Do you know the old saying? Forewarned is forearmed. It means when you have a better information, you can get a better result. Well, if you’re looking to sell jewelry, the more information you have the better, right? If you have some broken jewelry, some inherited jewelry, or jewelry you just need to sell, you’ll want to get the best price that you can. So, here are some things to keep in mind.
When selling jewelry, you should consider things like this:
What a fair price looks like.
You can look online to see what comparable items are selling for. A cash offer of 50-65% of the item's value is generally considered fair when you buy from a jeweler. You can expect a little less from a pawn shop and a dramatically smaller price from one of the “We Buy Gold” stores. On the other hand, you’re going to get much closer to the retail value of your item if you actually sell it on an online marketplace like eBay or Etsy or in marketplaces on social media or classifieds sites. Be careful to follow the safety guidelines. They’re there for a reason!
Condition, age, and style
These factors will affect the price you receive. The more out of style or “broken” the items are, the less you’ll receive. It works just like a car. If the item you sell is good for parts, then it will be worth less to you. Of course, in this case the parts are gems and precious metal instead of alternators and oil pans but you get the point. Those factors will influence the final price. Keep in mind, though, certain luxury brands like Cartier, Chanel, Tiffany & Co., and Van Cleef & Arpels tend to hold their value better on the second-hand market even if they’re not as in style at other items.
If you need a jewelry buyer in San Diego, give me a call. I’m committed to giving you a fair price. You can also just drop by my La Jolla showroom if you need to turn your jewelry into cash. Reach out. You’ll be glad you did.
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