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Selling Jewelry: What you Need to Know

It may seem that selling your jewelry would be a straightforward transaction. You’ve had it appraised so you should be able to advertise and sell for that dollar amount, right? Not necessarily.

These days there are online jewelry retailers, brick and mortar retailers, pawn shops and other used jewelry stores to compete with. Furthermore, when selling your jewelry personally people expect a better deal, because, unlike retailers and stores, you have no employees to support or other business expenses to justify a mark up. You’re just a person selling jewelry and the reality is that your jewelry is only worth what consumers are willing to pay you for it.

The process can be time consuming and frustrating. If straightforward is what you are looking for, your best bet may be to bring your jewelry to a pawn shop. A New York City pawnshop that specializes in fine jewelry, like Modell Collateral Loans, will see your diamond and gold jewelry as high demand.

Since we specialize in your market, we may be able to offer you a higher price than other pawnshops. Our customer base is looking for what you have to sell. The entire process can be complete in an hour or less. You simply bring in your fine jewelry, agree to a sale price, fill out a little paperwork and you are on your way with cash in hand.