How do I get my money back from an engagement ring?

Can you get a refund on an engagement ring?

What Happens if You Try to Return an Engagement Ring? In the eyes of the jewelry store, that ring lost value as soon as you walked out the door with it. Your ring is now considered used, even if no one ever actually wore it. … Because of this, most jewelry stores will not give you a full refund when you try to return it.

How long after buying an engagement ring can you return it?

All engagement rings, may be returned for up to 30 days from the date of original purchase for refund, credit or exchange. The engagement ring must be in saleable condition, include all product documentation (e.g. Tiffany Diamond Certificate, or Colored Stone or Diamond reports) and be accompanied by a sales receipt.

Does a woman legally have to give an engagement ring back?

If a woman who has received a ring in contemplation of marriage refuses to fulfil the conditions of the gift, she must return the ring; … If the engagement is ended by mutual consent, then in the absence of any agreement to the contrary, the engagement ring and similar gifts must be returned by each party to the other.

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Is it bad to exchange an engagement ring?

Exchange or Return It

If your partner purchased the ring new, head back to the jeweler together. You could keep the center stone and have it changed to a different setting, or spend the afternoon trying on rings together until you find a completely new style that you both love.

How much do pawn shops pay for engagement rings?

Most pawn shops usually pay about 30 to 60% of what a diamond is worth. Once you add in the standard retail markup that’s applied to most diamonds, this means that you’ll usually receive an offer for a small fraction of the amount you paid for your diamond ring when it was new.

How much should I sell my engagement ring for?

In most cases, a diamond engagement ring or other diamond jewelry will have a resale value of between 20 and 60% of the amount it cost when it was new.

Can you return a diamond?

Generally, if you don’t like your diamond, you may be able to exchange it for another one that you like better, or you may be able to return it and get your money back. You may be able to exchange your old diamond for one of higher quality.

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