Learn how to sell your jewelry for the best price and get insight into the jewelry buying process so you can maximize your return when selling jewelry in Miami, Fort Lauderdale, Pembroke Pines, Hollywood, Miramar, Coral Springs, Palm Beach, Plantation, Boca Raton, Deerfield Beach, Weston, Fort Meyers, Delray Beach, Wellington, Jupiter, Coconut Creek or any other South Florida City.
Gold Jewelry
Most Jewelry Buyers weight gold in pennyweights, not grams. This makes it difficult for customers to calculate exactly what percentage of their gold’s spot value, (Spot gold price) they are offering.
Gold jewelry comes in different purities. Purity represents the ratio of pure gold to non-gold alloy which the jewelry item contains. The following link includes a diagram showing the different metal purities and the stamps which represent them: gold stamps chart.
Knowing your gold jewelry’s weight and purity enables you to determine what its spot value is. This gives you a leg up when negotiating because you will know exactly what the buyer will receive when selling.
Antique Jewelry
Antique jewelry refers to jewelry which is at least 100 years old. Jewelry that is between 10-50 years old usually doesn’t have antique value and may simply be dated.
One way to determine if your diamond jewelry is antique is to assess the cutting style of its diamonds. Old European Cut is a common antique style. They possess less facets then a modern Round Brilliant and are often slightly off-round.
Estate Jewelry
If you have a large estate jewelry collection, make sure to request that the jewelry buyers with whom you meet break down their offers piece by piece. That way you can maximize your return by selling each item for the highest bid.
Diamond Jewelry
If your jewelry contains a diamond which is .50 carats or larger, you should make sure that the jewelry buyer with whom you meet is an experience gemologist. You can learn how diamond jewelry is valued by using our diamond information center.
Buyers may request to remove a 1/2 carat or larger diamond from its mounting in order to conduct an accurate grading. If they do not make this request, it can signify that their offer is so low, they don’t have to worry about any hidden inclusions or color characteristics.
If you diamond jewelry is GIA or AGS Certified, qualified buyers should have the ability to provide you with an offer based solely on the information contained in its certificate, without having to see the diamond beforehand.
Jewelry Buying Process
Qualified Jewelry buyers use universal methods to value the jewelry items you have to sell. Familiarizing yourself with this process beforehand will help you make a comfortable and informed decision when selling your jewelry.
Step 1:
Metal type is identified and tested for purity, usually through an acid test. Diamond authenticity may also need to be verified, if applicable.
Step 2:
Diamonds and other precious Gemstones are analyzed to determine their quality and approximate size.
Step 3:
Your jewelry piece is weighted and its metal value is determined.
Step 4:
The marketability of your jewelry is considered. A highly saleable piece will command a premium over one which is less saleable or must be scrapped.
Step 5:
An offer is presented. You should never feel any pressure to sell your jewelry. If a buyer pressures you, it is a sign that they are not very confident in the value of their offer.