What Is My Jewelry Worth?
Posted on July 12, 2023
Maybe you have inherited family heirlooms or maybe you are cleaning out your jewelry box. Either way, you may be wondering: “What is my jewelry worth”? Selling jewelry that you no longer wear allows you to put that value toward something you would enjoy far more.
Numerous factors that can affect the value of pre-owned jewelry. Learning more about your jewelry’s value will help ensure you receive its full second-hand value when you decide to sell.
RETAIL VALUE VS. RESALE VALUE
Some considerations play into the value of your jewelry including quality, brand, and market demand. It is important to note that the retail price you originally paid for your jewelry will differ from the resell price a willing buyer will pay.
FACTORS THAT IMPACT THE RESALE VALUE OF FINE JEWELRY
CRAFTSMANSHIP: The structure of a high-quality piece is harmonious and symmetrical. The mechanical parts should all function properly.
BRAND: Certain collections from luxury designers may hold their value due to high desirability
MARKET VALUE: Whether a piece of jewelry is from a well-known brand or is unsigned, its salability in the current market has a big impact on its resale price
RAW MATERIALS: A pieces’ precious metals and high-quality gemstones, including carat weight, are vital in assessing the value
CONDITION: If a piece of jewelry has been well cared for and is in good or excellent condition, this has a positive impact on its resale value
RARITY: Supply and demand determine the rarity of a piece of jewelry, and rarity depends on how much consumers want a specific piece of jewelry or design
ERA: Jewelry from specific historical periods may be worth more in value
At Private Jewelers, selling your luxury pieces is a seamless process. Our GIA trained gemologist and expert jewelers have decades of experience understanding the intricacies of the luxury market. All jewelry is fully insured while in our care. We will provide a detailed analysis of your jewelry and explain every factor that determines our buying offer.
We encourage you to visit us in-store in Delray Beach. We’re proud to have a trustworthy reputation within our community and a commitment to providing our customers with exceptional and personalized service.
Let’s start with a conversation. (561) 272-9800