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Kasim Flowers
Kasim Flowers

BUY AND SELL JEWELRY



Knowing how to buy and sell jewelry can be useful in a variety of circumstances. Whether you are starting a jewelry collection or looking to raise some money by selling some old or unwanted pieces, buying and selling jewelry can be both an interesting and a rewarding experience.




BUY AND SELL JEWELRY



The buying and selling of jewelry needn't be just for professionals. There are many occasions when having to buy and sell jewelry, such as rings, pendants and brooches, might be necessary, and knowing the procedures to follow can help ensure that there's a smooth transaction regardless of the reason.


Many people collect jewelry; this can be as simple as someone collecting interesting costume jewelry through to the more specialized world of the collection of vintage or antique jewelry. When starting out with a collection, people begin with quite a broad brief out of necessity. It is only when the collection starts to grow that collectors are able to become more discerning, and this might involve selling some of their original collection to invest in new items. Collectors will buy and sell jewelry through specialist fairs, trade magazines, dedicated jewelry retailers, or auction websites.


There are times in life where you find that you have jewelry that you no longer require. This might be jewelry from a failed marriage or relationship, or jewelry that has been bequeathed by a departed relative. Selling jewelry in these circumstances can be a stressful and upsetting experience therefore finding a dealer who is sympathetic is important. Many jewelers with long experiences in the trade will be familiar with the emotional turmoil experienced by people in this situation and will go out of their way to help make the process easy.


Another common reason why people may sell and buy jewelry is to raise money. Perhaps an expensive engagement ring is sold and a cheaper one purchased to help finance a special trip or new car. Making wise selling and buying decisions is necessary to help ensure that the maximum capital is generated from the transactions.


Creating income from purchasing and re-selling costume or fine jewelry from estate sales, auctions, and other venues can be both a creative outlet and a money-making opportunity for individuals with an eye for beauty and a nose for business. The rise of online marketplaces (like Etsy, Mercari, Depop, and Facebook Marketplace) where individual sellers can share their goods has really bolstered the business of selling vintage and secondhand accessories.


Use a reputable and experienced jeweler or auction house to appraise the jewelry. This will help to give you an idea of its value. Ask around and ask for other people's experiences, this can help establish the credentials of the jeweler or auctioneer.


Don't sell family or sentimental jewelry while you are emotionally upset. This can cloud your judgment and leave you open to being manipulated to make decisions that perhaps are not in your best interest.


Don't forget to do your homework! With the advent of the internet it has never been easier to research the value of items. This can be a useful complement to a professional appraisal and is particularly useful with unusual pieces of jewelry. Given your knowledge of the history of an item of jewelry, you ought to be able to compare the value with other similar pieces. Remember that the jeweler will take a commission and therefore the prices you see items being sold at are not what you will receive; however, it will certainly give you a good indication as to your piece's fair market value.


Whether you're a collector looking to expand your collection, or are perhaps looking for something special for yourself, buying secondhand jewelry can be an exciting prospect. Here are a few key tips that'll help you successfully buy second hand jewelry.


Buy from a specialist jeweler or auctioneer. Although general antique shops or secondhand stores may sell jewelry, a professional jeweler will be able to give you more information about the piece's content and value.


Consider buying online. Online auctions such as eBay open up a worldwide market. It is possible to view items for sale from many countries of the world and this can present exciting options. Before buying online, however, do read the vendor's feedback and ensure that you are confident about the purchase before proceeding. If something is marketed as gold for instance, you need to check that the seller is giving you the right authentication information to be sure because you should always be getting the full value for your money.


Research is a vital element to any sale! As important as it is when selling items to do some research before embarking on the transaction, it is equally important when buying jewelry. Some basic research will give you some good guidelines when looking to buy the perfect piece and will help ensure that do your emotions don't encourage an unwise investment.


It's easy to get caught up in the excitement of a potential purchase or sale, but you shouldn't let that excitement cloud your judgement. Before you buy or sell anything, make sure that you have a plan for what you're looking for, where you're going to find it/sell it, and the costs of either choice. Any successful collector or entrepreneur knows that at the center of a good transaction is an educated buyer/seller, and keeping yourself informed will ensure that you make the most advantageous decisions for yourself and your pieces.


Unfortunately, the emotional value you assign to your jewelry often has little to do with the current fair market price of your piece. Many factors go into determining the current value of a piece of jewelry, including any wear and tear, needed repairs and quality of the gems and metals.


Think through how quickly you want to sell. If you want an immediate sale (i.e. cash in hand today), your options will be limited on where you can sell, and how much cash someone might be willing to pay immediately. Pawn shops can help you with an immediate sale, but you will want to visit several to get a good idea of the range of what these brokers will pay for a piece like yours.


If you are able to wait a bit, researching some other possibilities could net you a better price for your jewelry, or give you some other options, like re-setting stones from your jewelry into a new piece.


The American Gem Society (AGS) is a nonprofit trade association of fine jewelry professionals dedicated to setting, maintaining and promoting the highest standards of ethical conduct and professional behavior through education, accreditation, recertification of its membership, gemological standards, and gemological research.


The Society is committed to providing educational products to inform and protect the consumer and to contributing to the betterment of the trade by creating industry standards to protect the jewelry-buying public and the fine jewelry industry as a whole.


Which is more fun, getting a root canal, paying your taxes, or selling your jewelry? Not much of a choice, but following is some knowledge that can take the frustration out of selling your jewelry. And answer the hard questions like: Will I receive a fair price for my jewelry? Or did I pay too much?


Estate is a general term used to describe previously owned. That fact is one of the determining factors. Preowned jewelry by in large is not as valuable as new. Some people will never buy a previous owned engagement set for superstitious reasons. I have had clients who could have saved hundreds of dollars if they would have bought a preowned ring, but refused.


Here are some cleaning tips. Never clean gold and gems 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 certain if they well not hurt the gems in your jewelry. Use a mild soap with warm water and a soft toothbrush, then rinse thoroughly for most jewelry. A hard toothbrush and toothpaste or toothpowder will scratch gold and hurt some gems. The best cleaning tip is to know for certain the best cleaners to use on your jewelry and do it carefully.


The jewelry industry has been recycling for millennia. In fact some of the gold in your jewelry could have been in use since the time of Jesus. Damaged beyond repair jewelry is bought at its intrinsic worth. The intrinsic value is the metal (gold, platinum, silver) price plus any gems. The refining process used to recover the metal utilizes strong chemicals and has strict environmental regulations which impact the price given for metal brought to be recycled.


If you would like to know how to calculate the metal price and do the math read on, if not skip to next paragraph. The formula used to calculate the price is the metal price(the daily spot price) multiplied by purity(the true noble metal content) times weight(can be in ounces, pennyweights or grams) . The purity is the karat of gold or percentage of noble metal (gold, platinum, silver). 24 karat is pure. 10 karat is 10/24 or .410 gold and the balance of weight is the alloys. 14 karat is 14/24 or .583 gold and 18 karat is 18/24 or .750 gold. Platinum most of the time is 90% pure and 10% alloy. Silver jewelry is usually sterling, which is .925 pure. The three units of weight used with precious metals are troy ounces, pennyweights, and grams. The troy ounce is equal to 20 pennyweights (DWT) or 31.15 grams (learn more about measure precious metal weights). So here is an example; say the spot price of gold is $300 and a 14K ring weighing 10 grams would work out like this. $300 (spot price) X .583 (the fineness of gold) equals $174.90 per ounce divided by 31.15 (troy ounce to gram) equals $5.63 per gram times our ring of 10 grams equals $56.30. Just remember to subtract some refining cost and profit for the dealer and you can find out the intrinsic metal value for your jewelry. 041b061a72


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