To help unravel the mysteries of diamond selling, here are four tips to consider before selling your stone.
1. Identify valuable pieces
Before making any decisions on estate jewelry or old personal items, take stock and identify your valuable pieces. Don’t throw things out, but rather pare out items you know don’t have intrinsic value. Outside of the family, heirlooms and sentiment don’t always hold worth. Before you go out and buy that new car, have one of our qualified appraisers give you an analysis of your jewelry. We have GIA certified gemologists on staff that can evaluate and explain current market trends for any vintage jewelry or loose gemstones. We can provide written appraisals for estates or insurance purposes or simply make verbal offers to buy items outright. Regardless of your choice, getting a professional appraisal is your first step.
2. Establish realistic prices
Understanding which pieces are valuable is only the first step. It is important to take into account the buy/sell dynamic. Unrealistic expectations for jewelry, watches and diamonds will always lead to disappointment. Again, sentimental value and age don’t add up financially. Knowing what items can sell for is an important piece of information, but dealers have to resell items after assuming all risks, and expenses to resell an item. U.S. Coins and Jewelry will clearly explain both sides of the market usually offering compatible items or prices realized to substantiate pricing.
3. Know your options
Having culled through and evaluated your properties, knowing the various ways to sell is important to making a sound decision. The modern age offers sellers a number of avenues for liquidation, but each with its own fees and risks involved. Selling directly to the public may net the seller a top price, but these transactions are fraught with pitfalls. Selling directly to U.S. Coins and Jewelry will cut directly through the red tape while providing the seller with a safe trade environment, a secure and private transaction, and most of all a fast and fair price.
4. Timing the sale
Know when you’re mentally ready to sell. Jewelry and gemstones can often be keepsakes from the past reminding the owners of family and friends. Emotional attachment can be a strong deterrent to selling. Coming to grips with psychological attachments can help a seller avoid any remorse after the check has been cashed. At U.S. Coins and Jewelry we understand the bonds we build with our simple treasures, and will process all appraisals and purchases with the utmost respect for the sentimental value held by each piece we handle. Our evaluation uses damage free processes to ensure each piece is treated with the care it deserves.
If you are planning on selling estate jewelry or diamonds, don’t forget these 4 tips, Know what you have, set a realistic price, investigate your selling options, and most importantly, be emotionally ready to sell. When you are ready to sell, visit U.S. Coins and Jewelry. U.S. Coins and Jewelry is registered with the State of Texas as a Precious Metals Dealer and our scales are not only certified but also calibrated by the State of Texas. We also use a state-of-the-art X-Ray Fluorescence (XRF) analyzer to test the purity of your metals. This is a non-destructive method that insures safety and won’t harm your precious heirlooms.