Will Jewelers Buy Back Engagement Rings?

So you’ve met the man or the woman of your dreams; things were going so well, that you went out, bought an engagement ring, and got on bended knee. You thought you were doing the right thing at the time, but a couple of months down the line and the cracks have started to show, you are arguing over basic randomness, you aggravate each other to no end with your bad habits, and so you come to a mutual agreement that this relationship just isn’t going to work.

Your partner gives the ring back and now you’re stuck with it, will the jewelers buy the engagement ring you purchased from them? Let’s find out.

It Depends on the Jewlery Store

The short answer is that it depends on the jewelry store. Unfortunately, the majority of them will not give you a refund on an engagement ring. The reason for this is that it is now considered damaged goods no matter how long you’ve had it. You might have just bought it the day before, proposed and your partner said no so you rush back to the store to ask for a refund.

Do Jewelry Stores Buy Back Engagement Rings

The main reason why store owners won’t give you a refund is that an engagement ring is a large purchase, and most buyers want to know if it’s got any history.

Think about it, would you be comfortable buying a second hand engagement ring that was brought back to the store because the couple didn’t make it down the aisle? If you are superstitious, that’s a bad start to your marriage.

In very rare instances the store owner might buy the ring back from you, but they won’t buy it back for the full price, so you will need to cut your loses there.

So Now What do I do?

That’s a good question, once you get rejected from the store that you bought it from, at this point you’ve only got two options, you can either take it to a pawn shop and get some cash for it there, but it won’t be anywhere near as much as you paid for it.

Or, you can keep it. Why would you keep it? You never know what might happen over the next year or two, you could meet the man or the woman of your dreams, and at that point you will need another engagement ring if you are planning on proposing right?

However, the only problem with keeping the ring is that it wouldn’t be right if you didn’t tell them where you got it from. You have probably already told them about your relationship history and the breakup, so it wouldn’t be fair if you failed to tell them that you are using the same ring. Unfortunately, there is a high chance that this could backfire; because most people don’t want someone else’s sloppy seconds.

Unless the ring has some sentimental value like it was passed down from generation to generation, you might have a difficult time with this.

Final Thought

There is no harm in trying, take the engagement ring back to the store, and see what they say. If it’s no, then move on to plan B, but your last resort should be to sell it to a pawn shop.

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