Jewelry Consignment Services…the how where and who guide to consignment services.

Welcome to Global Gold & Silver. This guide is intended as a service to the general public and explains everything you need to know about consigning your estate jewelry, antique jewelry and diamond jewelry.

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

"Consignment  Shop" as defined by Wikipedia: "Consignment shop"  In the context of sale, it is usually understood that the consignee (the seller) pays the consignor (the person who owns the item) a portion of the proceeds from the sale. Payment is not made until and unless the item actually sells. The consignor retains title to the item at all times, and can end the arrangement at any time by requesting return of the item. A specified period of time is commonly arranged, after which time if the item does not sell the owner can reclaim the item (or, if not reclaimed within a period of time, the seller can dispose of the item at his discretion).

Pasted from <http://en.wikipedia.org/wiki/Consignment>

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.

The advantages to jewelry consignment

• A reputable jeweler already has potential clientele (this earns the highest return)

• Reputable jewelers may be able to sell a desirable piece within the trade at or above wholesale

• A jeweler can process a credit card sale

• You don’t have to deal with potential buyers

• You don’t have to worry about security issues

• Its easy, the jeweler should handle everything

Disadvantages to jewelry consignment

• Make sure you are dealing with a reputable, licensed & Friendly company: read our guide to selling gold here for tips on finding and verifying a reputable company.

• What if they go out of business? You may be out of luck! Unless their bonded like Global Gold & Silver!  Bonds allow you to file an insurance claim against vendors that have shut down

• Your Jewelry might not sell or may take a long time to do so

Again, if you have any questions about selling, consigning or scrapping 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.

We do not accept all jewelry for consignment, it is best to call or email before you bring us your jewelry.

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