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Getting the Most from Your Jewelry Sale

Style: AAA 102215

Style: AAA 102215

When funds get tight or folks need extra money for large purchases, one of the first sources of alternative income to consider is selling valuables. If you were to take stock of all the assets you own, your family jewelry would likely rank among the most valuable. Given the number of retailers that specialize in selling engagement rings and other pieces, as well as the high demand for top-quality jewelry, you may think that making a quick sale and significant profit on your collection would be rather easy. It can be, provided that you do right.

Do Your Due Diligence

What can go wrong with the sale of your jewelry? Plenty. Therefore, it’s important that you do your due diligence in researching your options and knowing the value of your collection. Listed below are the recommended steps for you to follow:

  • Have your collection appraised: Having your jewelry professionally appraised assigns a real number value to it (as opposed to its emotional worth to you). This gives you realistic expectations as to what to expect in terms of an asking price. Consider taking it to multiple appraisers or retailers in order to get a range of valuations.
  • Know your resale options: You can try to sell your pieces yourself, yet most consumers tend to rely on certified retailers when buying jewelry. A quick Internet search of where to sell rings and other jewelry will provide you with a list of several retailers in your area. While you may get less from a retailer, you’re much more likely to sell your collection quickly.
  • Offer your pieces in combination: Not every piece of jewelry that you own may have a high value. However, you may able to get money for lesser items by only offering them in conjunction with your more expensive pieces.

The last thing that you want to is part with any pieces of your jewelry collection for anything less than they are worth. After all, most of them are likely associated with some significant memory or event. Selling them for less than their actual financial worth as well as the personal value that you assign your jewelry may serve to cheapen those memories. Working with reputable retailers like those on the team at AAA Jewelry will help keep that from happening.