When a relationship ends, the items that held special meaning before can become bearers of painful reminders. Engagement and wedding rings, wedding dresses and marriage certificates are items that many people wonder about after the end of their relationship. What can you do with them?
Engagement rings and wedding rings often come with a big price tag and if the items lose their emotional value, there is the option to sell them. Jewellers sometimes will buy their pieces back but at a significant discount. On average, they will buy them back at only 35% of original value.
Many people in similar situations have opted to sell their rings online through websites such as “I Do… Now I Don’t”. The founder, Joshua Opperman, was left with a ring after his engagement ended prematurely which prompted him to found the jewellery auction site to help others in similar situations part with their rings. He has since been featured on Rachael Ray, CNN, and Whoopi Goldberg.
One important factor when selling your high valued item online is to minimize risk of scam. On “I Do…Now I Don’t”, sellers can list their rings for free. Once the item is purchased, the money is held in escrow by the website. The seller will send the ring in for authentication by GIA-trained gemologist. Once the ring has been authenticated, the ring will be sent to the buyer via UPS with insurance included and a bank cheque will be mailed out to the seller.
Sellers will typically receive 40 – 60% of the retail price for their item, minus a 15% commission fee. If you are making payments on the ring, this return can help you substantially in reducing your debt.
Parting with your engagement or wedding ring might give you the emotional detachment you need to help you move forward past the relationship and onto something better! Visit www.idonowidont.com/ for more information.