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Where and how to sell jewellery with precious stones?
Jewellery with precious stones is valuable both sentimentally and economically. If you want to sell them, it's important that you find a simple and trustworthy way to do so without paying a crazy commission. Selling jewellery with precious stones may seem like a daunting task, but with the right information you can maximise your gains while ensuring a secure transaction. In this article, we take a look at the different options you have for sell your precious jewellery and then we explain why weprecious is the best option.
Local jewellers
Many jewellers buy second-hand jewellery, either to resell them directlyor for rand resell them with a profit margin. In this case, jewellers often offer a price lower than the market value, as they have to resell the jewellery with a profit margin. This difference between the purchase price and the resale price can considerably reduce the amount you receive.
Jewellers can also choose to melt down the precious metals in the jewellery purchased to create new pieces. So selling your jewellery with precious stones to local jewellers does not guarantee that your jewellery will remain intact, which can be disturbing for a seller, particularly if it has sentimental value.
In addition, local jewellers may also have a limited expertise in the valuation of precious stones, especially if they do not have qualified gemologists. This can lead to a undervaluing your jewellery. Finally, as local competition is limited, it is difficult to compare offers from several jewellery stores without wasting a lot of time and effort. This risks making the sales process less efficient and potentially less lucrative.
Auction houses
Auction houses, such as Sotheby's or Christie'sare viable options for selling jewellery with precious stones. Nonetheless, there are a number of options, commission charges can be high. There is also uncertainty about the final sale price, as the amount obtained depends on the bids and the interest of the buyers present at the sale. This unpredictability can be stressful and disappointing if the jewellery does not sell for the expected price.
Also, sales lead times can be longThis is because you have to wait for the auction house to organise a suitable session for the precious jewellery, which can take several months.
Finally, there are additional insurance and transport costs of the jewellery to the auction house, increasing expenses even before the sale takes place. These factors combine to make auction houses a potentially less advantageous option for some sellers of precious jewellery.
Sell your jewellery with precious stones with weprecious
Discover our exclusive selection of authenticated second-hand jewellery:
Tiffany & Co
Tiffany & Co Clover Key Pendant
Cartier
Juste un Clou Classic Cartier Bracelet
Cartier
Love Cartier bracelet
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