Selling estate jewelry is a smart way to earn some extra money. After all, fashion trends have shifted in recent years. You may have plenty of old jewelry, but no genuine reason to wear it anymore.
That said, these pieces may also hold sentimental value. You want to make sure you’re getting the best price you can when parting with something this special.
If you’re thinking about selling diamonds, or any other estate jewelry, keep these tips in mind.
It’s easier to determine the correct value of a piece of jewelry when you have information about its origins. Before trying to sell a piece, gather any documentation and information you may have, including receipts, the original box, laboratory descriptions, and even family anecdotes about where the piece came from.
The cleaner and more polished your jewelry is, the more valuable it will look. Although there are several methods you can use to clean it on your own, you may want to seek professional help if you’re worried about possibly damaging it.
You may not be able to meet in person when first contacting professionals to get a basic assessment of your jewelry’s value. By taking several digital pictures, you can maintain a simple inventory, while also sending the pictures to experts via the Internet.
Get a Grading Report
Many different factors contribute to a diamond or gemstone’s value, but the four most important include cut, clarity, color, and carat. That’s why it’s important to get a grading report from a qualified professional. This helps you establish your jewelry’s value when meeting with potential buyers.
Certain types of jewelry may be considered more valuable than others due to current trends. For instance, a report from Bain & Company indicates that diamonds are currently in high demand. This trend is expected to continue through 2030. Familiarizing yourself with these trends is simply another way to confirm your jewelry’s true value.
Get Multiple Opinions
Don’t accept one appraiser’s opinion when learning how much your jewelry is worth. Having opinions from multiple experts helps you more confidently determine its value. A potential buyer may try to convince you the opinion of one appraiser is wrong. If multiple appraisers generally agree, they’ll have a harder time making that case.
Ask About Insurance
You may choose to leave your jewelry in the hands of a jeweler while trying to sell it. If you choose to do so, confirm they will insure the pieces first. This is simply their responsibility.
Be Honest With Yourself
Again, estate jewelry tends to have sentimental value. Don’t make the mistake of selling a piece without taking the time to honestly ask yourself if you’re willing to part with it. Earning money for old jewelry is only beneficial if you feel comfortable with your decision.
Most importantly, remember to coordinate with experts. You need proper qualifications and experience to accurately determine estate jewelry’s value. By working with professionals and keeping these tips in mind, you’ll be much more likely to get the best possible offers from buyers.