Here are some tips for selling jewelry that can take the frustration out of the process. Is the price I’m offered for my jewelry fair? Was I overcharged?
Tips for Selling Jewelry | The Estate
It is critical to know how to determine the value of estate jewelry and how to liquidate it in order to get the best price for it. You have to become a gemologist just to sell your jewelry, right? That’s not true. With some homework and note taking, however, your jewelry can fetch a much higher price. Firstly, let’s discuss how estate jewelry is valued.
The term estate refers to property that has previously been owned. Among the factors determining the outcome is that fact. Jewelry that is preowned is generally less valuable than jewelry that is new. Some people won’t buy a previous owned engagement set because of superstition. Many of my clients could have saved hundreds of dollars by buying a preowned ring, but refused to do so.
Tips for Selling Jewelry | Fashion and Price
Fashion is the driving force behind the jewelry industry. Others last for just a few months, while others remain classics for decades. An out-of-style piece of estate jewelry can’t command a premium price. Some jewelry styles are so out of style they only have intrinsic value. An antique piece of jewelry is the other extreme. Selling antique jewelry may require a specialty option because it is highly collectible. Identifying whether your jewelry is old and outdated or is an antique can mean the difference between hundreds and thousands of dollars.
Jewelry prices are heavily influenced by the condition of the item. In many cases, damaged and broken jewelry is worth its intrinsic value only, so restoration costs are justified. The process of jewelry repair is often counterintuitive. A jewelry piece that has been mangled so badly that the cost of restoration is justified is easily justified in my experience. However, the jewelry was rendered un-restorable due to what appeared to be an insignificant problem. There is one area of jewelry repair where you shouldn’t do it yourself. Make sure you leave it to the professionals, otherwise you could end up paying a lot.
Cleaning the Jewelry
Cleaning jewelry makes it look its best. It is important to properly clean your jewelry before showing it off. You should let a professional jeweler clean your piece of jewelry if you do not know the 100% correct way to do it. Depending on the jewelry store, it may even be cleaned for free. Cleaning jewelry incorrectly can cause damage or even destruction. It is best to let the professionals handle the cleaning of your jewelry or gem if you are not sure how to do it.
Here are a few tips for cleaning. You should never use chlorine to clean gold or gems. The jewelry industry uses ammonia-based cleaning products, but some gems may be damaged. When possible, avoid them and ensure your jewelry’s gems aren’t damaged by them. When cleaning jewelry, use mild soap and warm water with a soft toothbrush, and then rinse well. There are some gems and gold that can be scratched by hard toothbrushes and toothpastes. It is important to know what the best cleaners are and use them carefully when cleaning your jewelry.
Recycling the Jewelry
For millennia, jewelry has recycled materials. Gold in your jewelry could have been used since Jesus’ time. Jewelry that can no longer be repaired is purchased at its intrinsic value. A metal’s intrinsic value is determined by its price plus any gems it may contain. The refining process uses strong chemicals and is highly regulated, making metal recycling expensive.
A gemstone is an important component of jewelry. Estate jewelry value could be 99% determined by the gem. A gem could, however, have no effect on the value. The condition of the gem and the gem itself are the two most important factors. There are some gems that are worth more than others. Synthetic rubies are much cheaper than natural rubies. The value of diamonds is generally higher than that of amethysts. Understanding the grade and rarity of your gem will help you understand its value. It is important to consider the condition of the gem when determining its value. Abrasions and chips can justify the cost of polishing. The gem is usually unattractive and worthless when it is scuffed or scratched. The value of jewelry is higher if it has been handled carefully rather than carelessly.
Style, condition, and intrinsic value determine the value of estate jewelry. Remember that you don’t get paid according to what you paid, but rather according to the condition and demand when you sell the jewelry. When jewelry is clean, it shows off its best qualities and makes it easier to evaluate its design and gems.
Expert Jewelry Buyers | Truval | Trusted and Reliable
Truval is your trusted source for selling your jewelry. Explore our website to read more about our professional jewelry buying and selling services. You should do your research before deciding where to sell your jewelry. At Truval, our experts are available to help you get the best price. When selling jewelry, there are many emotional and financial factors to consider, and our professionals are here to help you every step of the way. We want you to have the best possible experience when you sell your jewelry. If you would like to schedule an appointment with us, please call 212-938-1002.