Results 1 to 9 of 9
  1. #1
    Walk On
    Points: 8,655, Level: 27
    Level completed: 85%, Points required for next Level: 95
    Overall activity: 0%
    Achievements:
    Veteran5000 Experience Points
    Sterling4Cy's Avatar
    Join Date
    Nov 2006
    Posts
    194
    Points
    8,655
    Level
    27
    Thumbs Up
    Received: 3
    Given: 8

    Buying a wedding ring.

    My wife's wedding ring was recently stolen. We filed a claim with our insurance and the check is in the mail. I have a friend who is getting divorced and she offered to sell her diamond to me to trade in. Has anyone ever done this? Would there be any benefit to me in cost savings on the trade?



  2. #2
    Pro
    Points: 121,760, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 1.0%
    Achievements:
    Veteran50000 Experience Points
    IowaStateClones's Avatar
    Join Date
    Dec 2009
    Posts
    2,071
    Points
    121,760
    Level
    100
    Thumbs Up
    Received: 102
    Given: 41

    Re: Buying a wedding ring.

    sketchy



  3. #3
    Speechless
    Points: 646,899, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 48.0%
    Achievements:
    50000 Experience PointsVeteranOverdrive
    3TrueFans's Avatar
    Join Date
    Sep 2009
    Location
    Ames
    Posts
    23,867
    Points
    646,899
    Level
    100
    Thumbs Up
    Received: 1,496
    Given: 142

    Re: Buying a wedding ring.

    Are they from Kenya?



  4. #4
    Speechless
    Points: 432,923, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 9.0%
    Achievements:
    SocialRecommendation Second ClassVeteranCreated Album pictures50000 Experience Points

    Join Date
    Nov 2007
    Location
    Ames
    Posts
    23,826
    Points
    432,923
    Level
    100
    Thumbs Up
    Received: 125
    Given: 17

    Re: Buying a wedding ring.

    I'm kind of surprised insurance indemnified anything unless it was a specified casualty in the insuring agreement.



  5. #5
    Addict
    Points: 157,274, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 3.0%
    Achievements:
    50000 Experience PointsSocial1 year registered
    Cycl1's Avatar
    Join Date
    Mar 2012
    Location
    North Liberty
    Posts
    6,556
    Points
    157,274
    Level
    100
    Thumbs Up
    Received: 60
    Given: 3

    Re: Buying a wedding ring.

    you would have to get it appraised and then low ball after the appraisal for it to do you any good. Unless you were planning on using her diamond, in which case you could buy it from her and have it mounted and probably save money.


    I LIEK CHOCOLATE MILK - The Partisan Bat

    Quote Originally Posted by ChrisMWilliams View Post
    Hmmm...I'm not a huge "weiner"
    Quote Originally Posted by Angie View Post
    "Yeah, Chris' weiner is a way bigger get than mine."

  6. #6
    Bench Warmer
    Points: 31,200, Level: 54
    Level completed: 32%, Points required for next Level: 750
    Overall activity: 2.0%
    Achievements:
    1 year registered25000 Experience Points

    Join Date
    Aug 2012
    Posts
    312
    Points
    31,200
    Level
    54
    Thumbs Up
    Received: 3
    Given: 0

    Re: Buying a wedding ring.

    High markup when you buy, big depreciation when you sell. Similar to buying and trading in a car.
    Buy one that is visually appealing to your wife, don't go solely on the grades. Remember, there's a reason (maybe two) that investment grade diamonds never have a ring attached.



  7. #7
    Addict
    Points: 203,950, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 13.0%
    Achievements:
    50000 Experience PointsVeteran
    longtimeclone's Avatar
    Join Date
    Dec 2009
    Location
    Up north
    Posts
    7,744
    Points
    203,950
    Level
    100
    Thumbs Up
    Received: 67
    Given: 30

    Re: Buying a wedding ring.

    Quote Originally Posted by IcSyU View Post
    I'm kind of surprised insurance indemnified anything unless it was a specified casualty in the insuring agreement.
    Wouldn't it probably be appraised before they insured it?



  8. #8
    All-Star
    Points: 34,504, Level: 57
    Level completed: 22%, Points required for next Level: 946
    Overall activity: 4.0%
    Achievements:
    SocialVeteran25000 Experience Points
    bugs4cy's Avatar
    Join Date
    Jun 2009
    Location
    Story County
    Posts
    1,007
    Points
    34,504
    Level
    57
    Thumbs Up
    Received: 65
    Given: 170

    Re: Buying a wedding ring.

    Is your wife okay with this?

    I'm not phased by such things* but I don't know many women who share my opinions.

    Also, I would buy nothing unless I had it appraised. Ames Silversmithing ROCKS.

    * - I have a 'back-up' wedding band with no stones, that I wear when working in heavy equipment, traveling, etc. It came from a friend of mine from ISU that was divorced. It was his wedding band and I had it re-sized. Meh. It was the right price.


    "It's a jungle out there kiddies. Have a very fruitful day.
    J. Buffett

  9. #9
    Pro
    Points: 99,387, Level: 98
    Level completed: 17%, Points required for next Level: 1,663
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    FDWxMan's Avatar
    Join Date
    Jan 2009
    Location
    Des Moines
    Posts
    2,195
    Points
    99,387
    Level
    98
    Thumbs Up
    Received: 33
    Given: 22

    Re: Buying a wedding ring.

    Quote Originally Posted by Sterling4Cy View Post
    My wife's wedding ring was recently stolen. We filed a claim with our insurance and the check is in the mail. I have a friend who is getting divorced and she offered to sell her diamond to me to trade in. Has anyone ever done this? Would there be any benefit to me in cost savings on the trade?
    It depends on the place...

    I know Joesphs in Des Moines will buy back your stone on a trade it for the same you paid initially.

    So if you bought a $1000 stone originally and later on you want to change it or upgrade for anniversary, supposedly that stone is still worth $1000 if you give it back and get something else.

    So if your friend sold it to you for $500 bucks and it was originally worth more, you'd be getting a decent deal if theres sych an arrangement where she got it. (Might want to have her "offically" trade the stone though.)



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Fox Sports 1
  • Iowa State vs. Kansas State
  • September 6, 2014
  • 11:00 AM