When Selling an Inherited Diamond Brings Relief
When our client Nick G. from Georgia inherited his sister’s GIA 6.16 CT emerald-cut 3 stone diamond ring, he found himself unsure of how to proceed while simultaneously grieving the loss of a loved one. The diamonds were too large to suit his wife, and neither felt comfortable keeping the ring. After trying to sell it to diamond buyers in his area with no success, he turned to Worthy.GIA 6.16 CT emerald cut 3 stone ring, ended up selling for $39,253.
While selling inherited jewelry doesn’t ease the pain of loss, it can help alleviate financial pressure. In this interview, Nick tells the story of a beloved ring that became a source of worry, and the ultimate relief that accompanied its sale. In the end, this stunning 6.16 CT ring helped to cover some of the other costs associated with the inherited estate.
Read the full interview with Nick:
You recently sold an inherited diamond ring with us. Can you tell us a little about it? What’s the story behind this item?
My sister bought this ring for herself and always had a love for nice jewelry. She passed in April of 2018 and left it to me to do with as I saw fit. It was just too large a diamond for my wife and I and we did not feel comfortable with the ring. It was just kept in a safe deposit box.
How long have you been holding onto it? How do you feel now that you've sold it?
Kept the ring for about 5 months. It was a constant source of worry as to what to do with it. I have no regrets and feel relieved.
Did you have any hesitations about selling the ring?
Only if the price was too low.
Why did you decide to sell it now?
I just did not feel comfortable owning such a large stone and having to worry about it every time we removed it from the safe deposit box.
Did you try selling your ring elsewhere?
Yes, with little success.
How did you find Worthy?
I found about Worthy doing an internet search on "How to sell diamonds". Worthy came up as one of the listings. So we gave them a call and the rest is history.
How would you describe the auction process?
Nerve-wracking at first, but once we got past the initial process and were assigned a representative, we felt much better.Do you feel that you got the highest market value for your ring?
We felt that after the auction was extended and the price did not move we were not going to get a higher price anywhere.
What would you say to other people looking to sell inherited jewelry?
Now that I am familiar with the process and how it works I believe I could explain it well enough for someone to have complete confidence in using Worthy.
What did you do with the money?
The monies have been used to maintain and prepare her property to sell. The property is in somewhat of disrepair. We already had to replace the heating and cooling system to get it ready for the market, just one of the many things that the money has helped with.