a question about jewelry. a diamond ring?
mariee asked:
I was given a ring today by someone.
It used to be her wedding ring.
She said its a 5 karat diamond.
About how much do you think its worth?
As for the comment on how ‘people just don’t give away 5karat diamond rings’.. It was my mother that gave me it. She got divorced after twenty years of marriage, and doesn’t want the ring anymore. Not that its any of your business anyways.
I was given a ring today by someone.
It used to be her wedding ring.
She said its a 5 karat diamond.
About how much do you think its worth?
As for the comment on how ‘people just don’t give away 5karat diamond rings’.. It was my mother that gave me it. She got divorced after twenty years of marriage, and doesn’t want the ring anymore. Not that its any of your business anyways.
November 19th, 2008 at 8:48 pm
i don’t think people just give away 5karat diamonds , a jeweler would be able to tell u it’s value.
November 20th, 2008 at 10:45 pm
depending on the cut, it could be anywhere from $125 to $450. Lucky girl!
November 22nd, 2008 at 11:55 pm
5 carats?! You are one lucky chica. And don’t believe that it could be between $150 - $450. That is absolute baloney and they don’t know what they’re talking about. That is a big diamond for a ring. That should easily be in the $10,000s. Most brand new 1 carat solitaires are at least $1500 - $2000 on the lower end!
First of all, I would get it appraised. If it really is 5 carat diamond, and not a 1/5 or 5/8, then it is an heirloom piece and a professional should look at it and determine the price depending on the 4 C’s : Cut, Colour, Clarity, and Carat. You can bring it to your local jeweler.
Good luck!
November 23rd, 2008 at 11:43 am
The ring will probably have a high appraisal value, especially if your clarity and color are good (better than SI2 clarity, and better than H color). It could be close to the $25,000 mark. But don’t get so excited yet… a jewelry appraisal says nothing. If you try to sell it to a private party, that’s likely how you’ll get the most money…but if you take it to a jeweler, they won’t give even 1/3 of what it’s worth, IF that.. Why? First, because jewelry generally has a 300% markup. Jewelers can purchase your $30,000 diamond for $10,000. Secondly, if your diamond is not certified either by the AGI or the GIA, it loses some value also. Plus, in all likelihood, they will probably melt the metal down and use it for something else, and use the stone in something else too, unless it’s a ring that’s a popular style that they can sell again. You should be able to get an appraisal from a reputable jewelry store from $75 to $100, which will tell you exactly what grade of diamond it is. Your best bet is truly to hold on to it, and if you don’t like the style, have a jeweler re-build it for you, rather than try to sell it for what is “worth” on the appraisal and your emotional connection to it.