Lost in Ernest Jones

[S 8 GRN]

Hi All - I'm going in circles and was hoping for some sound advice. I lost a watch bought for me 14 yrs ago by my wife and have had a decent insurance payout.(Baume & Mercier) My frustration is that they have sent me a gift card for Ernest Jones which is limiting my choice of watches. Rolex would have been my preference however they don't sell them. I can't see a simple way to turn the gift card in to cash without risk i.e. Ebay.

Therefore I've narrowed it down to the following 3 watches, which I appreciate are all wildly different. I do have a thought in my head that one day I may trade this new watch in towards a Rolex though I'm not sure that's the right approach to have.

Your thoughts and wisdom would be greatly appreciated.

[S 8 GRN]

Claimed on my home policy - AXA - told them the watch was purchased for £1300 and they offered £2100 on the card. From the research I've done they'll offer me significantly less if I push the cash angle. EJ do sell the same brand of watch that was lost.

Thinking aloud ... I wonder what the trade in value would be on a brand new unworn Tudor P - i.e. I walk out of EJ in to Goldsmiths and try and pick up a Rolex. Given I've had a larger payout than I anticipated plus, I could get 12% cash back through Quidco and I'll be paying for the extra £1k with further EJ vouchers that I can buy at 15% discount perhaps this is an option?

Likely lose too much on the trade in?

A.

Edited by S 8 GRN on Friday 29th April 21:41

[S 8 GRN]

garyhun said:

Not sure if this is a crazy idea but how about going into your local Rolex shop and explain the situation and see if they can't come up with some form of deal with EJ where EJ get to sell something to them that they can resell and you get to give them more money for a Rolex?

Worth asking eh!