Selling jewellery

Ediegirl

Have some white gold and diamond jewellery to sell and other gemstones - can anyone recommend or advise. In Southampton, Hampshire. Many thanks.

soolin

try local jewellers first to get an idea of what they would pay for them, always a good place to start.

TripleH

+1 for what Soolin advises.

I have and will only ever sell costume jewellery on eBay etc.

Remember jewellery unless very old is unlikely to sell for what you paid for it.

vickthestick

Great timing! I am also looking into this. Rings which were bought for approx £500 and/or valued at £500 for insurance purposes were offered less than a third from the local jewellers. So £1500 worth on paper, £400 offered by the local jewellers. I'm loathe to let it go for that but might not get any more by going to our lcoal auction house, so not sure what to do next. 

soolin

vickthestick said:

Great timing! I am also looking into this. Rings which were bought for approx £500 and/or valued at £500 for insurance purposes were offered less than a third from the local jewellers. So £1500 worth on paper, £400 offered by the local jewellers. I'm loathe to let it go for that but might not get any more by going to our lcoal auction house, so not sure what to do next. 

That’s about what I would expect actually, the insurance valuation will be extremely high and anyway the jeweller will be buying wanting to sell on, so needs to take a profit from them.

Definitely get a valuation from a bricks and mortar auction house, but also get a note of their costs. Expect to pay anything around between 25% and 40% of the hammer price in fees. 

ladyholly

Jewellery is not an item to be bought with the idea of making a profit. You wont unless it has exceptional provenance (eg belonged originally to someone very famous and you have the proof of that). Most will only return the scrap value of the component parts.