How do you handle situations such as this? Is there a
traditionally acceptable time period in which engagement rings can
be returned if the person says "no" or the engagement falls
Some stores have a 30 day money back guarantee. I've never heard of
more than that. After six months,the most I would give for the ring
if I were taking it back is the wholesale cost. That would be 50% to
60% of the selling price minus the cost of resetting the diamond.
Your friend is not asking for "his" money back. He is asking the
store owner to give him "the owner's" money. Why should the store
owner take a loss for your friends problem? I'll bet you that the
store owner fails to find a buyer (translation: he didn't bother
looking) or the offer is less than 50% of the selling price.