If you are looking to make some money by disposing of your spare and unwanted jewelry. The time has come to clean up your jewelry box or turn those pieces into money. Discover our collection of best place to sell jewelry both online and offline.
It may sound surprising but you can earn a considerable amount of money by cleaning your jewelry collection. But the best way to maximize your profit is to search, where to sell jewelry. You can opt for regional options that include jewelers or pawn stores and online sites.
If it is fine and costume jewelry consider strengths and weaknesses of this list to determine where to sell jewelry whether online and offline.
- Where to sell jewelry online?
- Worthy
- Strengths
- Weaknesses
- USA Gold Exchange for Cash
- Strengths
- Weaknesses
- Sotheby’s
- Strengths
- Weaknesses
- The Real Real
- Strengths
- Weaknesses
- Where to sell jewelry offline?
- Pawn Shops
- Strengths
- Weaknesses
- Jewelry Stores
- Strengths
- Weaknesses
- Conclusion
- FAQs
- How to sell jewelry successfully?
- How profitable is the sale of jewelry?
- What strategies should I use to attract customers to buy my jewelry?
- Read More
Where to sell jewelry online?
If you want to sell your jewelry, diamond and precious metals, it is essential to ensure that you obtain the best price for your items.
In this analysis the strengths and weaknesses of the best places to sell jewelry online are discussed in detail. This analysis is intended to help you make an informed choice on where to sell your jewelry.
Worthy
Worthy emerged as an online platform that focuses on the sale of high end jewelry, watches and engagement rings. As a high end jewelry and brand name auction website, Worthy operates in a simplified process.
Making convenience easy, Worthy always offers no charges and protect FedEx shipment services for the jewelries which is insured till $50,000 through Lloyds of London.
When you deliver the item to the Worthy offices the item is put through rigorous inspection, cleaning, and a professional photography session before being put up for sale.
Thereafter, Worthy holds the auction where the highest bidder gets your item.
The platform collects a fee between 10% and 18% of the item cost which decreases as the value of the item increases. In case of multi piece sales, worthy charges flat 18% fee.
Strengths
Get an instant price assessment which is followed by a free assessment to provide a more accurate estimate for your diamond jewelry. Benefit from free cleaning to restore the luster of your pieces.
Benefit from our free and safe pickup service combined with a reliable tracking service.
With full insurance coverage which will protect your item during the whole trip. Take advantage of our free cleaning service and professional photography to highlight the best features of your jewelry.
The selling process is fast and usually takes only 10 to14 business days on average.
Weaknesses
The sale is not guaranteed.
The ultimate sale price is determined by the bidders not the initial estimate.
Fees can reach 18%.
USA Gold Exchange for Cash
USA gold exchange for Cash is a best online service that allows you to sell your jewelry quickly and get cash on the spot. They are not interested in gold only but also silver platinum and diamonds.
In stark contrast to their name USA gold exchange for cash does not just deal with gold but accepts a wide variety of jewelry articles. This includes fragments and the valuation is by weight and purity not by the condition of the item.
In order to start the process all you have to do is fill a form and select your desired shipping option for your jewelry. FedEx shipments services are guaranteed till $5,000 and there is an opportunity to buy higher insurance for more valuable items.
A certified appraisal technician will send you an offer within a day. If you decide to take the offer payment will be made within 24 hours. If not they quickly return your item.
Strengths
The acceptance of fine works without paying attention to their age value or mass production standards.
Purchasing broken jewelry.
Payment within 24 hours must be ensured.
Provisions of insured shipping coverage till $5,000.
Providing free return shipping in case you reject their offer of purchase.
C J Environmental a company that is rated A by BBB.
Receive an additional 10% bonus over the original estimate by shipping within 7 days.
Weaknesses
To qualify as gold jewelry a minimum of 8 karats is necessary.
It is possible that the top offer for diamond jewelry and other precious gems will not be received.
Sotheby’s
Sotheby famous for its knowledge in art or collectibles auctions, owns physical auction houses in multiple locations such as Paris and New York. Besides, their online auction site offers a great opportunity to sell jewelry and get the best price possible.
Although the estimation process might take 7 days which is a little longer than some other platforms, Sotheby guarantees that your items will be listed until a jewelry buyer is found.
Unlike some of the companies that provide free shipping or insurance, Sotheby makes up by offering potentially more payouts via its auction portal.
Strengths
A reliable place for selling antique or expensive jewelry.
Dependable auction platform.
The possibility to make substantial profits from your jewelry.
Flexibility of auction and private sale.
Weaknesses
Jewelry appraisal requires a value of not less than $2,000.
Longer waiting time between requesting an estimate and the sale of your jewelry.
Failure to deliver shipping and insurance services.
The Real Real
The Real Real is a luxury consignment platform that specializes in the assessment and sale of designer jewelry as well as high end items.
The Real Real accepts submissions through drop offs scheduled pickups and shipping.
After a successful sale you get your pay minus commission plus your fee.
At The Real Real items that are not sold in a year are returned to you at The Real Real cost.
If you sell jewelry worth $995 and above you get back up to 70% of the sales value. If the price of the watch is $2,495 or more you receive 85% of the selling price.
Strengths
A plus BBB rating.
Clear and transparent consignment fees.
To ensure payment within 24 hours.
Weaknesses
Not an exclusively jewelry shop.
Specializes in designer jewelry.
Incur consignment fees which may be higher than necessary.
Primarily consigns high end brands.
Where to sell jewelry offline?
Pawn Shops
Pawn shops provide less value for the jewelry than local jewelers do. On the other hand, pawn shops are ready to purchase any kind of jewelry like wristwatches, costume jewelry and fashionable collections.
People visiting pawn shops expect low prices and the sellers of jewelry should compensate for a possible resale.
When thinking about selling your jewelry it is always a good idea to visit several pawn shops, compare prices and make sure that you get a decent offer.
For expensive jewelry or valuable items such as diamond jewelry auction houses can give greater returns therefore they are better than pawnbrokers.
Strengths
Sell all types of Jewelry including Estate Jewelry.
Receive Instant Cash Payments.
Avoid Shipping, Go Directly to the Store.
Weaknesses
A possible lower payoff in comparison to a jewelry shop.
Before selling make sure that you are acquainted with the value of your jewelry to get its true worth.
Jewelry Stores
A jewelry store is usually a primary destination of selling fine jewelry and receiving a reasonable assessment. But it should be noted that these businesses are more likely to lend store credit instead of cash right away for your products.
If you want to get money fast then a local jeweler may not be correct option. On the other hand, selling to a jewelry store might be the right decision if you would like to refresh your jewelry collection or get credit for that special present.
If you had purchased jewelry from a national chain it is likely to offer a trade in and buy back program for the original jewelry which is a feature that is not available with many local jewelers. A purchase receipt is usually required to qualify for a trade in at a local jeweler when making a new purchase. Most of the time, the jewelry stores give you a full refund for your diamond items if your new purchase is twice the value of what you are trading in.
Also jewelry stores provide online gold or platinum buyback facility which enable a free shipping procedure with an attractive price upon arrival.
Capitalizing on their knowledge of gemstones, jewelry stores can accurately appraise and make attractive offers. The most important thing is to understand and familiarize yourself with the buyback rules or regulations before concluding the sale with a jewelry store.
Strengths
Capitalize on store credits for future diamond purchase.
Reliable and reputable source.
Secure gold and platinum trading process.
Weaknesses
Diamond pieces for trade in have to be bought from the same store.
Diamond trade ins require a valid receipt.
However cash may not be an option.
It is necessary to pay close attention to the terms and conditions of the buyback agreement.
Conclusion
The article is written to tell people about best places to sell jewelry. It is important to find the bestselling location for the products so as to ensure the highest returns. Research different alternatives, take into consideration the special features of your pieces and make facts based choices to get the best possible result for your fine items.
FAQs
How to sell jewelry successfully?
Setting up an online store is an essential element of selling jewelry on the internet. Your site is the first thing potential customers see and it has to leave a good impression. However make sure that your website is customer friendly with detailed product descriptions quality images and clear pricing to improve the overall customer experience.
How profitable is the sale of jewelry?
Unlike electronics such as laptops and phones which have fixed perceived values the profitability of selling jewelry changes. Based on your brand, target market, and marketing strategy, semi fine jewelry can generate profit margins between 25% and 75%.
What strategies should I use to attract customers to buy my jewelry?
Attract new customers by offering significant discounts on your jewelry products. To attract attention combine popular discounts with a few unexpected sparkling offers. This not only raises the chances of a sale but also provides for impulse purchases.
Read More
Print on Demand Etsy: An All-Inclusive Guide Sellers Can’t Miss
