Marriages end and relationships break up all the time. Even if we think it will never happen to us the odds are petty even that it might, this is a sad reality. The Independent recently cited 42% of UK marriages end in divorce.
As a result of relationship breakdown money is often tight, as possessions are divided and bills no longer shared. You may need to put a deposit on new accommodation too. It can be a difficult time, both emotionally and financially.
There are many hidden costs to divorce.
Rather than getting a loan (they always have to be paid back in the end, don’t they! ) making some extra money instead can be really useful at this time.
Asking yourself ‘How do I sell my engagement ring?’ may well be something you have to do. Selling on your rings may be the perfect way to both make a fresh start and some decent money to help you out when you need it. It can be an emotional experience but you need to keep a cool, clear head to get the best price possible for your ring.
I have a friend who was engaged several times and always held on to her engagement rings after the relationship broke up. This was fine until she got married and her lifetime partner was not amused by her little stash. She was happy to sell them on to a high-street gold buyer but got very little for them and wondered if she had made a rash decision.
You can have your jewellery valued by brokers you find online and who you send your details to. Unlike with auctions you will know how much you are going to make before you agree to the sale. Specialist services will often offer more money for your items than a jewellery shop or pawnbroker.
You need to be making considered decisions and work with recognised professionals to get the best value you can.
So don’t act out of desperation. You can still have a quick, smooth transaction whilst getting the most for the items you need to sell.