These days, there are several ways to sell your unwanted jewelry to make a little extra money this month. Let’s say you inherit a nice piece of jewelry, but it’s not something you will wear and you are not sentimental. What are you going to do with it? You obviously want to get the most money you can, but how can you be sure you are getting the best deal? Let’s take a look.
Get it Appraised
The first step you take should be to get the piece appraised. Most appraisers will value it at insurance value. Be sure to tell them not to do this; you want resale value. The reason for this is that insurance value is often over the actual value. Resale value should give you an idea of what your piece is worth if you were to buy it at a shop. This is a good baseline since it tells you about what a shop will charge so you can base your negotiations on this.
Consignment
If you are not in a rush to sell your jewelry, then you can take it to a consignment shop. These shops will sell your item for you, and will usually work to get the best price they can. This is because they keep a percentage of the sale. This isn’t a bad deal since if you were to sell it outright to a shop they are going to give you less even if they are going to sell it for the same amount in most cases.
Gold and Diamond Buyers
There are several diamond buyers in Chicago that will buy your jewelry on the spot. You will usually not get as much as you would from a consignment shop or selling it yourself, but you will walk out with cash in hand. If you are in a tight spot and need money now this is one of the best ways to get it.
If you are looking for diamond buyers in Chicago look for Chicago Gold Gallery. You can learn more on their website at www.chicagogoldgallery.com.
