How to sell jewelry safely?

Whatever the price of gold is, there is definitely no shortage of businesses wanting to buy your unwanted gold and jewelry from you. There is a number of reasons for wanting to sell your jewellery, whether it’s to get rid of something that has emotional memories attached to it or just needing some extra cash to make life a little bit easier.

diamond rings How to sell jewelry safely?

Whatever the reason, there are some general ideas you should keep in mind that will ensure you get a good deal and make the most from your sale.If you sell fine jewelery , he first thing you need to do is decide what it’s worth. When it comes to diamonds, accurately determining what it’s worth can be aided with the a grading certificate which assures that the colour and clarity of a jewel is of a certain standard. Unfortunately this has not been globally standardised as yet but the Gemological Institute of America can, if you have the time to spare, assess your jewel for you and this will help to determine it’s value a little more accurately.

The next problem to overcome is to whom you are going to sell the jewellery to. The best advice here is to stick to reputable dealers. Obviously for a quick sale there are a number of options available from putting an advert in a local paper or simply selling to friends by word of mouth but both of these solutions are beset with their own problems. Firstly disputes regarding the value can arise. Potentially, the worst place to go for value and your own personal gain is going to be a pawnshop or retailers. They will often give a lot less than the your gems and jewellery are worth in order to make any sort of profit. Understandable but not in favour of the seller. The other options of course are online auctions or online jewellery dealers but again, they can often delude the seller into thinking that they will receive a lot more from their sale than they actually will in the end. If this becomes the chosen option, make sure that any jewellery is sent using insured and recorded delivery to reduce the risk of loss. There are a number of reputable dealers in New York that can be evaluated and checked out using a comparative business index which can highlight whether the business you are considering has had any negative complaints made against them.

If you are selling your diamonds that are set into precious metal rings, make sure you get a cost that reflects the price of the precious metal as well. You may be surprised by the number of vendors that, when asked about the price given for precious metal items simply don’t include the price of the gems too. They may say that it isn’t worth the labour cost to remove them but if this is the case simply go to another business because this simply isn’t the case.

Remember to take into account the price offered for your diamonds may be significantly less than you thought, however if you do get a good offer don’t necessarily take it if it’s the first one you’ve had. Try shopping around a bit to get a good idea of what you may be offered and be especially aware of any companies that want to send you a cheque without giving you the opportunity to evaluate their offer and reject it if it’s not in your favour.


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