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Old 20 July 2019, 02:47 AM   #1
JerseyChris
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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?
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Old 20 July 2019, 02:52 AM   #2
Joearch
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A good diamond should hold value, especially if you avoided paying retail.
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Old 20 July 2019, 02:54 AM   #3
Pballkm21
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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.
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Old 20 July 2019, 03:00 AM   #4
JerseyChris
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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.
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Old 20 July 2019, 03:06 AM   #5
Casey VP-26
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Maybe you should keep the ring and find the love of your life instead of a watch.
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Old 20 July 2019, 03:19 AM   #6
patrickjb
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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.
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Old 20 July 2019, 03:36 AM   #7
JerseyChris
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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
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Old 20 July 2019, 03:38 AM   #8
daOnlyBG
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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
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Old 20 July 2019, 03:42 AM   #9
77T
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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.


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Old 20 July 2019, 03:47 AM   #10
huba01
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Originally Posted by Pballkm21 View Post
Take a trip over to 47th street in NYC.
+1
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Old 20 July 2019, 03:48 AM   #11
Dsmith1974
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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?
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Old 20 July 2019, 04:01 AM   #12
DeeTee
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Get it appraised by GIA before you do anything.
With that paperwork you will get jerked around much less.
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Old 20 July 2019, 04:27 AM   #13
JerseyChris
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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.


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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.
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Old 20 July 2019, 01:10 PM   #14
MILGAUSS88
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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.
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