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> Where to sell engagement diamond ring, Reliable platform to sell diamond ring

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TSALEX_L1M P
post May 6 2019, 11:41 AM, updated 5w ago

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Hi all,

Appreciate if you guys can provide me some suggestions. I have a diamond ring to sell off. I know diamond has no resale value.
However, it's pointless for me to keep the ring anyway.

I am not sure whether the boutique where I bought the ring from will accept trade in. Or buy it back with much lower price. Probably will lose 60% of value.
I'm thinking to sell it on Carousell, Mudah etc.

What do you guys think?




hightechgadgets8
post May 6 2019, 11:44 AM

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i think you ald have all the suggestions we are going to give. if you are selling online, do include the certificate for the diamond as that is what give the diamond its value
TSALEX_L1M P
post May 6 2019, 11:53 AM

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QUOTE(hightechgadgets8 @ May 6 2019, 11:44 AM)
i think you ald have all the suggestions we are going to give. if you are selling online, do include the certificate for the diamond as that is what give the diamond its value
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How much price should I put? Half price of the ring value?
Btw. How does selling online work? COD? Then the buyer will bring cheque or?
How to ensure it is a safe transaction for both parties?


Hades76
post May 6 2019, 11:54 AM

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Sell direclty you will get more money. Selling back to shop will be easy but lose quite a fair bit.
hightechgadgets8
post May 6 2019, 12:10 PM

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QUOTE(ALEX_L1M @ May 6 2019, 11:53 AM)
How much price should I put? Half price of the ring value?
Btw. How does selling online work? COD? Then the buyer will bring cheque or?
How to ensure it is a safe transaction for both parties?
*
COD = cash on delivery

do not accept chq payment, even if the person does a e-transfer, check your account b4 leaving. no money no deal
TSALEX_L1M P
post May 6 2019, 12:11 PM

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QUOTE(Hades76 @ May 6 2019, 11:54 AM)
Sell direclty you will get more money. Selling back to shop will be easy but lose quite a fair bit.
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Yea, but not easy to find buyer. Plus the sizing has to be suitable too.
kambingkoh
post May 6 2019, 12:15 PM

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QUOTE(ALEX_L1M @ May 6 2019, 11:41 AM)
Hi all,

Appreciate if you guys can provide me some suggestions. I have a diamond ring to sell off. I know diamond has no resale value.
However, it's pointless for me to keep the ring anyway.

I am not sure whether the boutique where I bought the ring from will accept trade in. Or buy it back with much lower price. Probably will lose 60% of value.
I'm thinking to sell it on Carousell, Mudah etc.

What do you guys think?
*
Go to the boutique and ask first.

And if you don't mind, please share what is the item you are trying to sell, and your prefer sale price?

Good luck.

This post has been edited by kambingkoh: May 6 2019, 12:16 PM
Hades76
post May 6 2019, 12:17 PM

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QUOTE(ALEX_L1M @ May 6 2019, 12:11 PM)
Yea, but not easy to find buyer. Plus the sizing has to be suitable too.
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Yeah. True also. If not why not just keep it. Change the ring to a pendant. Then give it to someone else.
kambingkoh
post May 6 2019, 05:16 PM

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Try this: https://www.pricescope.com/sell-your-diamond, see if you can get a quote.

Actually pajak gadai might take in also, but you will suffer heavy loss.
TSALEX_L1M P
post Jun 21 2019, 04:35 PM

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QUOTE(kambingkoh @ May 6 2019, 05:16 PM)
Try this: https://www.pricescope.com/sell-your-diamond, see if you can get a quote.

Actually pajak gadai might take in also, but you will suffer heavy loss.
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Hi, sorry for disappeared for so long and now coming back to this thread again.

Wanna ask, do diamonds value goes up? For example, if my ring is worth 10k.
If I sell it now vs I sell it 10 years later, which will give me higher return?

Or it doesn't have much difference due to inflation?
kambingkoh
post Jun 21 2019, 07:17 PM

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QUOTE(ALEX_L1M @ Jun 21 2019, 04:35 PM)
Hi, sorry for disappeared for so long and now coming back to this thread again.

Wanna ask, do diamonds value goes up? For example, if my ring is worth 10k.
If I sell it now vs I sell it 10 years later, which will give me higher return?

Or it doesn't have much difference due to inflation?
*
Usually everything will go up due to inflation. But then, it is about how you going to sell it. And does anyone willing to buy a 10 year diamond?

I would think that they might buy it if you take it to the lab and grade it again to renew the grading report as there may be extra advances in grading technology during that time.

Overall, unless you are very sure what you doing, I won't recommend diamond as an investment tool.
juancarlos11
post Jul 8 2019, 04:17 PM

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QUOTE(ALEX_L1M @ Jun 21 2019, 04:35 PM)
Hi, sorry for disappeared for so long and now coming back to this thread again.

Wanna ask, do diamonds value goes up? For example, if my ring is worth 10k.
If I sell it now vs I sell it 10 years later, which will give me higher return?

Or it doesn't have much difference due to inflation?
*
doubt diamond will increase in value...
infiniti123
post Aug 5 2019, 04:16 PM

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very brand dependent too,
mum got a 2.06 carot tiffany diamond ring for for 98k around 6 years ago. now in retail they're selling atleast 240k for 2.04carot ring
TSALEX_L1M P
post May 5 2020, 01:23 AM

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QUOTE(infiniti123 @ Aug 5 2019, 04:16 PM)
very brand dependent too,
mum got a 2.06 carot tiffany diamond ring for for 98k around 6 years ago. now in retail they're selling atleast 240k for 2.04carot ring
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Increased that much? 140k increase after 6 years? Mine was slightly lower than 30k, 0.5x carat, C brand. But the shop will buy back according to your purchase price, right? Not according to current market price.
appletan1226 P
post May 21 2020, 04:57 PM

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QUOTE(ALEX_L1M @ May 5 2020, 02:23 AM)
Increased that much? 140k increase after 6 years? Mine was slightly lower than 30k, 0.5x carat, C brand. But the shop will buy back according to your purchase price, right? Not according to current market price.
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as i know , normalyy they offer 30% of the purchase price, but u can try go and ask...
George441
post May 23 2020, 06:03 AM

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A jewelry shop is a right place confused.gif

 

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