How To Know What To Expect When Selling Your Old Jewelry? (2024)

FAQs

How To Know What To Expect When Selling Your Old Jewelry? ›

When selling diamond or designer jewelry, you can expect to receive 20% to 50% of the original purchase price. The exact percentage you will receive is dependent on various factors such as: brand, condition and market demand.

When selling diamond or designer jewelry, you can expect to receive 20% to 50% of the original purchase price. The exact percentage you will receive is dependent on various factors such as: brand, condition and market demand.

We recommend taking the piece to a jeweler to be tested. They will have professional tests that will determine whether your jewelry is real as well as the purity of the metal itself. A certified appraiser will be able to provide the value of the piece as well.

If your jewelry is in good condition, and is either a current style or an antique, you may get a higher amount. Premiums are sometimes paid for top tier brands such as Tiffany, Van Cleef & Arpels or Cartier. A vintage style ring in excellent condition like this will sell at a higher price.

Many jewelry stores offer a consignment option, where you leave your piece with them, and upon sale, they pay you. This is often the best way to maximize the money you receive.

One such piece to look for is Art Deco jewelry from the 1920s or 1930s. “Pieces from this era, especially those with geometrical designs and vibrant gemstones, can fetch high prices,” said Claver. “For example, an authentic Art Deco diamond bracelet might sell for several thousand dollars.”

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The Diamond Valuer Calculator will give you an approximate figure of what your diamond ring will be valued, for insurance purposes, which is generally the accepted method of determining the value of jewellery pieces.

For pricing and appraisals, selling to jewelry stores is better than pawn shops. Pawn shops have high overhead costs and typically resell items at a lower price. Jewelry stores have in-house master jewelers who can provide accurate appraisals and higher prices for your jewelry.

Resale Value. Generally, when you sell pre-owned fine jewelry, you can expect to get around 20 to 50% of the original purchase price. There are a few exceptions to this range. For example, very rare and highly desirable pieces may fetch a higher price.

Factors impacting the value of jewellery include quality, rarity, and market demand. Preparing jewellery for sale by carrying out repairs and cleaning can help increase its value. Options for selling jewellery include selling online,auctions or directly to dealers and pawnbrokers.

How much should I sell my 14K gold chain for? ›

A well-maintained, unworn 14K gold chain may be worth 60% of the original price. A used, worn, or damaged piece can fetch as low as 25% of the original purchase price. Keep in mind that the price of gold is negotiable, so shop around and make sure you get the most money possible.

Usually the commission amount is 10 percent of sales at a range of normal selling price. You could pay 10 percent of the sale as long as discounting isn't over 15 percent. For 16 to 25 percent discounting, commission would be 6 or 7 percent of the sale; 5.)

The value of jewelry is influenced by a combination of factors that collectively determine its worth in the market. These influences vary depending on the type of jewelry, the materials used, and the overall appeal of the piece. Some of the key dynamics that impact jewelry value include: Gemstone quality and rarity.

If you are in a position to wait for the maximum payout, then selling may be more beneficial than pawning. On the other hand, if you need cash quickly with no long-term commitment, then pawning may be the better option.