Are You Getting the Right Price for Your Jewelry?
Sometimes, there is no other recourse than to sell your jewelry. When this happens, you need to know that you’re being offered the right price for your item, if not the best. If you have an impressive collection of jewelry or Rolex watches, you can use them to keep yourself afloat during financially trying times. What are some of the things you need to consider when selling your jewelry?
The Right Time to Sell
Like stocks and other products, jewelry prices fluctuate depending on the market. If there is an increase in demand for these goods within international markets like India or China, then you can expect your valuables to fetch high rates. Ask around and do your research regarding the current demand for your gold necklace or Rolex. This will help you time when to sell.
Go to an Appraiser
You need to verify the authenticity of your jewelry, especially if it’s an heirloom. You don’t want to put expectations on the monetary value of a ring or bracelet only to find out that it’s not genuine at all. Knowing what you have can also give you a ballpark of what to expect when selling it to pawnshops.
Choose Your Client
Do you want the best price, or do you want the fastest sale? Sometimes, it boils down to one or the other. Your item can fetch a better price, but require a long period of weight, or you can get money now and take a pay cut. It depends on the urgency of your situation. You can get a better price if you time your sale well and there is no dire need for the money you stand to earn.
When you need to sell something as precious as a diamond ring or a Rolex watch, you need to know that you’re getting the fair amount available on the market. Find a jeweler that will pay you what you are owed instead of selling your valuables to the first pawnshop you encounter.