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4 Tips for Selling Your Diamond or Estate Jewelry
Need to unravel the mysteries of diamond selling or estate selling? Here are four tips to consider before hocking your jewelry.
1. KNOW WHAT YOU ARE SELLING
Your grandmother told you her diamond ring was valuable but that doesn’t make it an actual fact. The stones may not even be diamonds. So, to get a correct assessment of the quality and authenticity of your jewelry it’s best to get a qualified appraiser to evaluate your jewelry first. So, before you rush to market, get an accurate picture of its quality and authenticity. You will feel more confident knowing the jewelry or estate’s condition and be aware of the positive and negative attributes that could affect its value.
2. HAVE A REALISTIC PRICE IN MIND
The fastest way to be disappointed is to have unrealistic price expectations. Ask the appraiser how much the stone might be worth in specific markets and circumstances. A good appraiser can help you understand the potential resale value of your diamond by following current market trends
3. DETERMINE YOUR SELLING OPTIONS
There are really only two options for resellers of jewelry and estates: sell to public or sell to the jewelry industry. Scheduling an appointment with a trusted buyer is your first step. Remember this appointment isn’t always about getting the top price but about how quickly you can settle the deal.
The advantage of selling to an independent jeweler that does appraisals or is a certified gemologist is that you can sell quickly and safely with little fuss. So, choose a company that is known for buying and selling estates and has an appraiser or gemologist on staff. You might also want to consider a company that is reputable by asking how they are dedicated to ethical business practices. Most jewelry companies that have been in business for generations are deemed reputable. They wouldn’t be in business if they conducted shady business practices in their history.
4. BE EMOTIONALLY READY TO SELL
A potential buyer isn’t emotionally attached to your jewelry or estate pieces. Because a lot of jewelry often symbolizing passion or love, it can be harder to part with than any other piece of jewelry. Leave emotions out of selling since sentimental value may raise the price of the diamond in your eyes but not true from the buyer’s position. Selling before you are ready can bring lasting regrets.
Don’t forget these four tips when selling your jewelry or estate pieces: know what you are selling, have a realistic price in mind, determine your selling options and be emotionally ready to sell. To discuss all these tips or to sell your jewelry, schedule your appointment with AmRhein’s Fine Jewelry. We have certified gemologists on staff to professionally evaluate your jewelry and offer you the best market price. AmRhein’s Fine Jewelry is registered with the State of Virginia as a Precious Metals Dealer and our scales are calibrated by the state. They use the state-of-the-art testing to analyze your metals that ensures safety of your precious heirlooms.
Buying of selling diamonds, jewelry, or estate pieces, contact AmRhein’s Fine Jewelry, Roanoke Valley’s most trusted jeweler, at 2740 Ogden Road, Roanoke VA or call (540) 989-7100.
In our next blog, we will be discussing the three major problems with engagement ring buying and how they can be solved.