During a recession jewelry stores find it difficult to sell gold, since most of the public are no longer buying ornaments, but are opting to sell jewelry – gold jewelry, in particular – to pawn shops or similar places where they can be assured of getting a realistic amount of cash for gold.
Many people will opt to send their old jewelry in through the post to a ‘cash for gold’ dealership. This is a reasonable solution for trinkets and knick-knacks, but is usually not advisable if you want to sell diamonds or estate jewelry, since there is always a small risk of it getting lost in the mail.
Of course, you might also want to try selling gold jewelry online. Technology has made it possible to evaluate the best prices and offers from several different dealers from the comfort of your home. However, sometimes when something seems too good to be true, it probably is not true. The number of scams that are perpetrated online have gone up in the past few years, and this trend has become increasingly difficult to police.
If you want to avoid any untoward incidents, with your precious jewelry, or you want to exchange your trinkets for a few dollars and do not want to have the postal service cut into your profits, then your best option is to sell jewelry in person. Most ‘cash for gold’ companies are unlikely to be able to give you as good a quote as a jeweler can.
On the other hand, just because a jeweler can give you more money for your gold jewelry, it does not mean he will. Here are some tips to ensure you get the best deals while selling gold jewelry:
1) Take it to THREE jewelers.
Some jewelers will try to cheat you by quoting prices that are substantially less than your jewelry is worth. By allowing them to play off each other, you prod their sellers’ competitive instincts and assure yourself of getting a good price.
2) Know what you are doing
When dealing with jewelry, it is important to do your research. A jeweler can always make out if a person knows how to sell diamonds or not, and may be tempted to use your lack of expertise into settling for a lower price.
3) Find a reputed jeweler
The simplest solution is always to find a reputed jeweler who has been approved by people who know something about the jewel market. People like the Better Business Bureau, who ensure that the companies accredited by them buy and sell jewelry in ways that are fair and transparent.
Estate Large Diamond Buyers have offices in Chicago, Detroit, Michigan and Las Vegas, Nevada and authorized dealers all over the US. They have received an A+ rating from the Better Business Bureau. Estate Large Diamond Buyers guarantee the best price for your jewelry and always give the best quote for your diamonds and gold, regardless of whether you are a diamond expert or a novice.
As reputable gold jewelry buyers and dealers we have worked hard to earn the trust of local Chicago residents and that is why we are proud to display our A+ standing as an accredited BBB gold broker of Chicago. Call our LA offices at (213) 261-0707 and find out why we have been the most reliable and trusted Chicago gold buyers for over 25+ years.