The diamond necklace from an ex, the gold watch that sits in your jewelry box, the ruby necklace that you loved—a decade ago. We all have jewelry that we no longer wear.
Selling your old jewelry is an option, but it can be hard to know how to sell your jewelry and where to get started. Here are a few tips for getting the most from your rings, earrings, bracelets and necklaces.
You may love your jewelry. It may have been in the family for many years, or been a treasured gift at some point, or something that you saved for a long time to purchase.
Unfortunately, the emotional value you assign to your jewelry often has little to do with the current amount for which you can sell your items. Many factors go into determining the current value of a piece of jewelry, including any wear and tear, needed repairs, and the quality of the gems and metals.
The best way to determine current value is to take your piece to be appraised by a certified AGS appraiser. Our trained and certified appraisers will be able to discuss the type of values you may find relevant for selling your jewelry as part of the specific type of appraisal.
However, while an appraiser can provide a researched appraisal of different types of value for your jewelry, the value they assign may not be the price a buyer is willing to pay, especially if the buyer intends to resell the item. That’s why you should…
Think through how quickly you want to sell your jewelry. If you want an immediate sale (i.e. cash in hand today), your options will be limited to where you can sell, and how much cash someone might be willing to pay immediately. Pawn shops can help you with an immediate sale, but you will want to visit several to get a good idea of the range of what these brokers will pay for a piece like yours.
If you are able to wait a bit, researching some other possibilities could net you a better price for your jewelry, or give you some other options, like re-setting gemstones from your jewelry into a new piece.
Visit an AGS jeweler who buys jewelry (not all do; make sure to call ahead), and learn your options to sell your piece or work out another solution.
Again, we emphasize that the way you feel about your jewelry’s worth may not align with current offers from purchasers. Have a range in mind of what you would accept for the piece and be willing to accept an offer in that range.
If you are looking for a jeweler in your area who might be interested in purchasing your jewelry, you are in the right place. Find an AGS jeweler in your area or contact us with questions.
