Expert Tips to Sell Old Diamond Jewelry
To sell diamond jewelry the right way, you’ll need to know what pieces you’re looking to get rid of. Figuring out their value and ensuring that they’re in good condition is important, but choosing the best place to sell diamonds for a secure sale is even more critical.
According to Jewelers Mutual, about 70% of Americans own at least 10 pieces of fine jewelry. While keeping some is important for self-esteem, you may eventually want to sell old diamond jewelry you no longer want.
Whether you’re selling vintage diamond rings or trendy earrings, it’s important to consider expert tips that maximize profits before making a sale. Read on to learn how to sell diamond jewelry the right way.
Is It Better to Sell Your Jewelry to a Jeweler or Pawn Shop?
Selling jewelry to a pawn shop is quicker and more convenient than selling to a jeweler. This is because we offer immediate cash payments that let you leave the store with same-day payout. You won’t need to worry about direct deposits or cashing checks.
The process of selling your diamonds is quicker, too. Pawn shops let you sell without an appointment. You don’t need to fill out tons of paperwork, so it’s convenient and simple. The lack of a credit check also speeds up the process and ensures that anyone can sell to us, which isn’t always the case at a fancy jeweler’s shop.
When you sell old diamond jewelry to a pawn shop, you can also get rid of it as it is. You don’t need to spend cash on repairs for a piece that you’re going to sell anyway.
The best pawn shop in Milford, Ohio is committed to restoring old pieces, so you can rest assured that you’re getting a good deal. After all, it’s easy to sell a piece once we’ve fixed it!
Unlike at jewelers, the prices pawn shops pay for diamond jewelry are negotiable. You don’t need to take or leave a fixed rate and can haggle until you find something that meets your needs. Negotiating a price helps you maximize jewelry sale value so you can leave the shop feeling satisfied.
How to Sell Diamonds Without Getting Ripped Off
The first step toward selling old diamonds for a fair price is to choose a reputable buyer. Finding someone random online will likely lead to a bad deal for you. Unless you know a lot about jewelry, internet buyers who you can’t trust will try to jilt you for a good deal.
- Must work within federal laws like the Truth in Lending Act and the Equal Credit Opportunity Act
- Need state and local licensing in order to operate
- Offer expert appraisals by professional pawnbrokers
- Check and verify every piece for authenticity
Because of this, you can expect fair prices and reputable sales processes.
Gather Appropriate Documents
Before bringing your items to Facet’s reliable pawnbrokers, you may want to gather documents that prove the pieces’ authenticity. If available, bring:
- Certificates of authenticity
- Purchase receipts
- Appraisal reports
If you don’t have these documents, don’t worry! We’ll still buy your jewelry. However, collecting them up and showing them to our appraisers will support your asking price and get you a better deal.
Get an Appraisal to Sell Old Diamond Jewelry
Before selling jewelry, you’ll need to get an appraisal. This happens when a professional pawnbroker looks at your jewelry closely and figures out how much it’s worth.
The good news is that Facet’s experts will do this for you at the point of sale! They’ll examine it thoroughly immediately before telling you how much it’s worth. This means you don’t need to take your jewelry anywhere else before bringing it to our one-stop shop.
Negotiate Your Price
Sometimes, you’ll immediately want to sell your jewelry for the price that our appraisers ask for. This is quick and convenient. Since we’re trained to give the best prices possible, it’s likely that you’ll instantly cash out!
Other times, though, you’ll want to negotiate. Learning how much the piece is worth before bringing it in helps with this, so do your homework in advance.
Frequently Asked Questions
> How does pawning jewelry work?
Jewelry pawning is a simple process that involves:
- Visiting one of Facet’s two shops (Amelia or Milford)
- Bringing the item and your photo ID to the pawnbrokers
- Waiting for the pawnbroker to appraise the item
- Hearing the value of the loan that you can get for it
- Leaving the item with our pawnbrokers in exchange for the cash
You can then come back with the value of the loan later to get your item back.
> How is selling different from pawning?
Selling jewelry is a final decision rather than an exchange for a loan. You give the jewelry to Facet forever and keep the money you get in exchange.
Like pawning, selling involves bringing the piece and your ID to Facet. The pawnbroker will evaluate what you’re offering and tell you how much our store can purchase it for. You’re free to try to negotiate, though the pawnbroker will determine the final price.
Once we reach an agreement, you give us the piece. We give you cash. You walk out with it instantly.
> Do you need to restore jewelry before selling it to the best pawn shop in Amelia, Ohio?
No, you don’t need to repair and restore jewelry before Facet buys it. We can do that on our own before selling it to another person.
However, cleaning and repairing your piece before sale may increase its value. Whether that’s worth the effort or not is up to you.
Learn More from the Top Pawn Shop in Cincinnati
Now that you know how to sell old diamond jewelry the right way, it’s time to begin choosing pieces to part ways with and learning how much you can get from them.
Our team offers a personable and relaxed approach to those who buy and sell with us. Discussing prices and negotiating with our experts is easy!
We’ve been operating in the Cincinnati area since 1991, so you can rely on our experience and expertise when repairing and buying fine jewelry pieces. Contact Facet to learn more about how you can maximize jewelry sale value and get the cash you need ASAP.