Do you have old gold or silver chains, pearls, diamond or gemstone rings and bracelets you no longer wear or like? Not sure how to sell them for cash? Keep reading for details on how to understand value your fine jewelry. If you are ready to sell and and not sure where to sell your jewelry, this post details the best jewelry buyers.
Our No. 1 recommendation for selling jewelry is CashforGoldUSA, which has an A+ rating with the Better Business Bureau, pays within 24 hours, and was found by a Fox Business News investigation to pay three times its competitors.
Here is what you need to know about selling jewelry:
- How to sell jewelry
- Best way to sell jewelry
- What to know before you sell your jewelry
- FAQs about selling jewelry
How to sell jewelry
If you live in a large town or city, you may have a number of jewelers near you, online auctions, consignment or pawn shops you can ask about the value of your jewelry or watch, and go with the highest price.
But even then, you are limited to a handful of buyers.
How to sell gold jewelry
Gold jewelry, unless it is a brand, is typically melted down for scrap, and sold at slightly above melt price for the price of gold that day. This post explains how to understand the value and price of your gold, as well as where to sell it for the highest price.
How to sell silver jewelry
Silver is far less valuable, but also worth its weight times that day's silver price. Learn more about selling silver jewelry, silverware, and other silver in our overview.
What is the best way to sell jewelry?
While selling to a local jeweler or pawnshop may give you quick cash, online buyers typically pay more than brick-and-mortar jewelry buyers.
There are hundreds of places online that will buy your gold, diamond, and other jewelry.
You will see that we mostly feature online jewelry buyers. While there are certainly many reputable, honest local jewelry stores, selling your jewelry online really is the best. Whether you have gold, diamond and other fine jewelry, selling to an online jewelry buyer or via an online auction gives you the best chance to get the highest price, and with the most convenience and trust.
How can I sell my jewelry fast?
The quickest way to sell your jewelry is to walk into a pawn or jewelry store and sell it for whatever they offer. However, those places can smell desperation from a mile away, so do no expect to get the most money.
The online jewelry buying industry is very competitive, and a handful of quality jewelry buyers highlighted here can be trusted to give you the highest price, and in the case of CashforGoldUSA, within 24 hours. Read our CashforGoldUSA review, which explains:
- CashforGoldUSA pays within 24 hours,
- Found by Fox Business News investigation to pay 3X their competitors
- BBB A+ rating
- Price match guarantee
- Free return guarantee
- 10% bonus if you ship within 7 days
Before you sell gold or jewelry, here are some tips
Whatever reason you are researching how to sell your jewelry online, it is no doubt a big decision, and there may be a fear of getting ripped off.
Understand how jewelry is appraised, including the difference between an insurance appraisal and lab report.
Learn more about whether your diamond is real, the 4 C’s and other things that affect how your diamond is valued, and how to sell your diamond.
And research the best diamond buyers, including those near you.
Bottom line? Over the years I have deeply investigated, tested and reviewed the top online jewelry buyers and am confident to recommend CashforGoldUSA and Worthy.com as the most credible, trustworthy sites that will pay the highest price.
How do I find out how much my jewelry is worth?
It can be helpful to stop in a local jewelry store to get an estimate of how much your ring, bracelet, earrings or necklace are worth, and a few details about the carat of gold, or size and grade of a diamond.
However, to get an actual resale offer, for free and quickly, our recommendation is to send your jewelry to CashforGoldUSA, which will insure your item up to $5,000 or more through Lloyds of London, and provide a free door-to-door FedEx or UPS with a tracking number. If you accept their offer, you get paid within 24 hours. If not, they will return your item for free immediately, no questions asked.
There are many factors that play into how much you can get for your jewelry:
- The 4cs of your diamond, or value of the center gemstone
- The karat and weight or quality of the gold or platinum
- Whether it is a brand like Tiffany or Cartier
- The style — if your jewelry is currently in style it can attract a higher price
- Condition — does the stone need to be polished or recut? Does the metal need to be reworked?
- Age – some antique jewelry increases in price with age, while vintage items, less than 100 years old, are just considered old — and less valuable.
FAQs about selling jewelry for cash
These are common questions you may have about selling your jewelry:
Is it safe to sell jewelry online?
I highly recommend selling your jewelry online. This is safe and secure, and it is easy to get multiple quotes in this highly competitive market. If you don’t like a quote, a reputable jewelry buyer is happy to overnight your jewelry back to you, free of charge.
Is it worth it to sell my jewelry? How much does jewelry sell for?
Answer: Gold prices per ounce have been at or near record highs in recent months. The market for recycled diamonds is hot. Get a quick appraisal estimate for your jewelry at Worthy.com >>
Check out gold prices and get a free estimate at CashforGoldUSA, which Fox News found to pay 3X its competitors. They pay a 10% bonus if you send in your item within 7 days.
The power of decluttering is especially true for women going through the end of a relationship: a divorce, the end of a serious, long-term romantic relationship, or even the death of a loved one.
If you are wondering whether it is worth it to sell your old jewelry, consider that holding on to it is money that you are not using to invest in other experiences or purchases that bring value to you, your family, and world:
- Pay off debt
- Go back to school
- Start a business
- Invest in your business
- Buy a home
- Buy a car
- Get a boob job or other cosmetic surgery
- Renovate or redecorate the house
- Buy a second house
- Settle your divorce already
- Build that $1,000 emergency fund
- Help out a family member or friend in need
- Donate to charity
- Pay for your kids’ camp or college
- Go on vacation with the kids
- Go on vacation with your man
- Go on vacation with yourself
- Buy yourself a fabulous new piece of jewelry!
With the money I made on selling my own ring, I helped my ex take the kids to Greece to visit their family.
Where can I sell expensive, high-end jewelry?
Worthy, with its free GIA report and auction format, is uniquely positioned to help you sell large diamonds and high-end, and expensive branded jewelry. Worthy is our recommendation for jewelry that will go for at least $1,000. Read our Worthy.com review.
How much is my engagement ring worth?
The value of your ring depends on many factors. These include the materials used (quality of gold and/or platinum), the quality and size of the diamonds, if it is has a designer luxury mark, and the market value of your ring.
The best way to determine the value of your ring is through a formal appraisal at a local jeweler near you, which I recommend for items valued at less than $1,000, or, if you expect the ring to be worth more than that sum, get a GIA or IGI certificate, which will cost you around $100 or less. If you chose to go through Worthy.com (which only accepts items for its online auction of at least $1,000), then they pay for a GIA or IGI lab report and certificate, 100% free.
Here are a few recent examples of diamond engagement rings sold at auction at Worthy.com:
1.2 carat oval-cut ring, J-K color, VS1-VS2 clarity, with surrounding diamonds total carat weight of .74 carats: $2,187
0.75 carat marquise-cut 3-stone ring, F-G color, VS1-VS2 clarity: $1,245
1.26 carat round-cut solitaire, G color, VS1 clarity, 18-carat gold band: $7,409
How much is a wedding ring worth?
The higher the karat amount, the more valuable it is. Again, this depends on the factors mentioned above. A simple, thin chain necklace without gemstones, will typically be worth between $100 and $200 in scrap prices. Meanwhile, Worthy sells many necklaces for thousands of dollars. Examples include a 35-gram 14k gold and diamond necklace for $1,858, and a 15-gram 18k gold and diamond necklace for $4,050.
Gold prices are at a 7-year high. As of , the gold resale value in the USA was at a near-record price of $ per ounce, or $ per gram.
According to the gold calculator at CashforGoldUSA:
10k gold wedding ring is worth: $116.78
14k gold wedding ring is worth: $163.83
18k gold wedding ring is worth: $210.04
Simple jewelry, including a solid-metal wedding ring, or one with small stones, can be sold to a local jeweler near you, gold buyer near you, pawn shop, gold and silver exchange, or a reputable online buyer like CashforGoldUSA.
Takeaway: Just trade your diamonds for cash, and call it a day.
In short …
If you have a valuable gold, gemstone, or diamond, best place to sell is via online auction at Worthy, which has an A+ BBB rating, gives you a free GIA or IGI certification, excellent customer support and puts the sale process in your hands, all from the comfort of your home.
Which is the best online jewelry buyer?
So, which is the best online jewelry buyer? Worthy.com stands out for its unique auction platform that increases your chances of attracting bids from qualified buyers, and driving the price up. It’s history of excellent customer service, free third-party lab reports from IGI or GIA, as well as many happy customers makes Worthy the strongest choice for items that will sell for $1,000 or more.
If you have gold jewelry, or other jewelry that is less special we recommend selling jewelry online with CashforGoldUSA and get paid in 24 hours from this A BBB rated company. Send in your item within 7 days, and get a 10% bonus.