Times are hard and it is not uncommon to see people trying to sell off their jewelry to make ends meet. Or maybe, one simply might want to discard an out-of-fashion jewelry and buy something more fashionable instead. Whatever, the reason may be, there is no denying the fact that jewelry is expensive and one should try and get the best possible price for it. Here are some things one should keep in mind so that they can get the best possible price while selling their jewelry to jewelry buyers:
- Be sure to know what you have – you might have been under the impression that the beautiful necklace your grandmother owned was gold, whereas it turns out to be gilded brass. Be prepared for such disappointment. Or it could be very much a treasure in your hands.
- If the item has no intrinsic value and its condition may or may not matter under the circumstances. For example- gold jewelry is melted by wholesale dealers. So it would not matter to them if the necklace you have brought has a broken clasp or if the ring is out of shape, it will all go into the melting pot and you will get the price according to the gold value. On the other hand, an individual buyer will definitely look out for such anomalies and will obviously pay you less keeping the cost of restoration in mind. In the same way, jewelry with precious stones would fetch you less if the diamond on the jewelry, for instance, is cracked. So be sure about what you have and have a realistic approach.
- It is always better to look around and visit two or more jewelry buyers before settling down on any one you will get a fair idea about how much are they willing to pay and you will automatically choose the highest bidder.
- If you have a fair idea about the jewelry you have and you are setting a price for it, set a realistic value. Too high a price will stave off any potential buyers – it is always better to leave some scope for bargaining. You can also opt for professional photographs of the jewelry, accompanied by a good introduction if you are advertising for it.
- If you are not exactly sure, make the time to see a qualified appraiser (just like myself), who may offer consultation service which they will analyze the item and give you a verbal appraisal and proper guidance.