The Ultimate Guide to Selling Your Jewelry

Selling your jewelry can be a significant decision, and you'll want to ensure you receive a fair price for your pieces. To do so, consider the following steps: 

  1. Know the Value: Before selling, it's essential to understand the value of your jewelry. You can get appraisals from certified gemologists or jewelers to determine the worth of your items. Keep in mind that the resale value is typically lower than the purchase price, as jewelers need to make a profit.

  2. Research Potential Buyers: Look for reputable jewelers or jewelry buyers in your area. You can check online reviews and ask for recommendations from friends or family. Make a list of potential buyers to visit.

  3. Transparency: Choose a buyer who is transparent about their appraisal process and willing to explain how they arrived at the offered price. A reputable buyer should be knowledgeable about gemstones, metals, and the jewelry market.

  4. Check Credentials: Ensure that the buyer has proper certifications and licenses. 

  5. Ask About the Process: Inquire about the process of selling your jewelry. Will they melt it down, resell it as-is, or refurbish it? This will affect the price.

  6. Negotiate: Don't be afraid to negotiate the price. If you've done your research and received multiple offers, you have a better idea of what your jewelry is worth.

  7. Verify the Payment Method: Make sure you are comfortable with the payment method. Cash, check, wire transfer, or a combination of these are typical methods. Avoid dealing with buyers who insist on unusual payment methods.

  8. Documentation: Keep all documentation related to the sale, including the appraisal, receipt, and any certificates of authenticity. This can help protect you in case of any disputes.

  9. Consider Online Options: You can also explore online platforms and auction houses if you have valuable jewelry pieces. Keep in mind that this may involve shipping your items and associated risks, so be cautious and deal with reputable online buyers. Be aware of fees and expense after the sale. You might also want to consider that you might have to leave your items with them for a long period of time.

Selling your jewelry to a reputable jeweler or buyer who is knowledgeable and offers a fair price is the ideal approach. Take your time, do your research, and don't rush into any transactions. If you have valuable or antique pieces, it might be beneficial to seek the expertise of an estate appraiser or auction house to get the best value for your jewelry.

At Gems Are Forever, we assist our clients in the process of selling their jewelry. We help clients understand the value of their jewelry and navigate the process of selling it, ensuring they receive a fair price. Contact us to schedule an appointment for consultation. 310-279-5229