Selling off old jewelry that you no longer want is a great way to make a little money and room for new items that you do want. Before selling your jewelry, though, it’s important to know a bit about this market and how selling jewelry works. Here are a few things you should know when looking for places to sell jewelry.

Know What You Have

You need to be an expert on your items before you attempt to sell them. If you don’t know what you have, then you might not get a good price. For instance, items like solitaire diamond rings can really vary in price. According to Markman’s Diamonds, the solitaire style has been an archetypal ring since 1886. It features one diamond set on an elegant band. It's important to know the estimated value of your jewelry before taking it to a buyer. You don't want to fall victim to a lowball offer. Therefore, when you're searching for places to sell jewelry, you may want to research the companies to find an honest and dependable one.

Know the Worth of Your Items in the Current Market

In addition to knowing what you have, it’s also your responsibility to know what your items are currently worth. Values can change depending on a variety of economic factors, so don’t depend on the jewelry dealer to provide you with the only estimate. Be sure to get your values from another source and use that information to help make the sale.

Know the Market

It also pays off for you to learn a bit about the market and how it works. For instance, attempting to sell jewelry quickly will often result in a lower price. You’ll also discover that you’ll be limited on where to sell, as many jewelers want to conduct a thorough assessment before purchase.

Know What’s Realistic

You also need to set realistic goals for your jewelry sale. Although you’ll want to get as much as possible for your items, you do need to be realistic and understand that this is resold jewelry. It won’t bring in the same prices for what it’s selling for in the stores.

Know the Dealers

You should do some research on the different dealers you’re considering working with as well. You want to deal with individuals who are honest and have a good reputation in your community. Ask around and read reviews before selling.

These are just a few steps that can help you make the best jewelry sale. If you’re looking for reliable places to sell jewelry in your area, please contact Beverly Hills Jewelry Buyers today. With over 60 years in business, we are here as your dependable jewelry purchaser.