An engagement ring is a manifestation of the promise of marriage that one person gives to their significant other that they would like to marry. Those who kneel and ask the question, “will you marry me?” are usually thinking that their current partners are who they would like to spend the rest of their lives with. However, in some instances, promises do not withstand the test of time.

For couples who parted ways before the wedding and never got to return their engagement ring, it serves as a memory that they were once on their way to walk the aisle. But for some, it isn’t a great memory to live by. 

What options do they have aside from keeping the wedding ring and forgetting about the fateful event in their life? They have the opportunity to sell the engagement ring, but how?

1. Through a Private Buyer

Private buyers are one of the best options people can sell their engagement ring to. Aside from giving a reasonable price for the item, they are less keen on the process and would likely accept the deal after proving the ring’s authenticity.

However, people should be careful with the public buyers they are dealing with. There are instances where thieves pretend to be private buyers only to steal the items from the seller. Deal with trusted buyers only. Make sure to research the best private buyers and towns and, if possible, ask previous customers about their experience with them.

2. In a Jewelry Store

Going to the jewelry store is the better choice for people wanting assurance that they’ll get the best deals while being secure about it. People who work in jewelry stores are likely more knowledgeable than private dealers, making them more reputable parties to deal with. Besides, there’s a good chance they will offer the same deal for the item as they can quantify its quality and status in the market.

However, come prepared for instances where jewelers would offer much more than what they’d give for direct sales from their suppliers. After all, the engagement ring may have its value, but it doesn’t make it more vital to them knowing that it’s from someone who almost got married.

3. At a Pawn Shop

Meanwhile, pawning an engagement ring is the best choice if you’d like a no-strings-attached commitment to getting money in return. Pawning is the process of borrowing money using material collateral. You pay it every month, and the amortization should cover the overall price of the item that the pawner assesses.

However, the risk of pawning jewelry is that with one missed monthly payment, the pawn shop takes the collateral as the payment from you. That’s why you should only choose this method if you’re fine with losing the engagement ring if you can’t pay the monthly fees. If you only require cash and need the ring back, make correct monthly payments to avoid a forfeit.

Conclusion

A canceled wedding is always a sad event that deserves forgetting. But as long as items remind you of the misfortune, you may not get over the mishap anytime soon. If setting yourself free is the goal, letting go of the engagement ring might be the right way to do it. Choose among the best methods of selling an engagement ring from the options above and set yourself free.

River City Pawn is one of the most reputable pawn shops in Murray, KY. Our goal has always been to help people in their finances by giving the best deals possible in the market. If you have an engagement ring to dispose of, visit our physical store, and let’s talk about it. Also, check out our personal loan options in Owensboro!