Getting rid of jewelry that you no longer want can be a great way to make some space in the jewelry box. At the same time, it is possible to make a little money while still freeing your space of unwanted items. Here are some ideas on how to sell your unwanted jewelry and make a profit at the same time.
Have the jewelry appraised. This is especially important if you do not know much about the value of stones or are not good at telling gold and silver from plated jewelry. Knowing whether you have costume jewelry or the real deal to sell can make a big difference in what you can expect to receive for the pieces.
Set your price range. This basically means you determine the least amount you are willing to accept in payment. At the same time, set a higher amount that you believe the piece could sell for. This provides you with some room to negotiate if necessary.
Look for local outlets that will purchase the jewelry. This is a great option if you want to sell the pieces quickly. Consider pawnshops, but don't expect to get top dollar for your items. You might also want to check with local jewelers, who may provide a better offer if the jewelry is distinctive in some way.
Check out consignment deals in your area. Many jewelers will offer to sell the item for you on a consignment basis. For their effort, the jeweler will keep a specified percentage of the final sale price. If you are not in a hurry to sell the jewelry, this may be an ideal option.
Take out an ad in the local paper. Many local newspapers provide free classified ads for items people want to sell. Keep in mind that some do have a cap on how much you can ask and still run a free ad. However, even if the ad costs a small amount, it could yield several offers in a short period of time.
Auction the jewelry online. For very little cost, you can set up an auction on any one of several different auction sites. Most allow you to set a minimum bid that you will accept for the item. When local outlets do not seem to work, offering the item in an auction allows you to offer the jewelry to a wider audience. Including a couple of digital images of the jewelry will enhance your chances of attracting attention.
Keep in mind that jewelry does not always sell immediately. You may have to run your ads or auctions for a few weeks before a sale goes through.
Things You'll Need
Computer with Internet access
Always be completely truthful about the condition of the jewelry. Call attention to any small flaws or imperfections. A disgruntled buyer who believes you intentionally misled him or her can create a lot of problems.