again, I'm not in it for the ring.

I would either:
1) Consign the whole piece to GOG
2) When you lose patience, I would do the 75% buyback, and consign the setting. You can also sell the setting here on Preloved, but expect to get 50% of the actual cost. The good thing is that it holds a round stone in a popular size.

I would not keep that thing.

 

[Meezermom]

Re: I finally bought the ring, but then broke it off.. now w

I agree with Tekate. Have the diamond removed from the setting and put it away. It's a beautiful diamond and no one needs to know its history. Lots of diamonds get handed down and have histories. The history with this one is that you dodged a bullet, and will one day go to the one it was meant for.

 

[WillyDiamond]

Re: I finally bought the ring, but then broke it off.. now w

Sell it back to GOG and be done with it. Yes, you will lose some money, but you saved yourself from a big mistake, to me that is worth the price difference and then some. Best of luck.

 

[SirGuy]

Re: I finally bought the ring, but then broke it off.. now w

I think there's a sentimental aspect to consider here. For some, a diamond (even just the stone, not necessarily the whole ring) has an emotional weight to it.

I would like to think that you would feel comfortable sharing everything with your wife. Do you want this stone to be in a ring you use to tell her she's the one for life? And have that odd feeling and memory of what happened with it when you tell her? For some women, an engagement ring is forever, stone and all.

The ring is beautiful, but if it were me, I'd sell it back to GoG and eat the difference.

When you're ready to prepare to propose to your fiancée, you get the fun of designing a new ring, with a new stone, where you can put all of your thoughtfulness, love, and care into it.

 

[angeline]

Re: I finally bought the ring, but then broke it off.. now w

Sell it back to GOG and be done with it. Yes, you will lose some money, but you saved yourself from a big mistake, to me that is worth the price difference and then some. Best of luck.

This.

 

[lambskin]

Re: I finally bought the ring, but then broke it off.. now w

If I was fiance #2 down the road I may want to pick out my own ring and for sure I would not want a ring that was destined for another (unless it was 5++ carats or a family ring). You will have to insure it, stow it away and then modify it to make it work for your next love. I am thinking-without any facts or data to support it- that all of this will be about the 25% you will lose anyway without the constant reminder of the situation.

 

[pregcurious]

Re: I finally bought the ring, but then broke it off.. now w

I think there's a sentimental aspect to consider here. For some, a diamond (even just the stone, not necessarily the whole ring) has an emotional weight to it.

I would like to think that you would feel comfortable sharing everything with your wife. Do you want this stone to be in a ring you use to tell her she's the one for life? And have that odd feeling and memory of what happened with it when you tell her? For some women, an engagement ring is forever, stone and all.

The ring is beautiful, but if it were me, I'd sell it back to GoG and eat the difference.

When you're ready to prepare to propose to your fiancée, you get the fun of designing a new ring, with a new stone, where you can put all of your thoughtfulness, love, and care into it.

So well said.

 

[Dancing Fire]

Re: I finally bought the ring, but then broke it off.. now w

I'm sorry this happened to you but as dk168 already said, it's probably for the best. Speaking as a woman, I would say that I would not feel very special if you proposed to me with a ring you bought for someone else. So I agree that selling is your best option. For such a pricy ring, I would recommend selling it back to GOG or consigning it with GOG or Jewels by Grace. Best of luck to you!

How would you know if he doesn't tell ?...

 

[arkieb1]

Re: I finally bought the ring, but then broke it off.. now w

I think that selling it and moving on with your life is wonderful advice. I would also like to see you get the most money you can back for the ring. If you are not in a hurry contact GOG (they are generally nice people to deal with) explain the situation and ask them if they were to sell the ring on consignment for you how much would you likely get back and how much would you get back selling it to them.

I would also contact Grace from Jewels by Grace and ask roughly how much she thinks you would get for it selling it relatively quickly via consignment;

http://www.jewelsbygrace.com/consignments

And finally if you are able to take really good pictures yourself or have vendor pictures then it might well be that the way to recover the most money for it would be to sell it privately via Loupetroop or DiamondBistro. People look for diamonds and rings that have a discount off retail on these sites and if it is priced too high you just drop the price until someone either buys it or makes you an offer. A good way to start the pricing would be slightly more than you are offered by the above mentioned vendors and see how you go selling it. Having said that a lot of people don't feel comfortable selling things privately - and GOG and Grace take the stress out of dealing with potential purchasers for you.

Here is the link to both sites;

http://loupetroop.com/

http://www.diamondbistro.com/

Goodluck with whichever option you choose I hope that it goes smoothly for you.

 

[Dancing Fire]

Re: I finally bought the ring, but then broke it off.. now w

Selling the stone is not the problem, but how much is he welling to lose on the setting?

 

[Mikla]

Re: I finally bought the ring, but then broke it off.. now w

I'm sorry this happened to you but as dk168 already said, it's probably for the best. Speaking as a woman, I would say that I would not feel very special if you proposed to me with a ring you bought for someone else. So I agree that selling is your best option. For such a pricy ring, I would recommend selling it back to GOG or consigning it with GOG or Jewels by Grace. Best of luck to you!

How would you know if he doesn't tell ?...

She's not going to ask? And if she doesn't, starting the marriage by withholding information about the most important piece of jewelry she is likely to wear in life just seems dishonest to me.

 

[arkieb1]

Re: I finally bought the ring, but then broke it off.. now w

Selling the stone is not the problem, but how much is he welling to lose on the setting?

This is true you should be able to sell the centre diamond relatively quickly but a lot of people will want the centre stone without the setting, because they have different taste or it will not fit them.... You should still be able to sell that setting at the above mentioned places since it is brand new as well, but it will be for a fraction of what you paid for it.

 

[AprilBaby]

Re: I finally bought the ring, but then broke it off.. now w

The price of diamonds will go up. Keep the stone, sell the setting. When the time is right, use that stone or go back to GOG and trade it for another. It would not bother me at all to get a perfectly gorgeous unused stone.

 

[Dancing Fire]

Re: I finally bought the ring, but then broke it off.. now w

I'm sorry this happened to you but as dk168 already said, it's probably for the best. Speaking as a woman, I would say that I would not feel very special if you proposed to me with a ring you bought for someone else. So I agree that selling is your best option. For such a pricy ring, I would recommend selling it back to GOG or consigning it with GOG or Jewels by Grace. Best of luck to you!

How would you know if he doesn't tell ?...

She's not going to ask? And if she doesn't, starting the marriage by withholding information about the most important piece of jewelry she is likely to wear in life just seems dishonest to me.

Why would any girl ask her bf...Where did this ring come from?

 

[Mikla]

Re: I finally bought the ring, but then broke it off.. now w

I have a different opinion than you about withholding this information. Let's just leave it at that.

 

[ponder]

Re: I finally bought the ring, but then broke it off.. now w

I would get as much as you can now. Either use the GOG buy back or consign. What if Future Ms. Right hates round brilliant diamond? I like them on my neck and ears, but not my fingers. My husband's best friend was engaged with a 2ct round brilliant, but didn't marry her. Wife #1 wanted a 2ct princess. Wife #2 just got a 2 ct antique cushion. People vary, especially women. I also personally would not want anything worn by an ex, unless it was a family heirloom.

I would only keep it if you wanted to sell it in the future at a hopefully appreciated value to possible buy a new diamond and setting with the profit.

 

[Dancing Fire]

Re: I finally bought the ring, but then broke it off.. now w

Selling the stone is not the problem, but how much is he welling to lose on the setting?

This is true you should be able to sell the centre diamond relatively quickly but a lot of people will want the centre stone without the setting, because they have different taste or it will not fit them.... You should still be able to sell that setting at the above mentioned places since it is brand new as well, but it will be for a fraction of what you paid for it.

IMO...That's the main reason why the guy shouldn't propose with an expensive setting, too many things can go wrong. Had the OP proposed with a 14K setting he would only be out a few hundred bucks instead of a few thousands dollars with this custom setting.