It’s really hard to describe the feeling when a relationship ends after your proposal. You are confused and don’t know what to do with the engagement ring when she says no. It’s extremely hard to figure out whether you should return, keep or sell it. Let’s look at each option and find the best way to act.
Try to Return the Engagement Ring
Hopefully, you were smart enough to purchase your ring from a reputable jeweller that offers a decent return policy.
Returning the ring could be the best option since most jewellery shops offer a full refund within a certain period that applies to non-custom made rings.
Unfortunately, the return policy doesn’t cover a bespoke engagement ring refund because it was created based on your design and for a jeweller, it can be hard to resell such a ring.
Should I Keep the Engagement Ring?
If the ring is a family heirloom with sentimental value, then definitely consider keeping it. It is a part of your family love story and it deserves to be on the finger of your special one when you are ready to propose someday.
Sometimes it also makes sense to keep the engagement ring if you were not offered a return policy refund for some reason. However, you should consider the fact that the next lady you propose may not be happy to wear an engagement ring that was originally bought or designed for someone else.
Should I Sell the Engagement Ring?
If returning or keeping the ring is not a suitable option then selling is your best bet.
There are many shops and buyers that buy such jewellery for a relatively good price. The buyer will check the condition of your engagement ring and evaluate its cost. In case you already have your engagement ring appraised, you can compare the price they offer with the estimated price and figure out if this is a good deal.
If you didn’t get the ring appraised, the buyer will consider two aspects to evaluate the price: the setting and the diamond.
Engagement rings are usually made of gold or platinum, the latter being more valuable.
After checking all the characteristics you will be offered a price they are ready to pay for your ring.
Deconstruct the Engagement Ring
Last but not least, you can always take the ring to a jeweller and ask them to deconstruct it. This way you can keep the centre diamond and order another ring when you are ready to propose in the future.
Of course, you are still taking a hit financially, but since the diamond is usually the most expensive part of the ring, you can reuse it to design a new ring and pay only for the setting.
This option will allow you to save some money and to avoid the mess with convincing your new fiancé to wear the ring that was originally made for someone else.