How to try to sell my gold and diamond necklaces

Written by ryan mcalister
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How to try to sell my gold and diamond necklaces
There are many ways you can sell jewellery, both online and off. (necklace image by Byron Moore from Fotolia.com)

Gold and diamond necklaces can be worth quite a bit of money, depending on their quality and weight. If you choose to sell your necklaces, there are many methods by which you can do so. Before making a sale, contact a professional jeweller and have your necklaces appraised. That way, when you sell, you won't accept less than the necklace is worth. The appraiser may charge a small fee, but consulting one will get you more money in the end.

Skill level:
Easy

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Instructions

    Pawnbrokers

  1. 1

    Locate a few pawn shops in your area.

  2. 2

    Take your jewellery to one of the pawn shops and tell the pawnbroker how much you're hoping to get. He'll evaluate your necklace and weigh the gold and diamonds to determine the value.

  3. 3

    Haggle with the pawnbroker when he makes you an offer. Pawn shops are all about making profit, so the broker will try to pay you as little as possible. Don't take his first offer.

  4. 4

    Take your jewellery to a second and third pawn shop and see what the brokers there are willing to pay. Go with the highest offer.

    Internet

  1. 1

    Take a picture of your necklace with a high-resolution digital camera.

  2. 2

    Access a website on which you can sell merchandise, such as eBay, Amazon or Craigslist.

  3. 3

    Post an advertisement, including the picture you took, a description of your necklace, your asking price and contact information. If you're using an auction site, you'll also need to set a period of time for bidding to take place.

    Local ads

  1. 1

    Contact your local newspaper and request to put an advertisement in an upcoming issue.

  2. 2

    Send the paper a description of your necklace, your asking price and your contact information.

  3. 3

    Pay the necessary fee to have your advertisement run. Wait for interested people to contact you. Chances are they'll try to haggle, so keep that in mind and decide in advance how low you're willing to go with the price.

    Second hand agents

  1. 1

    Locate a consignment shop in your area. Also call around to local jewellers, and see if they'd be willing to help you sell something through consignment. The way consignment works is that they use their shop and popularity to sell your item for you. In return, you give them a portion of the proceeds.

  2. 2

    Choose the shop you want to use to sell your necklaces.

  3. 3

    Agree on both a selling price and a consignment percentage, which is the portion of the sale that the shop gets to keep. Make sure you get everything in writing, including the sale price, a consignment percentage, detailed descriptions of your items, the length of the sale and your personal information.

    Gold brokers

  1. 1

    Choose a company that buys gold based on quality and weight. A lot of these gold brokers advertise on TV and in magazines.

  2. 2

    Request an information pack. This can be done through each company's website. When you receive the pack, it will include full information on how to send in your gold jewellery, along with an envelope and mailing address.

  3. 3

    Send in your jewellery to have it appraised by the company. They'll inspect your gold to determine the quality, weigh it and send you a cheque in the mail for the appropriate amount. Keep in mind that they only pay for the gold, and not the diamonds. You can remove the diamonds before sending and attempt to sell them separately.

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