Since online marketplaces and online auction sites have become increasingly popular, the options for selling your jewelry are many and it is not always easy to decide which path is best for you. If you are trying to find out where to sell jewelry online, this will guide you in the right direction to make your sale.
Where To Sell Jewelry Online?
But which is the best option for you? Below we outline the pros and cons of each jewelry selling option:
1. Sell Privately
The first option is to make a private sale, which would consist of selling your jewelry to another member of the public as opposed to a specialist or a trade buyer. This would usually entail selling to a contact who is interested in your item or by selling your jewelry online through an online auction marketplace such as eBay or Craigslist.
Although this is a quick and easy way to sell your jewelry, these sites do not strictly specialize in selling jewelry. The issue with this is that you may end up underselling your item. Either because:
- There may be no comparable items online in order to make a correct comparison
- Because they may tactfully underbid or underpay when buying from a member of the public with no jewelry expertise.
It can also take a considerable amount of time when selling in this way.
Note: Although selling jewelry online can be safe, selling more valuable items on sites such as eBay or Craigslist can be risky. Find out the safety rules to follow when selling on similar websites here.
A good option if: You already know how much your item is worth, are not in a rush and a trustworthy buyer is interested.
2. Scrap
The second way is to scrap your jewelry. But before making this decision, you need to estimate whether your jewelry is worth more than scrap. For example: designer jewelry’s value is worth more than scrap. The brand and the popularity of that style add value.
A good option if: Your jewelry is not designer and not rare.
3. Pawn Shops
Another method is to pawn your jewelry, which is an alternative to outright selling, as you can hand over your jewelry to a pawnbroker in exchange for a loan. You may then retrieve your item once the loan has been paid off. However, there will be substantial interest that you would need to pay on top of the loan.
A good option if: You need funds now but would like to retrieve your item at a later date. You must be sure to be able to make payments on time, however.
4. Auction
You may, on the other hand, decide to auction your jewelry at an auction house. This is a great option for ensuring you sell to specialists.
The only downside is that it tends to be a long process. Especially as these auctions do not occur frequently. And you may have to travel a significant distance to attend. Do remember that there is no guarantee of sale and that the auction house will also be taking a percentage of the final sale price.
A good option if: You are looking for a memorable selling experience and are not in any rush.
5. The Diamond District In New York City
Located in NYC on 47th street is the hustle and bustle of the famed Diamond District. If you are looking to sell jewelry in NYC, this can seem like a good option. However, this is a high pressure environment. If you are not a diamond expert, you may feel overwhelmed by the experience and lack the expertise to know when you are being offered a fair or unfair price.
6. Expert Jewelry Buyers
The final option is to sell jewelry to expert buyers. Whether you are looking to sell online or in person, at myGemma, we buy your diamonds, diamond jewelry, designer jewelry and luxury watches with absolutely no hidden costs or fees involved.
You can either make an appointment to visit us in person or send us your item through our free, insured and secure service. Once an expert has provided you with a competitive offer, you will receive your money in as little as 24 hours. Fill in theonline formtoday to receive your estimate.
A good option if: You would like to safely and quickly sell your jewelry for the best possible price.
Where Is The Best Place To Sell Jewelry?
The best way to sell jewelry is to the experts. As professional jewelry buyers and GIA trained gemologists, at myGemma we specialize in buying luxury jewelry, watches and handbags.
About myGemma
Established in 2012, we saw the need for a quick, discreet and convenient way to sell your diamond jewelry or design jewelry with transparent and honest prices. Since then we have grown to a team of leading industry experts, with offices in New York, Hong Kong, Tokyo and the UK. We work with hundreds of customers per day from around the world offering a free and professional solution for selling fine jewelry.
Our Process: Fast & Secure
We pride ourselves on offering not just strong prices but a fast, easy and streamlined service. The entire process can take as little as 24 hours. Sell your gold designer jewelry to our experts. We will take into account all precious metals and provide stronger prices than gold buyers or a local jeweler.
Our unrivaled customer service and competitive prices set us apart from traditional jewelry selling options. It has earned us an A+ BBB rating as well as hundreds of customer reviews. Ultimately, we believe that the process of selling jewelry should be as enjoyable as the process of buying jewelry.
Rather than leave your unwanted pieces to gather dust in your jewelry box, sell your jewelry to the experts. We buy a wide range of pieces including:
- Diamond rings
- Wedding rings
- Diamond necklaces
- Designer jewelry
- Luxury watches
- Luxury bags
- Luxury accessories
