There are usually three types of reasons one might sell a used engagement ring: a divorce, lack of use/wear, or to pay for a ring upgrade or other life expense. It's interesting how each reason can change the price and perception of rings.
There are definitely folks out there who might not want a ring from a divorce just for superstition purposes, but for most of us, a used engagement ring can be the ticket to good bang for the buck. Let's talk shop on why you might (or might not) want to opt for a secondhand used engagement ring.
You'll save money
Got engagement ring envy? Want a larger rock than you could afford otherwise? Are you just strapped for cash and still want some pretty bling? A used engagement ring can get you a lot more for the money.
Rings don't devalue quickly, if at all
Diamond rings usually don't lose value like a used car. Heck, diamonds are already old as balls in nature. If a ring is cared for, it can last for many years. A new ring may have that new ring “feel,” but a secondhand ring can be just as sparkly and awesome.
You can score antique stories
Another reason you may find a used ring is that it's actually an antique someone is selling from an inheritance or estate. These can net you awesome back-stories with real history and that vintage look that's popular. Will you save money this way? Maybe not, but it could be worth it for a little link to the past. You can find antique engagement rings at online stores or at any antique marketplace.
Con: watch for scams
Those online used ring marketplaces often have safeguards to prevent getting scammed, but places like eBay, Etsy, and Craigslist can be a little more shady.
There are only a few legit diamond grading labs like GIA (Gemological Institute of America), AGS (American Gemological Society), and IGI (International Gemological Institute). Try to stick to getting verification from those places just to be sure and verify it with the lab itself before you buy. On sites like eBay, look at seller ratings carefully, and feel free to ask lots of questions.
There are reputable places to buy
Once a sale is made, the seller sends the ring to the website, not the buyer. A gemologist then verifies all the details of the ring, and payment is held in escrow until after authentication.
Would YOU wear a secondhand ring? Under what circumstances? Tell us in the comments!