selling an inherited ring.. will i regret it? Is now a bad time to sell???

I would sell it, but then am not sentimental. However, you do not get great value on second hand jewellery at the best of times, and now is not the best of times. It's worth finding out what you can get though, no harm in trying

L
xx

Personally, I wouldn't. I would definitely regret it, especially if the money was being used for a holiday. I might be able to justify it to myself if it was going to get me on the property ladder or something.

Under the circumstances I would sell it, however, you might be very disappointed with the value you can get

I am very firmly of the opinion that jewellery should be worn. If you're not wearing it and you're not sentimental about it then sell it. That's what I would do. Better that it goes to someone who will get enjoyment from showing it off rather than it sitting in a jewellery box.

Having said that, I agree with the others that you are unlikely to get a huge amount of money for it. You could try auctioning it and also search out vintage or antique shops as well as jewellers. The type of place I'm thinking of are places such as this: https://www.homeandcolonial.co.uk/

Thanks for the replies! I think i will go and see a few jewellers who have been advertising as buying jewellery and see what the deal could be and take it from there. It's a lovely piece, but not my taste and it doesn't even fit me. (i know i could get it resized but i won't wear it)

Def look into auctioning as well since i could do a reserve couldn't I and protect it that way.

Fab. i can disolve the guilt if i buy something that will last with some of the money and can 'remember' her with a nice marc jacobs bag or something more me!!!

xxx

Hubble, there is no point going to jewellers that are buying 2nd hand jewellery. they will offer you nothing for it.

remember they are buying off you to make a profit for themselves. Sell it on ebay and you will get the best price. My advise is to photograph the ring in macro mode from every angle, have a ruler for comparison and photograph the valuation.

I sold a sapphire and diamond ring on ebay for £800. it had a valuation of £1400. The valuation doesnt mean the ring is worth that, its an estimate as to how much it may cost to replace for insurance purposes. The ring i sold, I was offered £400 by a 2nd hand jeweller when i asked for appraisal. they would have put it out for sale at around £800.

Mine was an engagement ring from my ex and had no sentimental value at all, i loved the ring but thought I would love a new watch more!

I'd have melted down and reset.

I can only echo what others have said about the value.

My H Nan died leaving quite a bit of jewellery, some belonging to her Mother. As she nominated a solicitor as an executor, all pieces that she hadn't bequeathed to others, had to be valued to establish the worth of her estate..

We were all stunned at the values, even the diamond & precious stone bracelets, pendants & rings seemed to be worth next to nothing, now this helped with the estate value from inheritance tax point of view, but it seemed unreal, things were valued under £100 when it was thought they were worth nearer £1000 +

However, sell if it really means little to you & get yourself a new bag, may not be a Marc Jacobs though!

I'm with Tilly Floss.

If it's insured for £1200 you'd be lucky to get £200 for it from a jeweller.

Completely WQBS! Get rid! You'll never change your mind about the sentiment you attach to the ring, so sell it for something that means something to *you*! Use eBay too. A middle-man will just strip your profits away.

I've sold a ton of stuff from an estate recently, and have exceeded previous listings in terms of final sale value. If you want any tips, useful html code, etc., just let me know.

The value your going to get from the ring from a jeweller is going to be very minimal. Yes you could see it on ebay or something but I think TF suggestion is another idea. If it's not to your taste, why not make it to your taste?