Selling your estate jewelry can be profitable if you find yourself in need of some extra money or if you simply want to get rid of jewelry pieces that you never use. And while it might not be a very easy task, it is always good to do some research so you will know that you are getting the great value of your jewelry. Here are some things to consider.
Don’t Trust Engravings
Most of the countries don’t have strict rules for how accurate jewelry engravings need to be. Some jewelry pieces that you own might be labeled incorrectly and not worth as much as you believe.
Most of the reputable jewelers will be able to describe you how many karats a metal contains without having to rely on the engraving. To understand how might your jewelry is really worth in terms of karats and it might be a great idea to get it appraised by an expert before taking it to a jewelry shop to sell. If you want to sell your jewelry to get best value then you can also visit https://www.circajewels.com.
Retail Price vs. Scrap Metal Price
Retail price accounts for the style, craftsmanship, and artistic appeal. But when you are selling jewelry for scrap metal price then all of these will not be taken into your account. For example, the single thing a gold buyer cares about is the intrinsic price of metal, which means that even though you paid a set amount for the piece originally, it’s resale value as scrap metal will be less. Jewelry shops tend to mark up their jewelry pieces by up to twenty times the cost of their materials.
Old vs. Antique
The jewelry business is driven mostly by style trends. If the jewelry pieces that you are trying to sell are in a style is no longer popular then they won’t be worth as much as if the jewelry pieces were currently in fashion. Estate jewelry that is currently in vogue will go for a much higher price. To get more tips on selling jewelry you can also check over here.