The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Watch Forum > General Topics > Open Discussion Forum

Reply
 
Thread Tools Display Modes
Old 20 July 2019, 02:47 AM   #1
JerseyChris
"TRF" Member
 
Join Date: Jul 2019
Location: Central Jersey
Watch: Omega 300m Diver
Posts: 82
Has anyone had luck trading Jewelry for a watch?

I have had an engagement ring sitting in my safe for about 13 years now. Was worn for about 3 weeks.. Not one of my best decisions.. I figure the best place to ask was here. It is just sitting there doing nothing and figure I would much rather use the money towards a watch if possible. Now I know when people try to sell engagement rings online they might get a quarter of what they paid if they are lucky. I wonder if a good jeweler would offer up any more money in trade for a watch?
JerseyChris is offline   Reply With Quote
Old 20 July 2019, 02:52 AM   #2
Joearch
2024 Pledge Member
 
Join Date: Jul 2013
Real Name: Joe
Location: Los Angeles
Watch: Daytona + GMT BLNR
Posts: 4,405
A good diamond should hold value, especially if you avoided paying retail.
Joearch is offline   Reply With Quote
Old 20 July 2019, 02:54 AM   #3
Pballkm21
"TRF" Member
 
Join Date: Mar 2019
Location: Merrick, NY
Posts: 292
Quote:
Originally Posted by JerseyChris View Post
I have had an engagement ring sitting in my safe for about 13 years now. Was worn for about 3 weeks.. Not one of my best decisions.. I figure the best place to ask was here. It is just sitting there doing nothing and figure I would much rather use the money towards a watch if possible. Now I know when people try to sell engagement rings online they might get a quarter of what they paid if they are lucky. I wonder if a good jeweler would offer up any more money in trade for a watch?
Take a trip over to 47th street in NYC.
Pballkm21 is offline   Reply With Quote
Old 20 July 2019, 03:00 AM   #4
JerseyChris
"TRF" Member
 
Join Date: Jul 2019
Location: Central Jersey
Watch: Omega 300m Diver
Posts: 82
Quote:
Originally Posted by Joearch View Post
A good diamond should hold value, especially if you avoided paying retail.
Kinda my thought process too, I kinda have in my mind that I would not get near what I paid but also don't want to get screwed either.. I just look at this money sitting doing nothing and would much rather put it into a watch.. I honestly kinda forgot I had it until the other day.
JerseyChris is offline   Reply With Quote
Old 20 July 2019, 03:06 AM   #5
Casey VP-26
"TRF" Member
 
Join Date: Jun 2009
Location: America
Posts: 2,667
Maybe you should keep the ring and find the love of your life instead of a watch.
Casey VP-26 is offline   Reply With Quote
Old 20 July 2019, 03:19 AM   #6
patrickjb
"TRF" Member
 
patrickjb's Avatar
 
Join Date: Apr 2014
Real Name: Pat
Location: Boston, MA
Watch: 216570, 126600
Posts: 470
Quote:
Originally Posted by Casey VP-26 View Post
Maybe you should keep the ring and find the love of your life instead of a watch.
Vapid reply.
patrickjb is offline   Reply With Quote
Old 20 July 2019, 03:36 AM   #7
JerseyChris
"TRF" Member
 
Join Date: Jul 2019
Location: Central Jersey
Watch: Omega 300m Diver
Posts: 82
Quote:
Originally Posted by Casey VP-26 View Post
Maybe you should keep the ring and find the love of your life instead of a watch.
I am old and cynical.. that ship has sailed
JerseyChris is offline   Reply With Quote
Old 20 July 2019, 03:38 AM   #8
daOnlyBG
"TRF" Member
 
Join Date: Jun 2017
Location: Odorious Onion
Watch: yes, it's hipster
Posts: 1,567
Quote:
Originally Posted by JerseyChris View Post
I am old and cynical.. that ship has sailed
Don't be.

On the other hand (pun not intended), nothing wrong with the love of your life being a watch. It goes wherever you want it to go, doesn't talk much, and doesn't put up a fit if you put your hands on another one.

Or another one on your hand.

Whatever
__________________
Here come dat boi Jerry
daOnlyBG is offline   Reply With Quote
Old 20 July 2019, 03:42 AM   #9
77T
2024 Pledge Member
 
77T's Avatar
 
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 40,570
Has anyone had luck trading Jewelry for a watch?

Now is as good a time as any to monetize it. If it was 1ct. or more - and top grade (or nearly so) then you should see a value rise. While retail pricing has doubled since 2003, you’ll be getting trade value close to what you paid.

That may sound low to you but the jeweler you deal with wants a profit when it sells later in his shop.

Some ADs deal in preowned, others will work a consignment for you, but your problem will be finding the watch you want at an AD who makes those types of deals.

There are a few trusted sellers here on TRF that will accept GIA graded 1ct. and up diamonds in trade for a watch they are selling.


Sent from my iPhone using Tapatalk Pro
__________________


Does anyone really know what time it is?
77T is offline   Reply With Quote
Old 20 July 2019, 03:47 AM   #10
huba01
"TRF" Member
 
Join Date: Sep 2012
Location: Dubai
Posts: 1,425
Quote:
Originally Posted by Pballkm21 View Post
Take a trip over to 47th street in NYC.
+1
huba01 is offline   Reply With Quote
Old 20 July 2019, 03:48 AM   #11
Dsmith1974
"TRF" Member
 
Dsmith1974's Avatar
 
Join Date: Sep 2018
Real Name: Duncan
Location: London
Watch: DD 40
Posts: 2,262
Quote:
Originally Posted by Casey VP-26 View Post
Maybe you should keep the ring and find the love of your life instead of a watch.
What if the watch is the love of your life?
Dsmith1974 is offline   Reply With Quote
Old 20 July 2019, 04:01 AM   #12
DeeTee
"TRF" Member
 
DeeTee's Avatar
 
Join Date: Dec 2014
Location: Los Angeles
Watch: Netflix
Posts: 3,977
Get it appraised by GIA before you do anything.
With that paperwork you will get jerked around much less.
DeeTee is offline   Reply With Quote
Old 20 July 2019, 04:27 AM   #13
JerseyChris
"TRF" Member
 
Join Date: Jul 2019
Location: Central Jersey
Watch: Omega 300m Diver
Posts: 82
Quote:
Originally Posted by 77T View Post
Now is as good a time as any to monetize it. If it was 1ct. or more - and top grade (or nearly so) then you should see a value rise. While retail pricing has doubled since 2003, you’ll be getting trade value close to what you paid.

That may sound low to you but the jeweler you deal with wants a profit when it sells later in his shop.

Some ADs deal in preowned, others will work a consignment for you, but your problem will be finding the watch you want at an AD who makes those types of deals.

There are a few trusted sellers here on TRF that will accept GIA graded 1ct. and up diamonds in trade for a watch they are selling.


Sent from my iPhone using Tapatalk Pro
Good advice, much appreciated. I do have an appraisal from the place I bought it that my home owners insurance asked for but not sure it was from a GIA, I will go back and look. In my head I would be happy with anything over 75% of what I paid.
JerseyChris is offline   Reply With Quote
Old 20 July 2019, 01:10 PM   #14
MILGAUSS88
"TRF" Member
 
MILGAUSS88's Avatar
 
Join Date: Jun 2014
Location: mississippi river
Posts: 2,926
i believe the average wholesale price for jewelry is less than 50% of retail, so you might be disappointed.
And yes, I have traded jewelry for watches several times.
MILGAUSS88 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Takuya Watches

Bobs Watches

My Watch LLC

OCWatches

DavidSW Watches

Coronet


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.