Ever thought to yourself, “If I sell my diamonds and sell my gold, I’ll have instant access to cash”? Many of us have and with the level of debt in the country on the rise, but salaries staying the same, almost every person has had a moment where they thought that selling their jewellery would be the best way to pay the bills.
But selling these small and moveable assets is not as easy as you may think, and besides the emotional attachment to the goods, you may find yourself thinking about how much your rings are worth, how you can value your necklaces can bring you in cash terms and how to get more money when you sell watches.
The first rule of thumb in this regard is in knowing the true value of what you have. Believe it or not, many people walk into jewellery stores wanting to sell rings that belonged to their grandparents, only to discover that these pieces are not as valuable as they may have originally thought.
Sentimental value and financial value are not the same thing and even though the person who gave you a piece of jewellery told you it was worth a lot, you may discover that it is not worth even a fraction of the assumed amount.
Be sure to get an appraisal before you sell. A good appraised will help you with the value of goods, before you sell your gold or consider selling jewels. You may find that even though you are selling a diamond, the quality, cut and colour are not as wonderful as you thought, and the diamond much less valuable.
The second rule to keep in mind is to remember to be realistic. When you are having your gold and diamonds appraised, ask the appraiser his or her opinion on the worth of the items in certain markets. A pricing strategy can go a long way to helping you get a better price for a stone or piece and depending on market trends, you may get less or more for your item at certain times of the year.
Also consider shopping around a little before you settle on a buyer and reseller. If you want to sell watches, you may find that not every service provider is honest and forthcoming, like Liquid Fin, and that some are trying to get your goods at a much lower price than a trustworthy reseller would.
Don’t forget that though these pieces are valuable to the buyer, they will always be more valuable to you on an emotional level, so don’t be afraid to say, “I won’t sell my diamonds today”, if you feel the price isn’t right.