We see people looking to sell their jewelry all the time. Perhaps they are items they no longer use, items that have been inherited or passed down that they’d rather have cash for, jewelry that can fetch a reasonable amount for resale in order to buy other jewelry, or something else.
But how do you know how much your jewelry is worth? How do experts examine jewelry pieces and assign value?
Jewelry appraisal and valuation can vary extensively. If you want to sell your jewelry, keep reading to learn more about the valuation process.
Factors that Determine Worth
Several factors help determine the value of a jewelry piece, including brand, condition, and materials/gemstones.
High-end and luxury-branded jewelry pieces fetch much higher resale value than non-branded. Examples of brands always in demand for resale and independent buyers include Tiffany & Co., Van Cleef, David Yurman, Chopard, Harry Winston, Bvlgari, Cartier, and many others. Luxury and designer brand jewelry items tend to hold their value extremely well over time.
The condition of a jewelry item is tremendously important. Jewelry pieces that have been neglected and uncared for require more restoration work before they can be resold, so their valuation is typically lower than pieces that have been well cared for and routinely checked and maintained.
However, it should be noted that just because a jewelry piece has been neglected or is in poor condition doesn’t necessarily mean that it holds no value at all!
The raw material that makes up your jewelry piece is an important part of assigning value. Precious metals such as gold, silver, and platinum have actually seen increases in value over time, making jewelry made of these metals especially valuable.
Additionally, the type of gemstones set in your jewelry affects your valuation. Gems such as sapphires, rubies, emeralds, and colorless and colored diamonds are all gemstones that fetch higher values in jewelry valuation.
Weighing all the Factors
Taking a hard look at all these factors makes up a large part of assigning a resale value to your jewelry. But other lesser factors can play a role in the valuation process. If you’re bringing in jewelry to sell, consider bringing in the original packaging if you have it. Buyers will often look for original packaging or boxing, and sometimes even the paper originally wrapping your jewelry piece.
Because each piece of jewelry is unique in its brand, condition, and material makeup, it takes a seasoned expert to assess each factor in order to assign a value and resale price to your jewelry piece.
Your Jewelry Deserves an Expert Opinion
At the end of the day, you want to take your jewelry to a place that knows and understands the ins and outs of valuation and will give you a fair offer for your items. At Loudoun Jewelry, our experts are knowledgeable, trustworthy, and caring individuals who know how to appraise and value jewelry in order to provide the best and most fair offer for your jewelry.
We’d love to answer any questions you may have about the valuation process or give you guidance on the process. Give us a call, check out our website, or come into our store and talk to members of our friendly sales staff. We’re always looking to buy jewelry, so don’t hesitate to reach out or come in directly. We hope to see you and your jewelry soon!