Do you have a piece of jewelry gifted to you that you never liked, something that you inherited, or perhaps a token leftover from a past relationship? Depending on your personal preferences, you may no longer find a use for them, and you’ve decided to sell a piece of your pre owned jewelry. Making that decision and sticking by it isn’t easy. However, such a decision can result in hundreds, if not thousands of dollars difference in your pocket.
This article explores six tips to help you get the best deal when selling your pre owned jewelry.
1. Know What You Have
The resale price and revaluation of pre owned jewelry depend on many factors. This may not be known to the vast majority of people who aren’t jewelry experts. If we take the example of a diamond, some of its characteristics that determine its value, such as color and clarity, are impossible to check if you are not a trained gemologist. But even the slightest change in such factors significantly impacts the resale value of diamonds.
In case of gold jewelry, it is important to remember that they contain both gold and other alloys. Buyers will pay you only for the gold, not the alloy weight.
Thus it is very important that you know what you have so that you know what to expect and can make the most out of the sale. In the case of pre owned jewelry of any kind, the fool-proof way of earning a great sum is to obtain a grading report from professional labs or producing certificates that ensure authenticity.
2. Go With A Marketplace
While browsing through platforms to sell your preowned jewelry, you have two major categories. There are brick and mortar stores such as pawnshops, consignment shops, and local jewellers. The second, and increasingly popular, are the online options. Physical shops require a lot of legwork on your part. These stores are also infamous for giving you low offers for your preowned jewelry.
There are several online options, which require less work, and with a little research, you can make the most out of them. We can attribute the growing popularity of online platforms to the fact that the best ones are marketplaces that connect you with potential buyers looking for exactly what you have.
However, be careful of selling your jewelry online on overused consumer marketplaces like eBay or Craigslist. In platforms like these, it is effortless to get roped into scams and end up without any money or your jewelry.
Always choose a reliable platform that has both an online and offline presence and can give you the best possible deal.
3. Auctions Get You Better Prices
Selling your jewelry to one party without any competitive bidding might sometimes leave you with less money than your jewelry is worth. With auctions, you create a competition for your jewelry and receive more offers than you would by trying to sell it individually. The reason behind this is that in auctions, buyers usually look for something which they do not find in shops. Auctions are famous for antique and aesthetic jewels—one of the reasons why auctions can get you a better price than stores.
4. Risk-Free Process
Safety is an essential factor when it comes to selling anything and most importantly when selling your pre-owned luxury jewelry. You want to make sure that the process you use to sell your item has top-notch security and insurance features. Wherever you are selling your jewelry you need to remember that you need both your money and jewelry, safe. This is the reason, before choosing any place, go through about how secure it is for your jewelry. Always select the option where you are very much sure about the safety.
5. Make It Snappy
Whatever your reason for selling is, having a long, drawn-out process can be extremely frustrating. Items can sit in a pawn shop or consignment shop window for months without getting any bites. You have to make sure that when you choose any shop, it ensures a quick process. You do not have to wait much for bringing your payment.
6. No Obligation To Sell
As we’ve repeatedly said, deciding to sell your preowned jewelry isn’t an easy one, and when you do decide, you will want to be in total control of the situation.
It would help if you looked for the options which offer you total transparency about the entire process so you can understand what is exactly happening with your precious jewel. It is essential as a seller that everything is clear to you. You can also approach some stores who will offer you a free consultation without any obligation to sell. Although they offer you to sell, it will be your decision to make the choice.
These tips will help you understand that there can be processes to sell your jewelry which is hassle-free for you. You can go with whichever method you prefer, but it should be comfortable for you, with minimum inconvenience. For many of us now, time is of the essence.
In such a situation, we can help you as well. With sellyourjewelry.com.sg, you can book a consultation in easy steps after filling a form online. Our experts will get in touch with you for a professional evaluation of your jewelry, after which you can auction fine second-hand jewelry in an instant, avoiding all the legwork and hassle you have to face otherwise.
We help sellers stay safe while making extra cash, and if you need any help, our support team is just a phone call away. Sell Your Jewelry’s selling process includes a no-cost-to-you grading to ensure that as a seller, you are fully informed when it comes to the quality of your diamond and other second-hand fine jewelry.
Are you ready to sell your preowned jewelry quickly, safely, and get more money for it? Click here and make it happen!
Find out how you can sell jewelry smartly with sellyourjewelry to get a good price and do something worthwhile!
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