Reselling Jewelry
Are you thinking about reselling your jewelry? It’s very important to not only know what you have, but what you can reasonably expect to sell it for.
What you can expect to resell jewelry for varies greatly and depends on a variety of things such as where you you are trying to sell it, the market you’re selling it in, whether or not you have a proper valuation or appraisal, and more. In general here’s what you can expect…
To a friend, family member or the general public, around 125% of wholesale.
Through a jewelry store or auction house on consignment, around wholesale.
An online auction like Ebay, around 75% of wholesale.
To a jewelry store or dealer for cash, around 50% of wholesale.
A pawnshop for cash, around 20% to 25% of wholesale.
Many people find themselves in the position of wanting or needing to resell a piece of jewelry. Whether it be a piece of antique jewelry you’ve inherited from a family member or a diamond ring you no longer want or need, there’s a really terrific post in our jewelry forum about Reselling Jewelry with more information to help you out.
