When you have a collection of jewelry pieces with you, it’s safe to say that you fully understand and grasp their value. It’s one of the most precious investment pieces you can ever own, given how the value of precious metals and stones appreciates fast. If you started your collection early, you may now have amassed a collection of jewelry items.
With that, it’s also not surprising how you may come across the need to resell some of those luxury jewelry pieces. Reasons may include a sudden need for cash, or you’re no longer using some of them anyway. Rather than keep those precious items stored and unused, why not make money out of them?
If you’ve long been wondering where you can sell your luxury jewelry pieces, you’ve come to the right place. We’ve gathered a list of these places as follows:
1. Jewelry Stores
First on this list is perhaps one of the most evident places: jewelry stores. If you ask around your local jewelers, like Mimi’s Jewelry, there could be many of them who are looking to buy jewelry pieces for reselling.
Bring in what you have, and they’re going to appraise it for you. To ensure you’ll get the best price for your luxury jewelry pieces, have them appraised by more than one jewelry store. This allows you to compare the various offers of each shop.
2. Auction Houses
Second, on this list are auction houses. Yes, anyone can bring valuable items to auction houses. You just have to be ready with the certificates and requirements they may ask from you. For instance, to prove the authenticity of your luxurious jewelry item, gold and diamond certifications may be required. The same goes for the documents to prove the value and authenticity of the jewelry pieces you bring in.
Selling to auction houses is one of the best ways to make good money out of the luxury jewelry items you’re keen on reselling. Because the sale is closed through bidding, you know that auction houses will always award the sale to the highest bidder.
One of the best and fastest ways for you to sell luxury jewelry pieces is through a pawnshop. The deal is often closed within the day, and you have cash in exchange for letting go of your jewelry. It’s that quick and easy.
The only caveat here is that they offer a much lower price compared to what you may have earned by selling to the first two options. If you don’t need money right away, then this option should be the last on your list.
4. Private Buyers
Do you have friends, family, and colleagues who are also into luxury jewelry pieces? Why don’t you try selling to them, too? If they’re not keen on buying, they might have their respective network of connections who may be interested in buying what you have, whether for personal use or as a gift.
The best thing about selling to private buyers is it’s often easier to set meetings, talk, and show the items you have when you’re already connected. There’s no animosity or awkwardness, as you may have when selling to strangers.
Moreover, selling to private buyers may also be easier because your buyers know who you are personally. You’ll still have to show all the jewelry certifications and related documents, though. Yet it’s a significant advantage to already have that element of trust present upon selling.
Lastly, you may try out selling to marketplaces, too, like eBay and Facebook Marketplace. You can even post photos of the things you have for sale on your social media sites.
When taking this route, though, you have to be on your guard more to be sure you aren’t selling to scammers. Never release luxury jewelry pieces to anyone you don’t know personally if not fully paid yet. Selling on an online marketplace is a quick way to sell, given how attractive the market is. Yet the risks are also high.
Whether you’re a jewelry designer with custom pieces or one who simply likes to resell your jewelry, now you have insights or ideas on whom to sell your jewelry items to. Because you’re selling an expensive and valuable item, you have to be ready to put in a little bit more work when selling. When you’re selling to the right people and places, you’re sure to find a buyer. Take the list presented here one option at a time, so you can best see and assess which one will be the best for you.
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