Having to part with jewelry, whether it’s a ring from a broken engagement, a family heirloom or simply a gem you loved but have not worn, is understandably a hard transaction to make.
Although selling diamonds and jewelry can be emotional, it is important to remember that a gift or inheritance was given to you so that you might appreciate life a little better and your decision should not be encumbered by guilt.
Your life’s circumstances may have changed and you need to change with them. That goes for your valuables as well. There are needs for college, new autos, home purchases, medical procedures, debt reduction and retirement. These are all necessary to be a functioning part of society and should not be bypassed.
It’s important that you focus on what your current needs are, financial or otherwise, or what you anticipate they might be in the future. You are, after all, living in the present. Selling jewelry that you no longer wear, can’t afford to keep or that you believe is out of style is the smart thing to do.
We’ve had clients tell us that they don’t want their jewelry sitting around waiting to get stolen or misplaced and that money received for the gems, no matter how you may decide to spend or invest it, is better than if the items sit in a drawer or a bank safety deposit box gathering dust.
Another one of our clientele felt it was difficult to sell her mother’s jewelry, but then contemplated what she was considering. Once the transaction was completed, she told us that a great weight had been lifted from her shoulders, that she had done the right thing and that her mother would fully have appreciated her decision. She gave the proceeds of the sale to her mother’s favorite charity and we made a donation as well to help support the cause.
As you can see, these types of transactions can provide some emotional relief in the end. It’s important to understand that jewelry received as a gift or inherited is always tied to emotion. As people with a long history in the jewelry business, we understand that the ability to listen and understand clients’ feelings makes us better at what we do.
When we purchase jewelry we are not just buying jewelry and writing them a check. We are making a human connection with them.
Here is some advice to consider when selling a piece of jewelry or an entire collection:
- You may want to discuss it with close family or friends but it is something you may want to keep private.
- Carefully inventory and then decide what you may want to keep, and what should be sold. If you have not worn it in years your jewelry becomes an asset that is underutilized.
- Have your jewelry appraised by a certified appraiser and ask for an estate appraisal, or contact a reputable jewelry buyer or auction house. These steps will give you an estimated value before your decision to sell.
- Deal only with a jeweler with a great reputation that you can rely upon
- Once your decision is made, look forward, not back.
- Stay away from pawn shops. You will receive the least value for your jewelry from these type of operations. Pawn shops view all customers as desperate for cash, and pay accordingly.
- A true jeweler and not just a sales person in a chain store is your best bet for a profitable sale. You will be able to speak to a reputable and knowledgeable professional that knows the industry and has a reputation to uphold.