Things to Know Before Selling Your Jewelry
Jewelry is a style-driven industry. There are styles of jewelry that are always in vogue while there are some that last only for a short period. Estate jewelry that is out of style can’t command a premium price. In fact, some styles are so old-fashioned that the jewelry’s only value is its intrinsic worth. The other extreme is that the jewelry could be antique. Antique jewelry is highly collectible and may require a specialty option to sell. Here are a few things you need to know before selling your jewelry
Get an Appraisal From An Expert
Jewelry expert will be able to tell how many karats a metal contains without having to rely on the engraving. To know the worth of your jewelry, in terms of karats, it is recommended to get it appraised by a professional before selling it.
Getting a written appraisal is one way to evaluate the value of your diamond and jewelry. Be sure to ask about the resale market value of it. It’s possible to have received a retail appraisal which is higher than the sum you’ll receive from a jewelry buyer.
Know It’s Worth
The truth is, the condition and demand of the jewelry when you sell determines how much you will be paid. It is very important to have a proper understanding of the worth of the jewelry that you are intending to sell. For this reason, take quotes from multiple stores. Since there are no standardized methods which can be used to determine the selling price, there can be quite some difference between the quotes procured. Get at least three to four quotes, such that one can fully appraise the value of the jewelry and settle for the highest price possible for the piece you are parting with.
Old vs Antique
The jewelry fashion world is driven largely by trends. If the pieces of jewelry you’re trying to sell are no longer in the present fashion trend or popular, their worth will be lower than jewelries presently in vogue.
Another thing to consider when selling is the possibility that the jewelry you have available is going to be more valuable than the precious metals that are in it. This is especially the case when you have some type of jewelry that includes precious gems that may need to be sold separately. In some cases, you will be able to sell those diamonds and other precious gems at the same location which will purchase the gold from you. In other cases, however, it may be to your benefit to sell them separately at different locations or even to check with an estate jeweler to see what you can get for everything at one time.
It is important to research this information carefully to be certain you are getting top dollar and dealing with a trustworthy resource. There’s no doubt that selling jewelry is one of the easiest ways for you to put some money in your pocket. Make sure that you are making sound decisions so that you can maximize the amount of money that you are pocketing from your jewelry sale.