Selling Your Jewelries

1.60 Ct Oval Checkerboard Shape Red Garnet Gold Plated Silver Stud Earrings
Some of the reasons why you may want to sell your jewelry may include

  ●  To prevent your home from foreclosing
  ●  To pay a loan
  ●  To pay your mortgage down payment
  ●  You need some cash
  ●  Your jewelry piece is out of style
  ●  To pay for college
  ●  To buy a car
  ●  To pay for your travels
  ●  To pay your medical bills
  ●  To buy a larger jewelry piece
  ●  To buy a bigger engagement or wedding ring
  ●  You may have lost some part of the jewelry piece
  ●  The jewelry piece is broken or damaged and you do not want to repair it

And much more.


Your Jewelry Piece Will Usually Have

  ●  A retail price which is the amount you may have paid for it when you bought it

  ●  An appraised value which is the appraised replacement cost of buying the jewelry
  ●  again from a retail store and

  ●  A resale value (or worth) which is the value or price that others will actually pay for
  ●  your jewelry piece when you want to resell it.

The retail price you may have paid for your jewelry or that may be stated as the appraised (retail) value for your jewelry is usually a sum or combination of the resale price of your jewelry piece plus your jeweler or jewelry store’s markup as a business.


Before You Can Sell Your Jewelry

To get the best or top price for your jewelry piece you will need to know if it is valuable and how valuable it may be, that is, you will need to know its worth. You can know this by using the jewelry certificate (that is, the grading report) and other details that your jeweler or jewelry store may have given to you along with your jewelry piece when you bought it.

Such certificates/grading reports should provide you with some information on what your jewelry piece contains, that is, its gemstone(s), its gemstone’s cut, carat, color, clarity, pearl quality (if it contains a pearl gemstone) and its precious metal content.


(a).  If You Have The Information And Details For Your
       Jewelry Piece With You

If you have your jewelry details, you may do your own research to know the current market (resale) value of the gemstones and the precious metals in your jewelry piece. Some online sites may provide some free data on the current resale market trend values for natural gemstones and the precious metals.

In addition to this, you can also get some free estimates on the possible resale value of your jewelry piece through email too from some online sites. With this, you will not need to send your jewelry to anyone and should also not need to provide personal information like your home address in order to have some idea about how much you can possibly resell your jewelry.

You can also use the information and details you have to check some listings for jewelries that are similar to your piece that may have sold on some online auction sites like ebay.com etc.

You may also visit some offline jewelry stores with your jewelry details too without having to take your jewelry along just to get some idea about the possible resale value for your jewelry.

Before you start on any one of these though, you should read through the rest of this article/write-up on the best way to go about this in order to get the most value or price for your jewelry piece.


(b).  If You Do Not Have The Information And Details For
       Your Jewelry Piece With You


(i).  Ask Your Jeweler Or Jewelry Store Again For The
       Details Of Your Jewelry Piece

Your jeweler or jewelry store should be able to provide you with this for free at least through email. You can then follow the steps in section (a) above to get some idea about the possible resale value of your jewelry piece.


(ii).  Do A Jewelry Appraisal

If you cannot get the information/details for your jewelry from where you bought the piece, you may need to do an appraisal. An appraisal can provide you with the details of your jewelries and/or gemstones and may be used for insurance purposes too, it is however a paid service.

An appraisal should provide you with some information about your jewelry that would include

  ●  The gemstones your jewelry piece contains -  the cut, carat, color, clarity and the
  ●  number of gemstones it has
  ●  The metals it contains
  ●  Other materials it may contain
  ●  If its gemstone(s) has been treated or not
  ●  The appraised value of its gemstone(s)
  ●  The appraised value of its metal(s)
  ●  The total appraised value of the jewelry piece
  ●  The period of the jewelry piece – that is, if it is a vintage or an antique piece


You will need to do some research to find a reputable jewelry appraiser. An appraisal can provide you with the information and details you may need to do your own research and follow the steps in section (a) above too.

You should always remember that the appraised value of your jewelry is the replacement retail cost and not the resale market value you are likely to be paid for your jewelry when you want to resell it.

You may also ask your appraiser to give you some idea about the potential resale value of your jewelry in different jewelry resale markets since an appraiser is likely to have some idea about the current market (resale) trends on gemstones and precious metals too.


(iii).  If You Do Not Want To Pay For An Appraisal

If you don’t want to pay for an appraisal, in order to get the information and details for your jewelry for free, since you will most definitely need it to get some top dollar for your piece, you may visit some local jewelry stores and/or send your jewelry to one or more stores for a free appraisal or valuation.

With this option though, you may need to leave your jewelry with each of the store that will provide you with a free appraisal because they will need to physically see and review your jewelry piece in order to provide you with an appraisal, which is likely to be the store’s offer to buy. You may also need to provide them with a lot of personal information about yourself too which may include your home address, telephone number etc, some may even ask you for some ID documents for you to identify yourself etc.

You will either need to visit each store offline or you may have to bear the cost of shipping and insurance for sending your jewelry to such stores and/or back to yourself, you will need  to check each store’s policy to know what may be applicable in each case. You will need to do some effective research on any jewelry store you may want to use for this to avoid the risk of fraud, the switching of your gemstones or the replacement of your jewelry or gemstones with fakes etc.


Submitting Your Jewelry To Gemstones Institutes Like GIA

There may be one or more valid reasons for you to submit your jewelry to institutes like GIA before you sell. Some accredited gem lab may find it difficult to determine whether a gemstone is natural or not, and some gemstone treatments may not be detected by the equipment used by an accredited gem lab too without some help from institutes like GIA.

GIA and similar institutes like it will generally have some more advanced and high-tech equipments that may not be available in an accredited gem lab, that can possibly do a more thorough analysis of gemstones. They are usually the last resort when there are any form of confusion or mix up or a need for some more clarifications on the specifics that may be provided for you by a jewelry store and other appraisers on the gemstone(s) in your jewelry.

Submitting your jewelry to institutes like GIA before you sell will ultimately depend on you since it will be an additional expense, some of the jewelry stores or the appraiser you may want to use may also advise you to submit your jewelry to GIA etc too.

If you are selling a high end and very expensive jewelry you may want to do this, if you want to be very sure or certain about the gemstones in your jewelry piece in order to get the best value for it.

If you already have a GIA or other gem institute certification for your jewelry however you will not need to re-submit your piece for analysis if your jewelry certificate/grading report is not too old or is up to date as explained in the next section below.

GIA and other similar institutes only grade or analyze gemstones, they will not analyze or provide you with a report on the metals or the other type of materials that your jewelry piece may contain, you will need a jewelry appraisal for that.


On Old And Up-To-Date Jewelry Certificates Or Grading Reports

If the jewelry certificates (or grading reports) for the gemstones in your jewelry piece are very old, you may need to do a re-appraisal of your jewelry and/or a re-certification with a reputable gem institute like GIA or you can visit some stores or send your jewelry to some free jewelry store for a free appraisal as explained earlier.

You will need to ensure that your jewelry gemstone certificate or grading report is up to date because some gem institutes changed their grades for gemstones some time ago. Hence you will need an up to date certification or grading report for your gemstone jewelry too since the current gemstone grades is what others will be using to assign or attach a value to the gemstone(s) in your jewelry piece.

To know if the certificate for the gemstone(s) in your jewelry piece is too old or not, or to know if it is up to date, you may send an email to a jewelry store or the gem institute where you got your certificate/grading reports and confirm from them if the grades on your jewelry certificate/grading reports are the same as current gemstone grades.


The Details Your Buyers Will Need

Any accurate information you can provide with your jewelry piece will help your buyer to easily and quickly evaluate how valuable your jewelry is and how much they would want to pay for it. Some of the information or details about your jewelry piece that your buyers will need may include


  ●  The type of gemstones in your jewelry piece
  ●  The physical color of each of the gemstone in your jewelry piece
  ●  The type of valuable natural gemstones in your jewelry piece
  ●  The type of jewelry metals in your jewelry piece
  ●  The type of precious metals in your jewelry piece
  ●  Any other materials in your jewelry piece
  ●  The length, width and height of your jewelry piece to know its actual size - computer
  ●  screen display sizes will vary for digital images hence the need for you to provide
  ●  the metrics for the actual size of your jewelry piece
  ●  Is your jewelry piece an antique, vintage or contemporary (modern or present day)
  ●  piece?
  ●  The vintage or antique period of your piece if it is an antique or vintage jewelry
  ●  The style of your jewelry piece
  ●  Is there a current demand for the style of your jewelry piece?
  ●  The present condition of your jewelry piece
  ●  The cut, carat, color and clarity grade of the natural gemstone(s) in your jewelry piece
  ●  The cut, carat, color and clarity grade of the synthetic gemstone(s) in your jewelry
  ●  piece
  ●  The type of pearl gemstone(s) in your jewelry piece (natural, cultured or imitation)
  ●  The gemstone quality grades of the pearl in your jewelry piece
  ●  The weight of the pearl in your jewelry piece
  ●  Which gemstone(s) has been treated (or enhanced) in your jewelry piece?
  ●  Which pearl gem(s) has been treated (or enhanced) in your jewelry piece?
  ●  The Karat of gold in your jewelry piece
  ●  The weight of the gold in your jewelry piece in grams
  ●  The percentage of each precious metal (platinum, palladium, silver etc) in your piece
  ●  The weight of each precious metal (platinum, palladium, silver etc) in your piece in
  ●  grams
  ●  The total weight of your jewelry as a piece
  ●  The hallmark or stamp on your jewelry piece (if any)
  ●  The quality of your jewelry piece workmanship
  ●  Is there a current demand for your jewelry piece’s brand?
  ●  Is your jewelry piece plated?
  ●  What metal is the piece plated with (rhodium, gold, silver etc)?
  ●  What is the base metal of your jewelry piece if it is plated (brass, copper)?
  ●  Your jewelry piece metal alloys  
  ●  The current market demand for your jewelry piece
  ●  The current market demand for the gemstone(s) in your jewelry piece
  ●  The current market demand for the precious metal(s) in your jewelry piece


Understanding How These Will Affect Your Jewelry Resale Price And Value

Most of these details should be available on the certificates (or grading reports) and other type of information that your jeweler or jewelry store may have given to you along with your jewelry piece when you bought it. You can also get most of these too by doing a jewelry appraisal, you can get some of them for your jewelry’s gemstones by submitting your jewelry piece to GIA etc as explained earlier if necessary.


(1).  Your Jewelry Piece Intrinsic Value Or Worth

Your jewelry piece will be valuable if it contains some precious metals like platinum, palladium, gold or silver or some valuable natural gemstones like diamond, tanzanite etc, a list of valuable gemstones and the precious metals are available at Valuable Gemstones.


The intrinsic value or worth of your jewelry piece will be determined by

(a).   Your Jewelry Gemstone Cut, Carat, Clarity, Color
        Grades Or Pearl Quality Grades

That is, the cut, carat, color and clarity grades of its valuable natural gemstones or if it contain a pearl gemstone the pearl quality grades. If the gemstone(s) in your jewelry has been treated, it will reduce the value of your jewelry piece.


(b).   Your Jewelry Precious Metals Content And Weight

That is, the weight and percentage of the precious metal content in your jewelry piece.


You and your buyer can readily determine the possible resell value of your jewelry piece with these. In addition to this, a vintage or antique jewelry piece may have more value or worth than its components (that is, its natural gemstones and/or precious metals) because of its age or period value. You will need a jewelry appraisal to know if this will apply to your jewelry piece too, that is, if your piece is a vintage or an antique jewelry. You will need to choose an appraiser who can determine the rarity of jewelries.

A vintage or antique jewelry piece may still be valuable because of its age, period and/or brand (that is the company or designer that made it), even if it does not contain any valuable gemstones or precious metal. A costume jewelry piece may also be valuable too because of its brand if it does not contain any valuable gemstone or precious metal.

However, in order to know if your vintage, antique or costume jewelry is valuable even if it does not contain any precious metal or valuable natural gemstone, you will need to do or get a jewelry appraisal (as explained in the previous section earlier) to determine if your jewelry piece falls into this category too.


(c).  The Negative Effect Of Not Knowing Your Jewelry
       Gemstone Cut, Carat etc

If you don’t know and cannot determine the cut, carat, color and clarity grades, pearl grades (that is, if your gemstone contain a pearl gem) or the percentage and weight of the precious metal content in your jewelry piece you are not likely to get the best value for it.

The less information you provide with your jewelry piece the most likely it is that your buyers will not be able to determine what they would be buying from you exactly or what they may end of with, they may also end up paying more for your jewelry piece than its worth, most buyers will generally not want this. 

In addition to this, if you can only speculate or provide an approximation for the grade, percentage or weight of the materials that make up your jewelry, for instance if you can only state that the color grade for the diamond gemstone in your jewelry piece is between K and M and not specifically that it has a K or M color grade, your buyer is likely to evaluate your gemstone with the lower color grade M since you were not exact, this will affect how much they would want to pay for your piece too.

Sometimes approximations may be provided for some gemstones that could not be removed from their settings, this is especially true for vintage and antique jewelry pieces, you should therefore be aware of this.


(2).  The Present Condition Of Your Jewelry Piece

If your jewelry piece is intact and in a good condition it will most likely command a premium resell price, however if there are some abrasions, chips or damages etc on it, these will reduce its value.


(3).  The Style Of Your Jewelry Piece

If your jewelry style is currently in demand you are likely to get a better resale price for it too. For some jewelry style that would not sell at all, you are mostly likely to only get some resale offers for the valuable gemstone or precious metal your piece may contain. 


(4). The Current Market Demand

The current market demand for your type of jewelry, its gemstones and precious metals will also affect its resale value too.


(5).  Hypoallergenic Jewelries

Some people’s skin are sensitive to some of the metals or materials that may be in a jewelry piece hence you will need to provide some details and information about the materials (including the metal alloys) that may be in your jewelry piece.

While this may not be an issue with those who may want to resell your jewelry, it will however be very important for some of your potential buyers who may want to wear the piece. You can avoid some requests for refunds by simply providing this additional information with your jewelry piece before you sell.

You can learn more about hypoallergenic jewelries at Hypoallergenic Jewelries And Allergies.


Where To Sell

You have some options on where you can possibly sell your jewelry piece, such options may include

  ●  Jewelry Stores (Offline And Online)
  ●  Pawn Shops
  ●  Second Hand Jewelry Dealers
  ●  Online Auctions Sites Like eBay.com etc
  ●  Consignments
  ●  Jewelry Brokers
  ●  Newspaper Classified Ads
  ●  Individuals


You will need to understand how some of these markets/targets work before you use them.


Jewelry Stores (Offline Or Online)

You are likely to sell at wholesale prices or less if you opt to sell to a jewelry store. Some stores may actually know enough about vintage and antique pieces to pay a premium price for them, you will however need to do some research to find them.

Jewelry stores may be your best option for selling your jewelry quickly, they may be better than pawn shops. You will however need to compare their offers with the offers from other stores and markets in order to get the best value for your jewelry.


Pawn Shops And Second Hand Jewelry Dealers

You can sell your jewelry through these markets/targets quickly too, you should however note that they will most likely pay for the break up or scrap value of your jewelry piece only, that is, the resale price for the valuable gemstones and precious metals that may be in your piece.


Online Auctions Sites Like Ebay Etc

With these, you can compare the prices of similar gemstones or jewelries that may have sold on auction sites like eBay.com. You may however need to review these with the resale prices from other markets too apart the listing on such sites.

You will need to know the total fees and charges you are likely to incur for using an online auction site. Selling on these sites may be fast or time consuming, and there is no guarantee that you will get a buyer.


Consignments

You can also put your jewelry on consignment too in a third party store or shop, you will get paid when your jewelry sells. The pros of this option is you may get a better resale offer than if you sell to a jewelry store or pawn shop. The downside to it however is you won’t know how long it may take your jewelry to sell. The store or shop you may be using will usually take a commission when your jewelry sells.


Individuals And Newspaper Classified Ads

Through these options you may be able to sell to retail consumers who may only want to save on retail prices and who may also not have access to the wholesale jewelry or gemstone market, retail consumers may pay more for your jewelry piece than resellers like jewelry stores etc. The main difficultly with this however is how long it may take to find the right type of person to sell to and how to avoid fraudsters.


Jewelry Brokers

You may also want to use a jewelry broking service to find a buyer for your jewelry too, you will need to pay the service a commission for them to provide such services for you.


Your Jewelry Image And Description

If you are going to sell your jewelry piece through one or more online sites, you will need to use some quality images and descriptions for jewelry. You cannot use other people’s image or photo as your jewelry image, you may be sued for copyright infringement if you do this, your buyers may also ask for a refund too if the jewelry piece you send to them is not the same as your image.

Your jewelry piece may not sell too if your potential buyers get to know that you are not using the right image too. Some of your potential buyers may ask you directly to confirm that the image you are using is the same as the image of the jewelry piece you are trying to sell, if you cannot confirm this one way or the other, they will most likely inform others about this too, this will apply to anywhere online where you may be putting up your jewelry for sale. 


Trade-In And Store Credit

Some jewelry stores may ask you to trade in your jewelry for a better piece or for some store credit, you will however still need to do some research on how much your jewelry may be worth too in order to get the best value for it before you do any trade-ins.


Other Tips

You should take your jewelry to a jewelry store for some cleaning before you try to sell it. You will need to do some effective and adequate research on any business or individual you may want to deal with.

You must know exactly what you are selling in order to get a top value or price for it, just like your buyers must know exactly what they are buying too in order for them to be willing to pay the right price for it.

Expect to get less than a premium value for your jewelry piece if the details for it are not available or are not very clear. Buyers will usually get to know sooner or later even if they do not know at the point of sale, if they had paid the right price for any jewelry they buy since they will eventually either need to appraise it (as an asset for insurance purposes) or resell, they would for one reason or the other also need to determine what it contains and its value too at some point in time.


You May Also Like:

Easily Determine If Your New Or Old Jewelry Piece Is Valuable Or Not
Jewelry As An Investment - Before You Buy That Valuable Jewelry Piece
The Difference Between Valuable And Expensive Jewelries And Their Worth
Valuable Jewelries: The Metals And Gemstones That Make Your Jewelry Valuable
Types Of Gemstones
Types Of Jewelry Metals
Types Of Jewelries
Hypoallergenic Jewelries And Allergies


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