Jewelry is a good option for a long time investment. The main reason is it has good return value upon selling. But when it comes to selling jewelry online, you might feel overwhelmed at all the options available. You can sell your jewelry in many ways such as a local jewelry shop, a consignment or pawn shop, or through an online marketplace or even a jewelry auction.

In the past few years, jewelry auctions online have become quite a platform for people as they get high returns upon selling. But when you think of a jewelry auction, the first thing that comes to your mind is that it is only rich folk. But that is not always the case. Even though some auction houses cater exclusively to the extreme-wealthy looking to buy and sell items worth hundreds or thousands or even millions of dollars, in reality, they are much more accessible than you might think.

And if you’re thinking of selling your jewelry then various sites are offering online platforms for auctioning your jewelry at a good and profitable return. They accept as well as list pieces of jewelry worth as little as even $1000- which can include many diamond rings and other items.

Auction Your Jewelry Online- Why do it and Is it a good option?

There can be many reasons for people to decide to sell their jewelry, but most of the time people sell their jewelry when they’re in debt. It can be very difficult to sell their pieces of jewelry since it has sentimental value for them. Sadly they have to sell their pieces of jewelry eventually since paying the debt or loan is much more important.

The sentimental value is mostly seen in a family heirloom and it is much difficult to part with, even though you don’t wear it. Another common reason can be to sell the engagement ring from a previous relationship which you don’t want anymore. Even though it has a history with you, the ring might remind you of the painful experiences you had in the past.

But if your jewelry is a good piece then you can sell it at a high price. Moreover, if your jewelry is a rare piece and has much demand in the jewelry auction market, buyers pay a handsome amount for that. 

Since it has the emotional and financial stress of serving jewelry, many of the jewelry auction sites understand your pain and are prepared to help you every step of the way. They make sure that you have the best possible experience when auctioning your jewelry, so you can confidently use your profits on something valuable and important.

Which Online Platform Should You Choose to Auction Your Jewelry?

If you are thinking about ” I want to auction my jewelry” but are confused about which online jewelry auction platform to trust, then there is a way to solve this. All you need to do is make sure that the jewelry auction sites have some particular perks so that you are confident enough that your jewelry piece will be sold at the top rate. Here are all the things that you should look for on a website before auctioning your jewelry- 

Trustworthy

The first thing you have to do is to identify whether the website is trustworthy or not. You are planning to sell jewelry that is sentimental for you and has good market value, so you have to make sure that it is sold at the right price and that the jewelry auction is legitimate or not.

Sites that have an A+ rating with BBB and a score over 4.5 out of 5 are considered trustable jewelry auction platforms. It is also important to check the customer reviews which are genuine and honest.

Free estimate

Look for the jewelry auction platforms that offer a free estimate on your jewelry before the auction. In this way, you can get an idea of how valuable your fine piece of jewelry is and set the price on your preference. Free estimate service checks the price of your valuables depending on the market rate. So if the market is flourishing then the rate of your item will also increase.

Good Network of Buyers 

It is very important to make sure that the jewelry auction site is offering a network of buyers who are professional. Having professional buyers in the auction is very important since only they understand the true value of your fine piece of jewelry and are willing to pay a generous amount in return.

Control

The jewelry auction site must offer the facility where sellers have full control for setting the minimum sale prices which will be listed for their pieces of jewelry.

Payment duration

Most trustworthy sites ensure that you get paid 24 hours after your fine pieces of jewelry have been sold. You can check the comment and review section to check if anybody has complained about not getting paid or delayed over 24 hours.

 Although sometimes the payment might be delayed if there is a technical issue at the bank which is a rare phenomenon. The sites that have been serving hundreds of sellers and have good recommendations normally don’t delay the payment over the promised time.

Coverage of full insurance

The fine piece of jewelry that you own is valuable and delicate. So the jewelry you are entrusting with the online jewelry auction platform must be fully covered with insurance. You can demand a prepaid, fully insured, shipping label when you submit your jewelry.

Complimentary diamond grading along with the service 

Before your fine piece of jewelry is presented in the jewelry auction. It has to look the best in the presentation. Various online jewelry auction platforms offer the best gemological labs in the world to grade your valuables. 

They also take care of the cleaning process so that it looks completely furnished and photograph your items in HD quality. Diamonds are graded at leading general labs such as GIA.