Jewelry

[Droid101]

Where would you go to sell expensive jewelry?

Diamonds and gold, that sort of thing.

Where would you go to get it appraised and certified, before you look for a place to sell?

Any thoughts?

 

[Crothian]

Go talk to someone at a mall store or something like that. I imagine like most high cost things though you won't get a good amount for it.

 

[Droid101]

Go talk to someone at a mall store or something like that. I imagine like most high cost things though you won't get a good amount for it.

Yeah I didn't think so. I was just wondering if anybody has done this before, to see if they could give me some tips about the appraisal and what not. Thanks though.

 

[Krieg]

A pawnshop will give you between $5-$7 a penny weight (1 penny weight = 1.555 grams) for 14k gold.

Diamonds are typically $1 a point (100 points in a carat) for everything under 1 carat, stones larger than that will fetch a bit more.

Most jewelery stores don't like to buy used jewelry because they don't want to show the disparity between wholesale & retail prices, UNLESS it is a high dollar items. High dollar being nice diamonds of 2+ carats in weight.

Your best bet is to find an individual and sell it directly to them.


As far as appraisals go, find smaller locally owned jewelry stores. Ask around and find out which ones have good reputations and which don't. Take the jewerly to two different stores and get independent appraisals.

Be sure to ask the jeweler to do the appraisal in your sight. You are essentially telling them that you don't trust them, so be very polite about it.

Whatever you do, do not get an appraisal from the store at which you purchased the jewelery. Conflict of intereset and all that...

I would also respectfully disagree with Crothian, the chain jewelery stores at the mall are typically the last place you want to go, even worse are "discount" jewelery outlets. The latter are typically the shadiest ones you will find.

 

[Dark Jezter]

Where would you go to sell expensive jewelry?

Diamonds and gold, that sort of thing.

Where would you go to get it appraised and certified, before you look for a place to sell?

Any thoughts?

I know a guy who offers such services. But you don't call him; he calls you.

 

[Droid101]

I know a guy who offers such services. But you don't call him; he calls you.

Haha, uh oh...

Thanks for the responses. I think I actually know of a little independant place that my parents used to go to, to get their watches repaired. Might try an appraisal there, and then sell it on eBay or something.

Unless someone here needs an engagement ring/wedding band combo!?

 

[Tarrasque Wrangler]

Unless someone here needs an engagement ring/wedding band combo!?

Sounds like there's a story there. Care to tell?

 

[Treebore]

If you bought the jewelry what did the documents that came with it tell you? Did it tell you clarity? Color? What is the cut? Round? Marquise? Oval? What are the weights of the individual stones and the total over all weight? Are the bands 14 kt gold or 18 kt gold? Is it white or yellow gold? Is it platinum? Did they tell you how many grams the rings weigh?

If you bought them their estimated value should be close to what you paid for them, unless you bought them more than 3 years ago. If you want me to help you I need as many of these questions answered as you can.

 

[Droid101]

Sounds like there's a story there. Care to tell?

Well, heh, yeah sure. I bought the rings because (duh...) I was going to get married. However, I finally came to my senses, and realized that marriage really wasn't my weapon of choice. Now I have these rings just sitting around...

To Treebore: I'd like to help you, but I don't have any of the papers anymore, this was a while back. I can show you a picture and tell you that I paid about $1400 for the combo. Also, according to their website, they offer this ring/band combo in 1/2 carat, 1 carat, and 1 1/2 carat increments. It's white gold and there are a total of seven diamonds on each ring. Can you fathom a guess as to which it is? 1/2, 1, or 1 1/2; knowing that it cost me $1400 for them? Thanks!

Edit: bought the ring about a year ago. Prices on the website are strange, or I'd be able to figure it out myself, of course.

Edit again: 14k gold.

 

[Treebore]

If you could tell me the size of the main stone, in millimeters, I could start. However, the main determining factors of diamond are their color grade and clarity. Size above one carat becomes a major value factor as well. $1400.00 a year ago? With an appraisal from a GIA certified appraiser (make them show you their certification along with valid ID), you might get lucky and recoup 8 to 900.00 through a private sale. If you hold onto it for 10 or 20 years you may get your full purchase price back, plus a little more. Assuming the market for diamonds keeps going up. Right now being white gold instead of yellow is considered a plus.

BTW, expect an appraisal to cost you $60.00 to $100.00. Also, unless you are sure you will never get married, keep them for the right person. Much cheaper in the long run. Resizing to fit the finger will only cost around $100.00, instead of another $1400.00 plus. Get the appraisal either way, and don't lose the paperwork this time. If you have homeowners insurance, or renters insurance, send your insurance company a copy of the appraisal and see how much the insurance rider will cost. You decide if it is worth paying for.