Best place to sell jewellery?

BikerMooFromMars

Hi there lovely people!
I’m after some advice on selling jewellery for the best return please. I’ve got a few things to sell, but the main thing is a necklace and ring my mum gave me. I’m aware that valuations are more for insurance purposes, but I was very disappointed to take them to a jewellers and be offered £320 (see pics below) 😅. Can anyone recommend a good place to sell please? And if it’s eBay how to protect myself if anything untoward happens with the sale please?





I keep getting told to melt this jewellery and have it made into something else for me but I’m not fussed about jewellery at all, and it means nothing to my mum either as my dad (who she isn’t with anymore) bought it for her decades ago.

any advice greatly received. I’ve got a couple of other bits to sell too, but these are the main things. I’m setting up my own business at the moment so any extra money will be a great help x

mjm3346

Scrap value minus the buyers cut - small stones have very little value and there is not a lot of gold there.
If the valuer thinks that in the real world and not just in insurance la la land that they are worth over £4,000 presumably they would bite your hand off to get them for £2,000 (bet they wouldn't).
Private sale may get a bit more than a tiny trade valuation

lincroft1710

Well you can at least halve those insurance valuations and then you will only arrive at the price a retail jeweller would buy the brand new items from the manufacturing jeweller. Buying in secondhand jewellery other than at scrap prices is risky in that a jeweller may have an item or items that no-one wants to buy. So a jeweller will price accordingly. Plus rocketing fuel and energy prices mean that there will be less money available for little luxuries such as secondhand jewellery, so probably even fewer retail buyers.


Listing it on Gumtree or eBay or other online selling medium will not guarantee a sale, some items can literally take years to sell. If there is a local bricks and mortar auction house which has a jewellery/valuables section, then you could try there but you must put a sensible reserve on and their commission could be 15%. 


Try other jewellers, you may get a better offer.

BikerMooFromMars

lincroft1710 said:

Well you can at least halve those insurance valuations and then you will only arrive at the price a retail jeweller would buy the brand new items from the manufacturing jeweller. Buying in secondhand jewellery other than at scrap prices is risky in that a jeweller may have an item or items that no-one wants to buy. So a jeweller will price accordingly. Plus rocketing fuel and energy prices mean that there will be less money available for little luxuries such as secondhand jewellery, so probably even fewer retail buyers.


Listing it on Gumtree or eBay or other online selling medium will not guarantee a sale, some items can literally take years to sell. If there is a local bricks and mortar auction house which has a jewellery/valuables section, then you could try there but you must put a sensible reserve on and their commission could be 15%. 


Try other jewellers, you may get a better offer.

Really appreciate the advice, thank you x

BikerMooFromMars

mjm3346 said:

Scrap value minus the buyers cut - small stones have very little value and there is not a lot of gold there.
If the valuer thinks that in the real world and not just in insurance la la land that they are worth over £4,000 presumably they would bite your hand off to get them for £2,000 (bet they wouldn't).
Private sale may get a bit more than a tiny trade valuation

Really appreciate the advice, thank you x