In the past, it was challenging to sell your jewelry. First, you needed someone interested in purchasing the valuables and had to hope they’d give you a fair price. However, selling diamonds and gemstones is much easier with the internet and Abercrombie Jewelry on your side.
The goal is to sell your jewelry at the best price and ensure that you protect your valuables until they’re sold. There are many places to sell jewelry, and this article will help you learn how the process works. However, you also have to understand why you’re planning to sell your jewelry to choose the right option.
Why Sell Jewelry Online
There are countless reasons to sell jewelry, many of which are personal. For example, getting rid of a family heirloom might be challenging, but you know you’ll never wear it. Likewise, you might have an engagement ring from your previous relationship. That’s part of your past; the ring could give you bittersweet memories you’d rather not deal with.
Regardless of your reason, knowing where to sell the jewelry when you’re ready is important. You need someone who understands your situation, helps you get a high market value, and can offer secure and safe options.
Places to Sell Diamond Jewelry and Other Items
Since the value of diamond jewelry and other gemstones can fluctuate, choosing the right place to sell your jewelry is crucial. Most people start local first because they want a trusted and familiar buyer. However, that can lead to limited options and offers. Here are a few of the leading choices for selling pre-owned jewelry in Austin, Texas:
- Local Jewelry Stores – You likely see diamond jewelry for sale online, and the prices have significant markups. This means most jewelers don’t want to buy back the jewelry at prices close to the original retail cost. However, you can get decent offers if you’re willing to hunt for them.
- Pawn Shops – A pawn shop might be the best solution if you want cash quickly. However, you won’t get high returns, and it might not be a trustworthy or reliable option. Therefore, you should research these locations carefully before selling.
- Online Consignment Shop – Consignment shops are everywhere, but there are some downsides to using them. For example, you often have to pay fees that are 50 percent of the price. Likewise, it can take longer to sell, and you’ll have to focus carefully on the place’s reputation to ensure it’s trustworthy.
- Online Marketplace – Places like eBay and Facebook Marketplace can help you sell your jewelry quickly because you don’t have to leave the house. However, both options have countless items on sale, so getting yours noticed is hard. Plus, many online scams have surrounded these marketplaces, so many buyers avoid them when searching for luxury goods.
- Online Auctions – Instead of visiting an auction house, you can do online auctions. The platform ensures that many buyers see the item, and you can profit more. Still, it’s not always easy.
Advantages of Selling Jewelry, Including Wedding Rings
When you choose to sell your jewelry, it’s crucial to ensure the other party knows its sentimental value. Plus, you must ensure you’re smart and use a secure and trustworthy platform.
Though there are online places to sell fine jewelry, it’s often better to schedule an in-person appointment with someone at a jewelry shop in Austin, Texas. These locations usually have professional buyers who will do what they can to get you the best price on your diamond jewelry.
You might complete an online submission form with photos and details, depending on where you go. Otherwise, you’ll take the pieces to the local shop and let them appraise them and give you a fair price. Here are the advantages of selling the jewelry you no longer need:
- Clear Space – Whether you follow Marie Kondo and her focus on sparking joy before keeping things in your home, you’ll know having enough room for your items is essential. Most people have limited space for jewelry, so they want to clean those areas and keep them organized. Styles and tastes change frequently, so you might not wear things anymore. They serve no purpose; it’s better to let them go.
- Get More Income – Typically, you won’t earn as much when selling jewelry online or in a store because it’s used. However, you can still make some money, which is more than you had before! If your jewelry is solid gold, you’ll fetch a higher price than if it’s gold-plated. Regardless, you’ll get something; use the cash however you want!
- Treat Yourself – Most people dislike buying more of the same items. Therefore, if you have older pieces of jewelry you no longer want or need, get rid of them to purchase more.
- Remove Old Memories – Let’s face it; some jewelry items have too much sentimental value. You could offer family heirlooms to other family members, but it might be better to sell them. Likewise, if you and your boyfriend broke up, there’s no reason to keep the jewelry he gave you. Plus, you’ll help others create happy memories with those pieces!
- Not Ideal for Retirement – Some people incorrectly believe purchasing jewelry is an investment opportunity. Though it can be, there’s no reason to think it will accumulate serious value in your lifetime. Therefore, selling it and putting it in a savings account is generally better for accruing interest.
More Reasons for Selling Jewelry Online or in a Store
When you sell your jewelry, you’ll experience these benefits:
- Excellent Customer Service – Reputable companies pride themselves on offering great customer service. Therefore, you’ll work with a buyer who listens to you and helps you get the best deal possible.
- Less Hassle – You don’t have to post something online and wait for someone to come. If you visit a local store, the salespeople will handle everything for you, buying the pieces you have to offer.
- Complimentary Appraisals – Every jewelry store doesn’t offer free appraisals, but some will. If you work with one of them, you’ll know exactly how much your piece is worth. This will help you avoid scams and get fair prices on everything.
- Credibility – A certified gemologist will evaluate your items. Therefore, you’ll know what you have and can determine the asking price. If you dislike someone’s offer, you can always go elsewhere.
- Personalized Experience – Whether you want someone to accept lab-grown diamonds or have a few tennis bracelets to sell, you expect a personalized experience. You’ll get that in a store, though online buyers might also offer this to an extent.
How to Sell Jewelry Online
If you plan to sell online, here’s the process you’ll follow:
- Pick-Up – You’ll describe the item on the submission form and schedule it to be picked up and delivered to the jewelry store.
- Someone Else Does the Work – When the item arrives at the office, it’s screened and given a tracking number.
- Money Sent – You’ll receive the money promised during the pick-up and appraisal part!
Those who choose an online auction site will have a few more steps. For example, the valuables will be cleaned and photographed, the item will be sent to a lab to be graded, and then you’ll create your auction listing. Set a reserve price, start the auction, and you’ll get paid once it sells.
Regardless of your preference, it’s wise to check out reviews of each company you consider working with. Likewise, you must visit the Better Business Bureau to read about any complaints and feel more confident.
Getting the Best Price When You Sell Jewelry Online
Most people don’t want to work with one jewelry buyer; they prefer multiple offers because they can earn more for their fine jewelry. Therefore, online selling is generally seen as the best solution.
Still, working with one buyer means that you can get an appraisal and will better understand your piece in the end. Knowing what you have is generally wise, so you’re not tricked later.
Factors That Affect the Value of Jewelry
Before buying diamonds and diamond jewelry, most shoppers want to know why they’re so expensive. Therefore, if you’re selling jewelry, it’s crucial to understand which factors might affect the item’s value. Here are things to consider:
The 4Cs include:
- Cut Grade – Only an expert eye can determine the cut grade of a stone. This refers to how the raw diamond was cut to provide the final product you now have. Generally, the scale will range from Excellent to Poor, with five options. This is based on many factors, such as scintillation, durability, weight, symmetry, and polish.
- Clarity Grade – Color and size can be visible to a normal eye, but clarity is harder to distinguish. It refers to the flaws (external and internal) within your diamond. If a diamond is considered flawless, it will be more expensive. There are at least six options available here, some of which are included, slightly included, very slightly included, and very slightly included.
- Color Grade – The diamond’s color gets graded from D to Z. D is colorless and the best. As you go down the alphabet, the diamond has more color, which lessens its value.
- Carat Weight – The carat is the unit of measurement of a diamond’s weight, which affects its value. Typically, heavier and bigger diamonds are more expensive and sought after.
You likely don’t expect the most famous brands when you see pre-owned jewelry sales online or in stores. These include:
- Tiffany & Co.
Therefore, recognized brands that go on sale are often more expensive than those similar items without that brand name attached. This is primarily because those companies have been in business for over a century and have set the standard for quality and excellence. That extends to the actual diamonds, too.
Sometimes, older jewelry is better. However, there are two relevant terms here: antique jewelry and vintage jewelry.
Vintage jewelry contains pieces 20 to 30 years old. However, antiques are over 100 years old. Often, items are designed with the style, but they’re modern.
Whether you’re selling loose diamonds or jewelry pieces, it’s wise to have them polished and cleaned before selling. Scratches and marks will appear, and they might put buyers off. This is similar to buying a house; you would want a discount if you notice leaks and cracks, or you might move on to another location altogether.
Luxury jewelry focuses on rare designs, colors, and cuts, which often see higher prices. Typically, demand is increased when a specific style is trending. However, classic pieces, including a round-brilliant cut, will always sell for decent money.
Final Thoughts on Where to Sell Jewelry
Many fine jewelry options are available, and you might have some of them in your home right now. If you haven’t worn them in over six months, it’s likely time to sell them. However, this is hard if you’re unsure where to turn.
Luckily, Abercrombie Jewelry is here to help. You’ll be able to sell:
- An engagement ring
- Estate Jewelry
- Costume Jewelry
- Handmade Jewelry
- Much more
The price you’ll get depends on various factors. For example, does the piece contain lab-grown diamonds? Do you only have loose gemstones?
Though there are many places to sell your jewelry, such as online marketplaces and consignment shops, it’s wise to work with Abercrombie Jewelry. You’ll work in person with someone who understands your needs. These professionals are knowledgeable, you’ll get transparent pricing, and you don’t have to deal with insured shipping.
While some online shops offer low listing fees, you don’t have to worry about that! You’ll visit the shop and learn everything you can about the piece before selling it.