Question Hello. I am inquiring about a ring that was purchased in 1997. It is an 18kt yellow gold diamond ring with 20- round brilliant cut diamonds and 10-square cut diamonds. Their total weight is 1.00 cts and the clarity is VS1-VS2. It has one round brilliant cut diamond that is 1.01 cts and its clarity is SI 1. Its original value was appraised at $6700. My mom is now looking to sell it but is unsure of where to go. We were also wondering how much it's value would have decreased since '97 and what the best possible way to sell it through. Thank you so much for your time, we appreciate it!
AnswerHi Nina,
Thank You for writing.
Diamonds don't loose their value they gain or increase in value.
Depending on where your from would count greatly on what the ring is worth.
Tell your mom.
1. She needs to get the ring re - appraised to have a current market value of what the ring is worth.
2. She needs to sell the ring privately to an end user consumer. Someone who will wear it and enjoy it. Not to a dealer looking to make a profit.
3. Advertise the ring in the local newspaper, online, Ebay, Estate Auctions. Maybe an Estate Jeweler who sells on consignment. Anywhere where the consumer buys the piece. Not a dealer.
4 She can expect to get about 80% of the fair market value.
Good Luck Nina,
Sincerely,
http://www.jewelryappraiser.info
Arthur DeMEllo GG (GIA)
Independent Appraiser / Graduate Gemologist
A.DeMello Gemological Laboratory
