Thursday, November 21, 2013

Holiday Proposals Fuel Market for Pre-Owned Engagement Rings

Sellers recoup the most value by selling engagement rings, while buyers can purchase a discount engagement ring in time for a holiday proposal


For many couples in love, an engagement will be the highlight of the holiday season.  According to Wedding Wire, 33% of engagements occur between Thanksgiving and New Years.  This busy proposal season continues until Valentine's Day, when another 10% of engagements commence. 

For people looking to sell engagement rings, particularly pre-owned engagement rings, this time of year presents the best opportunity to recoup the largest share of their original investment.  Since 2010, Have You Seen the Ring has helped sellers earn over $2 million for their pre-owned engagement rings.  Selling on Have You Seen the Ring is easy; a seller registers for a free account, creates a listing, and then receives offers from buyers across the country.  Because buyers on Have You Seen the Ring are retail customers, rather than middlemen, sellers receive up to 60% more than they would by selling to a local jeweler, pawn shop, or via traditional online auctions.

From the buyer's point of view, now is also the best time to find a great deal on a used engagement ring.  With proposals on the horizon, many local jewelers will be less willing to negotiate prices or to offer discounts.  The opposite is true with sellers of pre-owned engagement rings.  These sellers are looking to sell rings for below their cost and many are hoping to sell quickly to raise money for holiday purchases.  We mitigate the risk of buying and selling jewelry online with an authenticity guarantee. Each item sold is verified by an independent, GIA graduate gemologist, ensuring that a buyer receives exactly what they paid for.   For those who wish to purchase a loose diamond, our prices are up to 40 percent less than traditional jewelry stores and about 10 percent lower than online competitors.


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