[Closed] Best place to sell platinum ring?

Stealth advert on STW?

weigh it, check current platinum prices then call your nearest decent jewellers and see what they offer

The best option is to deal with one of the jewellery bullion supplier companies direct if you can. I use Cookson. Essentially this is where most broker or high street jeweller will take your ring anyway and you are cutting out the middle man. You do get slightly better prices if you have an account with them. Hallmarked goods are more valuable so if you call them make sure you let them know if it has a uk hallmark

https://www.cooksongold.com/scrap/

I marched round every jewelers in town with a surplus to requirements diamond and platinum engagement ring.

Bought price £1500

Offers of £150 to £250.

Bought price £1500

Offers of £150 to £250.

You came up against the retail jewellers mark up system. For many items, the person who makes the jewellery will have a 50-80% markup on the materials cost when selling to the retail jeweller, then they will often add another 100%. So the material scrap value-which has essentially what they have offered you, plus their own ‘little bit’ on top- is 1/5-1/6th of what you paid. A good example is silver chains. A chain I buy from Cookson might cost £6 (who themselves obviously make a profit from) yet the same chain in H Samuel for example will retail at £20. And don’t get me started on the ‘value’ of diamonds…
Having spent a short while selling my own jewellery both direct and via galleries and jewellers, I came to realise that, with a few exceptions, if you want to make money, become a retail jeweller.

Cheers - I'll give Cookson a go

I think it cost about £1000 15 years ago - even if I only get £100-150 its better than it just being sat there doing nothing (I have no love for this ring)

 if you want to make money, become a retail jeweller.

Yep. Also don't marry a cheating Muppet!

Although the only jeweler I've ever met went bust and it more or less ruined his chances of employment- in his words. Thinking about it I've seen a lot of wee one person/ two person jewlery shops come and go. I wonder if it's like bike shops. Looks easy and fun dealing with your hobby and becomes less so when dealing with the great unwashed.

Sell it to sharkattack 😀

Although the only jeweler I’ve ever met went bust and it more or less ruined his chances of employment- in his words.

You know Gerald Ratner 😉 ?

Sell it to sharkattack 😀

Seems a good solution

Ultimately depends on the ring. If it is (designed & made by rather than sold) by a jeweler of note or has other importance to the world at large then look to sell it as an item. Otherwise, as above, you are just looking at the current platinum price by weight of metal.

As others have pointed out, what you pay is the total price of materials, manufacturing or crafting, profit, tax, etc. Rather than a ‘jeweller’, you need to look for a local goldsmith, because they have the means to repurpose the metal, and any stones that might be incorporated into the design. What might be an even better idea is to ask them if they could remake it into a different design that you could carry on wearing.