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What could I sell this for today? (Purchased in 2000)

DelRizzo

Rough_Rock
Joined
Apr 4, 2021
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Hey folks, I picked this up at a steal of a deal last week. What kinda money would you sell this for today? It's 18K yellow gold and platinum. I've attached the appraisal of the engagement ring from 2000. Ithis question goes against this groups policies I apologize.( I'm not looking to sell it here) I just want to get a ballpark figure. It also came with a matching wedding band in 18K yellow gold and platinum. There is no appraisal on the wedding band. Size 5. Thanks.received_261489395690849_edit_9246904769941.jpgreceived_1110196556159296.jpegreceived_719123632088015_edit_9645118814151.jpgIMG_20210404_202845.jpg
 
How much did you pay for it?
 
Start with looking at a comparable diamond. I don't know the cut quality on it.

A similar diamond, new, no comment on quality of cut, is $360 to $450 looking at James Allen.


Your stone is uncertified, so what you have is a range and probably a very kind range.

Most people would look at a new stone and see what it would cost and then discount 30 percent from there. Because your stone is not certified and could be at least a grade or two lower than stated, take another 20 percent or so off. Princess cut is also not as popular as it was.

I doubt you'd get more than $300 to $400 for the set. The diamond is not worth very much with the size, lack of clear specs and cut quality.
 
the diamond isn’t worth much. You would need a report to see what you have.

then you have the value of the scrap metal: gold and platinum.

Really, it’s worth about $600 can because that is what you, a buyer, paid for it.
 
You wont sell it for more than you paid. The diamond is uncertified meaning you dont actually know the color or clarity. So for the stone itself maybe $350. Then the price of metal.
 
Sounds like it was priced fairly. A quick search using the PS search engine shows comparable diamonds retail in the $450-650 USD range.

I completely agree. If the little card is right, you paid a good price to enjoy and wear it. If your plans are resale, you may be disappointed.
 
The 18K yellow gold and platinum is worth way more than the stone.
 
Melt value, what you’d be able to get, around $280. A pawnbroker will probably offer you $200.
On sites like eBay, people tend to pay more because it’s wearable jewellery but eBay and PayPal take about 14% of the price in fees.
 
Its a great find
i love a princess cut
wear it and love it and enjoy :kiss2:
 
This calculates what full scrap is worth. What you actually get will vary, depending where you go to sell the gold and how much scrap you have. Could be anywhere between 60%-98%. When I melted about 350 grams of scrap they gave me 98%, but the guy said he wont bother with anything under 200 grams.

 
Comparing your stone with a certified stone is not a good price comparison. IMO you'll be lucky to unload it for
what you paid for it. Trying to find a buyer can be difficult. Hence, why the price was low to start with.
 
...
On sites like eBay, people tend to pay more because it’s wearable jewellery but eBay and PayPal take about 14% of the price in fees.
Just to add some info: ebay U.S.A. site has forced most sellers into "managed payments" where they must connect a bank account to their ebay account. Fees for Jewelry & watches category include an insertion fee for the listing, and a final value fee "12.35% on total amount of the sale up to $1,000 calculated per item" as of today, 4/5/2021. Look at the FAQ section for Canada to see what they're doing there. But imo, ebay has killed itself off as a sales venue now.
 
Comparing your stone with a certified stone is not a good price comparison. IMO you'll be lucky to unload it for
what you paid for it. Trying to find a buyer can be difficult. Hence, why the price was low to start with.

This. I hope you bought it to enjoy, not to sell.
 
This. I hope you bought it to enjoy, not to sell.

I’d take the diamond out, clean it up and see how it would look as a pendant. Princess diamonds have fallen out of favor right now but you might have a nice pendant or sell the stone for like a promise ring or a side stone.... but without a report, you are just guessing what it is. You can look on the GIA website to see how much a report is and it may not be worth it. Once you clean it up and get it out of that setting, you might be able to eyeball it to see if it is pleasing in color and if it has any life.

scrap the metal— you aren’t going to get much more for the metal than now. I don’t know how you would separate the gold from the plat though.

I’m not sure why you thought it was some great steal? Truthfully, the person was probably happy he or she finally sold it.
 
A lot of the resale question is included in your question itself. How much could YOU sell it for? Even if it were identical, you probably couldn't get James Allen's prices. That's why they do what they do. Even with individuals, there's a skill to this. Some people do a lot better than others. If that didn't make sense to you, then it's not you.

Most buyers don't care for 'used' mountings and will steeply discount them, usually all the way to the salvage value of the metal. Lots of good advice above about pricing the diamond itself. A buyer's plan will almost certainly be to take the stone out, make their own special thing out of it, and recycle the metal. They will bid accordingly. If you are selling to a dealer, it will be less work but the price will be that less a commission.
 
Did you purchase last week or in 2000? Title and first post don’t seem to agree with each other?
 
I have 2 brand new .5 carat princess cut diamonds that I listed for $900 I VS2 and got no interest, If i really wanted to sell them I would go down to $600, and thats for two diamonds! I think you'd be lucky to get $400 personally.
 
Did you purchase last week or in 2000? Title and first post don’t seem to agree with each other?

I *think* OP meant that the original piece was purchased by someone in 2000 but that he/she bought it last week. But not sure
 
Another general comment: You asked about how much you could sell for 'today'. Time pressure almost has a negative effect on price. Reselling to top dollar often takes a bit of time. Even a few weeks can be a problem depending on where you are, who you're selling to, and how you plan on advertising.
 
OP, any chance you're still within the return period? You'd probably make more money returning it for a full refund, as compared to trying to sell it IMHO
 
OP, any chance you're still within the return period? You'd probably make more money returning it for a full refund, as compared to trying to sell it IMHO

This. I was thinking OP should return and get his money back if he can.

Its hard to take pics of diamonds— we all know this, and that diamond could be coated in dirt and oil. In the pic it appears to be a poorly cut lifeless diamond. Not to mention it could have chips or cracks....
 
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I think the “Evaluation certificate” has encouraged the buyer into thinking a huge profit was possible. If it was worth $4,000 12 years ago it must be worth $5,000 plus now.
Valuations, evaluations etc quoting retail prices have little bearing on what a pre loved wedding set can be privately resold for.
Pre loved Wedding sets are difficult to resell, very few people want someone’s else used engagement and wedding ring.
The centre diamond being a princess cut affects the resale value because princess cuts are out of favour. It is also smaller and not of good clarity.
$500 isn’t a bad price for the set, but to now resell it at a profit is unlikely.
 
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