If you’re considering selling estate jewelry in NYC, it’s important to be informed and do your research beforehand. Keep reading for Luriya's input on what to avoid when looking to sell estate jewelry in NYC and how to get the fairest profit off of your estate jewelry sale.
When you’re looking for the best place to sell estate jewelry in NYC, you have to be careful. You want an estate jewelry buyer that will give you a fair cash price for your inherited rings, bracelets, pendants, or any other piece of jewelry.
If you’re located in New York City, it’s worth it to go check out the Diamond District if you want to sell estate jewelry. Contrary to its name, the Diamond District is not just for selling diamonds, it is also for selling precious metals and jewelry of all kinds, including estate jewelry. Home to many expert appraisers, you’re likely to find a trusted buyer whom you feel comfortable selling your valuables to. Find a buyer who is attentive and happy to answer all your questions.
New York City is known for having some of the country’s best deals, but it’s also known for having some of the worst. To get the most out of your transaction, you should know about what you are selling. At Luriya, we encourage you to educate yourself about the selling process and do the proper research about estate jewelry before you try to sell. To sell estate jewelry NYC style, you have to know:
Estate jewelry is the term given to previously owned jewelry. A new owner of estate jewelry generally acquires it after the previous owner passes away. Boasting high sentimental value, the pieces can be rather unique. Be careful when selling estate jewelry because it can occasionally turn out to be worth a fortune!
With so many options in New York City, it can be hard knowing who to trust. At Luriya, we are committed to transparency, fairness, and consumer education. Your estate jewelry buyer should be committed to the same ideals. Here's what you need to know about appraisals:
What is your estate jewelry estimated at? It’s hard to know. Especially when it comes to items that have been passed down throughout the generations, it can be tough to know the monetary worth of your items. The appraisal process assesses the value of your estate jewelry and involves testing the jewelry in different ways. Estate jewelry pieces will be measured, weighed, and inspected with a magnifying glass to determine their quality and value.
If you're not ready to sell, no problem! We understand that estate jewelry holds sentimental value which makes it hard to part with. That's why we suggest that, at a minimum, you know its worth. A free appraisal can give you an accurate estimate of the worth of your estate jewelry so you at least know what you have in your hands. That way, if you decide to sell it in the future, you can be sure of its value.
Given the nature of estate jewelry, it is far more likely that an estate jewelry buyer in New York (or anywhere else) will have to work with an attorney. At Luriya, we have a dedicated team of attorneys that assist us in estate jewelry matters including, but not limited to:
Relatively speaking, selling estate jewelry in NYC is easy - there are estate jewelry buyers almost everywhere. However, you need to make sure that you're dealing with the right one! You should look for:
At Luriya, we have decades of experience buying estate jewelry. Our reputation speaks for itself, but don't take our word for it. Read our reviews and decide for yourself.
Estate matters themselves can be challenging for all parties involved. Naturally, this can lead to disagreements about who inherits a diamond ring versus a gold bracelet, for example.
Thus, it is imperative that reputable estate jewelry buyers work with attorneys to make sure that everyone is treated fairly in the process and no one is trying to sell something that they do not own.
Of course. Estate jewelry that passes through a will is called a bequest. If a piece of jewelry is mentioned explicitly, it is called a specific bequest. Your estate jewelry buyer should work directly with the executor or administrator of your loved one’s estate, or with your attorney so that you don’t have to worry about all the legal jargon.
Aside from keeping estate jewelry for sentimental value, we find that most people who inherit jewelry don't know what to do with it. The styles tend to be outdated, the pieces damaged, the stones chipped or missing - overall, the owners feel the jewelry is unwearable and fixing it is not worth the price.
If this rings true for you, selling your estate jewelry may be the best option. You will earn cash and can reinvest it elsewhere. If you are not ready to sell, you can simply have it appraised so that you know its worth.
Selling estate jewelry in NYC can be a tricky process. New stores pop up all the time, and there’s no way to know if they’re reputable or informed. Even if you go to a local jewelry store, you aren’t going to get the best deal because they just don’t have the money to offer a large payout. Using a well-established company is your best bet for a big cash payout. If you’re looking to authenticate your estate jewelry, use a company with good reviews, excellent standing, and honest experts.
If you’re thinking about selling your estate jewelry soon, now is the perfect time to sell gold, precious metals, and gemstones due to their rising prices. Because of this, you should sell your estate jewelry in New York City to get your share of the potential windfall. Just be sure to look for a reputable dealer like Luriya, with jewelers who have extensive experience in authenticating jewelry of all kinds.
If you want to maximize your earnings when you sell estate jewelry in NYC, just follow these general rules and you’ll be on your way to a big cash payout:
We recommend choosing an estate jewelry buyer with an excellent reputation and good reviews. After all, you don’t want to send your sentimental jewelry off to a business you can’t trust. At Luriya, we offer free mail-in kits to customers who can’t make it in-person. If you find a buyer you trust, but who is not close by, you can request to get a mail-in-kit. Just make sure the company insures your mail!