Learn the Brutal Truth when Selling Jewelry

Welcome to our selling jewelry guide, if you have one or more pieces of jewelry that you want or need to sell this guide will break down your options.  Whether you have gold jewelry, platinum jewelry or jewelry with diamonds, you will find this page to be an extremely valuable resource as you evaluate your selling options.  So please, take your time and read the entire page.

On average we receive 10 to 20 calls/emails per day from people just like you looking to sell jewelry. 
So as a service to anyone looking to sell gold and jewelry we have created this page.  If you still have questions after reading this page please don’t hesitate to call or email us. If you need more info about selling Gold click here.

How to sell Gold Jewelry, Platinum Jewelry and Diamond Jewelry…The Brutal truth begins here.

The purpose of this guide is not only to learn the brutal truth about selling jewelry,  but also you will learn how to sell your jewelry in the most profitable way possible.

Most are surprised to discover that selling jewelry to a jeweler is one of the worst option available to you, why? In most cases a jeweler can make that same item or buy it for wholesale price, therefore there really is no good reason to offer even wholesale for a used piece of jewelry! Consequently you can expect to be offered considerably less then wholesale.  At first this may seem unfair but as a business decision its clear that jewelers are not capable of offering high prices for used jewelry!

Now lets evaluate a few better options to selling jewelry.

Start by gathering any receipts, certifications or appraisals  for the jewelry you want to sell. If you don’t have any paperwork you can get your jewelry appraised by a reputable jeweler.  Now with the proper jewelry information you are ready to sell…

Private Sale…The emotional connection.

Jewelry is in the eye of the beholder, in other words if you love it you will pay more for it and that is why the private sale is probably the best choice for selling jewelry at the highest possible price, However its not very confidential and can be risky.  Offer your jewelry to relatives, friends, coworkers and acquaintances first, since they know and trust you have a better chance of getting the most for your jewelry.

You can also try EBay and Craigslist, For a nominal fee EBay will auction off your items to the highest bidder and craigslist is completely free to post.  All you need is a digital picture and a good description of your jewelry items. When selling online you must be alert for fraud, always meet potential buyers in a public place and never ever ship or deliver your jewelry without cash payment or a cleared check.

Consignment Sale With A Reputable Jeweler

The safest and easiest way to get the highest return for your jewelry is to place it on consignment with a reputable jeweler.  Since jewelers work with other jewelers in the trade as well as their own private clientele they have a much better chance of selling your jewelry for you. Typical consignment ranges from a 50/50 split to 70/30 when the jewelry sells.  At Global Gold & Silver we offer a 90/10 split with you receiving 90% of the proceeds and we handle any expenditures such as ad costs etc.   Most of our customers prefer this approach because they don’t have to worry about things like security and negotiating with potential buyers.

Pawnbrokers…is it worth it?

The only reason to take fine jewelry to a pawnbroker is to get a loan on items with sentimental value with the intent to reclaim the items at the end of the loan term. There are hefty interest rates as well as safe fees to pay, however if you need cash and the jewelry is sentimental then this may be a good option.

Cash Sale with a reputable Gold/Jewelry Buyer

If all else fails sell it to a reputable gold & jewelry buyer, while they may treat your jewelry as scrap, you can still get lots of cash for the precious metal content of the jewelry. Unlike most jewelry buyers, at Global Gold & Silver we take the time to value any stones in the jewelry thereby adding to your overall payout. For additional info on selling gold for cash read our guide to selling gold here.

The Bottom Line

Many people feel like their jewelry is "fine jewelry" that can be sold for a premium when the fact is that 90% of jewelry sold in America ends up melted at a refinery!  If your jewelry is in style, antique, estate or signed by a reputable designer then some of the options listed above may work with the private sale providing the highest return.  At Global Gold & Silver we are help to help individuals sell jewelry with confidence. Whether your selling as jewelry, consignment or for cash, we are here to help you get the most cash for your jewelry.

Again, if you have any questions about selling your jewelry, please don’t hesitate to call or email Global Gold & Silver. For additional info on selling gold and jewelry for scrap click here.

Global Gold & Silver, Inc. - Licensed buyers & Sellers of precious metals and fine jewelry.

Tel: 212-575-2975  -  email: info@ggsny.com  -  30 West 47th Street, Suite 406. New York NY, 10036