Selling A Ring To A Jewelry Store

While it is a financial loss to sell your ring for scrap gold at least you are able to recuperate some of the cost.

Selling a ring to a jewelry store.

Another problem is if you are in need of quick cash consignment shops can take a long time to sell your item. Most jewelry stores and pawn shops pay approximately 50 cents for every dollar of scrap gold value. The primary advantage of selling to someone in the jewelry industry is time. If the value is 1 000 for example a store will offer to buy the ring for approximately 500.

A diamond dealer will sell your rings to the public rather than to stores like an industry dealer would which means you might get a higher price. The type of estate jewelry you have dictates which store will attempt to sell your jewelry. If you want to sell quickly and safely with little fuss over marketing target a jeweler diamond dealer or pawnbroker. Consignment generally consists of a contract for the amount the jewelry will sell for and the percentage the store will keep.

The dealer will take a 25 to 40 percent commission for selling your ring. If you have a high end piece in excellent condition the elite location could yield a fine return. Check reviews for diamond dealers if you re selling a diamond ring.