When Selling an Engagement Ring Makes Financial Sense

April 14, 2015 By swj-eric

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Sometimes even the best laid plans meet their demise and, unfortunately, weddings are no exception. The average wedding in the United States costs between $15,000 and $30,000. When a wedding gets cancelled, besides the emotional toll taken, there are practical matters like recouping whatever money can be salvaged from the canceled event to consider. There is one option that might help recoup some of the losses: sell the engagement ring.

Many men spend approximately two month’s salary on an engagement ring. Since engagement rings are often legally viewed as “conditional gifts,” with the condition being the completion of legal matrimony, the purchaser of the ring may be within his legal rights to request the ring’s return upon the cancellation of the wedding. A calculated, financially responsible move is then to sell the engagement ring.

Starting the Selling Process

Gather all of the paperwork that came with the ring. A diamond certificate will go a long way in establishing the 4Cs used to establish a diamond’s worth (cut, clarity, color and carat weight). The most compelling certificates will be the ones issued by the Gemological Institute of America (GIA) or the American Gem Society Laboratories (AGSL). Once the paperwork is in order, call Southwest Jewelry Buyers to make an appointment.

Why Choose Southwest Jewelry Buyers?

As a Better Business Bureau A+ Accredited Business, sellers can rest assured that we will treat them ethically and respectfully. We offer a comfortable and discreet setting.  Our jewelers are GIA certified, professional and courteous. Although we are confident that we offer the best prices in the valley, the seller is never under any obligation to sell.

Make a Sound Financial Move: Sell the Engagement Ring

Because we offer fair pricing, ethical transactions and instant payment for jewelry, we can provide the seller with peace of mind and cash in hand. The money can then be invested for the future instead of being tied up in the past.