Wondering what to do with your wedding ring after divorce? How about all those pieces of jewelry you have that you don’t need or want anymore: a necklace you never wear, a bracelet that was given to you that brings back bad memories, a ring you inherited that you don’t particularly care for… and then there’s the wedding and/or engagement rings.
What do you do with your wedding ring and other jewelry after divorce?
You can do nothing, which in my opinion is like keeping cash in a drawer and never spending it. Or, you can wait until you are emotionally ready to part with it, and then sell it and use the money for something meaningful or something you really need or want.
If you are considering selling your ring after divorce, beware. There are many untrustworthy places to sell rings and jewelry online.
Then there’s MJ Gabel, the company I sold my ring to in 2012! MJ Gabel was founded in 2011 and is run by Matt and Anne Gabel, an adorable couple with two young kids and a dog. They are both very knowledgeable about the industry, and are both passionate and dedicated to their business. Selling my wedding rings to them was a GREAT experience and I’d like to share it with you.
What I love about MJ Gabel is not just the honesty and integrity they run their business with, but that in working with them, you have options. You can consign, broker, or auction your ring to get the best offer. How do you know which one is best for you? Talk to Matt and Anne! You can call them, set up a zoom call with them, or visit their store located in New York. They will listen to your situation, explain how the options work, and then make recommendations.
I do not live in New York, so I worked with MJ Gabel remotely. That might seem scary to you, but you can trust them. I have firsthand experience and know them well.
Here’s how it works:
1. Contact MJ Gabel.
2. If after speaking with Matt and Anne you want to move forward, they will send you a pre-paid UPS envelope so that you can send them your ring.
The ring is fully insured, and if you change your mind before they sell it, or you don’t like the offer, they will gladly send it right back to you with no problems.
3. Put your ring (or other jewelry) in the envelope and drop it off at a UPS location. They will send you an email when they receive it.
4. After they appraise your ring (or other jewelry) they will be in touch to discuss the value, your options, and possible offers.
5. If nothing feels comfortable, they will send you back your ring. If you want to move forward, they will either do an electronic deposit (or send you a check) for the agreed price, or if you decide to consign or auction it, they will keep you updated until it sells and then deposit the money into your account.
That’s it!
In closing, I want to say something about selling your wedding rings. The decision to sell your wedding rings isn’t always an easy one. It has to be the right time and it has to feel right. If it doesn’t, you should wait.
That said, there are so many financial benefits to selling your rings and other jewelry. This article might be helpful: It’s about what 34 women did with the money they got from selling their rings.
Just remember that it’s YOUR decision. No one can tell you what to do. Trust your gut. You’ll know when the right time is.
Remember, a wedding ring is only a material item. The beautiful memories you have of being a young bride in love don’t come from saving your ring. Those memories live in your heart and you never have to sell those.
What should you do with your wedding ring after divorce? Consider selling your ring and your jewelry during the holidays
There are a few reasons why you might want to sell your ring during the holidays. First, you might want to buy a new piece for yourself, or take a family vacation after the holidays. Next, maybe getting ready for the New Year means a new start, which means clearing out tangible items associated with old memories. Lastly, you might want to re-purpose the diamonds for a gift to a daughter or daughter in-law. Having extra money during the holidays is always nice.
