Selling a Ring to a Jewelry Store, What You Need to Know

December 2, 2017
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Welcome back to the Stewart Kuper Jewelers blog! We hope your holidays are going great! Last time on the blog we spoke with our resident watch guy to get some questions answered. We hope that was a valuable, informative experience for you and well worth the time as that’s what the blog is here for! We have another topic we see questions for regularly: the ins and outs of selling a ring to a jewelry store. What to know and expect when selling your jewelry. There are dozens of reasons why a person may wish to sell a piece of their jewelry, and that’s not our focus of this piece. It’s a hot enough topic and Forbes is even covering it.

When taking a ring (or any piece of jewelry for that matter) to a jeweler to sell, there are a few things you really need to keep in mind to ensure the process goes smoothly. That means getting you a fair price without hassle.

  1. Know the Item

A huge part of selling any piece of jewelry is knowing exactly what it is you have. You wouldn’t try to sell a car to a boat dealership, right? You want to know what materials and quality the jewelry and/or gems are actually in.

  1. Price Accordingly

You are looking to leave the jewelers with a pocket full of cash, not disappointment. To avoid that you need to set your expectations accordingly. Go through an appraisal process with a professional. Remember the various factors that affect pricing. Condition is obviously a big one. Broken or damaged pieces will require restoration work and that might not be worth the investment. If your jewelry needs repair, keep in mind this is definitely not an area where doing it yourself is an option. It is much more likely that you will be doing more harm than good, so leave it to the professionals.

When it comes to selling your jewelry to a local store, or selling online to the jewelry industry, local will get you the fastest sale possible. If you try to take your jewelry  and resell it online yourself or to another buyer keep in mind that you will be waiting for the right buyer to come along to offer you the right price and that wait may not be worth your while.

A topic not discussed often but bears mentioning is the other real concern when it comes to selling rings or jewelry. It is about whether or not you are ready to sell the pieces. Jewelry can be a prized possession, often tied to specific people, memories, and relationships. While getting some money now might ease financial burdens, before taking the ring or diamond to a store, ensure you are ready to part with it. Not only will you be sure you won’t regret the sale, negotiations will go much smoother.

If you are considering selling a ring to a jewelry store, it is imperative that you do a little bit of homework first (which, if you found this blog, you are clearly already on top of!) to make sure the process is easy, fast, and rewarding financially as well. If you are looking for a jeweler to sell to, give us a call at Stewart Kuper Jewelers, and we can work together to get you the best value for your unwanted rings, diamonds, jewelry or gold.