Selling gold and diamonds may be something that has crossed your mind. You may have an old ring given to you by a family member, or a bracelet from an old boyfriend. You might even be one of those people who has been holding on to a family heirloom. Whatever the case, if you’ve decided that the time has come for selling gold jewelry, it may be smart to know how the process works. Some people, sadly, find that selling gold for cash leaves them with none of their gold and very little cash. As a smart consumer, you can get the most ‘bang for your buck’, so to speak, if you’re prepared.
So in selling jewellery, how do you begin? Well, the route of the smart consumer is in understanding exactly what your item is worth. Remember that it is not just the gold content or the jewels in a piece that make it expensive. It is also the design and the history behind it. A diamond ring bought two months ago and one that is over a hundred years old will not have the same value.
Your first course of action would be to get your goods valued. Selling gold and diamonds could net you a tidy profit if you know what your goods are worth. If not, there are those in the market who might give you only a fraction of what you actually deserve to get. Of course, the experts advise that even if you do know the value of your jewellery, you stay flexible. Selling gold for cash value is great in principle, but those buying it have to make a profit and that means you may have to swallow your pride and accept a little less than the going rate.
Once you know the price you’re willing to accept when selling gold jewellery, or that of any other metal for that matter, don’t forget that the process is not instantaneous. There will be forms to fill out and questions to answer, but this is entirely to your benefit. You see, a reputable dealer will be completely upfront and honest with you and that means every deal you make and purchase they process has to be 100% transparent. This process may seem a little tedious and unnecessary, but it is a legal one.
Finally, make sure you don’t have any regrets when selling jewellery, even to a reputable buyer such as Liquid Fin. If you are unsure about selling a certain piece, hold it back. There may be times when you are desperate for cash and selling gold and diamonds seems the only way to make ends meet, but a little careful consideration may spare you heartache in the future.