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Not Heidi

(1,536 posts) Sun Oct 3, 2021, 05:42 PM Oct 2021

Jewelry Rip-Off. Got any advice? [View all]

How do I get my money back? I paid 60% more than a pair of earrings was worth, and now I'm trying to figure out how to get my money back. I've drafted a demand for refund letter, but I don't know if that'll do the trick.

I bought a pair of 14k gold and sapphire earrings almost six years ago. Fortunes have reversed and now not only could I not buy jewelry anymore, I've had to sell a few pieces. A local jeweler informed me a couple of days ago that these earrings are worth about 40% of what I paid for them.

I'd welcome your advice, even if it's only telling me when I have to stop being reasonable and take the guy to court.

Thanks.

PS re court: there's a problem. The jeweler is in Delaware. I'm now in California. ??

33 replies

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Highlight:

Jewelry Rip-Off. Got any advice? [View all] Not Heidi Oct 2021 OP

What's the basis of your claim? Is it that the jewelry was falsely advertised? PoliticAverse Oct 2021 #1

My guy said Not Heidi Oct 2021 #12

Remember when you are selling to a retailer, they have to get a profit when they sell csziggy Oct 2021 #30

Unfortunately, jewelers will not pay much. If you have paper work on them, I'd sell them on eBay PortTack Oct 2021 #2

Question. Not Heidi Oct 2021 #14

I believe so. Also any markings in the metal is very helpful PortTack Oct 2021 #29

get a second appraisal lapfog_1 Oct 2021 #3

Not much you can do seta1950 Oct 2021 #4

Does the fact that they've never been worn mean anything? Not Heidi Oct 2021 #15

jewery prices go up and down all the time unless they cheated unlawfully good luck nt msongs Oct 2021 #5

Don't get your hopes up. Jewelry, like a car, loses value the minute you walk out of the store. Shrike47 Oct 2021 #6

More than $1,000. Helluva profit. Not Heidi Oct 2021 #16

A merchant/seller can charge what they want left-of-center2012 Oct 2021 #7

Thanks. Not Heidi Oct 2021 #17

Jewelry's value is whatever someone is willing to pay for it. Six years ago pnwest Oct 2021 #8

So, the seller made a 60% profit left-of-center2012 Oct 2021 #9

When you buy things, you usually can't sell them later for what you paid for them. LisaL Oct 2021 #10

Hey, welcome to DU, and jewels like gold, although not as volatile, do vary with time....... a kennedy Oct 2021 #11

no recourse, precious metals and jewels fluctuate on price Shellback Squid Oct 2021 #13

Thanks to everyone. Not Heidi Oct 2021 #18

"Let's see what happens on eBay" left-of-center2012 Oct 2021 #19

Holy crap - you're right! Then -- Not Heidi Oct 2021 #21

Holy crap left-of-center2012 Oct 2021 #23

If you're trying to sell them to the jewler, 40% is about right. He has to mark them up and ... marble falls Oct 2021 #20

Nice goes a long way, that's true. n/t Not Heidi Oct 2021 #22

What you have going for you is that jewelry and gold will never be worth nothing. I think the ... marble falls Oct 2021 #24

A couple years ago a friend of mine got a divorce. blueinredohio Oct 2021 #25

I sold a gold and diamond men's ring once left-of-center2012 Oct 2021 #26

Diamonds are not that valuable on the resell market. NT cinematicdiversions Oct 2021 #27

If you were trying to sell them to the jeweler who gave you the value, he's trying to get a good Vinca Oct 2021 #28

That's just retail markup TexasBushwhacker Oct 2021 #31

I've never been in the jewelry biz, but family has been in the high end of it... TreasonousBastard Oct 2021 #32

If the jewelry or jeweler is unique or has a collectable value - haele Oct 2021 #33