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Mind-Blowing: Woman Buys A Ring For $13 At A Flea Market But 33 Years Later Realises It's A Diamond Ring Worth $957,000

Date February 15, 2019 12:42

According to Money Crashers, a flea market is a large indoor or open-air market where dozens, hundreds or even thousands of vendors and bargain hunters gather to buy, sell and swap varieties of gently used goods.

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Mind-Blowing: Woman Buys A Ring For $13 At A Flea Market But 33 Years Later Realises It's A Diamond Ring Worth $957,000Matej Kastelic / Shutterstock.com

Here is a story of how a woman purchased a diamond ring without realising in a flea market.

Making extra money with a flea market booth

Do you need some cash and do not know how to go about it? Guess what? Selling at a flea market is an excellent opportunity to make that extra income. This is because a flea market is open all through the year. Here are some tips that could help you get extra income with a flea market booth

Mind-Blowing: Woman Buys A Ring For $13 At A Flea Market But 33 Years Later Realises It's A Diamond Ring Worth $957,000Action Sports Photography / Shutterstock.com

The first thing to do is to find out how flea market booths work. Get a good location, visit several flea markets, compare and consider your booth placement and security. Decide what you would sell and places you could get those items. Then study what sells best for you and what does not.

Set up your booth nicely, and invite your family and friends. Do not just stop there, use social media to market your products!

The diamond ring bought at a flea market

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by Sotheby's (@sothebys) on

Debra Goddard is a 55-year-old British woman from Twickenham, West London. In 1986, she bought a ring at a flea market and thought it was plastic.

June Boyle, Goddard's mother, lost her savings due to a relative’s fraud, so Goddard decided to sell the ring. With an expectation of getting $970 from the ring, she took the ring to a jeweler for an appraisal and discovered that it was a 26.27-carat diamond.

She told The Sun:

“When I went to the jeweler, he nearly fainted and said, ‘Do you know what this is? It’s a diamond.’ I sat up all night looking at it, wondering what to do.”

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She took the ring to an auction house and went back home with $607,900 from the sale. Goddard has graciously spent the money on her mother.

She is a volunteer with a runaway kid’s charity and is currently writing a book on how to look at valuable items at a book sale. She has promised to donate the money from the book to the charity.

Tips you might need when shopping at a flea market

Are you planning on visiting a flea market? This might be just what you need.

1. Dress down: Do not put on expensive clothes when going and make sure to wear something comfortable;

2. Take as much cash as you need;

Mind-Blowing: Woman Buys A Ring For $13 At A Flea Market But 33 Years Later Realises It's A Diamond Ring Worth $957,000Africa Studio / Shutterstock.com

3. Eat enough before you go and carry along a refillable water bottle;

4. Go early, and you can get quality and variety;

5. Go along with a friend or colleague: They might give you better judgment;

Mind-Blowing: Woman Buys A Ring For $13 At A Flea Market But 33 Years Later Realises It's A Diamond Ring Worth $957,000Iakov Filimonov / Shutterstock.com

6. Check to see if what you are buying is genuine, and negotiate!

Debra’s story shows us that hidden treasures may be buried in flea markets. You can never tell. You might as well get a diamond ring at the flea market!

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