Jewelry buyer? Well, of course you’re going to sell to a buyer who’s buying jewelry, right? Okay, in this case, when I talk about a jewelry buyer I mean something different. I mean someone who’s business is buying jeweler. I’m a jewelry buyer in San Diego. In fact, I’m a licensed jewelry buyer. That means I submit to government oversight about certain aspects of the business such as the calibrating of the scales. I’m a jeweler who also buys jewelry. I either recycle the gems and metal or as often as I can, I sell the items as part of my vintage and pre-owned inventory.
So, this blog post will help you sell to someone like me, a jeweler or a pawn broker or even a diamond broker. This blog post will help you if you’re going to sell to a private party as well, although really that is from the research and not the other steps. If you want to sell quickly to a dealer, you’re reading a post that will help you. If you need tips for selling to individuals, you’ll be better served browsing my blog to find what you’re looking for.
Here are some steps you can take to sell an engagement ring:
Get an appraisal: An accredited jewelry professional can evaluate your ring's diamond quality, metal type, and craftsmanship. This appraisal will also provide you with documentation for insurance purposes.
Get a GIA Certification: If your appraisal shows you have a one carat diamond or larger, it will almost always be a good idea to spend a few hundred dollars getting a GIA certification. You’ll sell for more once you’ve done that.
Understand the Valuation: The value of a diamond in an engagement ring is determined by its carat weight, clarity, color, and cut, which are often referred to as the four Cs. Engagement rings typically sell second-hand for 30%-50% of the original retail price.
Determine the selling method: You can sell your ring in person at a local jewelry store or pawn shop, or work with a local diamond buyer. Selling to a local diamond buyer may get you the best price if the ring itself is very plain or a low carat gold.
Get offers from multiple buyers: This is a critical step. Find out who will give you the best deal you’re comfortable with and go from there. If you don’t do this, you may sell for less than your ring is worth. Don’t risk that!
The last step, of course, is to get your money. That’s a great final step, right? If you’re selling and need a jewelry buyer in San Diego, I hope you’ll give me a call. I’m a third generation jeweler and I’m committed to giving you a fair deal.
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