Back in the days, selling jewellery was not a complicated procedure as most jewelers would charge about the same amount for your items. However, nowadays, the retail environment has changed significantly. Traditional jewelers can be seen competing against online and wholesale jewellery dealers. This level of competition has created a huge price spread and if you do everything right, you might be able to get a really good deal for your merchandise.
It is important to understand that your jewellery deprecates as soon as it leaves the showroom floor. This means that you will certainly not get what you actually paid for the item. Your jewellery will be worth what others are willing to pay for it. Now in order to realize the most for your items, it is essential to find the right person to sell your jewellery to. And it takes time to find that person; as a result, a quick or immediate sale usually means less money.
When it comes to selling jewellery, there are two primary options: immediate sales and timed sales.
1. Immediate Sales
An immediate sale of your jewellery will eventually be to someone who is ready to make an offer. They can be jewellery re-sellers or brokers. A major drawback of this type of sales is that you will receive less money.
For immediate sales, you can contact pawnshops. They have the money and are will be ready to purchase your jewellery on spot. They will also be willing to loan you the money by keeping your jewellery as collateral. So, if you want cash on an urgent basis and you do not wish to part with your jewellery, then a pawn can be an ideal choice for you.
Apart from pawnshops, you can also try selling your jewellery to jewelers. They might be able to give you a better deal than a pawn shop, but you should keep in mind that not many jewelers buy back their merchandise.
2. Timed Sales
Timed sales will give you enough time to explore your options so that you get the best deal. You should begin your jewellery selling process by asking your acquaintances. Your friends and family are the ones who see you wear your jewellery. This is why they can be excellent potential customers. So, you must wear your jewellery at different gatherings and become a jewellery salesperson.
You can always use the internet or local newspaper to advertise your jewellery in order to connect to a potential buyer. With platforms such as ‘E-bay,’ you now have a global audience. But you should keep in mind that this is a time-consuming process and there is no guarantee that you will find the right buyer for your jewellery.
Bottom line
It does not matter if you choose immediate or timed sales, you must know what you are selling. You must make sure that you have not misrepresented your item by giving false assumptions. Similarly, you must make sure that you are not giving away your jewellery too cheaply.
My Scrap Jewellery is the UK’s only independent gold testing & selling service. It provides assurance and protection to the sellers. For reliable and stress-free jewellery valuation and selling service, only contact them. Happy selling!
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