Have you ever thought of trading your fine jewelry for cash? Maybe you have a piece that you never wear or don’t like. Maybe something that was once sentimental has lost its meaning. Or maybe having the money is more important or useful to you than owning the jewelry itself.
Before you sell, check out our top tips to make the process smooth and painless.
Sometimes people think they’re ready to part with an expensive ring or necklace. Yet when it comes time to actually sell it, they have second thoughts. Emotions will only get in the way of a successful sale. They may also turn into regrets if you aren’t careful. Selling a piece is the right decision in many cases. Just make sure you’re in a good state of mind to think through what you’re about to do…before you commit to doing it.
Family stories about the value of an heirloom, for instance, might abound. Unfortunately, that doesn’t mean your piece is actually valuable. On the flip side, you may have something you thought wasn’t worth much that turns out to be quite a find. Check with a qualified appraiser before you sell. That way you’ll be sure you know what, exactly, you’re working with.
Once you’ve had a professional look at your piece, you’ll have a better idea about what to expect when it’s time to find a buyer. Emotional attachment can make an item seem more valuable to its owner than to a buyer. Try to keep your expectations realistic. That way you can think logically about any offers you might receive.
When you’re ready to look for potential buyers, you have a few choices. You can sell your piece to a member of the public, through a third party, or to someone in the jewelry industry.
Is getting top dollar your priority? Then selling to the public might be best for you. The biggest challenge, and the thing that will take a lot of time and energy on your part, is finding a buyer. You’ll most likely have to do a fair amount of marketing to get your piece into the hands of someone who’ll pay for it.
Another option is to have a consignment shop or dealer sell your piece for you. That way, you’re selling to the public but don’t have to find the buyer yourself. A caveat, though: Only leave your precious piece of jewelry with someone you trust one hundred percent!
Are you hoping to sell your piece quickly, safely, and without having to do a lot of advertising yourself? If so, consider selling to someone you trust in the jewelry industry (like Midtown Jewelers!). This route may net a little less on the sale, but you’ll most likely save precious time and energy.