Selling jewelry: triumph or tragedy?
What is more interesting, get a root canal, pay taxes or sell your jewelry? Not much choice, but the following is some knowledge that can save you from selling your jewelry. And answer the difficult questions: Do I get a fair price for my jewelry? Or am I crying too much?
Two critical areas of knowledge to get the best price for your jewelry are the factors that determine the value of jewelry and options for their elimination. Does this mean that you need to become a gemologist to sell your jewelry? No. But some homework and notes can mean a much higher price for your jewelry. Let's start with what determines the cost of jewelry.
Estate is a general term used to describe previously owned. This fact is one of the determining factors. Devoted jewelry in large sizes are not as valuable as new ones. Some people will never buy their own set of commitments for superstitious reasons. I had customers who could save hundreds of dollars if they bought a ring with a pre-recorded ring, but refused.
Jewelry is a style-oriented industry. Some styles of classics and remain for decades, others - only a few months. Jewelry that does not match the style cannot control the premium price. In fact, some styles are so disliked that the only value of jewelry is its intrinsic value. The other extreme is that jewelry can be antique. Antique jewelry is very collectible and may require a special option for sale. Knowing that your jewelry is just old, not stylish or antique, can mean the difference in hundreds, if not thousands of dollars.
The condition is the main determinant of the price received for your jewelry. Damaged and broken jewelery repeatedly justify the cost of restoration, but most of the time damaged jewelery is valued only by its intrinsic value. Repair of jewelry in many cases contrary to intuition. I saw jewels that were distorted in such a way that the cost of restoration is insignificant and easily justified. On the other hand, it seemed that it was a minor problem, jewelry became unmanageable. Jewelry repair is one area where you don’t want to be “do it yourself.” Let the professionals do it, or it may cost you money.
Worn jewelry affects value. It is a difficult repair to bring life back to jewelry. Most worn jewelry is valued for its intrinsic value.
Jewelry looks best when cleaned. Clean your jewels correctly before showing them around. If you do not know what the 100% correct way to clean your piece of jewelry, let a professional jeweler clean it for you. Some jewelry stores may even clean it for free. Warning: improper cleaning can damage and even destroy jewelry. If you are not sure how to clean jewelry or precious stones, let the professionals do it.
Here are some cleaning tips. Never peel gold and precious stones in chlorine. Ammonia based cleaning products are used throughout the jewelry industry, but they can damage some gems. Try and avoid them if you can and know for sure whether they will not harm the gems in your jewelry. Use a mild soap with warm water and a soft toothbrush, then rinse thoroughly for most decorations. A hard toothbrush and toothpaste or toothbrush will scratch the gold and damage some gems. The best cleaning tip is to know for sure the best cleaning products to use on your jewelry and do it carefully.
The jewelry industry has been processed for millennia. In fact, some of the gold in your jewelry could be used from the time of Jesus. Jewelry damaged beyond repair is purchased at its intrinsic value. The intrinsic value is the price of metal (gold, platinum, silver) plus any precious stones. The cleaning process used to extract the metal uses strong chemicals and has strict environmental regulations that affect the price specified for the metal to be recycled.
If you want to know how to calculate the price of the metal and read the math, do not go to the next paragraph. The formula used to calculate the price is the metal price (daily spot price) multiplied by purity (true precious metal content) multiplied by weight (maybe in ounces, penny weights or grams). Purity is the carat of gold or the percentage of noble metal (gold, platinum, silver). 24 carats are clean. 10 carats - 10/24 or 410 gold, and weight weight - alloys. 14 carats - 14/24 or 583 gold, and 18 carats - 18/24 or 750 gold. Platinum most of the time is 90% pure and 10% alloy. Silver jewelry is usually sterling that is pure. The three units of weight used with precious metals are troy ounces, penny weights and grams. Triple ounce equals 20 penny weights (dwt) or 31.15 grams. So here is an example; let's say the spot price of gold is $ 300, and a 14K ring weighing 10 grams will work like this. $ 300 (spot price) X.583 (gold fineness) is $ 174.90 per ounce divided by 31.15 (troy ounce to gram) is $ 5.63 per gram, and our ring 10 grams is $ 56.30. Just remember to subtract some processing cost and profit for the dealer, and you can find out the intrinsic value of the metal for your jewelry.
Gems are an important part of jewelry. The cost of gems can be 99% determined by a gem. On the other hand, a gem might add zero to the value. Two critical factors are the stone itself and the state. Some gems have a higher value than others. A natural ruby costs many times more than a synthetic ruby. Diamonds are usually more valuable than amethysts. Knowing your gem and its rarity will help you understand its value. The condition of the gemstone is crucial for value. Some chips and abrasions may serve as a justification for rebalancing costs. But in most cases, chips and scratches will make the gem unattractive and useless. Tip: the careful processing of jewelry retains a higher value than carelessness.
An overview of the determining factors of jewelry - style, condition and intrinsic value. Remember that you are not paid for jewelry due to the fact that you paid, and for the state and demand when you sell. Clean jewelry shows the product in the best possible way and helps to evaluate the design and precious stones.
How to find the best way to get the most bang for your jewelry?
The sale of real estate jewelry is the art of compromise. There is a balance between a paid dollar and the speed of payment and ease of transaction. If you need a high price, quickly and easily, you are dreaming. The higher the price received from the sale of jewelry, the longer and more difficult the transaction.
Finding another consumer to buy your jewelry is the most profitable, but the most difficult, time consuming and problematic. Going to a dealer shop is the easiest and fastest way to sell, but you sell in bulk or less. Finding a balance is a challenge to personal jurisdiction.
Each method of selling jewelry has its strengths and obligations. In addition to the price received for jewelry, the time you have to spend on selling jewelry is included in the equation. What is your time and energy? I know people who traveled around the city for two days to earn another $ 20. Do not look at the ease of the transaction. Not all people decide to buy and pay cash on the spot. Some people take two or three visits to decide on a purchase. There may also be confidence in the delivery of jewelry throughout the country or even in terms of payments, which could be the only way to provide you with jewelry. The dollar balance paid compared to the payment method can be very complicated.
This list of ways to sell jewelry is not exhaustive. Personal creativity can show you the best way to sell your jewelry or one of the more traditional methods can work just fine. Explore your options and evaluate the advantages and disadvantages to find the best way to sell your jewelry.
Auctions are a prestigious way to sell jewelry. In a large auction house there is an abundance in the liquidation of jewelry. Nationally known auction houses, such as Christie, Sotheby, etc., have expensive prices and standards. Top-level jewelry is best for these auctions. There are many regional and local auction houses that can sell jewelry in the middle of the range. Auctions can be very risky, because the final price is unknown, but the risk can lead to a very positive sale price. The keys to selling jewelry at auctions are finding the right home for your jewelry, knowing the best time to sell and good luck.
Online auctions offer many benefits and some risks. Online auctions, such as e-bay, are held online, covering a global audience. The cost of selling the item is modest if the item is for sale. Sales are not guaranteed. Which online auction to use is a critical choice. At major auctions there are a lot of offers and sales, but it's easy to get lost in all this activity. Choosing the best category is another problem. If you choose a smaller online auction company, many potential buyers will not find your offer. The decision is best made with research on how your particular type of jewelry was sold. Email and ask other sellers if they got the desired price and how the selling experience was for them.
The most difficult part of online auctions is the real transaction. Who will trust someone in the first place. Usually the buyer sends the money, then the seller sends the goods. The seller must also provide the buyer with a deadline for returning the goods for full refund. The deal can be problematic or smooth. Let all your experiences be useless, but the problems with the transactions that I have been tracking seem to be between 20% and 35% of attempts.
Jewelry brokers offer professional service for a fee. Think of a jewelry broker as a hired professional working for you in a very complex market, such as the jewelry industry. Make sure their loyalty belongs to you alone. Most jewelry brokers are very well trained in jewelry and jewelry. Jewelry brokers charge a percentage of 10% to 50% depending on the type of service provided. Brokers can help with a piece going to the upper auction house, or find a local dealer willing to pay the top dollar quickly. Some jewelry brokers also act as a dealer and redeem the right to an immediate transaction. Jewelry brokers are commonly found in large cities and include a search service for jewelry and diamonds.
Pawn shops and used dealers are another option for entry and sale. Most of the work on the evaluation of cash jewelry. The cash value of most jewelry with precious stones is a percentage of intrinsic value. The key to understanding this purchasing environment is percentage. Some dealers pay about 90% of the intrinsic value, while others pay only 33%. The only way to find the best price is to physically pick up jewelry in a row of stores. Then sell to the store that offers the best value.
Consignment offers incentive to a higher price when selling, but returning back. No one knows how long it will take or even if it will be sold. Shops that offer a product line are sold in the stores of elite jewelry stores. The type of jewelry you own dictates which store will try to sell your jewelry. If you have an excellent piece in excellent condition, elite terrain can provide excellent income.
Consignment usually consists of a contract for the amount that jewelry will be sold, and the percentage that will be stored in the store. Some contracts have a time limit and who is responsible if it is lost or damaged. You need to know the details of the contract in order to understand what will happen and what will not happen. Some stores will pay immediately, others will pay after a fixed time or when you call. Find out what happens if the store closes or moves. Many people lost their jewelry. Understand what a store pledge is and yours. Also, find out how the store is going to sell your jewelry. If they will advertise it or just let it sit in the window. Make frequent contacts to keep your jewelry in the minds of sellers.
Newspapers offer people the best chance to sell to a retail buyer. A classified buyer of purchases, in all likelihood, compares stores more than anyone else. They know the prices of your new jewelry and will pay a discount for used jewelry. Also understand that the prices mentioned in the article are rarely achieved and do not reveal the true market value. Several times jewelry is sold much less than advertised or never sold at all. But with some guarantees and deadlines, a classified ad is usually one of the highest prices sold for average jewelery.
A retail customer is the highest price you could get for your jewelry. A newspaper is one of the many ways to attract buyers for sale with your message. Public bulletin boards offer an inexpensive way to connect with people. Look in your community or in the workplace for bulletin boards. Online bulletin boards can also work if you find the right one. Clean work with friends and family can lead to what someone wants to buy. Creativity is a powerful tool for reaching the general public. Use your imagination and think about who will want to buy my jewel jewelry and lend a hand to them.
Warranties are important when selling jewelry to the public. First, NEVER, NEVER, NEVER, NEVER meet an unknown buyer in your home. Personal security and protection against robbery should be your first priority. If you do not have the opportunity to meet with a potential buyer in a public place, then do not sell your jewelry to the general public. Get to know a customer in a public place, such as a restaurant or shopping center. I offer the buyer's bank, because if they want to buy jewelry, they can go and get cash now and finish the deal. In addition, the bank should have some security if something worsens.
Fraud should be next on your mind. Cash is the best deal, checks of all kinds can be forged. Also keep in mind the switching of jewelry, scammers are looking for unsuspecting people.
Some other guarantees will notify someone of the time and place of your meeting. You can even tell them that you will call after the meeting, just to chat with someone. It is useful to have a mobile phone. If you have a pager, then it's a good idea to give this number in the ad. You get a callback number and they cannot find your home address. Also nice to go with someone else. I met people with another person standing in the background, just watching. Sometimes scammers work in teams, and someone who looks at the whole situation can see that it's not the right time to help you not to get it.
I would like to make one last moment: most of the world is filled with beautiful people, and everything should be beautiful. Trust your instincts. Be attentive and attentive. Take a chance, just do a little more about selling your jewelry.
Selling jewelry is not an everyday experience. Enjoy the adventure and learn new skills. Один очень позитивный побочный эффект от продажи ювелирных изделий - вы узнаете, как оценивать ювелирные изделия. Вы станете очень мудрым покупателем ювелирных изделий. Наслаждайся путешествием.
Даниэль Паризи
Алмазный и ювелирный брокер, геммолог
