There are a number of reasons why you would want to reset there diamond ring. The more important factor is actually how much will it cost to do so? Let’s take a look at some of the factors that would influence the cost.
The average cost to reset a diamond ranges between $75 to $250. When resetting your diamond ring three major factors come into play when determining the cost.
- The size of the diamonds you have on the setting
- Any other changes or additional diamonds or you want to add
- The jeweler you choose.
Why would anyone want to reset a Diamond Ring?
You would be surprised at the number of people who reset there diamond rings for one reason or another (see What Does Resetting a Ring Mean?). When people divorce one way to move on is to have their wedding bands made into another piece of jewelry. Or maybe you were engaged and sadly the engagement fell through. If you keep your ring you may want to save the diamonds and change it into something you can actually enjoy and wear.
Some other reasons might be because the piece is worn out or the piece is outdated and needs a refresh. Maybe its style just doesn’t suit you anymore. It could also be because the diamond ring was damaged and the best option is to completely redo it.
Once you have a ring reset, the value usually goes down significantly. So if you are thinking of having your diamond ring reset and you’re not totally attached to the diamonds you might consider selling it instead (see: How to Sell Your Diamond Ring). You will get more money for the ring and can then put that towards something else you might want.
Of course, if the ring is an heirloom think carefully about changing it as upsetting the special diamond could possibly cause damage or weaken the setting. It’s good to seek a professional’s opinion to examine if it’s even worth changing.
What are the steps involved before resetting your ring?
Before you even think about dropping your ring off to be reset, you will want to have a current appraisal done. This is very important because you need to start off knowing what your ring is currently worth. It may surprise you and turn out to be worth more… or unfortunately can be worth much less then what you originally paid. (see How Much is My Diamond Ring Worth?)
If you know the actual up-to-date value of your ring then that will help you in deciding if you want to just sell it at that point or if you want to go ahead and make your modifications.
The next step is to get a few different estimates from a verity of jewelers to see which one you like the best and would want to work with. This is so imperative to do because there are so many variables when resetting a diamond ring and some jewelers will charge more than others.
Adding a new Diamond to the original ring
When thinking about resetting your diamond ring, there is no set price. Anyone you speak to over the phone or over email will just give you a very rough estimate. You will need to take your ring into a jeweler so you can really take the time to explain what you want.
Any diamond ring can be reset and changed but people don’t realize that some jobs are much more difficult and complicated than others. What may look like a simple easy change to you might entail hours of work and risk involved.
Obviously, if the job is more complex than your cost is going to go up. If you are adding a new diamond then you will have to purchase that separately and there is also a labor cost on top of that.
Whatever reason you have to reset your ring be sure to consider all factors and cost estimates prior to going ahead. Good luck and happy ring setting!