Selling gold jewelry is a great way to make money quickly and easily. The reasons for selling your jewelry can be very different: getting out of a specific economic problem, sharing some inherited jewelry with money or simply because you prefer to invest that money in other priorities.
In any case, before selling them, it is necessary to know some important things in order to obtain the greatest benefit.
Let’s share some ways to sell your jewelry and have success in the process, but please remember that before selling gold jewelry it is necessary to know what kind of jewelry you have.
Carry out a preliminary appraisal of your jewelry to find out the weight of the gold, the quality of the diamonds and precious gems, the design, the brand, the age and many other characteristics that only a qualified gemologist appraiser can give you.
Once you know the complete characteristics of your jewelry, you can go to sell the jewelry in the different options offered by the market.
This option is highly recommended if you have important jewelry. The main advantage is that they will value important aspects of the jewel that they would never do in a gold sale. They will give you a starting price valuing the metal, gems, age, originality, design, brand and all the characteristics of the jewelry. They will take care of carrying out all the management of the sale, photographing the pieces in their catalog, promoting it and they will be the ones who take care of finding the buyer.
The disadvantages will be the high commissions that they will charge when selling them (between 14% and 18% in average), the cataloging expenses and the long waiting times, both to sell the jewels and to collect them later.
This is the best option if your jewelry has a lot of gold weight, is neither old nor specially designed, and is not made up of diamonds and important gems.
Unlike auctions, payment is immediate (cash or transfer).
The disadvantages are that the jewel will never be valued, but only the weight of the gold at a price much lower than the real one. If the sale is not serious, they can try to deceive you with the weight, the purity of the gold (18 kts, 14 kts or 9 kts) or simply tell you that something is bad when it is good. For this reason, we recommend going to recognized sites in the sector or that have been working on the sale for some time.
In case you want to sell an important diamond, it is preferable to sell it separately in a specialized diamond dealer and then sell the gold in a normal gold dealer.
If you have the option of selling your jewelry to an acquaintance or individual without going through intermediaries, it will undoubtedly be the best option.