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Best Websites to Sell Jewelry
CashForGoldUSA is a great option for lower price jewelry worth less than $1,500. This company buys all types of jewelry with decent rates. The website even has an online calculator, so you can get an estimate of the value of your items.
This company has more than 20 years of experience buying jewelry. They also claim to offer the best market prices. It may not be the best option for antique, rare or designer pieces, it can be a great option for where to sell jewelry of more modest origins.
The selling process is straightforward.
- Fill in the website form
- You’ll receive an insured, free mail kit. You can pack your jewelry in the package and then send it back.
- CashForGoldUSA will send you an email offer
- If you accept, you can receive your money via bank transfer, check or PayPal.
- If you don’t accept the offer, your items will be returned with no extra fee.
Worthy buys all types of jewelry. But, the minimum price per item is $1,500. However, this company can provide you with a higher price. This is because Worthy sells items at auction, so the highest bidder buys your pieces.
Another reason why Worthy is a great platform to sell jewelry is that there is a great deal of flexibility. You will have control of your pieces until they sell. In fact, if you don’t agree with the minimum price set for the auction, you can change it. You can also have a buy it now price.
Worthy takes a fee of 5 to 15% of the final selling price. The specific fee depends on the item value. Higher value pieces attract lower fees.
Like CashForGold USA, Worthy will provide a free estimate and an insured, free shipping kit. After receipt of your items, they will require a few days to generate an appraisal. Once you agree the details, such as the starting price, the auction can begin. You’ll receive your payment via PayPal, bank transfer or check.
3. WP Diamonds
As its name suggests, WP Diamonds specializes in diamond jewelry. However, they do buy other items including luxury watches and designer jewelry. The company does not sell items at auction, rather they work a little like a pawn shop. They provide a transparent appraisal and it is even filmed for your protection.
WP Diamonds does offer fair prices with no additional fees. Its shipping is insured to a maximum of $100,000.
The selling process takes several steps:
- Request a mailer kit on the website
- You’ll receive a call from the customer service team to discuss your jewelry
- Once you agree on the items you’ll be sending, you’ll receive a FedEx label. You can then print this and stick it to the jewelry package.
- After WP Diamonds receives your package, the team will examine the items and generate an offer.
- If you accept the offer, you’ll receive payment via check or ACH. If you’re not happy with the offer, they will return the items to you.
4. The Real Real
The Real Real is an online, luxury consignment platform. You can sell gently used watches and jewelry. The company also accepts designer furniture, shoes or other high end pieces.
The selling process is a little different than the other options on this list.
- You’ll need to create an account as a seller
- Send your pieces of jewelry
- The in house team will evaluate your items and contact you with a price
- The team take pictures and upload your items on to its website
- When someone purchases your item, you’ll receive the funds minus a fee.
The fees vary from 5 to 15%. Since the company does not specialize in jewelry, it can be a little more difficult to sell your items. Additionally, you’ll need to wait for a buyer before you can receive your funds. Also, The Real Real may discount your item if it doesn’t sell quickly.
5. Ruby Lane
Ruby Lane is another platform where you can sell jewelry, collectibles, antiques and art. The company claims to have over one million visitors per month. This creates a massive potential market for your unwanted jewelry.
The company also has guidelines to help you present your items, so they can sell more quickly. The selling fees are also quite reasonable. Although there is a $100 set up fee, the monthly maintenance fee is $69 and there is a listing fee of $0.19 per item. While this may be high if you only have one or two pieces to sell, if you have lots of unwanted jewelry and other pieces, it is well worth consideration.
Etsy is often associated with handmade items, but it can be a good place to sell your jewelry. However, the items must be vintage or handmade to qualify for sale on the platform. Etsy has a buyers network from across the globe. It is also easy to use with low fees.
To start selling, you’ll need to set up an account and build a shop. You can then start uploading items. The platform will guide you through the listing process including taking photos and how you can market your pieces. You’ll receive a payment once a month for any items you sold.
Bear in mind that there is a $0.20 listing fee for each item and a 5% transaction fee on anything you sell.
Should I Pawn or Sell Jewelry?
Jewelry is a popular gift for many occasions. It is an appropriate gift for Mother’s Day, Valentine’s, Christmas, weddings, birthdays or work related events, such as promotions, new jobs, or retirement. In fact, the jewelry industry produces over $55,422 million.
If you’ve received jewelry gifts or purchased items for yourself, you may have accumulated lots of jewelry, some of which you may no longer wear. This means that selling jewelry could be a way to clear some clutter and make a little cash. So, here I will delve into how to sell jewelry without getting scammed.
If you need some cash, you may have wondered which is a better option; sell jewelry or pawn it. The main difference between these two things is that selling will generate cash, whereas pawning requires that you pay back the money with interest when you redeem your items.
So, whether you should pawn or sell jewelry will depend on your circumstances. If you need immediate cash but don’t really want to part with your jewelry, pawning may be a good option. However, you will need to calculate the cost of the interest. If you no longer wear the jewelry and it has no sentimental value, selling it may be a better option.
Is it Safe to Sell Jewelry Online?
Proving you work with a trustworthy, established buyer, it is safe to sell jewelry online. All the platforms I detail below are reputable companies that you can rely on for a safe transaction.
Tips to Help You Sell Gold or Jewelry
If you’re looking to sell jewelry, you will need to take care to maximize how much you receive. Here are just a few tips to help you to sell your gold or jewelry.
Don’t be Impulsive
Remember that buyers will not have the sentimental attachment to items that you do. So, there will be no sentiment in the price on offer. Take the time to evaluate each piece to ensure that the price you will receive outweighs the emotional value.
Be Realistic About What You Have
Gold jewelry is rarely pure golf. Most gold jewelry in the U.S is made with 10, 14 or 18 karat gold. This is made from gold and other alloys. So, you’re not going to get the highest price for an item made with 10 karat gold.
Always Choose a Reputable Buyer
This should go without saying when looking to sell jewelry online. But, I will state it clearly here. Don’t be tempted by online sellers offering unrealistically high prices. These are often scams and you could end up losing your jewelry altogether. So, make sure that you choose a reputable buyer that will offer you a fair price and treat you fairly.
Photograph and Document Your Pieces
Before you send your items to the buyer, be sure to photograph and document each of your items. This can be useful should the package get lost in transit.
FAQs About Selling Jewelry for Cash
Can I Sell Broken Jewelry?
If you have jewelry that is broken, you have a couple of options. If you still love the item and want to wear it, take it to a local jeweler to have it repaired. If you no longer wear the item, you can sell it as scrap precious metal.
How Much Is Used Jewelry Worth?
The price of gold and silver varies. The prices fluctuate on a daily basis and the amount you’re offered will depend on the quality and weight. Basic items will sell based on the weight of the gold or silver. But, you can expect more for designer, antique or handmade jewelry.