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Old September 25th, 2009, 09:54 AM   #1
cglenn
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Default Selling jewelry

Does anyone know a good place to sell jewelry online other than CL? Hopefully locally so I don't have to ship? My mom has something that needs to be sold, she had it appraised and obviously they won't give her crap for it. I told her I'd sell it on CL but have had no luck and I've lowered the price down considerably. I don't want to give this away. Thanks.
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Old September 25th, 2009, 10:00 AM   #2
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I hate to say it, but if you went to an independant appraisor and they told you it wasn't worth what you expected it to be, you probably won't be able to sell it for what you're expecting. I know that I wouldn't buy a piece of jewelry without some sort of appraisal done on it, and wouldn't pay more than the appraised value.

However, if you went to a jewelry store/ pawn shop and said "how much will you give me for this?", they were probably ripping you off to begin with.

If it's something special, you should probably find an independant appraisor (your insurance company might be able to help you with that) and get a fair market value for it, then get a copy of the appraisal and go from there.

Definitely stay away from the Cash for Gold style places, since they're specifically targetting people who have no idea what they're selling and price accordingly.
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Old September 25th, 2009, 10:22 AM   #3
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You can basically expect to get 10% of the retail value. If it is gold, then it may go up to 15%. The retail markup on jewelry is outrageous. Resale value is MUCH lower. Appraisals are basically worthless for anything other than insurance replacement values.
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Old September 25th, 2009, 10:26 AM   #4
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It was appraised for a crapload more than I thought it would be, however the jewelry stores are a lot like car dealerships and will only give me hardly anything for it.
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Old September 25th, 2009, 12:10 PM   #5
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Basically they want $1500 for the piece. I'm not good with jewelry but I know I can get more than that, it was appraised for $6995.
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Old September 25th, 2009, 12:14 PM   #6
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Maybe find an auction house and sell it through them? You might have to wait until they have an appropriate lot of goods for the auction though. Another option could be an jewelry store or higher-end antique store that sells items on consignment.
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Old September 25th, 2009, 02:22 PM   #7
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Consignment would be you best bet. Your only going to get weight value out of it otherwise.
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Old September 25th, 2009, 02:44 PM   #8
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Quote:
Originally Posted by 84Scrambler View Post
You can basically expect to get 10% of the retail value. If it is gold, then it may go up to 15%. The retail markup on jewelry is outrageous. Resale value is MUCH lower. Appraisals are basically worthless for anything other than insurance replacement values.
usually 400%, never pay sticker price for jewelry

just mail it to me, i'll check it out and mail you a check
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Old September 25th, 2009, 02:58 PM   #9
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It isn't gold, it's just a loose diamond. I don't know how to get some good money out of it though.
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