There are a variety of reasons why people decide to sell their high-end jewelry. For example, a person may have inherited a beautiful piece of furniture that is just not their style. Alternatively, they may have an item that they previously cherished but that no longer provides them pleasure. If you have undesired fine jewelry, selling it might be a wise financial decision, regardless of the cause behind it. Selling jewelry that you no longer wear may enable you to use the money you get from the sale toward something else that you would much rather be doing.
And if you are thinking of selling your jewelry for a high price then a jewelry auction is quite recommended. Throughout the article, we will be guiding you step by step to make sure you have proper knowledge of selling your valuables in the jewelry auction and get a high profit in return.
Important Tips to Follow for Jewelry Auction
Selling your jewelry and other valuable items in the jewelry auction can be an easy and profitable process but follow the tips accordingly. The important tips are as follows-
Find Out Your Jewelry’s Market Value.
While doing internet research to determine the value of your things, you may have come across a slew of misleading false leads that may not be a fair indication of how much your jewelry would really sell in the market. Some of the listings on online market platforms might be completely ridiculous
Moreover, when compared to any insurance appraisals at the retail replacement level, the current open market value of your jewelry may be much higher or lower than any earlier valuations you may have received. In order to determine whether or not you should sell your jewelry, the first step is to determine its true current market worth and get an evaluation from an experienced, fully qualified, and reputable jewelry appraiser.
Certified and Trusted Jewelry Specialist Are the Key
You will need objective assistance from a thoroughly certified and experienced jewelry valuer, as well as someone who is sensitive to the highly personal aspect of selling emotional jewelry, in order to navigate your way through your alternatives.
A fast online search for how to sell jewelry yields a plethora of results, but in an unregulated industry, how can you be certain that you will be able to get the greatest possible value from your items? The most recommended method is to enlist the assistance of a trustworthy auction house.
Gemological and diamond grading credentials from a recognized authority such as the Gemmological Association of Great Britain, The Gemological Institute of America, or the National Association of Goldsmiths will be required for jewelers working at the major auction houses. As members of industry organizations such as the Society of Fine Art Auctioneers (SOFAA), auction houses and their experts are required to uphold the highest ethical and professional standards in their work.
Provide Photographs as well as Paperwork
Sending photographs of your objects to your selected appraiser would be an excellent first step in having them appraised. Please ask a friend or family for assistance in utilizing your phone’s camera if you are unclear about how to accomplish this.
Your phone camera’s macro lens option should be used to take close-up photographs that are high quality. Not only do the valuers need to examine the front of the item, but they also need to see the back of the piece in order to assess the age of the piece and whether or not it has been worn, damaged, or repaired in the past.
Include any past appraisals, gemological or diamond certifications from a recognized Gemological Laboratory, and any other relevant documentation. Such information will provide the appraiser with specifics on the weights of the stones as well as other crucial facts about the item. When possible, give proof of origin for the artwork, since this might increase its value. Whilst the valuer won’t be able to offer an exact market value based on the photographs, they will be a wonderful starting point, and we will be able to give a reasonable indication of the piece’s age and condition, and whether or not it is desirable on today’s market.
Choosing a Trusted Jewelry Auction Site – Worthy
To make it easier for you, we will be discussing Worthy.com which is one of the most trusted and certified online jewelry auction platforms and is preferred by many sellers around the jewelry market.
It is worth noting that Worthy.com is an online auction service and platform that specializes in diamond jewelry with a retail value of at least $1,000, which the company describes as “high-end.” This list includes our top pick for a jewelry auction website, which is also included. The great majority of people who are looking to sell jewelry, such as a diamond engagement ring, bracelet, earrings, necklace, or any other piece of jewelry or watch will find Worthy to be the most advantageous alternative. It is especially interested in premium brands such as Tiffany, Cartier, and Rolex, among other things.
The reason it is highly recommended are given below-
- Reliable and Trustworthy: Based on 291 customer reviews on the company’s website, Worthy has received an A+ rating from the BBB and a rating of 4.62 out of 5 stars.
- Experienced Buyers: The only bidders who are permitted to participate in Worthy’s auctions are experienced jewelry buyers who are prepared to pay top dollar for very precious pieces of jewelry.
- Secure and Safe: In order for you to submit your jewelry to Worthy for appraisal and ultimate sale, the company will provide you with free FedEx tracking and insurance envelopes upon request.
- Fast Payment System: If your item sells, you will get the payment within 24 hours of the sale’s completion.
- Easy to Sell: Selling your piece of jewelry via Worthy may be completed in as little as one hour, and you can begin the process in minutes rather than minutes and minutes.