<prompt> Human: Long story short, Im getting divorced and my finances are going to be wrecked. The silver lining in all this is that I have my ex-wifes engagement and wedding band. I paid around 10.5k for both and they are valued at 14k. I know I wont get what I have into them, but just wanted to ask if anyone has experience selling jewelry to payoff debt and what avenue did they pursue. I would like to obviously get as much as possible.So far I went to a jewelry buyer and they wanted to offer me 1.5k which was laughable.  <response>: What things are valued at and what theyre worth are two different things.Much of the valued at are basically If this was stolen youd be able to walk into almost any store and get a comparable replacement.Take this diamond on ebay. A 1 ct oval. D VS1. Overall a nice diamond although IGL. Anyway, theyre selling it for buy it now for 2700. Chances are you could get this from them for 2300-2500. Probably close to 2k if you bought it off their website no ebay fees with a bank transfer no CC fees. It is currently appraised at 9450.Now, lets assume you wanted to replace it. You could walk into jared and get a comparable EVS2 is comporable to the IGL above diamond for 6800. Which is probably also appraised at around 9500.Now. Just because it is appraised at 9500 doesnt mean youll get 9500 if you sell it. And just because you paid 6800 at jared doesnt mean youd even get 6800. If you were to sell it, chances are you could get 2k off ebay. Or, 1k-1.5k from an independent jeweler.Feel free to look up similar stones on ebay to get a realistic idea of what it is worth. But, because it is valued at 14k, I imagine youll probably be lucky to get around 3k, unless you shopped around and sourced the stone from a wholesaler. Also, the setting will for the most part only be worth its weight to anyone buying it. Unless, its to a 3rd party who loves that style of setting.This is unfortunately why a lot of people who are in your situation feel diamonds are a rip off and why there is the idea of only getting 30 of a rings value. They spend 6800 on a stone and 800 on a setting and when they go to sell theyre offered 1500.The best way to buy a diamond is to whole sale and find someone to set it for you. If you buy that diamond off ebay for 2k, chances are you can sell it for 2k. If you buy the same one from jared for 6800 youll still get 2k.edit: if you want feel free to reply with the diamond stats and Ill try to find something comparable to get an idea of what it really is worth.edit2: More options. Pull the stone and keep it in case you get engaged again. Put it in a setting that she would like.Throw the ring in a safety deposit box. If you get engaged again, upgrade the ring. And basically just swap the ring for something else. Many jewelry stores let you upgrade using the original purchase price. So youd use the 10.5k on a 12k ring and only pay 1500 for something slightly biggerdifferentwhatever. But note, the 12k ring is still probably not worth 12k. 