Do you have any jewellery that you never wear? If so, would you be willing to sell it? There’s a lot you could do with the money.
Just be sure you know how much your jewellery is worth, and how to sell it for the price it deserves.
Getting Your Jewelry Evaluated
A good buyer will evaluate your jewellery to determine a fair market price.
It may take some time to get your jewelry evaluated, but it should be worth it. Without getting your jewelry evaluated by a buyer, there’s a chance you won’t sell your jewelry for what it’s worth. In other words, when it comes to jewelry, you may have to spend time to make money.
Getting Your Jewelry Appraised
If you’re searching for the best place to sell jewellery, note that evaluations should be free and are good for those who would like to sell their jewellery, whereas appraisals tend to cost money and are good for those who would like to have their jewellery insured.
Having your jewelry appraised by a member of the American Society of Appraisers in the States, or the Canadian Jewelers Association in Canada, may be worth the cost. Members of these and similar other groups, both nationally and internationally, evaluate your jewelry according to strict standards and ethical codes.
Members of these societies typically charge per hour when evaluating your jewelry. Simple pieces of jewelry, like plain gold rings, shouldn’t take more than an hour or two to appraise. More elaborate pieces can take over three hours.
Selling Your Jewelry
Once you’ve had your jewellery evaluated, the next thing to do is sell it. Here, you have options: selling your jewellery online, by mail-in, or in-person.
In-person and mail-in buyers tend to be the better option. Yes, you may be able to sell your jewelry online for a good price, but it might take a lot of time and effort. You’ll have to shop around, bargain, read fine print, take photos of your jewelry before shipping it, spend money on shipping and handling costs, and so on. And after all of this, there’s still a good chance that you’ll get undersold for your jewelry.
If you would like to sell your jewellery to a buyer in-person, you can take it to pawnshops, coin ships, jewellers, consignment shops, or bullion dealers (if they buy and sell non-bullion precious metals). Some bullion dealers offer both in-person and mail-in buyers.
Appraising societies like the Canadian Jewellers Association, which was founded in 1884, can help you search for jewellers who buy the very sort of jewellery you’d like to sell.
Get Estimates
Once you’ve settled on the places where you’d potentially like to sell your jewellery, the final step is to shop around for three or more estimates and get offers in writing.
If, after you’ve completed the final step, you still aren’t confident that you’ll be able to sell your jewellery for what it’s worth, seeking help from a broker is another helpful option. An experienced broker will help you find buyers and lead you through the buying process. Just be aware that brokers may charge fees for their service.
WRITTEN BY
Brand Voices