Local jewelry stores will often buy used jewelry. This should be one of the first places to consider (locally) because they may be able to give you the best price. You’ll also want to stick with locally owned jewelry stores as they are more likely to give you cash, rather than store credit.
Do jewelry stores trade jewelry?
The jeweler will offer you a trade-in price that you won’t receive in cash but will be able to use for the purchase of another item from the store. … Jewelers will be willing to offer you a better trade-in price since you will make a new purchase at their store.
What percentage do Jewelers pay for jewelry?
The Worth of Jewelry: Retail Value vs.
However, the vast majority of fine jewelry will receive an offer that is between 20% and 50% of its original price.
Where is the best place to sell Jewellery?
Where is the best place to sell jewellery?
- The Company Is Reputable. Make sure the company you’re selling your jewellery to has a long history, and a strong online presence. …
- The Process is Simple. …
- A Competitive Price. …
- The Buyer is a Jewellery Expert. …
- Foxhills Jewellers. …
- Pawnbrokers. …
Does Zales buy rings back?
Lifetime Guaranteed Trade-In Value on Bridal Sets and Diamond Solitaires. … We guarantee that the item you trade will be valued for trade in at Zales at 100% of its original net purchase price. Trade-ins of in-store and online purchases are accepted at most Zales locations.
Does Kay Jewelers have a buyback program?
Kay Jewelers currently operates a nationwide trade-in or buy-back program. You can take an item of diamond jewelry to any of their stores in the US and use it as part payment for another piece of jewelry.
Is it better to sell jewelry to a pawn shop or jewelry store?
If you’re looking to sell your jewelry, a pawn shop is still likely your best option. This is because a retail store must be interested in your specific item in order for them to buy it. If your item isn’t popular or rare or vintage, it is unlikely to sell, causing them to turn your item down.
Does jewelry lose value after purchase?
Like a car, a diamond is a depreciating asset since it loses a large portion of its value the second you buy it. Think about gold and silver. The market for them is very liquid and fungible since you can store coins, sell them at any time or even trade them later on.
How do I know what my jewelry is worth?
Understanding the Value of Your Jewelry
- Check for Hallmarks. Check your piece of jewelry for hallmarks, which will tell you what type of metal is used in the piece and how much; the country where the piece is from; the designer; and the manufacturer. …
- Look at the Prongs. …
- Weigh the Piece. …
- Check for Damage.
What is the safest way to sell jewelry?
Selling your jewelry in person to a local shop may still be the best way to get the most money out of it. Here, too, you have lots of options, including coin shops, pawnshops, consignment shops and jewelers. The American Gem Society provides a list of local jewelers who buy jewelry.
How do I sell unwanted diamond rings?
While an online ring buyer is likely best, you have several options for selling an engagement ring:
- Local jeweler or diamond exchange.
- Local cash for gold/silver/diamond store.
- Local pawn shops.
- Jewelry auctions.
- Consignment shops.
- Marketplaces like Etsy and eBay.
What does 375 mean on gold?
‘375’ gold is just one of many different types of hallmarks. Here’s a closer look. If a gold product contains the hallmark ‘375’, that means your gold is 9 karat – or 37.5 per cent pure. The remaining 62.5 per cent of the product is an alloy of different metals, like nickel, copper, or in some cases silver.
Does Jared’s buy jewelry?
We buy jewelry made of precious gold (10K, 14K, 18K, 22K or 24K gold or European equivalent) or anything made of platinum 900 or 950. If your jewelry is set with diamonds or color stones, you should have those removed before sending your gold or platinum to us.
Can you get a refund on Jewellery?
The jewellery you purchase may break or need repair. You are entitled to a repair, replacement or refund when the item you purchased does not meet one or more of the consumer guarantees. … Businesses do not have to give you a refund if you simply change your mind about a product.
Can I sell my ring to Kay Jewelers?
You may trade in any diamond/diamond jewelry item purchased at KAY Jewelers (excluding lab-created diamonds/diamond jewelry) for a new diamond/diamond jewelry item that is at least double the trade-in value. Trade-in value is the original purchase price of the trade-in, excluding charges such as tax and shipping.