Let the buyer beware.

I recently sold an item at auction which made 70 times what my late husband paid for it. Either the dealer who sold it to him or the recent buyer got it wrong. Caveat emptor.

@fancythat

Yes I am the poster who is an antique dealer. I saw this on another forum and people were saying "buyer beware" same as here. Gold is mostly hallmarked and there is a test you can do in minutes to determine the carat value.

So the jeweller should have used his knowledge and experience to determine the material before making an offer.

Ive occasionally bought something on spec where I could not examine it closely (say in an online auction) and it turned out to be not what I suspected. On the other hand I recently bought a mixed auction lot for £100 and one item alone sold to an Anerican collector for $3000. Thats the nature of the antiques and vintage game.

There are tales in the trade of dealers who bought an old desk and subsequently found a secret drawer with valuables in it. In that case I would keep quiet.

Once an item is sold its sold. Caveat emptor!

Perhaps it is gold.

He is just trying it on to get money from both ends.

Wouldn’t trust his opinion either way.

Keep your money.

He played a stupid game, he won a stupid prize as they say on Facebook.

He doesn't sound like he knows much about jewellery. I would take it somewhere reputable next time, to someone who can tell gold from from gold plate.
Meanwhile it was his mistake- maybe offer him a token amount back for wasting his time but I hope he learned his lesson.

Agree with GSM
Surely there’s a test for gold that should’ve been employed before the offer was made? Big mistake by the buyer!

I came across a few bank notes in an old purse belonging to my daughter who had spent time in Bali.I took them to our bank who determined they were worth $1100.I was handed the cash and very excitedly rushed off to give my daughter the good news.Two weeks later the bank called to say sorry the bills were worthless and they asked for the money to be returned which we did. 🤨

Yup. Caveat emptor

I would tell him ‘caveat emptor’. He’s the expert and if he made a mistake without your having made any representation about the ring, that’s his tough luck.

I cannot remember if you are the poster who regularly buys and sells things?
In which case, there must be rules about this type of thing?

Also, wondering if this is a "reverse", and you are the one who maybe out of pocket?

All going to depend on what the UK? legal position is?
Or would it depend on overseas laws, if another country is involved?

It would depend, if he were someone that trusted your expertise so paid thinking you would know if it were gold or if it were someone you didn’t know.

If you didn’t know them then its fair game.