The Jewelry Insider

November 4, 2008

Now is probably not the time when most of us feel like splurging on something new – yet that doesn’t mean we don’t want some new bling bling to rock in the season.


So, what’s the solution? Jewelry.com has come up with some great money saving ways that will give you some stunning new jewels for literally pennies.

Old rings that have been relegated to the jewelry box such as a diamond ring you’ve inherited or a generous gift that well, just isn’t your taste – now’s the time to hunt them out.

One of the most common questions we’re asked at Jewelry.com is ‘should I sell the ring and if so, where?’ Just remember, the resale price of a diamond ring is way below the price paid for it. Most people after finding out how much they’ll receive decide it’s not worth selling, but then have no idea what to do with the ring.

We say reset it and enjoy it. One of the most popular ways to reset a diamond ring is either to take out the diamond and set it as a pendant, or reset the diamond with smaller gemstones surrounding it, to give it an entirely different look and feel.

If you have an heirloom the question of to reset or not can be fraught with emotional issues. After all, this ring may have been passed down from generation to generation and to take it out of its originally setting is almost like breaking the chain. If you do decide to reset, then when you talk to your
jeweler, find out about having an antique setting that is more to your taste, but still keeping within the era of the original setting. If you do decide to take the resetting plunge, make sure you go to a reputable jeweler that specializes in resetting. Spend time with the jeweler and make sure you’re confident that they understand what you’re looking for.

A good idea is to have the diamond graded by a professional gemological laboratory such as IGI or GIA. They’ll examine the stone and you’ll receive a diamond certificate detailing the diamond’s properties. That way if any queries arise when you receive the diamond back in it’s new setting you can re-check that it is the same stone. Make sure the jeweler insures the stone during the period they have it. If they don’t make sure your insurance covers the diamond during this time.

Find out how long it will take to reset the stone – you don’t want any nasty surprises. If you’re having additional stones in the new setting, make sure they’re the quality you want, ask to see a sample of the types of gems of diamonds that will be surrounding the diamond, together with your diamond. Some colors or diamonds reflect in the main stone, making the stone appear duller than it is (and vice-versa, they may bring added brilliance to your gem).

The same applies if you’ve having it set in gold. Some diamonds appear to have a more pronounced yellow tint when set in yellow gold. White gold or platinum may make the stone appear more colorless.

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