Getting Ready To Sell Your Estate Jewelry? Here Are A Few Things You Should Know
Selling estate jewelry can be a little different than selling other items, especially if they’re diamonds. Here’s what happens during the process.
Selling estate jewelry can be a touchy yet emotional process. If you’ve never done it before, understanding what the process entails can be overwhelming.
Getting the items appraised and knowing what factors can affect the value of your jewelry is important. It also helps to know where jewelry can be sold easily.
If this is something you’re new to, we’re here to help. In this post, we’ll cover some of the things you should expect while selling your jewelry.
Let’s get right into it.
1. Cleaning And Packaging
You want the best quotes for your items, so take the time to clean and package them well. You can clean and polish them at home or have it done by a professional jeweler that you trust.
Restoring their sparkle and shine will make them attractive to potential buyers.
When it comes to packaging, having the original box in great condition can be helpful. Having jewelry from luxury brands such as Harry Winston, Cartier, Tiffany, and Graff, with their original box, can boost the value of the piece.
Some jewelry boxes are more coveted than the jewelry itself. You can leverage this aspect when selling your jewelry.
2. Know The Value
Knowing the value of your pieces beforehand is important. First, find out their market resale value and their particular value. You might need to visit a jeweler to get an appraisal for your items.
Typically, several factors affect the value of your jewelry pieces, and they include:
- Company that created them
- Value and type of precious metals and gemstones in the piece
- Rarity of the jewelry
- Current market demand
- Condition of the piece
Ask the jeweler to give the melt value of your jewelry. This is the value of the precious metals in the piece after they’re melted.
3. What Can Lower The Value
When selling your estate jewelry, try to be realistic and don’t keep your expectations too high. In some cases, your jewelry’s value may not align with the current fair market price. This means you can expect to get a lower amount than your stated price.
If the market demand for your particular piece is low, that will affect its value, too. Any damage to the piece is a spoiler. Use a magnifying glass to inspect the piece before determining the price. Tiny cracks in the gemstones or solder marks on the metal will drop its value.
It’s advisable to have a price range for your piece rather than a fixed price.
4. Where To Sell
Depending on how you want to sell your jewelry piece you have several selling options to consider:
- Online: You can list your jewelry on marketplaces such as eBay. Keep in mind there may be seller fees for listing. Ensure you have great pictures of the piece to add to your listing.
- Consignment stores: There are several stores that can sell the jewelry for you at a commission. The downside is that you’ll have to wait for the items to sell.
- Auction house: This is a great option if you have a high-value piece. Before taking it to an auction house, ensure the piece is appraised and authenticated. Have all the necessary paperwork ready.
- Pawn shop: A pawn shop offers the lowest price for jewelry pieces. It can be a great option for low-value pieces.
But the best way to sell your diamonds and estate jewelry is with the help of the diamond experts at GSA Diamonds.
Estate Jewelry: The Bottom Line
When selling your jewelry, ensure to work with a professional jeweler or someone you can trust. Take the time to know your options and learn more about the selling process for diamonds.
Visit online marketplaces and identify the prices of similar estate jewelry. This will give you an idea about its cost before consulting an appraiser.
Do you have any nagging questions? We’re here to help you.