For the most part I have had stones re-set from jewellery I'm no longer comfortable wearing from ex'es. The gold has been melted down and used to make a new dress ring. My former fiance who passed away had a daughter from a previous relationship, and so I sent my engagement ring and a pair of earrings to his father to hold in trust for D's daughter. It didn't feel right keeping the ring because it WAS an engagement ring, and I couldn't imagine that if I ever did meet another man it would be right to wear a former fiance's ring (whether reset or not) ITMS.
Otherwise, selling it and using the money for whatever makes you happy sits perfectly well with me
I would sell them or like Peanutter said, give it to someone with full disclosure. There's no point hanging onto them if they're just going to sit in a draw and you may as well use the money for something useful!
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