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How to Sell Jewelry the Smart Way

Posted on Feb 09, 2016 by Lisa Garber

Selling fine jewelry can be an intimidating prospect. You want to make sure you are getting a fair price, but might not be sure how exactly to tell what a fair price would be. He at Galicia Fine Jewelers, we purchase jewelry and take trade-ins. We’ve come up with a few pointers that could help make the process of selling jewelry easier.

Know What You Have

People sabotage themselves in two ways when they don’t know enough about the diamond they are selling: they set their expectations unrealistically high, or lowball themselves and receive far less than they could have for their diamond by selling it to an unreputable buyer.

Ideally, you will have your jewelry valued by a qualified and independent appraiser. The best appraiser will be one who does not buy or sell diamonds so you know how much your diamond is really worth, and some of its desirable and less desirable attributes.

However, if you do not want to spend the money associated with an appraisal, a diamond buyer or reputable fine jeweler will usually do an appraisal for free if you are considering doing business with them.

If you are in the Scottsdale area, feel free to bring the jewelry you are thinking about selling into Galicia. We offer appraisal and very fair prices for jewelry. You can also consider trading your jewelry toward another purchase.

Be Realistic

When determining how much you want for your fine jewelry, it is important to set a realistic price. You should not expect to get as much or more than the diamond is worth. A good rule of thumb is to shoot for around 80-percent of the piece’s current market value.

Contact Galicia to Learn More

If you are in the Scottsdale area and are considering selling or trading your fine jewelry, feel free to drop by and speak with the experts at Galicia Fine Jewelers. We are conveniently located in the Scottsdale Quarter. 

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