Things You Need to Remember When Selling Fine Jewelry
♫ Monday, July 19th, 2010Which gives you more pain – paying your taxes, visiting the dentist for a long overdue root canal treatment or selling fine jewelry? Yes, some things in life are painful whichever way you look at it. That said, if you are thinking of selling jewelry, there is a silver lining. This could be the best time to sell such items. For one thing, the price of precious metals and stones is at an all-time high. Besides, many pieces of fine jewelry are fetching a premium because of a number of qualities like fine craftsmanship, rarity and antiquity. So, here are some tips to help you sell your fine jewelry at a premium.
When buying old jewelry, you need to be aware of one inescapable fact: old jewelry generally gets lesser money than new. This is because most buyers prefer to buy new. So, it is only natural that pre-owned jewelry undergo some amount of depreciation. However, it is also true that certain pre-owned pieces become more valuable as time goes by. Therefore, a piece that has gone completely out of fashion may have little value other than the value of the metal and stones. On the other hand, certain styles are so rare that they may acquire the status of antique pieces. If your fine old jewelry gets the ‘antique’ tag, they can fetch you a few hundred or even a few thousand dollars more.
Clean your jewelry before getting it appraised. If you do not know how to clean it, get a professional to do it for you. It is well worth the investment.
Calculating the price of gem stones is a little different from calculating the price of precious metals. A lot depends on the condition of the stones. Natural stones are costlier than synthetic stones. Damaged stones may be worthless. However, small scratches may be removed by polishing the stone. Keep these factors in mind when you get ready to sell old jewelry whether they contain gold, platinum or precious stones in order to get the best price for your old jewelry.






