You receive a very nice gift from someone, but it's something you could never use. Is it ethical to give it as a gift to someone else?
At the Rutland Center for Ethics at Clemson University, they say regifting is not unethical. But you have to consider whether the person you give it to would really like it. If you doubt that they would, give something else.
Then, you have to ask yourself what you owe to the person who gave you the gift. If your aunt gave you an ornate copper elephant, you might decide to give it away. But what do you tell your aunt when she asks about it? No one wants to lie, but you may have to do it to in order to avoid hurting her feelings.
Another factor in passing on a gift is whether the person you send it to will ever see the person who gave you the gift originally.
Rules of regifting: When the original giver lives out of town; you know the next owner will like it; it's still new and in its original box; and you are prepared to tell a white lie if necessary, it's OK to regift.
It's certainly better than letting a nice gift go ignored and unused in the future.