Trading Spaces Jewelry For Cash
The Jewelry Collection That’s Collecting Dust
If you’re an enthusiastic jewelry collector or something of a hoarder, chances are your jewelry box is a lot fuller than your wallet. Don’t worry. You’re not alone - this is a common symptom of jewelry lovers who let their passions escape them. Your best solution: retrace your steps, reorganize, remove, and refresh your collection.
There are two main reasons collectors like us hang on to our jewelry for too long.
First, we get attached to our favorite pieces. The longer we own them, the more sentimental they become. Maybe it was a gift from a friend or a unique piece we picked up from a one-time antique sale. Parting with the old stuff is never easy, even when it’s the jewelry you haven’t touched in ages.
Second, we are under the impression that the older a piece of jewelry gets, the more it will be worth in the future.
This brings us to the light at the end of the tunnel; maybe the future is now and it’s time to consider selling your jewelry.
The Decision To De-Clutter
I know what you’re thinking. We’ve all seen various signs proclaiming, “SELL YOUR GOLD” and “CASH FOR GOLD,” not to mention the sketchy infomercials and gimmicky billboards. Worry not. Selling your jewelry or diamonds is not illegal, sketchy, or dangerous, as long as you do it through a reliable and professional service.
If you’re looking to upgrade your jewelry collection and make some pocket cash along the way, then we’re here to help.
When it comes to selling your jewelry, it’s out with the old and in with the new. Keep your precious treasure box in motion and jump onto this hot new trend.
The Journey of Selling Your Jewelry
Now, let’s talk about the journey. Your first step is to roll up your sleeves and start sorting through your gold, silver, and pearls. Prioritize what’s important and what’s taking up space. No one is asking you to sell grandma’s heirloom pearl necklace.
We aren’t that heartless.
Just ask yourself:
Do I really need this?
Do I have too many of the same piece? (A symptom that plagues even pro collectors.)
Is this out of style?
Would I rather have this old fashioned piece of jewelry or some extra cash?
At this point in your journey, you should have two piles. The keeping pile and the selling pile. Congratulations! You’re on your way to trading in your old yellow gold for some nice green cash. Now, THAT’s what’s trending!
Getting The Right Numbers
Let’s get real. It is important to realize that your jewelry may not be worth as much to a buyer as it is to you. It is highly unlikely to sell a piece of jewelry for the full amount you bought it for.
However, it is important to know the value of the pieces you do choose to sell so you can get the most for it.
You can easily acquire this information by Googling the designer of a given piece, and comparing prices of similar items. There are various resources out there to help you become knowledgeable in the world of jewelry. For example, the Gemological Institute of America’s website is a great source for learning about all things gem-related. There are even sites that will appraise your jewelry online, using pictures to supply you with a rough estimate for the piece. If you’re looking to sell a diamond, PriceScope is a great site that allows you to compare prices of similar 4C’s (cut, carat, color, clarity). If you’re en route to sell gold, goldprice.org can keep you updated with the current market value. Don’t be afraid to become an expert.
Walk into your appraisal appointment with the most knowledge possible. A professional and reliable appraiser will be honest with you about the value of your piece, but it’s better to be safe than sorry. A working knowledge of current jewelry market prices will help you avoid getting scammed, and aid you in your journey.
After all, this jewelry is yours and you deserve to get the best deal possible.
Accredited jewelry buyers like Luriya.com schedule appraisals for free.
Simply call or click, and come in at your own convenience.
After examining your jewelry, the appraiser is likely to make you an offer right away.
Upon telling you the value of your jewelry, you may be offered cash on the spot. At this point, you have two options.
The first is to take the cash and run.
The second is to shop around for second opinions, or take some time to think it over.
Being offered a wad of cash on the spot can be intimidating and nerve-wracking, but if you’re doing business with a reliable buyer, you have nothing to fear.
There’s no pressure and no strings attached.
Sealing the Deal
Now that you have some extra cash, you can hit the boutiques and make it speak. Selling your jewelry is a great way to keep your collection updated and your pockets full. Part of staying in style is knowing what to keep and what to trade in. Don’t be afraid to trade in the old for the gold.
Fearlessly schedule your free appraisal today.
Emily Zimmer is a contributor/marketer for Havilah - the blog at Luriya.com. Emily is a creative writer with a passion for adventure and meaningful human interaction. She enjoys Irish folk tales and long hikes.