How To Sell My Jewelry and Get the Most Money (2024)

FAQs

How To Sell My Jewelry and Get the Most Money? ›

Sell Online Yourself

Generally, the best places to sell unwanted jewelry are through jewelers, local pawn shops, or online marketplaces. Selling on eBay is a popular option – buyers worldwide can come together in one auction-style environment.

For pricing and appraisals, selling to jewelry stores is better than pawn shops. Pawn shops have high overhead costs and typically resell items at a lower price. Jewelry stores have in-house master jewelers who can provide accurate appraisals and higher prices for your jewelry.

Resale Value. Generally, when you sell pre-owned fine jewelry, you can expect to get around 20 to 50% of the original purchase price. There are a few exceptions to this range. For example, very rare and highly desirable pieces may fetch a higher price.

2021 Demand for types of Jewelry

Of these four primary types of jewelry, earrings were the most popular, making up 41% of the combined demand among these top four. Rings were also quite popular, though, earning more demand than necklaces and bracelets combined. Next we examined different types of gems and jewels.

Pieces like beaded bracelets, pendant necklaces, and simple hoop earrings can be both easy to make and highly marketable, and what's better, these designs require minimal skills but leave room for creativity in terms of color, texture, and arrangement.

Selling to a jewelry store might get you a better amount of money if the store is interested in the resale value of your pieces. However, pawn shops usually pay you faster. If you need quick cash and are willing to accept a potentially lower price, pawn shops can be an option.

Kay Jewelers makes a straightforward commitment to buy back your ring at the original retail price (minus taxes and shipping). The actual market price isn't a factor in the offer and they may even be paying slightly over the actual second hand value of the ring.

Pawn shops are known for selling and pawning a wide array of items, from guitars to gold necklaces, but there are certain items which generally demand higher estimate prices; given the bullish market on precious metals, gold in any form — coins, necklaces, bracelets, rings, even dental gold — carry the highest value.

What is the best day to sell jewelry? ›

Around Mother's Day, Valentine's Day and Christmas are some of the best times to sell jewelry. People are usually more sentimental during these times. Therefore, they'll be more willing to pay a pretty penny for your valuables.

When selling diamond or designer jewelry, you can expect to receive 20% to 50% of the original purchase price. The exact percentage you will receive is dependent on various factors such as: brand, condition and market demand.

The most popular precious metal colors to date are silver and gold (with silver currently outselling the latter). When it comes to gemstones, clear or white gemstones like diamonds and pearls tend to be the most popular, but there are many more hues across the spectrum that customers also gravitate towards.

In addition to this, there are specific types of jewelry that are even more profitable, particularly resin jewelry because the supplies involved are extremely inexpensive, while it still remains a very popular and trendy style.

Choose Reputable Buyers: Opt for established and reputable buyers when selling your gold. Look for buyers who are licensed, experienced, and have positive customer reviews. Avoid dealing with individuals or unverified online platforms. Get Multiple Quotes: Don't settle for the first offer you receive.