slightly OT question
secondrepublic
Posts: 2,619 ✭✭✭
a friend of my wife is getting divorced and wants to sell her diamond and platinum engagement ring. a nice ring, around 12k retail when new. what's the best way to go? I don't think she's interested in listing it on Ebay. I was thinking maybe sending it off somewhere? A local jeweler or dealer is probably not the way to get the best price since they will probably just send it somewhere too.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>The sad part of jewelry ownership.... very poor resale market....Cheers, RickO >>
Yup. Your local jeweler will give you cents on the dollar and f you sell it on Craig's List, you may get a better price but you risk getting robbed.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
That allows them to sell stuff for 50% to 75% off...
Completely different game than the Coin Market...
LM-ANA3242-CSNS308-MSNS226-ICTA
<< <i>The Jewelry store next to me pays 1/6 of full retail...
That allows them to sell stuff for 50% to 75% off...
Completely different game than the Coin Market... >>
What's sad is that 50-75% off is what it should be in the first place for most non-designer jewelry.