The dissolution of a relationship often brings several lifestyle changes to a person. Apart from adjusting to life without a partner, that also means disposing of items that are now associated with that person in order to get a clean slate. Sometimes it’s clothing, and other times it’s a bracelet. Now that it’s time to get rid of it, where do you go?
Fortunately, there are lots of places that accept used fine jewellery. Before you pack a box of things to sell, it’s important to prepare yourself for the process, from choosing a feasible price and completely letting go of your attachment to the items. Here are some tips to get you started:
Learn About Your Jewellery
The first step is to understand the value of your jewellery. If they have diamonds in them, you may want to have them assessed for its carat, clarity, colour, and cut, as these will help you determine the price you can sell them at. If they’re made of gold, you will want to check its weight and other factors that affect its value.
If your jewellery is from a well-known brand such as Harry Winston or Tiffany & Co, then its value will definitely increase. Products from these brands are typically sought after, so you shouldn’t have too much difficulty in selling it.
However, your jewellery must also be in good condition. This, along with its age and authenticity, will be used to determine the worth of your jewellery.
Price Your Jewellery Reasonably
No one will want to overpay for anything, and the same goes for jewellery. While it may appear expensive, it doesn’t always mean you can sell it for the same value. It’s best to have realistic expectations for the worth of your jewellery, and that means knowing it may not sell as high as you’d like.
However, it doesn’t mean that you’ll have to cheapen the worth of jewellery. If you fully understand what your jewellery is worth and price it appropriately, then you’re more likely to find a buyer and have a successful transaction. If you simply guess the price, you might be robbing yourself of an item that could have sold for more, or you might be ripping off your buyer.
Sell Your Jewellery to Different Buyers
There are different places that buy jewellery, and it’s important to acquaint yourself with them.
Since you’ll be selling pre-owned jewellery, a local jewellery buyer will likely be interested in it. They usually have extensive experience in handling fine jewellery, so you know your items will be in good hands. They also price jewellery more fairly and accurately, so you can trust that the price is reflective of your jewellery’s value. However, you will still need to make sure that the local jewellery buyer you choose is trustworthy and legitimate.
Consignment shops are another option to sell your jewellery, although they usually buy items at a much lower rate—around twenty to fifty per cent of the item’s original price. While consignment shops are an accessible method for selling your jewellery, you won’t be getting your money’s worth. Additionally, some consignment stores may not have the experience or knowledge to understand your jewellery’s value. In a worst-case scenario, they’ll offer you a sketchy deal.
If you need to make some easy money, pawnshops will readily buy your jewellery. However, similar to consignment shops, they may not always know the real value of your jewellery. You may receive a mouthwatering price at a pawn shop, but there’s an equal chance that you’ll receive a lowball offer.
Lastly, selling your jewellery online has also become a feasible option. Using platforms like eBay can help you reach potential customers, especially if you put it up for bid. However, the process can be stressful and especially time-consuming since you’ll have to take clear photos of your items and come up with attractive and detailed descriptions for them. There is also a risk of being scammed or not receiving the monetary value of your item.
Be Ready to Let Go
Finally, it’s time to release your attachment to your jewellery. While it may have been a symbol of commitment or love to you, you may feel that it would be better for you to sell it in order to fully move on with your life. Although it was once important to you, think of what you’ll be gaining from its sale instead of the loss of the item.
Selling your jewellery can be a complicated process but with these steps, you’ll be able to reasonably price it and sell it for what it was worth. Be sure to understand the value of your jewellery and the processes of each shop that shows interest in purchasing it for a smoother and easier transaction.
Looking for a place to resize your ring to sell it at a better price? Drop us a line at London Gold Centre! We’re London’s top gold buyer and jewellery repair service, and we use the latest technology to analyse and test gold without leaving a dent. Get in touch with us today!