Can the woman sell the engagement ring?

Traditionally, an engagement ring is returned to the giver if the bride-to-be initiated the break-up or if it was mutual. If the giver ended the relationship, the wearer often keeps the ring or is given the option on what to do with the ring.

Is it wrong to sell your engagement ring?

The bottom line is that selling your engagement ring is a perfectly valid option. As engagement rings can cost hundreds to hundreds of thousands of dollars, you want to ensure that you sell your ring to a reputable buyer who can give you the best offer.

What is the law on engagement rings?

California has a law dating back to 1939 which specifically addresses engagement rings and other gifts in contemplation of marriage. Civil Code section 1590 states: Thus, in California if one person calls off the wedding, the ring must be returned to the person who proposed with the ring.

Can you sell engagement ring before divorce?

Wait To Finalize the Divorce before Selling Your Wedding Rings. Most reasonable men/women will respect the etiquette (and law in most states and provinces) that says the rings are yours to keep. But until the divorce is finalized, it’s best to keep the rings in a drawer because you never know what might happen in court …

How much should I sell my engagement ring for?

While the factors above all influence the resale price of an engagement ring, in general you can expect to get 20-45\% of the original retail price. If you sell your ring to a jeweler, this number will be affected by their markup. Larger stores will likely have a higher markup than your local independent jeweler.

Who buys the engagement ring?

Traditional engagement etiquette dictates that the groom buys the engagement ring. However, some couples decide to split the cost. Men should consider their fiancée’s personality before suggesting she contribute to the ring payment, as even some very modern women expect the man to buy the ring.

Are engagement rings a gift?

In general, a ring is considered a gift. But an engagement ring generally also comes with the condition of the promise to get married. “It is the difference between the ring as consideration for the promise to get married as opposed to the ring as a ‘gift’, as gift is defined in the law,” said Anita M.

Do engagement rings hold their value?

Much like the highly emotional purchase of a car, a diamond engagement ring’s value depreciates steeply after the initial purchase. However, if you buy a high-quality engagement ring and it is well-maintained, the ring will keep a relatively consistent value over time.