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Does anyone here know about jewelry?

S

SAWYER

Lifer
My wife has a ring that she has been thinking about selling for the past few years. She keeps it in a our safe because she is afraid to wear it and lose it. We had it appraised at a local jewelry store a few years ago at $18,100. Obviously it would not sell at that but where would be the best place to try and sell it?
 
You need to get it landmarked. I don't know the term. But you need to have someone professionally look at it and map all the flaws and whatnot. Last thing you need to do is take it somewhere and they take it in the back room and do a swap on you thinking that you are an idiot.

Get it mapped and tell people when you take it places that it is mapped.
 
It was an insurance appraisal that has the clarity, color etc. It wasn't just some guy looking at it and giving a guess.
 
highland145 said:
😀 It's Monday AM. My brain hasn't cranked up just yet. Try again after 11:00.
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Waidamuthafuckinminit...Are you implying your brain EVER cranks up?

Shens. We've never seen proof of that...NEVER!


smiley-face-laughing.gif
 
Get multiple paperwork proof of it's value and characteristics, and then sell it yourself. If it is worth $18k, you will make the most money by selling it directly, and not to a jewelry store. A consignment option might even work.

I have a HUGE star sapphire (my grandfather was a jeweler from Switzerland). I've never seen a star sapphire in real life, and those I've seen were tiny compared to this. First time I got it appraised at a jewelry store, the guy told me it was worth around $1,000 and he'd buy it if I wanted to sell. Second time when I got it appraised by a jeweler (not at a store), and told him I don't want to sell it, but just know the worth... he told me $4,000+.
 
SAWYER said:
It was an insurance appraisal that has the clarity, color etc. It wasn't just some guy looking at it and giving a guess.
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First, most chain jewelry stores are doing an appraisal based on jewelry store replacement costs. These are usually VERY inflated. They are totally REAL appraisals though and can be useful for insurance purposes. However; most insurance policies require special riders and independent appraisals to begin with.

A true independent appraisal may or may not be accurate. Having a piece sent out to GIA is probably the best bet with AGA and EGL being slightly less preferred.

Then one has to find the buyer. If one is selling for the market value, it should be easy to sell more or less. Too many ask way above pricescope.com pricing.

Also most think 'who would want a used diamond'....most diamonds have been pre-owned. It's very rare to be the first owner of a diamond much of the time with anything of decent value/size.

I have learned quite a bit about especially diamonds over the years.
 
JamesV said:
Get multiple paperwork proof of it's value and characteristics, and then sell it yourself. If it is worth $18k, you will make the most money by selling it directly, and not to a jewelry store. A consignment option might even work.

I have a HUGE star sapphire (my grandfather was a jeweler from Switzerland). I've never seen a star sapphire in real life, and those I've seen were tiny compared to this. First time I got it appraised at a jewelry store, the guy told me it was worth around $1,000 and he'd buy it if I wanted to sell. Second time when I got it appraised by a jeweler (not at a store), and told him I don't want to sell it, but just know the worth... he told me $4,000+.
Click to expand...

Definitely beware of jewelers, they are out to make a profit...that's how they stay in business. It's no different than a car salesman trying to offer 50% of black book right off the bat to see if the seller takes it.

Also when selling gold to a store, always walk away for at least the night unless you totally trust them. Our local newspaper took the same gold to several places and each gave drastically different pricing. The low ball places actually called the next day with much higher offers.

I deal with a place I trust and was also the store that offered the highest and proper amount when that newspaper reporter secret shopped them.
 
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