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There are many reasons why someone can end up with unwanted engagement ring.  It might be due to a relationship that has gone bad.  Or, perhaps a loved one has passed away and left behind their jewelry. Or, maybe they just don’t like it and want something else. For whatever reason, it’s not always practical to keep used engagement rings.  Thankfully, it isn’t necessary either.  Luckily, there are a number of ways to get rid of that old engagement ring and get it into the hand of someone who does want it.

engagement ring styles

Pawn Shops

Most towns have at least one pawn shop that purchases items like engagement rings.  These shops offer their customers two options.  Customers can pawn the items, which is like receiving a loan against the merchandise.  This option gives the customer thirty days to repay the loan and get their item back.  The other option is selling the item.  The downside of pawn shops is that most of the time, the item is pawned or sold for much less than the item is worth.  However, this can be a good option to get some quick money.

Cash for Gold Businesses

With the price of gold rising on a daily basis, rings can be sold very quickly using this method. However, keep in mind that this kind of exchange is based on the weight and quality of the gold in the band, not on the value of the stone in the setting.  A little online research will shed some light on which companies are good, and which ones to stay away from.  People will post comments about companies who were less than honest when offering prices for their gold.  Many jewelry stores will also purchase old jewelry at fair prices after appropriate appraisals.

Sell The Ring Online

The Internet is full of marketplaces that allow people to buy and sell their unwanted items.  Sites like Ebay and Craigslist are great for unloading unwanted merchandise. However, for a specialized item, like an engagement ring, you might want to consider online marketplaces that have expertise in that market and attract both sellers and buyers with the same interest.  Either way, people often keep close tabs on these kind of sites, looking for certain items.  So, sales usually happen quickly.

There are many reasons why people may want to get rid of items like used engagement rings.  Sometimes even happily married couples decide they want to trade in their ring for a different style or upgrade to a higher quality ring.  Just because an engagement ring is not wanted by one person doesn’t mean it isn’t exactly what someone else would cherish having.

Citations:
  • Photo Credit: title=”My Friends engagement ring” by uak_rock, on Flickr

Helen Hoefele is part of a team of dedicated writers who regularly write quality articles for various blogs and websites. Follow her on Facebook for more articles.

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