Parting with jewelry is not easy; whether you are talking family heirlooms or gifts, or even pieces that you bought yourself in the past, when the time comes to sell them you want to make sure that you get the best value for them. so what should you do in order to get the best deal possible?
Identify several jewelry buyers in your area
If you are in a hurry to sell you may be tempted to deal with the first shop that you come across but this is not advisable. You have no idea whether you are getting a proper valuation of your jewels. The best thing to do is to find at least 3 shops that buy jewels and get a quotation from each.
Avoid mail order dealers
There are many jewelers who ask clients to mail in their pieces and then sit back and wait for the cash. This is no way to sell if you want to get the true value of your jewelry. A good jewelry buyer will ask you to bring the items yourself and be present for the valuation – they insist on being transparent.
Find out whether the jeweler you have in mind takes your particular pieces
There are some jewelers who specialize. You may find, for example, that they only take jewelry from certain designers or Swiss watches from certain makers. If your pieces do not fall within their specified category they will take them off you but at a much lower value than you would get if you went to a jeweler who doesn’t discriminate.
Choose a small dealer
Big jewelry buyers are just like big department stores – they have lots of overheads which they pass on to their consumers. If you want to get the most out of your jewelry it is best to choose a smaller jewelry buying shop – they don’t pay lots in rent, they have fewer employees and smaller expenses and they are in a better position to give you more for your precious pieces.
Many jewelry buyers take advantage of the ignorance of their customers. They can read you as soon as you walk through the door – they know customers who know the value of what they own. It is a good idea to find out what kinds of jewels you have, what their current value is and whether they have a provenance – if they do they will be worth a lot more. Do not be afraid to speak up when you meet the jewelry buyer. He is less likely to try take advantage of you if he thinks you are knowledgeable.
Lastly, make sure that you get proper paperwork for your transaction
This is very important – if something should go wrong you want to be able to go back to the jewelry buyer with paperwork that supports your claim. More importantly, if the police should ever require proof of your transaction you want to be able to show it to them.