jewelry as part of payment?

[cruise_bone]

Hello All,

I have a "friend" who is soon to be single.

He has an engagement setting that cost roughly $4k but never got to the point of putting a diamond in it, or proposing. Thank God!

Has anyone here traded in such a piece of jewelry as part of the payment towards a new piece?

I hear that my friend needs a new Explorer II 42mm Black dial and he is curious if he could use the ring as part of the payment.

He tells me it is a Tacori setting so I think he might have a better shot with an AD who is a Tacori seller, but I'm not sure.

Ebay is an option but not sure how much could be made there. He's hoping to get about half of the purchase price as a trade in, or sale on Ebay. He's just not sure which is the easier route.

Hey, David SW, interested in a nice Tacori setting? It is Platinum with a few little diamonds on each side of the center stone.

[Duey]

PM him don't make it a thread

[superdog]

i think your friend should start acting on his own.

[cruise_bone]

It was really just a general question to all here asking if jewelry has been used as part of the payment process.

[J!m]

I noticed one of our trusted sellers is open to loose diamonds but not sure if he'd want an empty setting...

[goldfixer21]

Originally Posted by J!m

I noticed one of our trusted sellers is open to loose diamonds but not sure if he'd want an empty setting...

this is true, but you are still going to pay market price for their watch, and they are going to pay less than wholesale for your diamond.

[locutus49]

You could call it an invisible stone that only desperate women can see. Or not.

[Sal_UKSheffield]

Originally Posted by cruise_bone

Hello All,

I have a "friend" who is soon to be single.

He has an engagement setting that cost roughly $4k but never got to the point of putting a diamond in it, or proposing. Thank God!

Has anyone here traded in such a piece of jewelry as part of the payment towards a new piece?

I hear that my friend needs a new Explorer II 42mm Black dial and he is curious if he could use the ring as part of the payment.

He tells me it is a Tacori setting so I think he might have a better shot with an AD who is a Tacori seller, but I'm not sure.

Ebay is an option but not sure how much could be made there. He's hoping to get about half of the purchase price as a trade in, or sale on Ebay. He's just not sure which is the easier route.

Hey, David SW, interested in a nice Tacori setting? It is Platinum with a few little diamonds on each side of the center stone.

He NEEDS a new explorer 2 LOÒL

[sco]

Yup, I found a diamond in old parking lot and traded it's value towards my Sub. I also sold my ATV to help, but the AD didn't buy that from me

[cataby]

Having dealt in used jewelry in the past (pawn shop), I will just toss this out there. He will NEVER get 1/2 his payment out of it. 1/10 is probably closer and if someone is willing to give him 1/4 he should jump on it. Anyone willing to give him 1/2, well he should run to them immediately. Used rings have little to no resale value.

Sorry.

[cruise_bone]

Originally Posted by cataby

Having dealt in used jewelry in the past (pawn shop), I will just toss this out there. He will NEVER get 1/2 his payment out of it. 1/10 is probably closer and if someone is willing to give him 1/4 he should jump on it. Anyone willing to give him 1/2, well he should run to them immediately. Used rings have little to no resale value.

Sorry.

Does it matter that it is not a Used ring? It is essentially a setting only, no diamond has ever bet set in it, and no one has ever put it on their finger.
It is new in box and unworn.

[Manofsteelpt]

Originally Posted by cataby

Having dealt in used jewelry in the past (pawn shop), I will just toss this out there. He will NEVER get 1/2 his payment out of it. 1/10 is probably closer and if someone is willing to give him 1/4 he should jump on it. Anyone willing to give him 1/2, well he should run to them immediately. Used rings have little to no resale value.

Sorry.

10% is absurd... It's a brand new designer ring (maybe you haven't heard of Tacori), I think he can get about half.

OP, have to sell it on your own. Tell ur friend to toss it on E and see what's up. Good luck to him.

[Dyim]

Just save it for your next girl, err I meant your "friend's" next girl.

[Abdullah71601]

Originally Posted by Manofsteelpt

10% is absurd... It's a brand new designer ring (maybe you haven't heard of Tacori), I think he can get about half.

OP, have to sell it on your own. Tell ur friend to toss it on E and see what's up. Good luck to him.

It's not brand new. It stopped being brand new when he bought it. Regardless of whether it was worn, it's still not new. And who knows if this designer ref# is even popular right now.

He should be able to get the value of the metal out of it. So, he can decide whether to take the loss now, or hang on to the setting for the next girl he almost marries.

[Manofsteelpt]

Originally Posted by Abdullah71601

It's not brand new. It stopped being brand new when he bought it. Regardless of whether it was worn, it's still not new. And who knows if this designer ref# is even popular right now.

True on the popularity of the piece, but Idt their styles vary year to year.

As for the "not brand new" comment... What are your thoughts on all the "BNIB" watches for sale that are NOT from an AD? Do you consider these brand new still? Not saying you're right or wrong here, just curious of your thoughts on this.

[Abdullah71601]

Originally Posted by Manofsteelpt

True on the popularity of the piece, but Idt their styles vary year to year.

As for the "not brand new" comment... What are your thoughts on all the "BNIB" watches for sale that are NOT from an AD? Do you consider these brand new still? Not saying you're right or wrong here, just curious of your thoughts on this.

BNIB is typically a gray market watch. I would not be the original buyer, which makes it pre-owned. It doesn't matter that it's a trusted seller. He's not an AD. To buy a new Rolex, I need to go to the AD.

BNIB in the TRF classifieds is a condition statement that carries a bit more certainty than "mint" or some subjective numerical scale. Since the resale value of a Rolex depends on condition and accessories (B&P), the BNIB condition commands a higher resale price than other pre-owned watches. I know I'm not buying a new watch, but I'm getting a much bigger discount for the pre-owned BNIB watch than any AD would give me on a new watch.

[nads070]

Originally Posted by cataby

Having dealt in used jewelry in the past (pawn shop), I will just toss this out there. He will NEVER get 1/2 his payment out of it. 1/10 is probably closer and if someone is willing to give him 1/4 he should jump on it. Anyone willing to give him 1/2, well he should run to them immediately. Used rings have little to no resale value.

Sorry.

Agreed!

[jhe888]

They might buy the setting, or allow it as a partial trade in. He will get a fraction of it's retail price or even of any discounted price he paid for it. Like a third. Maybe. On a good day. It wouldn't surprise me if it is less. Its status as unworn is irrelevant.

It may just be worth the melt price of the gold, depending on the jeweler.

They aren't "screwing" him or "insulting" him when they tell him the $4000 (his price) setting is worth $1200 (or $800) in trade. That just reflects the realities of the retail jewelry business and the huge markups involved.

[goldfixer21]

I have a jewelry store, I generally figure up what it would cost me to duplicate and offer half of that. With designer rings, like Tacori, I'll pay more, but no where near 1/2 of new price. Tacori is a label that gets a high premium over intrinsic value when new. It's like any retail item, it's only new once...

[Tools]

this isn't a Rolex Watch discussion.. moved to open discussions..

Nobody really knows what somebody else will accept as partial payment for anything..

[watchwatcher]

Why don't you have your "friend" ask someone?

[GB-man]

Unfortunately for your buddy used jewellery is worth about as much as a full plastic bag after walking the dog. GIA stones are another matter but we are talking settings.

[bayerische]

From my experience, used (not bought right now from a store, wrapped and all) doesn't hold a LOT of re-sale value.

Women don't want used jewlery.

[Maess]

He'll be lucky if he gets scrap value.

[beshannon]

Originally Posted by Maess

He'll be lucky if he gets scrap value.

Exactly, that has been my experience.

[Brushpup]

New Jewelry will tank in a most spectacular fashion.

[Abdullah71601]

Jewelry is a decent investment in your partner's happiness, but a terrible place to put your money if a return is expected. The 'friend' would have been better off with a Ladies Rolex, as it would still have value.

[azguy]

Pawn it and move on, like many things in life, take your losses and don't look back.

[VICI]

Hence why I keep saying to buy a Rolex instead of an engagement ring!!!

[cruise_bone]

Originally Posted by VICI

Hence why I keep saying to buy a Rolex instead of an engagement ring!!!

This makes a lot more sense.