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Broke? Diamonds Are a Girl's Best Friend

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Just because he broke your heart doesn't mean you have to be broke. Sell that ring sister!

woman looking at her engagement ring

With this economy, who can afford to be sentimental? More and more women are trading in memories for cold, hard cash. That's right -- they're finally selling those old engagement rings and wedding bands.

So many women hold on to tokens of a long, lost relationship. Maybe it was the wedding band from your divorce five years ago, or the diamond ring from the guy who broke your heart before you broke off the engagement. It's not unusual for us to pull them out now and again and think back to better times, or reminisce about an old relationship.

But now, with so many of us struggling to pay the bills, those old baubles are really coming in handy. Mara Opperman, owner of the website, says business is booming. She runs the online market place for buyers and sellers of wedding and engagement rings. Move over, eBay -- Mara says business has never been better. "The recession has totally boosted the site and sales. In fact, the site generated over 34,000 visits during the month of October -- the site's highest numbers to date."

Now even if you've decided to ditch the diamond once and for all, there is one thing you need to be certain of before you sell. If you didn't get married, legally the ring belongs to the gifter- a.k.a - your ex fiancé. Make sure he doesn't want it back before you sell.

So remember, just because your heart may be deflated -- there's no reason for your bank account to be. Even after a relationship goes sour -- it seems some things still hold true -- diamonds really are a girl's best friend.

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3 comments so far | Post a comment now
Anonymous December 7, 2008, 12:28 PM

NEVER in a million years. the main stone in it has been in his family for 100 years

ashley December 8, 2008, 8:14 AM

Yeah, forget about being sentimental!! My husbands father used to go on digs for stones and then make jewelry after he retired from being a cop. For my birthday last month he gave me this necklace with little diamonds and this huge ruby in it. I will never wear it. Ever. I am going to get it appraised. If we are ever totally broke, my hubby has these authentin OU pics that are worth like $10,000. If he thinks we’re not selling those he’s crazy!!

Hannah December 8, 2008, 2:38 PM

My sisters ex boyfriend proposed to her a few years back, with a $3,000 ring. After they broke up, she sold it to a pawn shop and only for $80!

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