Do you ever go through your jewellery box and wonder why you still have that old diamond necklace that you never wear anymore? Or perhaps that pearl bracelet that hasn’t seen daylight in years? If so, it’s definitely about time that you clear through your collection of trinkets and try and make some money out of the jewellery you no longer wear. Although whilst you’re looking at old jewellery, it’s very easy to remember bad memories you had whilst wearing it (just think of recalling all those horrible fights with your ex-husband after seeing that old diamond engagement ring in your jewellery box). While the sentimental value is there, you need to realise that there’s no use for it sitting around in the bottom of a jewellery box collecting dust!
If you aren’t sure of the quality of your item, you may want to take it to a jeweller to have it looked over by a specialist before you sell it. You should do this so that you will have an idea of the value of the jewellery as well as other information that can help you sell it.
Selling it Online
One of the easiest ways for you to sell your jewellery is to put it online, for example, in auction sites. Knowing a lot of information about the jewellery you’re selling enables you to sell the piece easier since you can provide a detailed description of the piece to potential buyers.
If you’re selling online, be sure to take some high-quality photos; most online buyers decide on visual cues. If you don’t know how to take excellent jewellery photos, don’t worry. Ask friends, colleagues, and family members who are adept in photography. Or, you can hire a professional photographer to take photos of your piece for you. Don’t be tempted to put up low-quality photographs even though it might seem easier and faster. Using low-quality photos extends the selling timeframe and may affect the selling price of your item.
Also, be sure to ask a realistic price for your item. Although you may be looking to make a bit of extra money, it may be difficult for you to close a transaction if you sell the piece at a price too high. If after a few attempts at selling it and it still hasn’t gone, re-list the item at a lower price. Who knows? Someone may bid it up to the price you wanted anyway!
Although selling your jewellery to an antique store might not make you as much money as it would if you sold it online, it is an extremely easy and fast way to exchange your jewellery for cash. If there is an antique store in the area, it may be worthwhile to take and sell your jewellery there. Antique shops may agree to a high price especially for magnificent art deco brooches, diamond engagement rings, dainty necklaces, and other jewellery that are vintage, famous, or rare.
Arguably, the easiest way to sell your items, particularly old jewellery, is to sell them to pawn shops. Although you will get a relatively low amount of cash for your jewellery, you are almost guaranteed to sell it straight away. The added bonus of selling to a pawn shop is that if, in the future, you decide you want your jewellery back, you can buy it back (albeit at a price higher than you sold it for).
Because of the small amount of money that you’ll usually receive for your item, pawn shops are generally the last resort for people selling their jewellery.
Another simple way to get money from your old gold jewellery is to take it to a gold scrapper. Remember though that rates for gold change every day, so you need to sell your jewellery at the perfect time to get maximum value for your piece.
Also, if the jewellery you’re selling is unwearable or damaged and isn’t worth getting restored, then you may as well take it to a gold scrapper who will at least be able to offer some money for your piece.
Remember that your magnificent art deco brooches, rings, necklaces, and other jewellery are extremely personal to you, so you should only sell it if you’re sure you don’t need it anymore or if you need money badly. Think very carefully before you put your jewellery up for sale as it would be difficult, if not impossible, for you to get it back once it’s gone.
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