Fashion Blogs

Things to Remember When Selling Your Jewelry

Jewelry items, whether heirlooms or ones that you buy from a jewelry store, are great investments since they can be sold during times of financial emergencies. Now, if you’re currently planning to sell your jewelry and you want to make sure that you’re doing it right, you must know some basic tips to avoid getting the shorter end of the stick.

These tricks are proven effective by people who have sold their jewelry items out of necessity and by those who buy and sell jewelry pieces for a living. Here are five things that you should remember when selling your jewelry items:

• Has it cleaned by a professional? One of the first things that you have to do before you even dare stepping inside a jewelry store to sell your item is to have it cleaned by a professional. This should not be a problem since you can just have it cleaned by a trusted jeweler in Salt Lake City or any other metropolitan area. Most jewelers charge a minimal fee for cleaning jewelry pieces while there are others who do it for free, especially if the items are not delicate ones.
• Has it professionally appraised by an independent appraiser? Are you selling a particularly high-end jewelry piece like a diamond ring or a necklace with a rare gemstone as the centerpiece? If so, then it would serve you best by having your item professionally appraised by an independent appraiser. Take note that having an appraisal from a disinterested appraiser is a critical requirement since you could be shortchanged by an appraiser working for the same shop that you intend to sell your item to.
• Get several quotes. Now, you may have a price that you are willing to sell your item for but you may sell it for a higher amount than what you have in mind. This is why another thing that you must do is to get quotes from at least three different shops to get an idea of the going market price for your item. This will also allow you to pinpoint the shop with the best offer for the item that you have.
• Manage your expectations. Most of the time, sellers of jewelry items don’t always get the price that they demand from their buyers. This is pretty normal. As such, another thing that you have to remember is to manage your expectations well. Just because you’re 100% sure that your diamond ring could sell for $3000 doesn’t automatically mean that you’ll sell it for that same price. The trick is to set the lowest possible amount that you’re willing to sell your item for and be firm about it during the negotiation. For gold items, an offer of 70 to 80% of the item’s melt price can be considered a fair price.
• Sell it only to a trusted local jewelry shop. Sure, you can sell your prized jewelry piece to just about anyone with money to burn. However, you might get the best offer when you sell your item to a local jewelry shop. This is because a local shop could see you as a potential buyer and not just a seller, so you can have a more favorable offer than when you sell it to another buyer who is only interested in the item that you have.

It’s easy to see now that it takes more than just having just about any jewelry piece to get the most of its sale. With these tips, you’ll be in a better position to score the perfect deal for your item.