There are many times when women have pieces of jewelry lying around that they do not wear on a regular basis. Jewelry received from past lovers or broken jewelry is often not appealing to wear or simply impossible to wear. Rather than allowing the jewelry to take up space in your jewelry box, consider selling it for cash to a jewelry dealer. Learn everything you need to know about selling jewelry to a dealer in the guide that follows.
The Jewelry Doesn’t Have to be Wearable
If the jewelry is damaged or broken in some way, the jeweler may still buy it from you. There are many times when the jewelry can be melted down and used to create another piece of jewelry, if it is not in wearable condition. Also, a jeweler may be able to easily replace a broken clasp or remove a broken link to make a piece wearable again rather easily.
All Diamonds Are Checked Before Being Purchased
When you go to sell diamonds, the jeweler will check the serial number that is inside of the diamond. The number will then be entered into a computer database that will let the jewel know if the jewelry is stolen or if it is saleable. If the diamonds are stolen, the jewel will call the police right away because you will be in possession of stolen property. If someone gave the jewelry to you and you have no idea where it came from, you can simply explain it to the police when they arrive, but they may have to confiscate the jewelry since it is stolen.
Not All Purchases Have to be Final Sales
There are some jewelers who offer their customers the ability to get a loan on the value they give the jewelry. The loan amount will be less than the true value of the jewelry because the jewel needs to be able to replace the money that they gave you for a loan and make a small profit after everything is said and done. The loan you get on the jewelry will be for a specific period of time. So be sure to repay it on time to ensure that you do not lose your jewelry forever.
When you sell your jewelry to the dealer, there are times when they may offer you an in-store credit or a cash value amount. The in-store credit will often be higher than the cash value amount because they want you to shop in their store. This can be a great way for you to get new jewelry without having to spend any money on it.