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ajncooter

Used Engagement Rings

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If you're planning any trips to NYC, I'm pretty sure any of the vendors in the Diamond District will give you cash for your ring. Maybe not exactly what it's worth, but you'll get something good for it. And you can definitely negotiate with them.

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They sell a lot on craigslist. It's totally free too. Some stores do consignment. I don't think you can ever get close to what you paid back. But, if you have no use for it, might as well get something.

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If you feel like driving or taking the metra to Downtown Chicago, theres a street called Jewlers Row, (Wabash & Madison). There are literally TONS of wholesalers who sell, buy, and do appraisals on diamonds.

 

The following are listed as buyers:

 

1212 Ace of Diamonds, Inc. (312)332-6969

 

208 Diamonds Chicago, Inc. (312)782-5393

 

814 Frum, Howard Jewelers (312)332-5999

 

307 Hakimi Gem Imports, inc. (312)726-2039

 

1212 Hakimian Gem Co. (312)236-6969

 

304 Hakimian Imports (312)759-2022

 

706 Horberg, Charles Jewelers (312)263-4924

 

1010 Malnekoff, Nathan Jewelers (312)332-7054

 

312 Platinum Alley (312)263-2424

 

218 Platt, F. Jewelry, Ltd. (312)726-0771

 

 

 

This info was found at: 5 South Wabash | Mallers Building | Jewelers Row | Chicago Jewelers Center | Chicago Jewelry Appraisers | Jewelry Buyer Chicago | Custom Designed Jewelry | Chicago Custom Jewelry | Chicago Diamond Importers | Diamond Dealer Chicago | Chicago Antique

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I would definitely steer clear of the pawn shops. The majority of them will try and say they only buy jewelry for the gold value, not gem value.

 

I'd say Craig's List/Ebay would probably be the best way to sell for you to get the most from the value.

 

If you sell to any business, they are going to bump your price down because they have to mark back up for resale.

 

For example: if the ring is worth $3000 by appraisal, then you could sell on Ebay/Craig's List for $2500. But if you sold to a jeweler without purchasing jewelry from them, they would probably offer you around $1500 because they'll want to markup to $2500 and cover their expenses for having it in their inventory (like insurance, marketing, etc..) And they may offer even less around this time of year, because if they can't sell it before the end of their tax year, they will have to pay taxes for having it in their inventory. And if you went to a pawn shop, you'd probably be lucky to get $1000 for a ring valued at $3000.

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