I've heard decent things about Tysons Watch and Jewelry Exchange but expect to be shocked by how little you are offered.

Make yourself go to several of those places but walk out without selling. Just use it for data to see who has the best deal. Loup Troup is another good place where people buy/sell.

Good luck. Jewelry is such a rip off. Most people have no clue how little their stuff is worth. I always buy used now from places like above.

If anyone tells you to consider a diamond a good investment, laugh at them.

How do you know you own it

Anonymous wrote:

Anonymous wrote:“Clear” is not a diamond grade. Did it ever have a GIA certification?

Op: yes, I have the GIA certification. It says rectangular modified brilliant, 1.51 carats, clarity grade is VS1. Color grade is F.

Do you know where your ex purchased it from? If you have the GIA certification, see if they will buy it back. This is what I did. Ring was purchased for approximately $6k, I got a check for $3k.

https://www.youtube.com/watch?v=uYlOIKtYsos

In Philadelphia it's worth 50 bucks

Don’t keep it, the odds that one of your kids wants it are low. The odds are higher that none or more than one will, and it’s not worth the hassle.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Any kids? Keep it for them and let them melt down the metal and re-use the stone. That's a much better "value" than hawking it for 30% of the appraised value.

I have three kids and had one large diamond. I don’t see the point of giving one a diamond that symbolizes broken promises and a broken family.

Or you could look at it as the diamond that symbolizes the love and the union that created you so here now you can save money.

This. You really think one of your sons wants to shell out for an engagement ring while simultaneously trying to save for a wedding AND a house downpayment AND prepping for a kid within 5 years AND....

Hold the ring for one of your kids. One of them will want it. Don't do anything with the ring until you're in a better head space where you see it as "just another asset," as mentioned by a PP.

Anonymous wrote:

Anonymous wrote:Any kids? Keep it for them and let them melt down the metal and re-use the stone. That's a much better "value" than hawking it for 30% of the appraised value.

I have three kids and had one large diamond. I don’t see the point of giving one a diamond that symbolizes broken promises and a broken family.

Then hold the ring until you heal emotionally, and can see it as just another asset.

Anonymous wrote:

Anonymous wrote:Any kids? Keep it for them and let them melt down the metal and re-use the stone. That's a much better "value" than hawking it for 30% of the appraised value.

I have three kids and had one large diamond. I don’t see the point of giving one a diamond that symbolizes broken promises and a broken family.

Or you could look at it as the diamond that symbolizes the love and the union that created you so here now you can save money.

Anonymous wrote:Any kids? Keep it for them and let them melt down the metal and re-use the stone. That's a much better "value" than hawking it for 30% of the appraised value.

I have three kids and had one large diamond. I don’t see the point of giving one a diamond that symbolizes broken promises and a broken family.

Is it insured? Throw it in the Potomac and make a claim.

I got the best amount from May Jewelers. My Tiffany ring was 16k and I got 5k for it and the band (band was not from Tiffany).

Any kids? Keep it for them and let them melt down the metal and re-use the stone. That's a much better "value" than hawking it for 30% of the appraised value.

Anonymous wrote:

Anonymous wrote:“Clear” is not a diamond grade. Did it ever have a GIA certification?

Op: yes, I have the GIA certification. It says rectangular modified brilliant, 1.51 carats, clarity grade is VS1. Color grade is F.

A GIA-certified diamond will have pretty good value. The cut/shape is negative because it's not that popular, but the color and clarity are both very good. I couldn't find anything exactly matching your 4 C's but I would estimate the retail value to be about $15-$16K based on what I've found from BlueNile, WhiteFlash, etc. Your setting will slightly increase the value of the ring but may just be a few hundred dollars depending on the melt-weight of the platinum.

You can try to get a quote from a jewelry buyer like Cameo Coins in Vienna. I was in there for some gold bullion and saw that they buy/sell diamonds with certificates. Just a quick google shows there are some other jewelry buyers in McLean, Vienna, etc. Lots of rich people in the area who have collected jewelry they no longer want...

Good luck.

Anonymous wrote:Donate it and use the appraisal for a tax deduction. The tax savings could be greater than what you’d get for selling it.

Good idea, any insights into where to donate it? I mean do you just show up at goodwill? - NP

Just go to 3 non-mall/independent jewelry stores, see how much they will give you, sell it to whoever offers the most.