You’ve found true love and now you want to seal the deal with white tulle and wedding bells. It’s now time to empty your wallet on a diamond for that engagement ring. Not only do you have to choose something your beau will adore, but spend a significant amount of money on the piece. Used engagement rings are a solution that can have you smiling all the way to the bank because, if you do it properly, you can end up with an investment piece that will one day out-value a brand new Tiffany & Co ring; if you choose a used ring intelligently, it will appreciate in value indefinitely.
Not all rings have more investment value than is found in their stones and metal melt down values. Used engagement rings are ideal if you plan on designing your own setting. If you remove the stone of a ring that will never appreciate into an antique, you’re left with the creative freedom to design your own setting. Pre-owned quality is often far above that of new rings, so you receive more for a lighter price tag.
Appreciation in Used Rings
A brand new ring usually devalues in value, reselling at a mere 30% of its retail price. If you’re savvy with your investment in a used engagement ring, its value will rise with the years.
The Art Deco, Edwardian, and Victorian Eras
Few can afford a stone over five carats brand new, but pre-antique and aged diamonds of the same carat value offer the highest value appreciation after purchase. Three eras come closest to today’s fashions, so if you’re a fan of trendy rings, these are the periods to hunt for.
- The Victorian era falls between 1836 and 1901. You can expect to find romantic rings with diverse carat levels. Flower, bird, and heart shapes were prominent.
- The Edwardian era is responsible for exquisite, delicate designs with graceful settings and extreme detail. Platinum was a popular metal in the early 1900s.
- The Art Deco Period produced chunky, modern designs. Square diamonds and semiprecious stones were used together to create bold palettes.
It lasted from 1935 to 1950 and features designs from some of the 20th century’s most renowned couturiers. Tiffany & Co, Van Cleef & Arpels, and Cartier were popular. Pre-antique used diamond rings are the most intelligent investment if you’re on a budget. They have a comparatively low investment price, and if you choose your ring smartly, you can make significant returns. Remember that much of the value of your used engagement ring comes from its setting. Having it reset can reduce its resale price.
Your ring will become one of the most sentimental items you ever buy, but choosing used engagement rings adds even more nostalgic value to your piece because many rings come with stories attached.
Used engagement rings are eco-conscious. The mining process for real diamonds creates environmental destruction, and there’s no rational reason another diamond ever needs to be taken out of the earth. There are enough pre-owned stones to keep today’s romantics happy in a way that doesn’t cause ecological chaos. You needn’t choose a synthetic ring to keep your purchase principled. Contact us online to begin your search for the perfect ring for your loved one. Or, visit us in person at 2490 Yonge Street, conveniently located near the intersection of Yonge and Eglinton in Midtown Toronto.