Looking to sell inherited jewelry can be an overwhelming and complicated process. The first step is to work through any lingering emotions attached to the piece and the person who left it to you. The next step is to figure out how selling inherited jewelry works and where to start.
Some people even feel guilty about selling their inherited piece of jewelry. The reality is that there is absolutely nothing to be ashamed of. If it is not a piece of jewelry that you or a family member will ever wear, it makes sense to part with it.
We regularly deal with customers in this position and want to offer some assistance for those looking to make the process less daunting. As a result, we have put together this simple guide for selling inherited jewelry online.
Sell inherited jewelry in 4 steps:
1. Gather information on your inherited jewelry
The first step is to establish exactly what you have. Is your heirloom jewelry a diamond ring, engagement ring, bracelet, earrings or necklace?
It helps to have paperwork for your jewelry item to determine the authenticity of the piece and its characteristics. This could be a certificate from a diamond grading lab such as the Gemological Institute of America or an insurance appraisal. If you do, you can begin the process of searching for a reputable buyer. The difficulty, however, with the majority of inherited jewelry is that this will not be the case.
If you cannot find any paperwork, there is a simple solution. We suggest consulting a local jeweler who will be able to verbally appraise your items. You should not need to pay for a full jewelry appraisal. Some of the key questions to be asked include:
- The condition of the jewelry
- What precious metal the jewelry is made of (gold/silver/platinum etc.)
- The weight of the metal
- What stones are in the jewelry
- The carat weight of the stones
- Clarity, color and cut of the stones
- Is it a designer or branded piece?
2. Research jewelry buyers
Once you have found out as much information as you can on the item, we recommend researching diamond and jewelry buyers. Look for established and reputable companies accredited by the Better Business Bureau. Be sure to also check out their online reviews and the entire process.
There are significant drawbacks with many traditional jewelry buyers:
- Pawnbrokers: Many pawnbrokers lack the necessary expertise to make competent offers. Added to that is low-end experience of valuables selling in a pawnshop.
- Jewelers: While jewelers offer consignment services, it is important to note that these are lengthy procedures. There are fees involved and no guarantee of a sale.
- Online listing platforms: Listing your items to sell on eBay or an equivalent auction sit also presents its own set of problems.
WP Diamonds was created in 2012 in response to the lack of adequate high-end jewelry selling options. We fundamentally believe that selling valuable jewelry and watches should be a fast, professional, discreet and transparent process. Our team of experts are on hand to answer any questions you may have and provide price quotes. Our global scale, industry connections and expertise allow us to provide strong prices.
With the option to sell online or in person, we buy your estate jewelry directly. We cut out the middle man so that the entire process can take as little as 24 hours. The bottom line is that selling jewelry to specialized jewelry buyers is the fastest way to get paid a competitive price.
3. Get a price quote
An important step in selling family heirlooms and inherited jewelry is getting a realistic price quote. Some buyers will provide misleading wide price quotes to entice you to send you their items.
At WP Diamonds, we don’t believe in high pressure sales tactics, dishonest price quotes or setting unrealistic expectations. We believe in the importance of providing transparent pricing and thorough explanations as to how we established a price. To receive your free quote, simply click the button below and fill out our online form.GET YOUR OFFER
4. Sell inherited jewelry
Follow our five simple steps to sell your inherited jewelry.
1 THE FORM
Complete our onlinevaluation form
2 INITIAL VALUATION
Receive your initial valuationby phone or email
3 SHIP YOUR ITEMS
Ship us your items fully insuredvia FedEx at no chargeor make an appointment
4 EXPERT VALUATION
A member of our team willcontact you with a full valuation and offer
5 GET YOUR OFFER
If you accept, payment can be received within 24 hours
GET YOUR OFFER
Why sell to WP Diamonds?
Our process is simple, safe and can take as little as 24 hours. With no fees or commissions deducted, honest price quotes and a professional service, we are proud of our hundreds of customer reviews and A+ BBB rating.
Our free service is commitment free, there is no obligation to sell. You always have the option to request that your fine jewelry be returned to you free of charge should you choose not to accept our offer.
Sell inherited jewelry online with our free shipping and insurance or in person in New York, the UK or Hong Kong.
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