Jewelry is packed with an emotional connection that makes it priceless to its wearer. However, when you purchase a piece of jewelry, you’ll want to be sure that the jewelry will be able to retain its monetary value. Whether it’s a beautiful heirloom necklace or a custom made engagement ring, there are certain things to look for when jewelry shopping to ensure that your jewelry holds its value for the long-term.
Jewelry is a great investment for a few distinct reasons. First off, it’s generally small and easier to store or move. Just for simplicity alone, many people have chosen to invest in fine jewelry.
Secondly, jewelry can often be sold or pawned faster than other investments, which means it’s very liquid. Here are a few best practices to keep in mind when selling your fine jewelry:
- Know your piece – Just because someone told you that you have a unique piece doesn’t mean it’s true. Find someone who can appraise the jewelry accurately. Even if you know it’s authentic, having a professional jeweler assess your piece will give you an idea of the condition of your piece.
- Price them correctly – Set realistic prices for your jewelry by having an appraiser inspect it. It’s also good to compare your piece with those which are already in the market to give you an idea of what’s a competitive price.
- Know your selling options – When selling precious stones like diamonds, you can go two ways. You can sell to an individual buyer or to a jeweler. When you sell to an individual, you need to negotiate and market the item correctly. On the other hand, a jeweler will be able to take it off your hand quickly, but you’re probably not going to get top dollar for it.
Times are hard and the economy is not at its best. If you’ve been wondering if your fine jewelry is worth the investment, please contact our jewelry store in Redwood City today and we’ll be happy to help you.