What to do with old engagement ring?

What to do with old engagement ring?

Category:

Diamonds

As much as I like to believe in the concept of happily ever after, we all know that life doesn’t always go as planned. Relationships don’t always work out, engagements break-off, marriages end. People frequently write me asking what they should do with their old engagement ring, how to sell their diamonds, etc. This is a question easily answered if the diamond engagement ring was purchased from High Performance Diamonds, because they have a lifetime trade-up and buy-back policy.

However the fact of the matter is that most people are just stuck with the diamond engagement ring. When they go to sell the ring, the odds are that they are going to be presented with offers that are flat out insulting. This is because the jeweler who they are offering to sell the ring to has nothing to gain by paying a higher price for the diamond. Trade members have wholesale access to diamonds, the only incentive they have to buy a used diamond from the public, is if the price is significantly lower than what they can buy a new diamond of the same quality for.

What to do with used engagement ring, Reddit giveawayWith this in mind, a man from Sydney Australia recently campaigned to give away this used diamond engagement ring on Reddit. The man wrote “I have decided to give away my old engagement ring. I have only heard horror stories of people trying to sell their rings and being insulted with sub-par offers from pawn shops, jewellers etc. and thought I would attempt to pass it on to a deserving couple.”

No doubt that this is an interesting and innovative approach to the age old question of what to do with an engagement ring from a failed relationship. I like it much more than the idea of throwing the ring off of a bridge, something which always irks me when I see it in a movie… How stupid is that? Just because you don’t want the diamond any more doesn’t mean that it can’t benefit another couple. Kudos to this generous and innovative Aussie, turning an unfortunate situation in his life around to benefit the lives of another couple.

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