When someone is looking to make some money off of unwanted jewelry like gold or diamonds, they usually have high expectations. Considering the value of gold and diamonds, as well as the many advertisements people see on TV or hear on the radio about how to turn unwanted jewelry into cash, people think they will get a lot of money for their jewelry. Selling jewelry, especially pieces with gold or diamonds, can be quite lucrative. However, sending jewelry through the mail to an unknown company may not be a good idea. Fortunately, there are proven ways to get Highest prices paid for gold and diamonds in Edmond.
When selling a piece of jewelry, it’s important to separate the value of a particular piece from what a website like \ will pay. The thing to remember is when a person sells to a retail diamond or gold buyer, they are selling jewelry to a business looking to turn a profit. With that said, a quality jewelry buyer will often offer 60% to sometimes 80% of the estimated value of a piece.
While this may seem a bit low, considering a piece of jewelry’s estimated value, it really comes down to a trade off. The money paid by a retail gold and diamond buyer is immediate. A person can try and sell a valuable piece at auction, and if getting anything less than a pieces value is unacceptable, that might be the only way to go. However, selling a piece at auction could take time and there is no guarantee that it will sell for its value. It may go higher if it’s a sought after piece, but there is always the chance it will sell far below its value.
Selling to a retail gold and diamond buying may not resemble the Highest prices paid for gold and diamonds in Edmond when compared to selling a piece at auction. However, it’s immediate cash and it avoids the risk of selling a piece at auction and having the piece end up selling for significantly less than what a retailer buyer would have paid in the first place.
If you’re looking for a gold and diamond buyer that will give you a fair price, check out Absolute Diamond. See for yourself whether their prices can meet your needs when it comes time to sell your jewelry.
Follow us on Twitter for more updates!
