A recession is a bad time to sell jewelry. The market is glutted. Lots of places aren't even buying at this point. If you don't need the money now I'd wait.
OP, if you purchased your ring for $1500, that is probably what it is worth. For some reason jewellers frequently give an 'enhanced' valuation for items they sell.
Hey magicorlando - don't have any idea about selling jewelry, but I see you're right next door to me in Hollywood.
Would love to talk to you for the story I'm writing about Disney fans -- it would be great to have someone in our area! I'd love to learn more about what brought you to the DIS Boards. Drop me a line if you can by using this link.
Thanks! Hope to hear from you, and good luck.
Stefan Kamph
Staff Writer
New Times Broward-Palm Beach