I have talked several times around here about the need of being a financially independent woman, however strong your relationship with your boyfriend or spouse. I stand by that and never miss an occasion to make my point, in spite of people sometimes calling me the least romantic person in the world. Marry for love, of course, not for money. But know that money is a source of stress in many relationships, and pretty often the cause for divorce too. Having the money talk before you commit to someone is super important. And so is keeping a little emergency fund that belongs only to you, just in case.
Maybe you won’t get divorced, at least I hope so! Maybe your parents will need help and your spouse won’t be willing to provide it. Maybe you will feel better spending that little cash without having to consult your significant other. Whatever it is, expect the best, and prepare for the worse. What if you broke up tomorrow? Can you get a new place on your own, would you have to go back to work immediately? Can you afford to spend the next six months looking for a job that you would really wake up excited to go to every single day?
Should the worse happen, one way to pad that extra emergency fund is by selling your engagement ring. What? Getting rid of your diamonds? It quite makes sense, if you think about it. Divorce is a terribly hard life event, and getting rid of the memories may be part of the healing process. Unless it is a sentimental family heirloom, it is unlikely your daughters will want to have it, and you will not get to wear it again. So why not make some extra cash?
Finding a trustworthy jeweller to sell it might be complicated, thankfully, you can do it all online these days! A marketplace called Worthy allows you to sell your ring from the comfort of your own home, and pretty quickly.
To sell your engagement ring, you create an account, upload a picture of the ring, and get a valuation instantly. Then you send it over to Worthy, with free shipping and an insurance of up to $1,000,000 from the moment the ring is collected.
Once you agree on a reserve price, if Worthy is able to meet it, you are committed to selling. However, if the highest bid is below your reserve, you can get your ring shipped back to you free of charge.
The process is hassle-free, as Worthy does all the work, promoting the ring to worldwide buyers, guaranteeing you will get a binding offer within 7 days of the auction starting. Should you get the ring back and a better price from your local jeweller within 30 days, Worthy will pay you $100.
What you decide to do with the money is up to you. You can see some videos of other women who sold their diamond rings on their website, and decided to pursue further education, save for a rainy day, or simply treat themselves to something nice. How about a “just for me” ring?