The designer necklace you were bought that you just don’t love? That luxury watch you were gifted that’s just not you? You’re not alone. Many of us receive presents from friends, partners, colleagues and...
How to Sell Inherited JewelryFebruary 1, 2016 - Jewelry Articles
Selling inherited jewelry can be an overwhelming and complicated process. Not only will you need to work through any lingering emotions attached to the piece and the person who left it to you, but you will need to figure out how selling procedures work and where to start. We regularly deal with customers in this position and want to offer some assistance for those looking to sell inherited jewelry to make the process less daunting. As a result, we have put together this simple guide for selling inherited jewelry online.
Sell inherited jewelry : steps to follow
- Gather information on your jewelry
- What if my jewelry isn’t designer?
- Research jewelry buyers
- Selling process
1. Gather information on your jewelry
The first step is to establish exactly what you have. It helps to have paperwork for your jewelry to determine the authenticity of the piece and its characteristics. If you do, you can begin the process of searching for a reputable buyer. The difficulty, however, with the majority of inherited jewelry is that this will not be the case.
If you cannot find any paperwork, there is a simple solution. We suggest consulting a local jeweler who will be able to verbally appraise your items. Some of the key questions to be asked include:
- The condition of the jewelry
- What metal the jewelry is made of (gold/silver/platinum etc.)
- The weight of the metal
- What stones are in the jewelry
- The carat weight of the stones
- Clarity, color and cut of the stones
- Is it a designer piece?
2. What If My Jewelry Isn’t Designer?
The lack of a designer label is never a barrier to selling your old jewelry. In fact, you can sell jewelry that doesn’t have a designer attachment just as easily as any designer piece. The important thing is to establish exactly what you have.
3. Research jewelry buyers
Once you have found out as much information as you can on the item, we recommend researching diamond and jewelry buyers. Look for established and reputable companies accredited by the Better Business Bureau. Be sure to also check out their online reviews and the entire process.
Online diamond and jewelry buyers will be in the best position to offer you the true value of your items. There are significant drawbacks with other alternatives:
- Pawnbrokers lack the necessary expertise to make competent offers.
- Jewelers offer consignment services but these are lengthy procedures.
- Listing your items to sell on EBay or an equivalent also presents its own set of problems.
Selling online to specialized diamond and jewelry buyers is the fastest way to get paid a competitive price for your inherited jewelry.
4. Selling Process
At WP Diamonds, we regularly help customers sell items of jewelry that they have inherited. Our process is simple, safe and fast. For those who do not have any information, we are happy to schedule an appointment with our experts to examine your items and make a cash offer. Whether you are located in Baltimore or Des Moines, we can get you paid in as little as 24 hours.
If you are already in possession of the required information:
- Fill out our online form and we will be in touch with an initial price range.
- We can then arrange an in person appointment or for you to send your items (free of charge and fully insured) in to our valuation headquarter.