Jewelry Articles

5 Reasons to Sell Your Engagement Ring After Divorce

May 30, 2018 - Jewelry Articles
There are many reasons to sell your engagement ring after divorce. These range from financial to emotional to practical. But what are the most popular reasons? We have put together a list of the five top reasons why selling can be a good option. So whether you are firmly set on selling or you on the fence, take a look at the reasons why most people opt to do so.


Top five reasons to sell your engagement ring after divorce:

  1. Emotional: To remove a reminder of the past
  2. Financial: To invest in yourself
  3. Financial: To invest in something else
  4. Financial: To save money
  5. Practical: To de-clutter


1. Emotional: To remove a reminder of the past

One of the most popular reasons to sell your engagement ring after divorce is often to move on from the past. Selling your engagement ring for emotional reasons is as good as any other. Whether or not the marriage ended in an amicable way, having a tangible reminder of a broken relationship could be upsetting or prevent you from moving on.

top reasons to sell your engagement ring after divorce

If your ring conjures up any negative feelings, holding on to it can have a negative impact. Letting go of the ring after divorce can feel cathartic and be a symbolic step towards letting go of the past.


2. Financial: To invest in yourself

Selling your engagement ring is a great way to raise additional funds that can be put towards your new beginning. Investing in yourself can be career related, but it does not need to be. It could mean simply doing something that you want to do for yourself, no matter how big or small. Whether you lack the money to get a hair transformation, wardrobe revamp or whether you are looking to complete a course to further your career, investing in yourself is extremely important – especially if you have been through a trying time. By selling the engagement ring, you are turning this piece of your past into a way to help you start over.


3. Financial: To invest in something

Whether you put the money towards a new house, car or something much smaller like a designer handbag, why not turn the ring into something you really need or want? By selling your engagement ring, or other unwanted jewellery, you are creating additional funds that can be put towards something you will cherish for years to come. The bottom line is, why leave something valuable simply to gather dust?


4. Financial: To save money

Depending on your financial situation after divorce, you may find it more difficult to save money if you have less disposable income. Selling your engagement ring is a great way of giving yourself some financial stability and something to fall back on should you need it. If you are looking to save, make sure you keep your savings in a separate account so that you are not tempted to spend it frivolously. The advantage of selling the engagement ring is that it can give you a financial buffer and peace of mind.


5. Practical: To declutter

It is incredibly easy to hold onto items from our past, especially ones that hold great significance to us. Yet it is important to disassociate items with their significance if they do not bring you any happiness. Decluttering has many financial and psychological benefits. There are several rules that make the process easier if you choose to declutter your home. When sorting through your possessions, items that are kept should be: used regularly, necessary, or bring you joy. If the item is not needed, not used regularly or doesn’t bring you any joy, it is time to give that item up.


How to sell your engagement ring

You may feel that several, perhaps even all, of the above are reasons to sell your engagement ring. Whether it be for financial, emotional, practical reasons or all three – selling your engagement ring from a previous marriage is another step towards closing a chapter of your life that you want to leave behind. Now that you have made the decision to sell, you will want the process to be as simple and hassle-free as possible. While getting the best price possible.

reasons to sell your engagement ring after divorce

Engagement rings are often high value diamond items, which require input from specialists in the field with a thorough understanding of the second hand diamond market. How much your engagement ring will sell for is dependent on a multitude of complex factors, which is why it is so important that you sell to a trustworthy diamond buyer with industry connections. If you have decided that you definitely want to sell your engagement ring, you need to make sure that you do research. Before committing to the first selling option you come across, look at what different ways of selling there are and see what will work best for you.


WP Diamonds is a leading buyer of engagement rings and our buyers have decades of experience and are experts in their field. The selling process with WP Diamonds is straightforward and easy, you simply need to fill in our online form today to receive your free price quote. The entire process can take as little as 48 hours, from filling out the online form to have the money in your bank account. We offer a free and transparent service with no fees or commissions deducted from your final offer. You have the choice of selling online or via appointment (in the UK, New York or Hong Kong) and there is never any obligation to sell.


Click the button below to receive your price quote today.

Bio: Written by one of our diamond, designer jewelry or luxury watch experts. With over 150 years of combined experience, our experts are able to comment on trends, share industry knowledge and provide diamond, designer jewelry and luxury watch education.

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