5 Tips to Get The Most Money From Jewelry Consignment

Including 

1. Should I Use Jewelry Consignment Near Me

2. Why Selling Online Will Get You More Money

3. Take Appealing Pictures

4. Have The Correct Paperwork 

5. Where to Sell Online for The Most Money

Welcome to the Diamocycle Dispatch, where we explore the exciting world of jewelry consignment and reveal insider tips to help you earn top dollar for your precious treasures. Our family’s rich history in diamonds and jewelry spans over 160 years, dating back to 1857. With this unparalleled legacy of expertise and passion, we take pride in offering you the same valuable advice we would give to our most cherished customers. Join us on this journey and discover how to unlock the full potential of your jewelry collection today!

1. Should I Use Jewelry Consignment Near Me

Consigning your jewelry locally is never an ideal option. Your jewelry is out of your possession and can take a very long time to sell. Often it does not sell, and you have wasted time without ever selling your jewelry. The jewelry is also exposed to a limited pool of buyers and is unlikely to get the exposure you need to get the best price. The fees can be very high with local jewelry consignment ranging from 30-50% of the sale price. The local jeweler has a high business operating costs, and most charge these fees to cover fixed operating costs. That said, there is a better option for selling your jewelry online. 

2. Why Selling Online Will Get You More Money

Consigning your jewelry online has the benefits of selling to retail customers with a lower fee structure and exposure to buyers nationwide. Online sellers have a lower cost to do business and can market your jewelry for a lower price. The added benefit is that you can keep possession of your jewelry until it sells. Then, you could market the piece to your social network and an online consignment market for jewelry.  

3. Take Pictures that are Appealing

Selling jewelry online is like creating an online dating profile. You can get the best results if you want to take the best pictures. An unflattering picture will not do your jewelry the justice it deserves. We suggest looking at the picture on the site your posting your jewelry and seeing what images you like and what people did to make their jewelry look more appealing. Don’t worry if you are not tech-savvy. The modern cell phone is great for taking pictures of jewelry. 

4. Have The Correct Paperwork 

When you list your jewelry online, the marketplace will most likely ask for some proof that your jewelry is genuine. This is often a bill of sale, diamond certificate, or jewelry appraisal. Depending on the marketplace’s protocols, they will set the market price, or they may ask you to. The paperwork helps the marketplace determine a price. The diamond certificate can be an essential piece of paperwork. The diamond certificate is often lost, but a laser number is inscribed on the edge of the diamond. With this number, an online certificate can be pulled up. You might have this number on your bill of sale or jewelry appraisal. Having a diamond certificate is very helpful in selling a used diamond. A jewelry appraisal can be beneficial in selling a piece of consignment jewelry. We recommend an appraisal from a GIA graduate gemologist. We have linked our guide to diamond appraisal. https://www.diamocycle.com/a-guide-to-diamond-appraisals

 You will likely need some form of paperwork to sell consignment jewelry online.  The marketplace will inspect your jewelry to confirm its authenticity. 

5. Where to Sell Online for The Most Money

The best place to sell your consignment jewelry online is with Diamocycle. We have a marketplace for preowned diamond jewelry and a process that makes selling your jewelry effortless. You can sell your jewelry safely from the comfort of your home. Best of all, the fees are lower, and your jewelry is exposed to buyers nationwide. To start selling, submit a listing here. https://www.diamocycle.com/sell-a-diamond

As experts in the diamond and jewelry industry, the team at Diamocycle has extensive experience with jewelry consignments. Consigning your jewelry can be a great way to earn some extra money, but there are certain steps you can take to ensure that you get the most money from your consignment. Here are a few additional tips to consider:

Research the Consignment Shop:
Not all consignment shops are created equal. Take the time to research and find a shop that has a good reputation and specializes in selling the type of jewelry you are consigning. You can also check online reviews and ratings to get an idea of the shop’s reputation.

Choose the Right Time to Consign:
Timing is everything when it comes to consignment.
Avoid consigning your jewelry during a slow season or around major holidays when people are less likely to be shopping for jewelry. Instead, choose a time when demand is high and the shop is likely to have more potential buyers.

Set a Realistic Price:
Don’t set your expectations too high when it comes to pricing your jewelry. While you want to get the most money possible, it’s important to be realistic about the value of your items. Research the current market value of similar pieces and set a fair price that reflects the quality and condition of your jewelry.

Keep Your Jewelry in Good Condition:
Before consigning your jewelry, make sure it is clean and in good condition. Jewelry that looks worn or damaged is less likely to sell, and you may end up receiving a lower offer than you expected. Consider having your jewelry professionally cleaned and polished before consigning it to ensure it looks its best.

Stay in Communication with the Consignment Shop:
Once your jewelry is consigned, stay in touch with the shop and ask for updates on how it is selling. If you notice that your items are not selling as quickly as you would like, consider adjusting the price or offering promotions to entice buyers.

By following these tips and working with a reputable consignment shop like Diamocycle, you can get the most money from your jewelry consignment and have a positive consignment experience. Contact us today to learn more about our consignment services and how we can help you sell your jewelry for the best possible price.