Last Updated on January 27, 2023 by Tabraiz
Jewellery comes in different styles, designs, metals and gemstones. It is these things that make jewellery precious, luxurious and expensive. If you wear a piece of jewellery, it not only makes you look fashionable, but it also enhances your status in the society. Having different types of precious jewellery pieces comes with a lot of benefits. These are those assets which you can sell at a price higher than when you actually purchased, if the situation demands. Now the question is, how to sell your precious jewellery? From where do you need to start? Well, the first and the foremost thing that you need to do before selling your jewellery is to go for services, such as jewellery valuations.
Through this process, you will get to know the actual value of your jewellery as per the market value and then decide whether to sell it or not. Make sure when you are selling your jewellery, you are gaining the required amount of profit, or else it will be of no value. Therefore, always opt for those companies for the valuation services that are genuine and give you the correct valuation of your assets. Prestige Valuations is one such company in the UK that provides you with multiple services, such as on spot valuation services of valuable assets, online antique valuation services, jewellery valuation for insurance, jewellery repairing and remodelling services, watch valuation services and so on.
Let us now have a look at the ways by which you can sell your jewellery and the factors that affect the value of your jewellery.
How can you sell your precious jewellery?
There are several ways in which you can opt to sell your jewellery. You can go to an authentic jeweller to sell your precious jewellery. Before selling your jewellery, make sure that you gather all the detailed information and the paper that you have of the jewellery. Brand, collection, materials, age, wear and tear are some of the important aspects that you need to check before selling the jewellery. This information is easy to get. You can get this information from the receipt of the bill, from the GIA report, the certificate and authenticity card of the jewellery and also from the gemological lab certification.
After collecting all the information, choose a buyer to sell your jewellery. Also make sure that you have got the quote ready for the sale of the jewellery and then decide a final price to sell it. You can also sell your jewellery with the help of a private sale or through specialist auctions. Get proper jewellery valuations done before starting the selling process.
Factors that affect the value of your jewellery
There are several factors that affect the value of your jewellery. Here are some of the factors that you should know about that will determine the value of your jewellery:
- Designer: It is one of the most important factors that determines the value of your jewellery. We all know that a piece of jewellery is either made by a well-known designer or is made in a workshop. If the jewellery is designed by a famous designer, it is definitely going to have a high value which can further benefit you in selling your jewellery.
- Metal: Another most important factor that plays a major role in jewellery valuations and in selling the jewellery is the metal of the jewellery. If the metal is pure and is of good quality, be sure that the jewellery is going to have a high value price. Jewellery is mostly made up of metals such as gold, silver and platinum. The value of the jewellery increases as per the purity of the metal. For instance, gold jewellery comes with different purities, the purest being the 24 carat gold.
- Gemstones & diamonds: After designers and metals, precious stones such as diamonds and gemstones play an important factor that decides the value of the jewellery. The value also differs as per the stones used in the jewellery. White diamonds, black diamonds, emeralds, rubies, tanzanites, sapphires and so on are some of the commercial stones in the market. The cut, damage, carat weight, clarity and inclusions of the stones decide the value of the jewellery. The value also varies between the natural gemstones and the man-made gemstones.
- Apart from these factors there are other factors that you need to consider during the jewellery valuations. They are the condition, age and form of the jewellery. All these will have a great impact on the value of your jewellery. Make sure that you keep all these factors in mind before deciding the final price.