Get Quick Cash for the Holidays by Selling Old Jewelry

The holidays are quickly approaching and as much it is the most wonderful time of the year, it can also be the most stressful time of the year.  With holiday parties galore, the prepping, planning, and budgeting can be intense. If you’re finding it all to be a bit too much and money a bit too short, don’t stress! We have a solution for you! Take a deep breath, relax, and enjoy the season. After all, it’s not about the quantity of gifts but the memories you make with your loved ones.

However, if you’re still feeling like you need some quick cash for the holidays there’s one place to consider that is often overlooked – your jewelry box. Do you have old jewelry laying around that you no longer wear or just want to get rid of? Turn it into some quick holiday cash. Here are some tips on how you can get some quick cash by selling your old jewelry.

Evaluate Your Inventory

To start, gather all of the jewelry you’re ready to part with. It can be hard to part with inherited jewelry but think of it as giving it a new life instead of stashing it away in the back of a drawer. Make sure to check with family members before getting rid of pieces for sentimental value. Don’t throw your past ex’s diamond bracelet or engagement ring in the garbage, sell them and make some fast holiday cash. The most valuable pieces are ones that are rare, unique, or from a luxury brand, so be sure to look out for those when digging through your jewelry box.

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Prepare to Sell

Now that you’ve evaluated what pieces you have to sell, it’s time to prep your items. Over time jewelry tends to lose its color and become dull. Cleaning it could make a big difference when it comes to reselling your jewelry. A little dish soap and warm water could do the trick. Using a soft-bristled toothbrush and not a hard one due to the fact it could scratch gold and some gems, gently clean your jewelry to get rid of any dirt, dust, or oils. If it’s extremely damaged try meeting with a reputable jeweler who specializes in repairing jewelry.

Another way to get ready to sell is by finding all of your original documentation and boxes that came with the jewelry. This can help prove authenticity and validate the value of the item during the selling process.

For more tips on how to increase the value of your jewelry before selling see our blog post: 3 Tips to Increase Jewelry Value.

Research Selling Options

The final step to selling your jewelry for quick holiday cash is to research your selling options. There are many options when it comes to selling jewelry, but not all options provide the same value. It’s important to do your research before selling to ensure you receive the maximum value for your item. Take a look at the most common selling outlets below:

Pawnshops

If your looking for the most value for an engagement ring, diamond ring, watch or other fin jewelry, going to a pawnshop might be your last resort. They’re very unlikely to give you a price remotely close to what you want. Remember that their job is to acquire your items in a way that assures a profit for them. They also need to acquire them at cost low enough to rationalize their own low resell price. Because of this, you won’t be getting the best price for your jewelry. There’s also no guarantee that the individual providing assessment specializes in diamond value, so they may or may not know what they’re looking at.

Online

There are many places on the internet where you can sell your jewelry such as eBay, Offer Up, or Facebook Marketplace. While these options may sound appealing due to convenience, they can also come with a risk. Be cautious of scammers, payment fraud, and fake transactions when selling online. One rule of thumb is always to trust your gut. If the offer seems too good to be true, it most likely is.

Professional Diamond or Jewelry Buyer

Selling through a professional diamond buyer has the most advantages. First, because you’re dealing with a reputable organization, you have some peace of mind when it comes to safety. Second, the process will most likely be easy and fast because buying diamonds is the nature of their business. Their experience will make the situation less stressful for you.

Furthermore, you’ll be dealing with professional jewelers who understand the worth of your jewelry. GIA Graduate Gemologists have the most prestigious credentials in the industry, as well as extensive knowledge of gemstones and diamonds, and will be your best bet in getting a better price for your jewelry.

For a more in-depth look at various selling options, visit our blog post: Where Should I Sell My Jewlery?.

Get Quick Cash for the Holidays by Selling to Diamond Buyers

At Diamond Buyers, we understand the urgency behind some selling situations and will walk you through every step of the process to ensure you feel confident in selling your jewelry. With over 35 years in the business, we are highly trusted in the diamond buying industry. Our staff consists of GIA-trained and educated diamond appraisers who are highly experienced in evaluating and appraising diamond and valuable jewelry.

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