Inherited Diamond Jewelry $18,000 +?
Kyle N asked:
I’ve recently inherited some jewelry from my grandmother, of which I had about 8 pieces appraised, and they total above 18,000. Now the most expensive one out of the bunch and is my primary reason for asking. Is a 1.5 ct white diamond silver ring with approx .75 cts in smaller stones surrounding the large one, I believe alltogether 2.25 Ct’s without looking at appraisel doc. But the price its’ apparised at is close to 9,000.00. So where could I go to sell this type of ring, without getting “SCREWED” i’ve had some whacky offers from jewelers for the rest of the stuff, which is other pieces with stone in them, and I received offers as low as 300-500 for 5,000 worth of appraised jewelry, Where can I sell this safely and get the most for my money?? - Forth Worth TX here.
I am already married, AND we need the money. I speant 15k on her funeral because there wasn’t any insurrance. I need the reimbursement unfortunately or I would keep them.
I’ve recently inherited some jewelry from my grandmother, of which I had about 8 pieces appraised, and they total above 18,000. Now the most expensive one out of the bunch and is my primary reason for asking. Is a 1.5 ct white diamond silver ring with approx .75 cts in smaller stones surrounding the large one, I believe alltogether 2.25 Ct’s without looking at appraisel doc. But the price its’ apparised at is close to 9,000.00. So where could I go to sell this type of ring, without getting “SCREWED” i’ve had some whacky offers from jewelers for the rest of the stuff, which is other pieces with stone in them, and I received offers as low as 300-500 for 5,000 worth of appraised jewelry, Where can I sell this safely and get the most for my money?? - Forth Worth TX here.
I am already married, AND we need the money. I speant 15k on her funeral because there wasn’t any insurrance. I need the reimbursement unfortunately or I would keep them.
August 8th, 2007 at 10:52 am
Wow. Are you sure you don’t want to keep them as family heirlooms and possibly give them to your wife one day? They sound too beautiful to just sell off like that…
I’m sorry. If you need the money then you need the money. I don’t live in that area so I can’t help you there. But damn that’s a shame…Diamonds are a girl’s best friend!
August 9th, 2007 at 12:11 pm
girl below is right… give the ring to your future wife.
August 12th, 2007 at 10:56 pm
Well, why don’t you research this online instead of asking people who most likely won’t know?
Since you got them appraised, why don’t you bring that document with you when you go to sell them so you can demand a reasonable value.
August 14th, 2007 at 2:52 am
Unfortunately the appraisal price doesn’t necessarily translate into sale price.
The appraisal price is great for insurance purposes. But if you’re trying to sell it back to a jeweler, they need to make a profit off the ring too and they know they won’t get the full appraisal price when they sell it. These stores that offer you 300$ will likely melt the ring and use the materials to make another ring that sells for $500-$600. That difference in price isn’t full profit because it takes time (therefore money) to melt and remake a ring…
My engagement ring is a perfect example of that. It’s appraised at much more than was actually paid for it - I’d never be able to walk into a jeweler and demand the appraised price…it just doesn’t work like that.
However, since they sound like antiques, your best way of making some money is to sell them as antiques. Look up antique sellers or go to a high end antique store. Even ebay would work. I have an antique store near my place and they sell really high end rings like this. You will want to bring the certificate from the appraiser as proof of “value”.
Try going to antique jeweler sites, fill out the “sales” forms and see what type of estimates you can get…take the best offer. LIke this one: (really, can it hurt to do this? It might help if you can upload a photo of the ring)