A hot debate for many divorcees, is what to do with the wedding and engagement rings. It’s a sad reminder of what was lost, and many decide to either give it back or sell it off quickly. But, if your ex does not want the ring back— should you sell it? It might feel wrong to do so or it might feel like the ultimate revenge. It’s tough to say without knowing how it all went down. But, nevertheless, we’re going to give you a rundown when it comes to selling your wedding and engagement rings. From why some decide to keep it, to why others sell quickly, and how to do it in the smartest way possible.
Selling Your Wedding and Engagement Rings After Divorce
Why do some people decide to keep them?
Maybe your divorce wasn’t a completely negative experience. I know, for some that seems almost crazy. But, if your marriage was good— just not built to last, you might hold onto those reminders for memento’s sake. Or even as a reminder to take it slow next time. Others, might keep them because they want their children to have the option of keeping them someday. While the marriage ended, it was the marriage that produced your children. Maybe you think they’ll want a piece of that someday. But, there are also the people who just can’t bring themselves to let go yet— and that’s perfectly normal. Divorce and the aftermath runs it’s course differently for everyone. If you need to hold onto those bits of it for a while, do it.
Why do some people decide to sell them off immediately?
Well, there are plenty of reasons why someone might sell of those final pieces as quickly as possible. For starters, maybe the marriage ended abruptly, and in a sour manner. Maybe one spouse cheated and the other wants revenge. On the other hand, maybe the person is selling their wedding and engagement rings because they need to financial boost. Rings can be worth a pretty penny, especially if you sell smart, so if you need to pay for a lawyer or a down payment— that’s a solid start.
Ultimately, if you decide to sell…
Make sure you do your research and figure out it’s worth. While you might want to get rid of it, don’t cheat yourself out of spite for someone else. If you take the time, have it appraised by a jeweler you trust— you’ll be much better for it. You could sell back to a jeweler, or even find a reputable online/in-person auctioneer. The key is first figuring out what it’s worth at resale value, then finding out what you will accept for it. There are plenty of resale options, but it starts with knowing the worth.