Fashion and Jewellery witness fast-changing trends, tastes and preferences. There might be a few pieces of jewellery that you own but do not wear them as they have worn out, the shine has faded or simply that kind of jewellery is not in style anymore. Jewellery that is not in use should be liquidated for cash to help your finances, better than a piece lying for years without being worn.
Jewellery selling can be a tricky task, however with research and knowing a few tips and tricks in advance can help you get better price in exchange of your diamond or gold jewellery. If you are wondering where to sell gold coins gold bars , gold rings, bracelets, necklace, chains, diamond jewellery, etc. we have got you covered and will be covering all the relevant topics you need to know.
Various portals buy your used jewellery and provide you a decent amount for your valuable accessory. While starting to sell your jewellery, typing keywords such as where to sell gold coins, Sell gold coins for cash near me Cash against gold jewellery’, etc. can be useful and the search engine will list all the top sellers or portals that match your keywords. You can then compare and choose where to sell your ornament.
Also used jewellery that is accompanied by its old bill, and certificates for GIA (Gemological Institute of America) or IGI (International Gemological Institute)(in case of diamond jewellery) can fetch you handsome value against your treasured possession. Also before putting up your jewellery for sale, make sure it is cleaned well, or you can get it cleaned from a local jewellery store- as faded or jewellery that looks way too old might not get you the desired price. Apart from this, gold jewellery is generally is hallmarked when purchased and sellers these days give certificate for its authenticity when you purchase them. Such hallmarked ornaments are likely to facilitate a good deal in comparison to a non-marked one.
Several gold testing labs check the authenticity of the treasured possession and will provide you a detailed lab report regarding the cut, clarity, weight, karats, etc. and can prove to be quite useful to get you a better price for your jewellery. These laboratories can also evaluate if there has been any mixing of metal along with gold, and hence this report is given so much value by the buyers. You can look up online for such labs to get the value of your jewellery determined for a nominal value.
Current Market Rate
Gold’s price keep changing daily and it is a smart idea to know the current market rate before selling your jewellery. Please note that 24 karat gold is the purest form of gold, and gold jewelleries will never be made of pure 24 karat. For example, if your jewellery is of 22 karat, you should check the price of 22k gold as on that day, or calculate accordingly.
Selling at the Jewellery store or Pawn Shop
Selling your gold or diamond jewellery for cash is the fastest and most easy method, but it might fetch lesser value when compared to selling it online. The reason behind this is, jewellers who buy old jewellery will provide you the price after removing stones, and will melt down the metal; as they will never resell the old jewellery as it is. It is better to study in advance how the metal price is calculated. The mathematical formula to calculate price is metal price (market price as per current market rate) multiplied by purity (true noble metal content) times weight (could be anything grams, ounces or pennyweights)
Various banks and finance houses offer to buy gold jewellery and provide cash in return. You can also get various deals to get new jewellery in exchange of your old gold jewellery. These banks and finance houses are a safe option and can be considered, as they conduct authenticity checks with various tests and will provide you a highest quote for your ornament. You can consult few of such buyers bank and sell your jewellery to the bank that offers you the highest value.
Buying and selling jewellery is not any everyday task, and can teach you some valuable lessons in your experience. The best thing is to learn through your experience about how to evaluate your jewellery correctly, so you can get the best deal for the treasured asset.