Every married couple has wedding rings that are special and unique in their own way. After a divorce, questions arise about where to put this binding jewelry. Some decide to put the ring away in a safe, while others plan to pass it on to their children as a symbol of the marriage in which they were born. But what can you actually do with the jewelry—sell it, throw it away, or give it to someone? In this article we will tell you where to put your engagement ring after a divorce.
Why sell wedding jewelry?
Many people ask the question: “Where should I put my engagement ring after a divorce?” Signs that have existed for several centuries frighten many of us. After all, if you follow superstitions, then you can’t give the jewelry to someone, just as you can’t throw it away or melt it down. But what to do with it?
Let's move away from folk superstitions and figure out why this or that person cannot part with a wedding ring.
It's all about psychology. Many people associate this decoration with something more than marriage. There are memories, stories, children, relationships, friendship, and shared secrets. Parting with an item that has connected two people for many years will not be easy.
Some people believe that after getting rid of a wedding ring, a person’s karma deteriorates. Others are convinced that the absence of old jewelry can lead to failures in their personal lives with new people. Therefore, it is almost impossible for believers who respect signs and superstitions to part with the ring.
But if the breakup was painful and difficult for you, then along with the decoration you will let go of all resentments and disappointments, because many objects can accumulate energy, both positive and negative. So where should you put your engagement ring after a divorce? It is best to give it to a jeweler for melting down or sell it to make yourself a nice gift as a good ending to a negative story.
How to find out the current price of a gram of gold
The current cost of 1 gram of precious metal in a jar is important when calculating the approximate price of the whole product. Pledge organizations set their own rates, so the amount offered for the same piece of jewelry can vary significantly from one pawnshop to another. It is worth spending a little time and familiarizing yourself with the prices of gold in pawn shops in your city in order to get the maximum profit from the transaction. A competing office may make a more advantageous offer, especially if they announce the results of visits to other companies.
You can calculate the approximate price yourself if you know the world exchange rate for the precious metal today and the sample of your products.
You can find out how much an alloy of this or that standard is now and what the approximate price of a gram of gold is in pawn shops by simply multiplying the exchange rate by a coefficient: 2405 (the price of gold per gram) x 0.585 (fineness in the form of a coefficient) .
The resulting total is 1407 - the approximate price of a gram of 585 gold in a pawnshop today. However, only an appraiser will tell the cost of a specific product, focusing on the exact weight, condition and exclusivity of the product.
Where can I sell
So, you have repeatedly wondered where to put your engagement ring after a divorce, and then decided to take it to a pawnshop or jewelry workshop. Before getting rid of your jewelry, it is important to make sure that it is made of precious metals and stones.
Helpful advice. Don't go to the workshop without prior preparation. First, weigh your ring and also contact several jewelers for an estimate. Secondly, study the market for precious resources so that you can navigate the cost of jewelry.
Don't expect to get huge amounts of money for your engagement ring, as there is a significant difference between the retail and resale value of jewelry. But you can use this money to invest in travel or buy yourself some useful item. Direct these funds into a righteous direction so that in the future you will not be bothered by the feeling of waste.
If you have a ring with a gemstone, you can list it on online auction sites that make it very easy to sell your wedding jewelry for a fair price without leaving your home.
What not to take to a pawn shop
Pawnshops will not be able to accept items prohibited by law as collateral, even if they are valuable from a jewelry point of view.
The following are not accepted as collateral:
- weapon;
- Food;
- poisons;
- orders, medals, badges for success in military service;
- objects that emit radiation;
- cultural and historical values.
Also, pawnshops will not accept real estate or any buildings as collateral. Such institutions are prohibited from engaging in any business activities. They can only provide jewelry loans as collateral and advise clients. We do not issue loans secured by a wedding ring to adults. Only the citizen with whom the pawnshop made the transaction, or another person with a notarized power of attorney, can pick up the jewelry.
You cannot enter into new transactions with jewelry pawned in a pawnshop, rent it out, or re-pledge it. If a ring or other piece of jewelry is damaged due to the fault of a pawnshop, the organization will have to reimburse the cost of the damage.
Let go of old things, make room for new ones
Most people don't know if they can wear a wedding ring after a divorce. Answer: of course you can. There are no prohibitions or laws that would reproach people for keeping the ring and not removing it. But think about whether you really want this.
Let's give an example. The man had been married for 30 years, after which he and his wife decided to divorce. There could be many reasons: a lack of common interests, disagreements, and exhausting work. The man understood that nothing would bring his wife back, so after the divorce he could not come to terms with the separation, but decided to wear a wedding ring as a sign of fidelity to his love. Such a gesture was very important for him, because every time he reminded himself of the wonderful moments in marriage, of the mistakes he had made and that he did not need anyone but his wife.
Some people find it much more difficult to come to terms with divorce, especially if it was provoked by betrayal, tyranny, pain, humiliation and insults. Those things that are associated with some difficult moments in life can bring a lot of suffering, so why keep them? Constant negativity makes you a vulnerable and closed person, and the presence of a wedding ring turns you into someone who does not in any way try to give himself a second chance at personal happiness.
Repurpose Jewelry
Should you keep your engagement rings after a divorce? Unless their presence causes you inconvenience and suffering. Believe me, some people find it much easier if any items associated with a bad marriage are eliminated or modified.
Let's find out where to put a woman's engagement ring after a divorce. Take the jewelry and take it to the jeweler. Have the precious metal melted and then molded into a new ring that you can put on your little finger. This will show potential suitors that you are available. Instead of turning your engagement ring into a typical necklace or pendant, consider other options such as an anklet, pin or brooch.
Is it possible to donate gold without hallmarking?
Unsampled products can be taken to pawn shops and jewelry shops. There they will conduct an examination and establish a gold sample, assessing it by weight. The purchase of unsealed items is carried out in batches, the weight of which is determined by each institution independently.
You can watch the video to see how the percentage of aurum in products is checked without testing.
Give it back
Now let's talk about noble manners when questions arise about what a woman should do with an engagement ring after a divorce. If you want to close the marriage book, then offer to return the ring to your ex-spouse. It so happens that a man buys jewelry for an engagement and wedding, so it would be fair if you give him the jewelry as a sign of respect and honor.
This gesture looks especially generous when the guy gave the ring as a family heirloom, rather than buying it from a jewelry store.
What is gold scrap
Scrap includes any gold products other than bank bars. In the general sense, this is technical gold, nuggets, broken or deformed jewelry, watches, and award badges. The term "recycled gold" is often used. This means that the jewelry has no aesthetic value. They are subject to further processing and melted down to make new products.
Pawn shops and purchases do not evaluate jewelry craftsmanship. Gold is always accepted as scrap.
With peace and quiet
If you go through life with positivity and fun, then you will definitely like this method. What to do with an engagement ring after a divorce? Perform a funeral ceremony.
Order a small coffin for your ring, wear bright clothes, grab your best friends, and then take it anywhere and bury it. After the ceremony, be sure to go out and have fun. This is a harmless way to take control of the situation and begin to move forward. But it will be extremely difficult for you to do this if you don’t want to simply throw away the precious jewelry.
Ceremonial farewell No. 2
If the idea of burying a ring doesn't appeal to you, then how about the idea of sending the jewelry floating down the river? Make a small raft or buy a toy boat, cover the jewel with flower petals and light candles on the shore. Send your engagement ring on a long voyage, imagining that you have said goodbye forever to the pain, suffering and heavy feeling of divorce.
Cost of melting gold
The cost of gold remelting ranges from 500-1000 rubles and takes 30-50 days. The price will be influenced by several factors:
- complexity of decoration;
- the amount of impurities in the metal (if the sample is low, then the alloy is first cleaned);
- final weight.
You can increase the mass of the finished product by adding gold in the workshop. Such a service will cost between 1000-2000 rubles, depending on the region.
Donate it to a worthy cause.
So, you have considered many options, found out whether you can wear a wedding ring after a divorce or not, tried to send it on a voyage, but nothing worked out. Now think about how you could contribute to a good cause. For example, a woman might sell her jewelry at an event to raise money for a breast cancer foundation.
You can also give it to a friend or family member who is delaying an engagement or marriage due to the high cost of precious metals. Allow strangers to use your decoration as they please, but remember that with such a gesture you have done something useful and pleasant.
Give up gold without ransom or pledge it
The answer to this question depends on whether you are interested in preserving the item. I also advise you to evaluate your financial capabilities in the future for the next few months. Is there a chance that the financial situation will improve? This is what you need to start from when choosing a contract option.
A loan is issued against a collateral with the possibility of further redemption for a certain period. Interest is charged on the funds issued. It is paid upon redemption or renewal of the contract.
In buying gold, gold is purchased under a purchase and sale agreement. For a gram of precious metal they will give you 10-50 rubles more than in a pawnshop. The buyer makes money from resale, and the pawnshop makes money from the interest received from customers.
Create a work of art
Collect other old jewelry or buy some costume jewelry from a thrift store and then dismantle it. Remove the stones and rhinestones from the rings and use hot glue and canvas to create a beautiful mosaic look made entirely from jewelry.
You can melt the metal and turn it into a tiny sculpture. Of course, creating a work of art takes time. But it is during this period, when you engage in creativity, that you can let go of all fears, resentments, pain and disappointment.
How and where do pawn shops sell gold later?
Large pawnshop chains have their own jewelry stores where they offer unredeemed jewelry for sale. The advantage of such stores is that the price of high-quality jewelry is lower than in retail chains.
Unique, branded or antique items are sold at auctions. The one who offers the highest price can buy them.
Pawnshops sell broken, unsalable, and deformed items to jewelry factories and factories. There the scrap is melted down and new jewelry is made.
Signs and superstitions
It is believed that wearing a wedding ring after a divorce or death of a partner is a bad omen. But is this really so? It's all about the state of mind of the divorced person. Imagine how bad he feels morally when he sees this decoration.
- It is believed that if a ring brings suffering, then it should never be kept near you. The best way to get rid of it is to sell it, give it away, melt it down. This also applies to other wedding attributes.
- Traditionally, the wedding ring is wrapped in a scarf and placed in the farthest corner. According to legend, this is necessary so that the jewelry does not fall into the wrong hands. Many believe that objects store the energy of the owner, so some people can use them to cause damage.
- Selling is not recommended, because it is believed that you cannot purchase and wear used jewelry. Many people believe that if they take a used ring and put it on, the life of the previous owners will be passed on to them. And since the jewelry was sold, it means their marriage did not work out. Nobody wants to repeat the fate of their former owners, so such people prefer to buy new rings, even if they cost them a pretty penny.
- Another sign is that jewelry passed down from parents can be worn. But if you decide to melt down or give your ring to a friend or acquaintance, then it can make their life miserable.
How true this is is up to you to decide. In most cases, all signs are associated only with the undermined emotional and mental state of people after a divorce. Some people don’t believe in omens, but prefer to keep the ring because it is often quite expensive and made of precious alloys and stones. When a difficult period in life comes, a person can sell it or take it to a pawnshop at any time. But if you are in unbearable pain, then get rid of the jewelry without even thinking about it.
How it works
“If you pay interest on time, you won’t have to repurchase the collateral for years. The item is simply re-pawned and a new pawn ticket is issued,” says Barannik.
If you don’t pay them, then after two months the pawnshop sells them at retail or puts up unclaimed items for public auction in order to return the funds issued (according to the law on pawnshops, collateral exceeding 30 thousand rubles can only be sold through an auction). And anyone can come, make an offer on the price and buy it if it turns out to be the best. In principle, both expensive and cheap things are sold.
Unclaimed jewelry is purchased by both individuals for themselves and individual entrepreneurs for resale. The prices at which items are bought from pawnshops at auction are very different from the prices on the shelves of jewelry stores.
Appraiser Mikhail calls such buyers dealers. “They know where, what pawn shops, what products they have, they call, go, ask if there is anything special. The dealer, as a rule, buys unclaimed products, repairs, restores them, and sometimes melts them down. He can buy it to remove the stones and insert them into another piece of jewelry,” he explains.
But for the most part, pawnshop clients still buy back their pledges. According to estimates by the National Association of Pawnshops, the share of unclaimed items averages from 10% to 30%.
Pawnshops do not have the right to buy. But they may offer to sell the item to a partner organization.
The student was given 20 thousand rubles on credit for his cross and chain. “They could be sold for 2-3 thousand dollars, a cross with diamonds. But they valued it only by the weight of gold, because the stones are small,” says Vasily, but without much indignation or dissatisfaction, in the end he had enough money.
In an antique pawn shop, the client is given three prices. The first is the one that people can get as collateral, in other words, the size of the loan. The second is how much such an item can be sold for cash right away, it will be slightly higher than the first, because the loan amount is always slightly less than the market real value of the item. There is a little reinsurance. Third - at what price can the product be displayed in the store.
“This is the most pleasant amount, but we are not responsible for sales on time. That is, we assume that it can be sold this way. This is an objective price, but no one will give it to you right away. You list an item, it sells and, minus commissions, you receive money. Between these three prices, the difference can sometimes be twofold,” concludes Barannik.
