Advice on selling a diamond ring

[Longblackcoat]

My girlfriend has a diamond ring that she inherited and wants to sell.

We sent it to be valued by IGR (International Gemological Reports), the valuation is for insurance not resale purposes but I'm assuming that it can act as a useful guide price. The valuation has pleasantly surprised us both.

It's a cluster ring set with three round brilliant cut diamonds weighing 0.55ct approximately, colour G-I, clarity SI. On both sides of the diamonds there are fourteen round brilliant cut diamonds weighing 0.56ct approximately, colour GI, clarity SI.

Never having done this before, what are the best avenues to explore? Is eBay worth a try or are there better/safer ways?

Thanks in advance.

I bought a ring and bracelet for my wife from a very reputable dealer for £10k in total. She had them valued 5 months later for insurance purposes - £6k for the ring, £16k for the bracelet. I may be a canny purchaser, but I'm not that good; I'd suggest there's a wide disparity between the insurance valuation and what you can achieve in an actual sale!

Re the trade price for sale, you might want to contact kevkojak on here, who can give you an honest view on the actual market value of your items.

[Neil.C]

I bought a ring and bracelet for my wife from a very reputable dealer for £10k in total. She had them valued 5 months later for insurance purposes - £6k for the ring, £16k for the bracelet. I may be a canny purchaser, but I'm not that good; I'd suggest there's a wide disparity between the insurance valuation and what you can achieve in an actual sale!

Re the trade price for sale, you might want to contact kevkojak on here, who can give you an honest view on the actual market value of your items.

Agreed. Kev is definitely the chap to contact for a real life valuation.

[Chris_in_the_UK]

Agreed. Kev is definitely the chap to contact for a real life valuation.

+2

Those kind of valuations are usually way off (on the high side).