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cruise_bone · 9 September 2015, 06:48 AM

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 · 9 September 2015, 06:50 AM

PM him don't make it a thread

superdog · 9 September 2015, 06:51 AM

i think your friend should start acting on his own.

cruise_bone · 9 September 2015, 07:14 AM

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

J!m · 9 September 2015, 07:16 AM

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

locutus49 · 9 September 2015, 07:19 AM

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

Sal_UKSheffield · 9 September 2015, 07:19 AM

Quote:

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 · 9 September 2015, 07:32 AM

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 · 9 September 2015, 07:48 AM

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 · 9 September 2015, 07:56 AM

Quote:

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.

jhe888 · 9 September 2015, 08:04 AM

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 · 9 September 2015, 08:25 AM

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...

goldfixer21 · 9 September 2015, 08:28 AM

Quote:

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.

Tools · 9 September 2015, 08:30 AM

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 · 9 September 2015, 10:37 AM

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

Manofsteelpt · 9 September 2015, 10:48 AM

Quote:

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 · 9 September 2015, 11:31 AM

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

nads070 · 9 September 2015, 01:05 PM

Quote:

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!

GB-man · 9 September 2015, 01:25 PM

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 · 9 September 2015, 05:57 PM

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.

Abdullah71601 · 9 September 2015, 07:44 PM

Quote:

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.

Maess · 9 September 2015, 10:58 PM

He'll be lucky if he gets scrap value.

Brushpup · 9 September 2015, 11:15 PM

New Jewelry will tank in a most spectacular fashion.

beshannon · 9 September 2015, 11:44 PM

Quote:

Originally Posted by Maess

He'll be lucky if he gets scrap value.

Exactly, that has been my experience.

Abdullah71601 · 9 September 2015, 11:57 PM

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.

Manofsteelpt · 10 September 2015, 12:10 AM

Quote:

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.

azguy · 10 September 2015, 01:17 AM

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

Abdullah71601 · 10 September 2015, 02:51 AM

Quote:

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.

VICI · 10 September 2015, 11:53 AM

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

cruise_bone · 11 September 2015, 01:56 AM

Quote:

Originally Posted by VICI

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

This makes a lot more sense.

9 September 2015, 06:48 AM	#1
cruise_bone "TRF" Member Join Date: Jul 2012 Real Name: John Location: Atlanta Posts: 982	jewelry as part of payment? 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.

9 September 2015, 06:51 AM	#3
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,834	i think your friend should start acting on his own. __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

9 September 2015, 08:30 AM	#14
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,515	this isn't a Rolex Watch discussion.. moved to open discussions.. Nobody really knows what somebody else will accept as partial payment for anything.. __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

9 September 2015, 05:57 PM	#20
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	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. __________________ Yeah, well, you know, that's just, like, your opinion, man.

9 September 2015, 11:15 PM	#23
Brushpup "TRF" Member Join Date: Jun 2007 Real Name: Patrick Location: Texas Watch: what I'm wearing Posts: 5,943	New Jewelry will tank in a most spectacular fashion. __________________ *TRFs "AFTER DARK" Bar & NightClub Patron-Founding Member* PClub # 10 74,592 The safest place for your watch is on your wrist.

9 September 2015, 06:50 AM	#2
Duey 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Duey Location: Maui Watch: Too Many To List Posts: 3,598	PM him don't make it a thread

9 September 2015, 07:14 AM	#4
cruise_bone "TRF" Member Join Date: Jul 2012 Real Name: John Location: Atlanta Posts: 982	It was really just a general question to all here asking if jewelry has been used as part of the payment process.

9 September 2015, 07:16 AM	#5
J!m "TRF" Member Join Date: Sep 2014 Real Name: Jim Location: Connecticut Watch: this! Hold my beer Posts: 2,839	I noticed one of our trusted sellers is open to loose diamonds but not sure if he'd want an empty setting...

9 September 2015, 07:19 AM	#6
locutus49 Banned Join Date: May 2014 Real Name: John Location: La Jolla, CA Watch: Platona Posts: 12,194	You could call it an invisible stone that only desperate women can see. Or not.

9 September 2015, 07:32 AM	#8
sco "TRF" Member Join Date: Dec 2013 Location: Chicago Watch: Subc AT 8500 CSO Posts: 3,646	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

9 September 2015, 07:48 AM	#9
cataby "TRF" Member Join Date: Jul 2015 Location: midwest Watch: sea dweller Posts: 120	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.

9 September 2015, 08:04 AM	#11
jhe888 "TRF" Member Join Date: Apr 2015 Real Name: John Location: Texas Posts: 377	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.

9 September 2015, 08:25 AM	#12
goldfixer21 2024 SubLV41 Pledge Member Join Date: Jun 2013 Location: Florida Posts: 807	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...

9 September 2015, 10:37 AM	#15
watchwatcher "TRF" Member Join Date: Jan 2009 Real Name: Larry Location: Kentucky Watch: Yes Posts: 35,047	Why don't you have your "friend" ask someone?

9 September 2015, 11:31 AM	#17
Dyim "TRF" Member Join Date: Oct 2014 Location: Canada Posts: 2,237	Just save it for your next girl, err I meant your "friend's" next girl.

9 September 2015, 01:25 PM	#19
GB-man 2024 SubLV41 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,355	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.

9 September 2015, 10:58 PM	#22
Maess "TRF" Member Join Date: May 2015 Location: Minneapolis Posts: 50	He'll be lucky if he gets scrap value.

9 September 2015, 11:57 PM	#25
Abdullah71601 Banned Join Date: Aug 2014 Location: Calumet Harbor Watch: ing da Bears Posts: 13,568	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.

10 September 2015, 01:17 AM	#27
azguy Banned Join Date: Sep 2011 Real Name: ------- Location: ------- Watch: --------- Posts: 12,609	Pawn it and move on, like many things in life, take your losses and don't look back.

10 September 2015, 11:53 AM	#29
VICI "TRF" Member Join Date: May 2012 Real Name: Alex Location: Gotham City Watch: IG: Mr_Right_NYC Posts: 5,672	Hence why I keep saying to buy a Rolex instead of an engagement ring!!!

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