With the prices of gold and precious metals rising, it is a perfect time to sell your old jewelry. Many people have different reasons for wanting to sell their unwanted jewelry. Whether it is estate, antique, brand name, or fine jewelry, collectors will buy it for competitive prices. Being knowledgeable about the jewelry industry will help you decide where to sell your jewelry for cash safely. The best place to sell jewelry is a place that meets your needs, is trustworthy, and helps you understand the selling process.
If you are looking to sell jewelry, the best way to do it is to look for reputable jewelry buyers before you sell your valuables. There are things to look out for to spot a trustworthy jewelry buyer. Look for qualities such as accountability, reliability, and credibility. Once you’ve found a reputable buyer, you will be able to sell your jewelry with confidence.
You should look for jewelry buyers that have a longstanding tradition of honesty and fairness with customers. They should be well known in the jewelry industry for their wealth of experience, skill, and loyalty. They should also test your jewelry in front of you in their store. That way, nothing is tested in a back room and you can know with confidence that your jewelry was evaluated correctly.
A typical jewelry appraisal process should be done by an experienced jeweler. A certified gemologist will weigh your jewelry, test the authenticity, and inspect it.
Weigh: Your jewelry will be weighed on a professionally calibrated scale.
Test: If your jewelry is made with diamonds the appraiser will test their authenticity and measure them.
Inspect: Lastly, the appraiser will inspect the jewelry with a magnifying glass to look for any abrasions.
With these factors in mind, the appraiser will calculate the estimated price based on their findings.
According to the GIA, there are over twenty factors that contribute to the value of diamond jewelry. If your jewelry does not contain any diamonds, then an appraiser will focus on these aspects:
The quality of the jewelry. Are there any scratches, abrasions or inclusions?
1. Find a private jewelry buyer with a clear commitment to customer service and satisfaction.
2. The company should provide you with an excellent appraisal and be able to answer all your questions.
3. Feel free to shop around and get a few different quotes. Don’t feel pressured to go with the first company you find.
4. Make sure the buyer is honest and ethical. Read reviews on websites such as Yelp to see what other people say about them.
Jewelry, gold, and precious metals are more valuable now than they have ever been in quite some time. The best way to take advantage of these rising prices is to sell your unwanted jewelry. Remember, selling jewelry should be safe and easy. Find a buyer that is trustworthy and well-versed in gemology, and make sure you do some research yourself. Knowing the value of your jewelry will be useful when you go to get a quote from a buyer.
These days, “we buy gold” banners and “we buy diamonds and jewelry” banners fly side-by-side outside of so many establishments that it's hard to keep track. Some tips from acclaimed gold buyer Luriya's Starter Guide for where to sell jewelry for best results include:
At Luriya, we value our reputation and are trusted in our community and industry. You should choose a buyer that has those same qualities. We encourage you to contact us if you have any questions!
You may be wondering “how much is my jewelry worth?” Without any prior experience or knowledge, it’s tough to know. Ultimately, it comes down to what someone is willing to pay for it. The price of gold fluctuates depending on the economy, but gemstones tend to have more standard pricing. This will influence the price of your piece; however, the price is also determined by what the buyer considers to be valuable. Therefore, it’s important to get a quote from many different potential buyers.
Selling jewelry online can be tricky; you can easily find yourself offered a low price or scammed. If you do decide to sell your jewelry online, take these tips into consideration:
1. Check the online jewelry or gold buyer’s reputation with the Better Business Bureau.
2. Shop around to get the best value, and don’t be afraid to reject a lowball offer.
3. Read the website’s fine print. You want to make sure you understand all the buyer’s policies and what type of agreement you’re entering.
Be aware that some online options, such as eBay, take a commission from the sale; therefore, you will walk away from the sale with less than expected.
“My favorite part about Luriya is honestly the e-books. They’re so informative and helpful when deciding where to sell gold. From detailing how gold is measured, to explaining the differences in karats, they do a great job explaining the process to customers.”
“When you go to sell jewelry, Luriya has the best payout offers in NYC. The jewelers know their stuff, no matter what you’re trying to sell.”
“For anyone looking to sell diamonds, Luriya is the place to go. They pay well, instruct you about their prices, and let you take your time to make a decision on a deal. Will be back.”