Manage your expectations
Setting unrealistic price expectations for your unwanted jewelry will lead to disappointment with the outcome of the negotiation and sale. There are two approaches to figuring out a sensible price. The first is to have it appraised by someone trusted and knowledgeable. Ask them how much it’s worth as the market currently stands and with regards to any specific circumstance that may apply to your piece of jewelry.
Remember though, as we mentioned above, you would really only want to pay for an appraiser if the jewelry you are trying to sell is worth a substantial amount of money. A good appraiser follows current market trends and can help you understand the potential resale value of your estate jewelry.
Alternatively, if your jewelry isn’t worth paying the fee for an appraisal, analyze the situation yourself. You can do this by comparing prices of similar jewelry on eBay. You can check local retail stores and online jewelers, and then factor in a discount as it is pre-worn jewelry.
Consider the buyer’s perspective
You must consider the buyer’s point of view. You are selling your jewelry to a buyer who wants to resell it or melt it down with the intention to make a profit it off it one way or another.
So before you get over excited about selling your old jewelry for cash, it is super important to set your expectation realistically. Many times, people want to sell jewelry that has much more meaning to them than the buyer…i.e. it may have come from your aunt who just passed away and the value for you is more than money, yet unintentionally you set a price on that meaningful-value that others wouldn’t. To you, it might be a very meaningful, valuable piece of jewelry, but to the buyer, it’s just another piece of jewelry.
It is extremely uncommon to be able to sell second-hand jewelry for anywhere near what it was purchased for.
It’s also important to note that jewelry likely won’t even sell for anything close to what it was appraised at. This is for insurance purposes. The appraised values are established from the retail cost of the item, which includes the profit for the wholesaler and retailer.
Trade it for a new piece of jewelry…
You may have changed, but your jewelry didn’t. So a trade might be an interesting option. If you can’t reach the right price, an alternative is to exchange it for a new item. The jeweler may offer you a trade-in price that you will be able to use for the purchase of another item from their store.
The world is full of good-hearted people and if you stay positive everything should go perfectly well. As long as you are attentive, think things through, and you trust your instincts, you should achieve an outcome that satisfies you.
Selling your unwanted jewelry isn’t something that you will do often. So, enjoy the experience. Hopefully, you can learn something new and develop skills for future buying and selling situations.
If you’d like to speak with someone from our team about selling your jewelry, please don’t hesitate to contact us at email@example.com to set up your no obligation evaluation appointment.
We are located centrally in the Valley of Arizona in Scottsdale, AZ. We are less than 5 minutes away from Kierland, Scottsdale Quarter, The Scottsdale Airport - Airpark, Westin Kierland Resort. We are less than 10 minutes away from 101 freeway, 51 freeway, Westworld(Barrett Jackson, Arabian Horse Show, etc), IceDen Scottsdale, Paradise Valley Mall, Gainey Ranch, McCormick Ranch, Scottsdale Promenade, Hotel Fairmont Scottsdale Princess and TPC Golf Resort(Waste Management Golf Tournament). We are less than 15 minutes away from Grayhawk, DC Ranch, Silverleaf, Top Golf Scottsdale, Medieval Times, Salt River Fields at Talking Stick, OdySea Aquarium & Talking Stick Resort.