Selling your unwanted jewellery not only helps to de-clutter your jewellery box, but also earns you some money for doing so. Whilst selling your valuable pieces can be a great way to get some extra cash, it isn’t always that easy fetching the best prices for them.
Whilst cash-for-gold companies may seem like a quick and easy option, learning the ways to get higher prices for these items doesn’t have to be complicated, and can result in bigger cash sums. Through this guide, we’ll be exploring the top tips to help you get the most out of your unwanted jewellery.
Tip 1. Give The Process Time
As previously mentioned, whilst the well-known cash-for-gold companies can seem incredibly convenient, for those who want to make the most out of their sale, this route is unlikely to be suitable.
Instead, it’s best to give the process of selling your jewellery time and attention. Learning about the value of your pieces, as well as the best time to sell can help you to make more informed decisions when it comes to selling them.
Whilst this can take time, it might not be as much as you think! Jewellery valuations can be done for you by experts in the field in a matter of days – explored later in this guide – who can advise you on the next steps to take once it’s worth has been established.
Tip 2. Collect All Necessary Details About the Items
One of the first steps to help you properly prepare for selling your jewellery is gathering all the relevant details on the items you wish to sell. These details can have a considerable sway over the prices your pieces can fetch.
Below is a list with some of the main details you should collect for your items, of which could help make your pieces more desirable, and therefore more expensive:
- Materials – what the jewellery is made up of, including the kind of metal, gemstones, diamonds etc.
- Brand – whether your jewellery is by a certain brand, however, you can still sell unbranded jewellery.
- Age – the age of the piece can become a big selling point – over 20 years old, non-mass produced pieces could be considered vintage, whilst over 100 years is considered an antique.
- Wear – if the jewellery has scratches or missing diamonds/gemstones this can lower its value when it comes to selling.
Tip 3. Get Your Jewellery Valued
In order to get the most money from your unwanted jewellery, it’s important to find out how valuable it really is. This way, you can tell if you’re being offered a fair price by prospective buyers.
Expert valuations on your precious items are usually carried out over a few days, however, these can sometimes be completed on the same day you bring them in, depending on the details of the pieces, the documentation and where you have it valued.
Tip 4. Take Age of Jewellery Into Account
The price of gold, silver and other metals your jewellery consists of, as well as any stones they hold, can change based on economic conditions. As these conditions fluctuate, it’s recommended that you get your jewellery valued every two years.
By taking timing into account, and selling when the value of your pieces’ materials are high, you could end up getting more for your jewellery.
Tip 5. Choose a Good Buyer
It’s important to be picky with the buyer of your jewellery. Going with a buyer that knows and respects the value of your piece is a sure-fire way to get the most from this sale.
At Hatton Garden Diamond, we’re not only able to conduct a thorough valuation on your items, but can also offer a fair price for your jewellery on the spot. In addition to this, we also offer jewellery exchanges, whereby you can trade your unwanted items for pieces of a similar value.
If you’d like to have your jewellery valued by us, or discuss any selling/exchange opportunities, please book an appointment with us.