Ultimate Diamond Jewellery Selling Guide

Everything You Need to Know to Sell Jewellery for More Money

Looking to Sell Your Jewellery?

Have you ever noticed the countless ‘cash for gold’ signs or auction house advertisements and pondered how you might get more cash for your jewellery? Selling used jewellery can be a daunting, primarily when you need to determine its worth, find the best place to sell it, and understand what to anticipate as a seller. Knowing the value of your jewellery and where to sell it for a fair price is crucial. In this guide, we’ll decode the crucial factors that influence your jewellery’s value, pinpoint the top places to sell your jewellery in London and across the UK, provide insider tips on selling used jewellery, and reveal effective negotiation tactics to maximise your earnings. If you still have questions, don’t hesitate to reach out to us!.

Everything you need to know about selling jewellery

We want to make the selling process easier for jewellery owners like you, so we created this page to help consumers understand more about how to sell jewellery and how to sell it for a good price. If you’re looking for the best place to sell jewellery, you won’t have any difficulty in finding it once you go through these important facts regarding selling jewellery. We’ve included everything from important jewellery facts, to the how’s, where’s, and what’s of selling jewellery. Here are some of the things you’ll learn on this page:

How to Understand its True Value.
Where is the best place sell your jewellery.
How to sell your jewellery for a good price.
Factors affect the value of the jewellery.
Tips for selling your jewellery online.
How to avoid scams when selling jewellery.

With the price of gold and precious metals on the rise, it’s a great time to sell your unwanted jewellery. Whether it’s estate, antique, brand name, or fine jewellery, collectors will pay competitive prices for it. Being knowledgeable about the jewellery industry will help you decide where to sell your jewellery safely. The best place to sell jewellery is a place that meets your needs, is trustworthy, and helps you understand the selling process.

How to Understand its True Value

Selling your jewellery can be a complex process, especially when it comes to determining its true value. The first step is to obtain valuation from a professional Jewellery valuers like “Hatton Garden Buyers”. This helps you establish the current replacement or retail value of your jewellery and sets realistic expectations for the sale. Traditional Jewellery industry is predominantly credit-based. Retail jewellers often purchase their inventory on credit, which means that they haven’t necessarily paid for the jewellery pieces you buy from them. Their profit comes from selling these pieces, essentially using your money to pay for their stock. However, if you decide to sell back your jewellery, these jewellers might be reluctant to buy, often offering about half the wholesale price.

Factors Influencing the Value of Used Jewellery

The value of jewellery can be seen as adding up all its parts or as coming up with a figure based on market research of the whole item. This might include considering any flaws or wear and tear, depending on the type of valuation done. A professional valuer keeps to high standards of accuracy by recording at least 12 pieces of important information for every item. The details may include:

Type of Jewellery: Whether it’s a watch, ring, pendant, or other types of jewellery.
Gender Orientation: The design could be for men or women.
Metal Content and Type: The value changes with the type of metal used, such as 14kt or 18kt gold, white or yellow gold, 950 platinum, 925 sterling silver, and others.
Diamond Details: The total carat weight and shape of the diamonds affect the price.
Gemstone & Diamond Details: The carat weight, shape, clarity, and cut of the gemstones and diamonds play a significant role in the value.
Manufacturing Process: The value can depend on whether it’s cast, die struck, hand fabricated, or a combination of these processes.
Metal Finishes: Different finishes like high polished, satin, Florentine, or hand engraved can influence the price.
Types of Findings: The type of clasps and attachments used can affect the value.
Settings: The settings like prong, bezel, or bead set are also important.
Measurements: The length, width, and thickness of the item are considered.
Item Shapes: Specific shapes like heart-shaped pendants, knife-edge shanks, round bezels, and others can influence the price.
Metal Weight: The weight of the metal in pennyweight or grams, with or without stones or non-precious metal parts, is considered.
Engraving: Unique manufacturer marks can add value.
Age of the Item: Older items may have higher value depending on their condition and rarity.
Condition: Items in excellent condition are valued higher than those with visible wear or damage.
Style: The style of the jewellery can influence its value.
Brand or Manufacturer: Renowned manufacturers or brands often have higher value.
Signatures, Hallmarks, and Trademarks: These can add significant value if they are from a prestigious maker.
Provenance: Proof of a piece’s history or previous ownership can significantly increase its value.
Family Lore: Stories and legends related to the piece can add interest and potentially increase its value.
Country of Origin: Where the item was made can influence its value.

Remember, understanding these factors can help you get a fair estimate when selling your jewellery. If you need any assistance, feel free to reach out to our team.

Sell Antique Jewellery

In fact, selling antique jewellery means you’ll be hounded by a combination of jewellery stores and private buyers, all of whom will claim to offer the best possible price. However, most of them are only interested in getting your gold, diamonds, and antique jewellery for as little money as possible. At Hatton Garden Buyers, we care about our reputation and can help you get a highest cash pay-out for your jewellery. Our expert valuers will appraise your antique jewellery for free and arm you with the information you need to get the perfect price. This is highly beneficial, as one of the first steps to selling your antique jewellery is to get it appraised, so you have a rough idea of its value. We’ll make the selling process easy for you. We’ll come to you to collect your jewellery, and we’ll pay you cash on the spot. We’ll also handle all the paperwork for you. So, if you’re looking to sell your antique jewellery, get in touch with Hatton Garden Buyers today. We’ll help you get the best possible price for your valuable antique jewellery.

Sell Vintage Jewellery

Vintage jewellery, with its unique allure and timeless elegance, is a favourite among style enthusiasts. Selling these precious pieces is more than just posting an ad online, though; it’s a journey that requires knowledge, research, and thoughtfulness. Selling vintage jewellery can be an enriching experience. It’s not only an opportunity to potentially generate a good return, but it also allows your cherished pieces to find a new home where they will be admired and appreciated. But this process demands due diligence and a strategic approach. At Hatton Garden Buyers, we understand and appreciate the beauty and history of vintage jewellery. We’re here to ensure you get the right value for your timeless treasures, providing you with a straightforward and rewarding selling experience that respects both your jewellery and your time. Navigate the vintage jewellery market with confidence. Let your timeless pieces tell their stories and add charm to new lives. And remember, selling vintage jewellery isn’t just about making a sale—it’s about preserving history and celebrating beauty and you can do this at Hatton Garden Buyers.

Where Can I Sell Jewellery in London

Hatton Garden is known as the jewellery heart of London, and for good reason. With its many shops and buyers, it’s a great place to sell your jewellery. But with so many options, how do you know which buyer is right for you? At “Hatton Garden Buyers” are a specialist jewellery buyer based in Hatton Garden, the world-renowned diamond district. We offer competitive pricing, accurate valuation, and deep expertise, ensuring that you get the value your jewellery truly deserves. We firmly believe that a truly accurate jewellery valuation cannot be based on rough estimations. Before we can provide an offer, we conduct a detailed inspection. Our offers are grounded in genuine market research. We examine our past purchase prices, market history data, current enquiry, and even compare your items with similar ones currently on sale within jewellery traders’ networks. This comprehensive process enables us to deliver an offer that is not just real and honest, but also competitive.

How to Get the Best Price for Your Used Jewellery

If you are selling used jewellery, it is important to get it appraised by a professional jewellery valuer or jewellery appraiser. This will give you an accurate estimate of the value of your jewellery and will help you to negotiate a fair price with a potential buyer. You can also improve your chances of getting the best price for your used jewellery by following these tips:

Do your research. Before you sell your jewellery, it’s important to understand its current market value. You can do this by researching the prices of similar pieces online or by getting an appraisal from a professional jewellery valuer.
Be prepared to negotiate. The potential buyer may offer you a lower price than you’re expecting. don’t be afraid to walk away if you’re not happy with the offer.
Get everything in writing. This includes the price of the jewellery, the terms of the sale, and the payment method. This will help to protect you in case there are any problems down the line.

Where Can I Sell Used Jewellery

Once you have found a reputable gold buyer you will find that selling gold is easier and safer to do there than at a pawn shop or online. The biggest advantage to selling gold to a private buyer is getting paid the market value of your gold immediately. Often, you will get an appraisal and receive the market value in cash all in under thirty minutes. Other advantages of using a private buyer include:

Time efficiency: The entire process takes thirty minutes.
The appraisal process: A certified gemmologist will test the purity of your gold on a professionally calibrated scale.
Market value price: Most appraisers offer of the current market value. As opposed to other types of gold buyers that take off a heavier percentage.

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Best Place to Sell Jewellery

The best place to sell your jewellery isn’t solely about who offers the highest price. Other factors like the buyer’s reputation, service convenience, empathy, knowledge, and transparency in pricing also matter. Before selling, it’s wise to have your jewellery professionally appraised to understand its worth. This helps you determine where to safely sell your jewellery for more money. Ultimately, the best place to sell your jewellery is one that fulfils your needs. Below, you’ll learn about common types of jewellery buyers and their unique characteristics.

Selling to Jewellers

The traditional jewellery industry is predominantly credit-based. Retail jewellers often purchase their inventory on credit, which means that they haven’t necessarily paid for the jewellery pieces you buy from them. Their profit comes from selling these pieces, essentially using your money to pay for their stock. However, if you decide to sell back your jewellery, these jewellers might be reluctant to buy, often offering about half the wholesale price.

Selling at Auction House

Selling your jewellery through auction houses can come with significant drawbacks. Despite the seemingly large audience, you may not secure the price you expect due to commissions taken by the auction houses, reducing your profit. The process can be slow, taking weeks or even months from listing to sale, and there’s no guarantee your piece will sell at all. If it doesn’t, you could face additional costs such as insurance or storage fees. What’s more, you might end up receiving as much as 45% less than your original selling price. Given these potential issues, auction houses may not be the best route for selling your jewellery if you’re seeking a fair price and swift transaction.

Selling to Cash for Gold Centre

“Cash for gold” centres primarily focus on the weight and purity of the gold and other precious metals in your jewellery. This approach disregards the piece’s overall craftsmanship, design, and potentially valuable gemstones, leading to a lower evaluation of its genuine worth. Therefore, if your jewellery is more than just gold — which is often the case with most jewellery pieces — selling to these centres may not get you the highest cash.

Selling Yourself on Online Platforms

Selling your jewellery on online platforms like eBay or other similar sites might seem like a viable option at first. These platforms do provide access to a broad audience of potential buyers which increases your chances of selling. However, this method also comes with its fair share of challenges. One of the primary hurdles is setting an appropriate price for your jewellery. Unless you’re an expert, pricing can be quite tricky. If you set the price too high, you might discourage potential buyers. On the other hand, if you set it too low, you could end up making a loss. In addition to this, online platforms usually take a commission on every sale made, which could reduce your take-home earnings. Furthermore, selling on these platforms requires time and effort for listing the item, managing the sale, and organising shipping. You also must deal with potential scams and disputes which can be stressful and time-consuming. Moreover, if your jewellery is unique or holds significant value, it might be challenging to find a buyer who recognises its worth on such platforms. Therefore, while online selling platforms offer certain benefits, they also present unique challenges, especially for inexperienced sellers. It’s essential to keep these considerations in mind when deciding the best avenue to sell your jewellery.

Selling to Pawn Brokers

Pawnbrokers can be a quick way to get cash for your jewellery, but they aren’t always the best choice for getting the most value. Here’s why: Pawn shops work by providing loans with your jewellery as collateral. The pawnbroker will evaluate your jewellery, typically focusing on the intrinsic value of the precious metals and gems and offer you a loan amount based on that value. This amount is often much lower than the retail value of the jewellery. It’s essential to understand that pawnbrokers are not primarily experienced jewellery buyers. Their expertise usually lies in a broad range of items, not just jewellery, meaning they may not have a deep understanding of the intricacies of jewellery valuation Their business model is based on providing loans and making money from the interest on these loans. If you don’t repay the loan plus interest within the agreed-upon time, the pawnbroker has the right to sell your jewellery to recover their costs.

Selling to Specialist Jewellery Buyers

Choosing to sell your jewellery to a specialist buyer offers numerous advantages. These individuals are not your everyday traders; they’re experts in their field, with a deep understanding of the nuanced world of jewellery. These specialists hold a wealth of knowledge about various eras and trends in jewellery, appreciating the unique characteristics of each piece, whether it reflects the Art Nouveau, Victorian, or Modern era. Their expertise extends beyond mere aesthetics. These professionals understand the intricacies of precious stones, from the different periods of diamond mining to the varying cuts and qualities that can significantly influence a piece’s value. They don’t just consider the material worth of your jewellery. Instead, they assess every aspect from craftsmanship and design to its condition and historical significance. Being part of a broader network, specialist jewellery buyers maintain global connections, keeping them updated on the latest market trends. This understanding allows them to offer competitive prices reflecting the current global market scenario. They provide a transparent process where every step of the appraisal is explained, ensuring sellers understand how the final offer is reached. Hatton Garden Buyers embodies all these qualities of a specialist jewellery buyer and more. With deep roots in the industry and a wide-reaching network, we stay ahead of the curve in understanding market trends, ensuring you receive a competitive offer for your pieces. We believe in complete transparency. Our team of experts guides you through every step of the appraisal, ensuring you understand and are comfortable with how we’ve arrived at our offer. Additionally, we understand the value of time; hence once you accept our offer, you’ll receive an immediate payment without delay. Moreover, our holistic approach to understanding your pieces sets us apart. We acknowledge not just the monetary value but also the sentimental importance attached to your jewellery. In essence, selling your jewellery to Hatton Garden Buyers promises a fair and competitive price, in-depth appraisal, transparent process, immediate payment, and exceptional market knowledge. Our commitment to providing a seamless and rewarding experience makes us an ideal choice for selling your jewellery. Trust us to give your precious pieces the value and respect they deserve.

How Do Gold Buyers Calculate the Value of Gold?

According to APMEX, there are over ten factors that contribute to the current value of gold. Here are a few main factors that a gold buyer will consider when determining the price of your gold:

The weight of the gold
The gold’s purity
The current economy

If your gold jewellery also has diamonds, the gold buyer will appraise the diamond separately.

Where Can Cash for Jewellery

Hallmarks are identifying marks carved into the piece by the manufacturer or an assay office. An assay office is an institution that stamps hallmarks onto gold to authenticate the purity of gold. This system was set in place to protect the consumer. Therefore, with a hallmark, an appraiser will be able to easily identify the karat purity, country of origin, and the date the gold was hallmarked.

Sell Jewellery Online

Selling your jewellery or diamond engagement ring online can be a great way to save time and get a fair price. However, the best place to sell your jewellery online depends on a few factors, including the type of jewellery you’re selling, its value, buyer reputation, and your comfort level with the selling process.When selling your jewellery online, it’s always wise to get a preliminary quotation before posting it to the buyer. This will give you an idea of the value of your jewellery and help you set a fair price. It’s also important to deal with specialist jewellery buyers like us “Hatton Garden Buyers” who provide very competitive values and secure services. These buyers have a deep understanding of the jewellery market, connected with international market and can help you get the best possible price for your jewellery and your used engagement rings.

Always get at least 3 preliminary quotation.
Use secure and insured shipping method or request shipping label from the buyer.
Sell it to specialist jewellery buyer.
Always send together with box and papers if available.

Where Can I Find the Best place to sell Diamond

You may be wondering: where’s the best place to sell my gold for cash? While there’s no guaranteed answer, our advice is to sell it to a reliable and trusted source. Selling your valuables can be a hassle; when you find a trusted buyer with the right system and appraisal process, it will be much easier. Research different private buyers in your area, read reviews, and ask relevant questions; take good steps to find the right buyer and you’ll end up leaving with a big cash pay-out!

Types of Jewellery We Buy

At Hatton Garden Buyers, we are not limited to specific types of precious metal jewellery. We welcome gold, white gold and platinum pieces including but not limited to:

Diamond Earrings
Diamond Necklaces and Chains and not limited to Sapphire, Ruby and Emerald/li>
Diamond Pendants and not limited to Sapphire, Ruby and Emerald/li>
Diamond Rings, Engagement ring, Diamond Ring and not limited to Sapphire, Ruby and Emerald/li>
Diamond Brooches, Pins and not limited to Sapphire, Ruby and Emerald/li>
Diamond Bracelets and Bangles and not limited to Sapphire, Ruby and Emerald/li>

Even if your jewellery is aged, broken, has missing gems or no hallmarks, rest assured we will likely accept it, provided it’s authentic and its belongs to you! We hold special interest in unique antique items and branded jewellery, particularly those dating back to the Georgian or Victorian era. Unlike other pieces, which might often be melted down and repurposed, these historic treasures are preserved and resold in their original glory. This allows us to offer even higher prices for these distinguished items!

Understanding the Valuation and Selling Price of Jewellery

When selling jewellery, it’s important to know what to expect. While you might know the insurance replacement value of your piece, this doesn’t equate to the price someone will actually pay. Here’s a guide that explains why:

1. Different Values

Jewellery can have several values. At one end, there’s the New Replacement Value, which is the highest value – the amount an insurance company pays to allow you to replace an item at full retail cost, including VAT.

2. Business Buying Values

On the other end of the scale is what businesses might offer. Shops don’t buy items at insurance values as they need to make a profit. They commit their capital and take risks holding items in stock for future sales.

3. Seller’s Role

Different businesses offer varying prices. They could be generous or frugal, specialists or generalists. As a seller, your job is to get the best deal possible.

4. Selling Value

In simple terms, an item’s selling value is the highest price you can get at the time you’re looking to sell. This figure is usually practical and achievable, considering factors like condition, market demand, and excluding taxes like VAT.

5. Shop Offers

Roughly speaking, a shop might offer between 10% and 30% of the New Replacement Value. For instance, if an item’s New Replacement Value is £1000 (excluding VAT, approximately £830.33), offers could range between £100 and £300. This range covers refurbishing costs, stock-holding costs and risks, and the fact that shops could opt for new items instead.

6. Getting a Better Price

You might fetch a higher price by investing time and effort to find the right buyer. This often means doing the job of a professional. However, with the right connections like Hatton Garden Buyers, you could secure a better deal with less effort. Knowing how the process works is a big step towards a successful sale. Your understanding of these factors will guide you to make the most beneficial decision. Remember, the selling process involves many variables, and the better you understand them, the more favourable your selling experience will be.

Sell Jewellery Without Worry

At Hatton Garden Buyers, we’re committed to making the experience of selling your jewellery as smooth and worry-free as possible. With our team of experienced and certified professionals, we provide a secure and transparent process that values both your jewellery and your peace of mind. We take the time to properly appraise each piece, paying attention to the smallest details that may enhance its value. We walk you through each step, explaining how we arrived at our offer, ensuring you understand and are comfortable with the process. With us, you won’t have to worry about haggling or negotiation – we offer competitive prices based on current market trends and the inherent value of your jewellery. Once you accept our offer, the payment is immediate with no hidden fees or charges. Selling your jewellery doesn’t have to be a worry-filled experience. Choose Hatton Garden Buyers and sell with peace of mind, knowing you’re working with experienced professionals who respect you and your treasured pieces.

Jewellery Buyers You Can Depend On

We bring years of industry experience, providing a transparent, honest selling process. Our professionals appraise your jewellery comprehensively, considering design, craftsmanship, and market trends. We believe in informed sellers. We guide you through our appraisal, explaining our offered value, ensuring you feel secure and confident in your selling decision. What sets us apart is our commitment to our customers. We see beyond just jewellery – we understand its story, history, and sentimental value. We respect the emotional journey in parting with cherished pieces and strive to honour that in our service. With Hatton Garden Buyers, you’re not just finding a buyer. You’re partnering with a trusted team who understands your needs, offering a respectful and rewarding selling experience. Choose us, your dependable jewellery buyers.

The Final Word

We trust that this detailed guide has clarified your queries and given you valuable insights for when you decide to sell your jewellery. Choosing where to sell your gold and precious gemstones is a significant decision, and this guide is intended to simplify that choice by presenting you with the various available options. If you still have any questions about the process, don’t hesitate to visit us at our London Hatton Garden store, which is easily accessible. Our trained team of jewellery experts is ready to help you with any inquiries you may have. At Hatton Garden Buyers, we guarantee a fair assessment and a competitive price for your jewellery. Our aim is to ensure your selling experience is as seamless and rewarding as possible.

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Our mission is to make your Jewellery Selling experience meaningful.