How To Get The Best Price When Buying And Selling Your Jewelry cover

How To Get The Best Price When Buying And Selling Your Jewelry

Everyone loves their jewelry. There’s a certain emotion that can fill people when they put on their favorite piece of jewelry, whether that’s joy, self-confidence or nostalgia, jewelry means a lot to people.  No matter how a new accessory makes you feel, you also want to know you got the best quality for the best value. And if a situation ever arises where people are forced to part with their jewelry for one reason or another, they want to get the most worth out of it since it means so much to them.

How To Get The Best Price When Buying And Selling Your Jewelry

Know the Worth

When you are shopping or selling jewelry, you want to make sure you know the value of the pieces you are either interested in purchasing or the items you are considering selling.  Knowing the worth of a particular piece will keep you from being swindled. You’ll be able to be confident in the value you have when you see this website or being knowledgeable enough to know you are getting fair value for the items you are parting with. Some ways to go about understanding a pisce’s worth would be getting an appraiser, knowing a bit of background on the piece, and keeping in mind the condition of the piece.

How To Get The Best Price When Buying And Selling Your Jewelry
Troye SivanPHOTO: COURTESY OF TROYE SIVAN / @TROYESIVAN

Getting an appraiser

Sometimes, it’s just best and easiest to seek professional advice for things you don’t know much about. Appraising the value of jewelry is no different. These professionals will be able to tell you roughly the value of a piece. And taking your jewelry to a couple appraisers should give you a good valuation and the confidence going into any negotiations.

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How To Get The Best Price When Buying And Selling Your Jewelry
Gucci Mane PHOTO: GETTY IMAGES

How old is it, is it an heirloom?

Sometimes, the way you come about jewelry is through family heirlooms. Understanding a bit of your past will not only help you learn your family history, but should be beneficial in helping determine the value of your jewelry. Even if it holds little monetary value, this can give you a stronger sense of sentimental value and make you just want to keep a piece if you feel personally connected.

How To Get The Best Price When Buying And Selling Your Jewelry

What is the condition?

As jewelry can be handed down from generation, and the age of a piece can get up there, the condition of it may come into question. Things like watches will have lots of mechanisms that may need maintenance. Be wary of purchasing older pieces, and keep them running smoothly if you plan on selling. Resale value of pieces will of course be higher if it works or is in great condition.

How To Get The Best Price When Buying And Selling Your Jewelry
Lil Nas X PHOTO: GETTY IMAGES

Trusted jeweller

When appraising or purchasing and selling jewelry, like any business, it is important to have a level of trust with you and the jeweller.  Use your resources to find the best options around you. Look through reviews or get references from friends and family. Trust will help both parties in receiving fair value for any transaction, and keep that relationship going into the future.

How To Get The Best Price When Buying And Selling Your Jewelry

Go straight to the jeweller and cut out the pawn shops

If you are wanting the best value, going straight to a jeweller and skipping the pawn shop will ensure you get the best bang for your buck, no matter if you’re buying or selling. Cutting out the middleman means more money saved.

How To Get The Best Price When Buying And Selling Your Jewelry

Online

If you can’t find a local jeweller or just want to know all your options, the internet is another tool you should use at your disposal. You might only have access to a handful of shops around your area, but the internet can provide you with almost an infinite amount of choices when it comes to buying and selling jewelry. Just keep in mind the other guidelines to ensure you are getting quality pieces or good value on your return for your own jewelry.

How To Get The Best Price When Buying And Selling Your Jewelry

Negotiate

Most of the jewelry market is based on resale, and when it comes to transactions of both kinds, you should not be shy about negotiating. The prices offered by jewellers are typically not hard set, as they are offered to make the most when they resell the pieces in question.  But don’t try to haggle too much, especially if you are trying to build a lasting relationship with a jeweller you might want to do business again with in the future.

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Expectations

Keep your expectations in check. When you’re selling jewelry, the value you might put on certain pieces may be more than what they can actually sell, and they want to make money off these pieces, so an offer might not be what you want to hear.

How To Get The Best Price When Buying And Selling Your Jewelry

When it comes down to it, your jewelry is yours to do with what you please. If you feel like something is too precious to lose, be confident in walking away. At the end of the day, if wearing your jewellry will make you happier than what you can get for it, wear it proudly.

2 comments on “How To Get The Best Price When Buying And Selling Your Jewelry

  1. love this jewellery

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