Selling Your Fine Jewelry During the Holidays

The holidays are the most wonderful time of the year. However, the expenses that come with celebrating the holidays can, at times, dampen holiday cheer. Throughout November and December, the cost of holiday travel, gifts, and food can add up, making you wish you had just a little more breathing room in your budget. If you’re wishing you had more spending money this holiday season, there’s an easy (yet often overlooked) remedy: selling your unwanted fine jewelry.

There are many reasons for wanting to sell a piece of fine jewelry. Perhaps you no longer enjoy wearing it, or perhaps you inherited a fine piece that doesn’t suit your personal taste. Whatever your reason, if you don’t enjoy wearing or owning a piece of fine jewelry, selling your jewelry is an excellent way to put its monetary value toward something else you may enjoy more. For example, you could use the value of your jewelry to fund a holiday trip, to purchase a special gift for a loved one, or to buy yourself something lovely this holiday season.

If you’re considering selling your jewelry , you may be wondering the best way to do so. Below, we’ve outlined three tips for selling your fine jewelry. These tips will help you gain a better understanding of the worth of your jewelry, the selling process, and what you should look for in a buyer.

When you sell your jewelry, a buyer will evaluate it to determine their offer amount. So, you do not need to attempt to figure out the exact market value of your jewelry before you sell it. However, it is wise to get a general idea of the worth of your jewelry before you sell it, since this will ensure that you feel more educated and confident at your selling appointment.

A buyer will consider four factors when evaluating your jewelry:

The value of its raw materials. The value of a piece of jewelry’s raw materials will always impact its overall worth. Accordingly, buyers will always evaluate the value of a piece’s raw materials, such as its precious metal or gemstones, when determining their offer.

An item’s condition and how sellable it is. Both the condition of your jewelry and how sellable it is in today’s market will affect its value. If a piece is in good or excellent condition, rather than in poor condition, this has a positive effect on its value. Then, how sellable it is will also affect its value. A buyer will consider whether or not a particular style of jewelry is currently in demand in today’s market. High market demand increases value, while little to no demand decreases value.

If an item has historical value. Not all jewelry has historical value. However, if your jewelry does, this can increase its monetary value. If you are interested in selling a piece that you know has historical value, we generally recommend selling to a buyer that specializes in buying vintage or antique jewelry, since they will have a better understanding of potential historical value.

If a piece is from a well known or collectable brand or designer. Certain brands are more well known or collectable, which makes them more highly desired and, therefore, more valuable. Some examples of well known or collectable jewelry brands and designers include Cartier, Bulgari, Chanel, Harry Winston, Tiffany & Co., and Van Cleef & Arpels.

Before you have your jewelry evaluated by a buyer, we recommend that you consider the above four factors and how they may affect the value of the jewelry you wish to sell. Doing so will give you a better understanding of your jewelry’s value, allowing you to be more confident and knowledgable as you move into the selling process.

When selling your fine jewelry, it is important that you choose your buyer carefully. We always recommend selling your jewelry in person to a specialist jewelry buyer, since buyers who specialize in purchasing fine jewelry will have a better understanding of its worth. Therefore, they tend to offer more fair prices that reflect the true market value of fine jewelry pieces.

When you search for a specialist jewelry buyer, you will want to find one that is reputable and trustworthy. To find a reputable jewelry buyer, start by searching online for jewelry buyers in your area. Then, inspect their accreditations and reviews. After you have found a few different jewelry buyers that seem reputable, make a selling appointment at several of them. Having your jewelry evaluated by a few different buyers can give you an idea of what a qualified buyer will pay for your jewelry. Then, to decide who you will sell to, we suggest that you go with your gut instinct and sell to the buyer you feel best about.

If you’re looking for a place to sell your jewelry in the Miami area, where we are located, we do still recommend that you follow this process. Do your research about where you can sell jewelry in Miami and search for the best jewelry buyers near you. Inspect your options and vet each buyer by looking at their reviews. Next, go to at least two jewelry buyers so you have an idea of what qualified buyers will pay for your jewelry. Then, visit Jackie Abraham Jewelers to have your jewelry evaluated at a selling appointment with us.

Jackie Abraham Jewelers specializes in buying and selling fine and estate jewelry. We offer highly competitive prices for fine jewelry that reflects the fair market value of each piece. We also treat each customer with the greatest of care in order to provide an exceptional customer experience. While we believe we are the best place to sell your jewelry in the Miami area, we still recommend that you have your jewelry evaluated by more than one jewelry buyer so you can decide who you would like to sell to for yourself. To learn more about selling your jewelry to Jackie Abraham Jewelers, click here.

In this last section, we want to talk a bit about the importance of your experience during the selling process. We recommend that you only do business with a buyer that you feel completely comfortable selling to. Sometimes, a person may visit a jewelry buyer and find that they have a bad feeling about selling to them. They may feel unhappy with an experience because a buyer is pressuring them to sell, because they think the offer they received is far from what it should be, or because they simply have an “off” feeling and they cannot pinpoint why. We would suggest that if you ever have a bad feeling about selling to someone, no matter the reason, trust your instincts and take your business elsewhere.

Any legitimate buyer will completely understand that you are under no obligation to sell after getting an offer, so know that you can decline an offer for any reason. When you sell your jewelry, you want to feel happy with both the amount you sell it for and your overall experience. So if for any reason you don’t feeling happy with the idea of taking a particular offer or selling to a particular buyer, find another buyer to do business with.