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Rafael Lloyd
by on April 26, 2019
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One of the most hurtful moments that could happen to you before your wedding day is breaking off the engagement.

There are a lot of reasons why some couples choose to go on separate ways before marriage; either any of those reasons if you are planning to sell the engagement diamond ring, whether you are the one who called it quits or not, there are a lot of things you need to consider before selling it.

1.    Know if it is legal

Did you know that you can’t just easily sell an engagement ring after a broken engagement? Unless both parties have agreed who keeps the engagement ring. However, if a dispute arises and neither of the parties is willing to let go of a diamond engagement ring, you can’t just easily sell the ring off to some buyer, even though you were the one who bought it for your partner.

The jurisdiction may depend on how the ring is treated. In most courts, there are two common ways in handling cases like these – as a gift and as a conditional gift.

According to the experts, if the donor treats the diamond ring as a gift and without any condition, the receiver has the right to keep the ring. However, if the gift comes with a marriage proposal, the donor has the right to keep the ring – that is, if the person who should be receiving the ring had caused the break-up. Thus, if the donor of the ring made the mistake that had caused the break-up, the court usually is in favor of the receiver.

So, before selling your diamond ring at this reliable resource, you should know if it is legal to sell the diamond ring; this is to avoid getting sued.

2.    Know the value of the ring

If you have the other party’s approval, your next step is to know the true value of your diamond ring.

Each type of diamond jewelry in the market today is strictly evaluated according to the 4 C’s – the cut, color, clarity, and carat.

•    Cut – It is crucial to the overall beauty and brilliance of the diamond.
•   Color – Each diamond are represented according to the color; however, the most valuable types of diamond are those that are perfectly colorless.
•     Clarity – Diamonds are highly valued if there are less to no blemishes, both inside and the out.
•    Carat – It is the total weight of the diamond and not the size.

The four C’s are inter-related with each other when it comes to evaluation; for instance if a well-polished and a well-cut 1-carat diamond ring is compared to a three-carat diamond ring but with blemishes and poor brilliance, the former is valuable than the latter.

So, if you are planning to sell your diamond engagement ring to a reliable online jeweler, as an example – the Speedy Diamond – you need to know the true market value of the ring to avoid getting scammed.

Final Thought

There are a lot of things you need to consider when selling a failed engagement diamond ring. So, if you need further help on it, you can check the speedydiamond.com – a reliable online diamond jewelry buying branch.

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