Selling A Ring To A Jewelry Store

Consignment shops much like local jewelry stores consignment shops have their own overhead costs and therefore need to take a large percentage of the price you get for your ring often a minimum of 35.

Selling a ring to a jewelry store. If you have a high end piece in excellent condition the elite location could yield a fine return. If you want to sell quickly and safely with little fuss over marketing target a jeweler diamond dealer or pawnbroker. Check reviews for diamond dealers if you re selling a diamond ring. Another problem is if you are in need of quick cash consignment shops can take a long time to sell your item.

Most jewelry stores and pawn shops pay approximately 50 cents for every dollar of scrap gold value. The primary advantage of selling to someone in the jewelry industry is time. If the value is 1 000 for example a store will offer to buy the ring for approximately 500. Consignment generally consists of a contract for the amount the jewelry will sell for and the percentage the store will keep.

Reply to bob singelais anne gabel 4 years ago. A diamond dealer will sell your rings to the public rather than to stores like an industry dealer would which means you might get a higher price. While it is a financial loss to sell your ring for scrap gold at least you are able to recuperate some of the cost.