Engagement rings are stunning jewels that emanate radiance from the wearer. However, life has a funny way of turning things around. That engagement ring you adore now can be an old piece of jewelry you no longer need in the future. Whenever you find yourself in such a situation, you have a surfeit of options that you can consider. Let's dive right into it.
Option 1: Sell It
One way to go about utilizing your old ring is by selling it and making some cash while at it. There's a lot you can do with the money afterward, whether it's going on that vacation you have been dreaming about or channeling it into your business. Worth noting is that while the ring's original price may have been high, you might end up getting a much lower value. As much as getting the entire refund for the purchase price may be impossible, selling it at the right place and in the right way will get you a reasonable amount.
Option 2: Repurpose The Ring
If you hold a sentimental value or love your old engagement ring and don't want to part with it, why not reset it? One way to do it is by melting down the setting and placing the diamond in another piece of jewelry—such as a pendant. And if you're adamant about keeping the jewel for yourself, you can always gift it out to your kids (that way, the diamond remains in the family.) All you have to do is find a jeweler who is adept in custom jewelry, and you can turn your ring into a new beauty.
Option 3: Donate It
Although unconventional, donating your old ring for a good cause is another way to go. And if you're not sure about this choice, you can be sure that you will get the satisfaction of putting a smile on a person in need. If you're hanging on to your engagement ring and can't seem to move on, try donating it to a charity auction. You can never go wrong with that decision.
To Wrap It Up
When it comes to what to do with your old engagement ring, there's no such thing as an easy answer. It all boils down to your preference. But above all, make sure that the choice you make gives you satisfaction and peace of mind. And if you're still not sure about what to do, trust Pageo Fine Jewelers to walk you through the process. Our work ethic, along with substantive knowledge of the jewelry industry, is what has kept us in the business for over 40 years.