If you need to release some cash, then selling some of your jewelry is often a simple way of achieving this. At GEM Pawnbrokers, we accept a wide range of jewelry and our experienced staff will appraise your jewelry with a thorough inspection and give you a reasonable cash offer.
When selecting which items you want to sell it can be hard to know which might offer the best price. So, how should you decide?
What items we handle
We handle a wide variety of jewelry types which includes:
- Rings including engagement rings, wedding rings, eternity rings
- Necklaces, chains and pendants
- Cuff links
What the item is made from is a key part in appraising its value, so finding out what the jewelry is made from can help. There are a few simple things you can look for:
- Hallmarks – these can tell you the metal content and sometimes the marker. Fine jewelry made in the last 100 years should have this unless it has worn off.
- Weight – jewelry made from gold or silver tend to be heavier than cheaper metals like brass and pewter.
- Signs of discoloration – jewelry that is well worn shouldn’t discolor or fade if made from gold or platinum. A gold-plated item can, however, show signs of different colors and these will hold less value.
- Prongs – if the jewelry has any prongs holding stones in place you can check them to see if the stones are held by solely by these prongs or glue as well. If there is glue present then it likely to be cosmetic jewelry.
The condition of the piece can make a big difference in the price. Items that have been heavily worn and show signs of wear and tear such as scratches, eroding of the metals and color discoloration or dulling of stones will affect the price.
The brand of your item can impact its value as certain brands can hold on to their value better than others. This largely applies to high-end jewelry that is more highly desired. If you have the box and papers for these items it can increase their value.
Age and sentimentality
Antique jewelry that is in good condition can yield a good sales price, but it is worth considering whether you will miss the item and whether it is a family heirloom that you want to pass down in your family.
Some antique jewelry can be cosmetic which means it is made from less valuable metals and replica stones. Although these pieces might be highly attractive and distinctive, they may not be that valuable.
The market values for gold and other precious metals can also impact the price of your jewelry as this is a fluid market that changes all the time.
You will receive a value much lower than the original purchase price when selling and the value will be dependent on the brand, condition and desirability of the item as this heavily impacts the value.