Thinking of selling old jewelry? These are the common ways to resell fine gold, diamond, gemstone and other jewelry:
- Local jewelry store
- Local cash for gold store
- Pawn shop
- Professional jewelry buyer online
There are highly reputable jewelry buyers like CashforGoldUSA that will help you sell your jewelry quickly, safely and for a fair price.
Below are my top two recommendations, based on my own personal experience selling old diamond and gold jewelry to each of them, plus user reviews, Better Business Bureau ratings, and quality of their customer service.
Where can I sell my jewelry for the most money?
For most gold, silver, platinum and diamond jewelry, I recommend CashforGoldUSA which is accredited and rated A by the Better Business Bureau and guarantee you will get paid within 24 hours.
CashforGoldUSA.com and CashforDiamondsUSA.com have been in business for more than 30 years, and guarantee that you are 100% satisfied with the highest price in the market — or they will return your item immediately, for free. A Fox Business News investigation found the company pays 3X its competitors:
If you send in your item within 7 days, CashforGoldUSA and CashforDiamondsUSA pay a 10% bonus above estimate.
Do you have a gold necklace, wedding band, earrings, gold watch or coins? Consider selling old jewelry now as gold prices hit record highs. Use CashforGoldUSA’s online gold calculator with today’s gold price estimates.
- Where can I sell my jewelry for the most money?
- Best place to sell gold and jewelry: CashforGoldUSA
- Other places to sell jewelry
- Which is the best online jewelry buyer?
- How about selling jewelry near me?
- Is it worth it to sell my jewelry?
Do you have fine, unworn jewelry or watches cluttering your jewelry box, or safety security box?
Many people inherit jewelry like necklaces, earrings, brooches, and watches from loved ones — items that may have complicated emotions attached, no matter how lovely or valuable they are.
Jewelry is an unusually complicated commodity.
It is often gifted between people who have very strong feelings for each other — whether familial or romantic.
Price tags are often high, and the fashion fleeting. Most people don’t know how to value their items, and the risk of fraud and getting ripped off is high.
For those who choose to sell jewelry they no longer want or use, all these complications can be crippling.
So, you likely do nothing, let the items sit, unused in the back of your closet, or cluttering your drawer or dresser top.
If you are lucky enough live in a large town or city, you may have a number of jewelers 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.
Thankfully, there are some excellent, reputable online jewelry buyers where you can easily sell your jewelry, and feel confident you got a high price.
But you still need to research all your options and work with the most reputable jewelry buyers, several of which are noted below.
Here is what you need to know about selling jewelry online:
There are hundreds of places online that will buy your gold, diamond, and other jewelry. Below I break down the pros and cons of the top, most reputable jewelry buyers, and the pros and cons of selling jewelry online.
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.
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.
Where can I sell my jewelry for the best price?
Online jewelry buyers are often more transparent and have lower expenses than local jewelry buyers, so I recommend looking for a company with great user reviews, Better Business Bureau ratings, and thorough customer service.
Here is a quick comparison of top buyers I’ve personally used:
Best place to sell gold and jewelry: CashforGoldUSA
Wondering about the best site to sell jewelry? Our No. 1 recommendation for selling jewelry online is CashforGoldUSA.
CashforGoldUSA and its sister site, CashforDiamondsUSA are owned by the same parent industry, C.J. Environmental, a 30-year old company that is accredited by the Better Business Bureau and has an A rating, paid out more than $52 million for gold and jewelry sales, and was found by a Fox News investigation to pay three times its competitors.
CashforGoldUSA pays within 24 hours, and insures your item up to $5,000 from Lloyds of London. They also pay a 10% bonus above their estimate if you ship within 7 days.
In my jewelry box was a lower-valued ring that a relative had given me when I married. I was now divorced. Time to go!
I had a good experience selling a ring with CashforGoldUSA, and others have as well, including these on the BBB profile:
From past research I’ve done as a business journalist on selling gold jewelry (including dental fillings. I’m not kidding), I know mail-in gold buyers like this can be a good deal, as can your local pawn shop and other gold buyers near you.
Just research them first.
I decided to try CashforGoldUSA.
How to sell jewelry online with CashforGoldUSA:
It was really easy.
- On the CashforGoldUSA site, I plugged in my name and address on their website.
- Within three days I received a USPS mailer. You can also request a FedEx mailer. Both come with tracking numbers.
- I stuck the ring in the mailer, dropped it in the mailbox.
- The next day I received an email with an offer for $159, which I accepted.
- A $159 PayPay payment within 24 hours. You can also get paid by check or bank transfer. BOOM! Ring was sold.
This video does a good job explaining how CashforGoldUSA works:
Pros of CashforGoldUSA
- Easy, straight-forward process.
- Legit gold buyer with a A+ Better Business Bureau rating.
- Pays within 24 hours.
- Free insurance up to $5,000 — and up to $100,000 upon request.
- One of the older online gold and jewelry buyers with more than 35 years experience.
- Quick way to get cash for jewelry, watches, scrap, coins, dental and other forms of silver, gold and platinum, as well as diamond jewelry and loose diamonds.
- You decide whether you want to accept their offer, or not. 100% free, immediate return.
- Earn a 10% bonus above your quote price when you send your item in within 7 days.
Cons of CashforGoldUSA
- Unlike Worthy, the price they offer is based on one evaluation — not several bids from multiple jewelry buyers.
- Generally not a fit for high-end or designer jewelry or large diamonds with a resale value above $5,000.
In short: For quick sales of modest jewelry or gold or silver, CashforGoldUSA is a solid choice for fast money and a trustworthy service.
You can also sell your gold and silver jewelry, coins, silverware (and dental work!) through CashforGoldUSA, the parent company (which has nothing to do with the scandal-ridden Cash4Gold, which was embroiled in lawsuits and scandal for its 2009 Super Bowl ads).
Have questions about the CashforGoldUSA service? Read their FAQs.
Other places to sell jewelry
While we recommend Worthy for higher-end jewelry, and CashforGoldUSA for fine gold jewelry, as well as lower-cost items, there are other reputable online jewelry buyers, too. The following is a list of reputable websites and online buyers to check out:
Where to sell jewelry: Worthy
If you have jewelry valued at $1,000 or more, including a diamond engagement ring, other diamond or gemstone jewelry, or branded items from Tiffany, Cartier or another high-end jeweler, then consider jewelry buyer Worthy.com, an online marketplace where hundreds of vetted buyers bid on your item. Typically, the center diamond of an engagement ring of at least .5 carats will sell for $1,000. Worthy is A+ BBB rated, and insures your item up to $100,000 with Lloyds of London.
How to sell jewelry online with Worthy.com:
- Go to Worthy.com, and get a free estimate for your engagement ring, earrings, watch/timepiece, bracelet or other diamond or fine gold or gemstone jewelry.
- After you enter your information, Worthy will send you a free, insured FedEx or USPS mailer that you can track online. In a few days you will receive a free GIA certified appraisal with all the specifications of your item, and an estimate of how much your item will receive in auction.
- Once you approve the parameters of the sale, watch the auction bids roll in, and see how much your item earned.
- Receive cash payment for your jewelry by Paypal within 24 hours, or a check or bank transfer within a few business days.
Here is why I like selling jewelry online with Worthy:
Excellent customer service
From the moment you go to Worthy.com, a customer service representative connects with you via chat.
From there, you are connected via phone and text to a very nice representative who will answer all of your questions and help you throughout the process.
Quick and easy payment
Once your jewelry is sold, money is transferred within 1 business day via Paypal, 2 business days via bank transfer, or a check can be mailed within 5 business days.
You can get an estimate for your item within a few seconds by plugging in the dimensions and other qualities of your jewelry.
From there, Worthy.com sends you a FedEx mailer, and alerts you every step of the process, so you always know exactly where your jewelry is.
Your jewelry or watch gets evaluated and appraised for free from GIA, or the Gemological Institute of America, a world-recognized laboratory known for its on unbiased, scientifically proven jewelry appraisal.
Whether you chose to ultimately sell your jewelry through Worthy or not, this appraisal is yours to keep.
This is an independent, very respected third-party appraisal — not some guy on the payroll lowballing you with an “estimate.”
Not only is your item sent through FedEx, but it is also insured for up to $100,000.
I have visited the Worthy headquarters in New York City, and I will tell you: security is on lockdown.
It takes three extra security steps just to get up to the company’s offices, and once there, all of the rooms where the jewelry is inspected, received and shipped must be accessed by security pass.
No messing around with your jewels!
Between the GIA report, and the fact that your jewelry or diamond goes to a global marketplace, means you have the greatest likelihood of getting the fairest and highest price for your item.
This unique marketplace model means that Worthy.com brings literally hundreds of potential buyers to your laptop — something you cannot do yourself.
You are in control
Once you receive your GIA value estimate, you have three options:
- Sell your jewelry immediately at the price they recommend, for a guaranteed sum. In this case, Worthy honored this minimum price, sells the ring online, and in the event it sells for more than the estimate, you receive the highest price.
- You set a minimum price higher than the Worthy-recommended minimum, then send it to market, to see what the market will bring — which could be lower or higher than what they quoted. You decide at the time of sale whether to accept the highest offer.
- Set a buy-it-now price. If a buyer bids in this amount, the item will sell immediately and the auction will end.
Worthy buys all your jewelry, as long as the minimum price per item is higher than $1,000, which is a diamond center stone of at least .5 carats of decent quality.
Customer service and experience really are exceptional at Worthy.
Any fears you may have about your jewelry being lost or stolen are quickly set aside, during the evaluation and auction process, you are in constant contact with a member of this jewelry buyer’s staff via phone, chat, email and text.
Worthy makes its money by taking a cut of the transaction value, or the price your jewelry fetched at market.
This is what makes Worthy unique; the other buyback sites simply offer you a price, and you do not know what the company’s commission is.
Worthy’s jewelry-buying system is more transparent in this way.
If your jewelry received a bit of up to $5,000 = Worthy takes 22% of that amount as its commission
$5,001 – $50,000= 15% fee
$50,001 – $250,000 = 10% fee
$250,001+ = 5% fee
How do I know Worthy is a legit business?
Worthy has an A+ rating with the Better Business Bureau, as well as hundreds of testimonials on their site, and around the web. If you are in the New York City area, or plan to be, you can make an appointment and visit them in person. Tell Judy I sent you.
I sold a ring on Worthy, and had a really good experience. Read my Worthy review.
Where you might sell jewelry: WP Diamonds
WP Diamonds is another big player in the diamond, luxury jewelry, handbag and watch resale space.
WP Diamonds has a solid reputation as an online jewelry buyer, and promises to get you a fair price for your diamond or designer jewelry, loose stones (diamonds of at least .5 carat), handbags and watches.
However, theirs is a more traditional buyback platform, in that WP Diamond’s in-house expert will evaluate your jewelry, and then make an offer. Take it or leave it.
Their team of GIA trained gemologists and industry veterans have the necessary knowledge and expertise to accurately price your diamond goods based on the current second-hand diamond market.
WP Diamonds pros
- Reputable jewelry buyer with an A+ BBB rating and over a thousand customer reviews
- Clean, easy-to-use site for selling jewelry online
- Pays cash for your jewelry
- Easy process, including FedEx round-trip shipping, and $150,000 insurance
- Choose to do business via email or phone
- Sell in as little as 24 hours: WP Diamonds buys your jewelry directly, meaning that there are no online listings or auctions to wait for. No haggling or negotiating, simply their best price upfront.
- No fees are deducted from your final offer, the amount you hear is the amount you get paid.
WP Diamonds cons
- The evaluation is done by an internal appraiser, not a neutral third-party laboratory like GIA, which Worthy uses.
- There is just one offer, not a price set by a dynamic marketplace
In summary, WP Diamonds is a reputable online diamond and jewelry buyer, that has been around for a long time. It is the fastest way to sell diamonds safely online to the experts. You can read my WP Diamonds review if you want to learn more about this company.
WPDiamonds vs Worthy
WPDiamonds and Worthy are both reputable companies that pay cash for high-end jewelry. There are, however, a few important differences. WPD specializes in diamonds, designer jewelry, luxury watches and handbags.
The second difference is in the evaluation process and fees. WP Diamonds’ GIA trained gemologists and jewelry experts analyze the second-hand diamond market to provide a fair, honest and competitive price quote for your items. If you are happy with the price quote, they will pay for the shipping and insurance to send your items in for an in-person evaluation and final price. There are no costs deducted from their final offer.
Worthy, on the other hand, gives you an instant estimate, and then conducts a GIA-certified evaluation to come to a more accurate price estimate for your jewelry. There are 5-22% commission fees deducted from the final offer.
Speed: Selling to WP Diamonds does not involve any online listings or auctions. Unlike Worthy, selling to WP Diamonds’ service allows you to sell in as little as 24 hours.
The final difference is in the sales process. When you sell your jewelry through WPDiamonds, you are selling it directly to them. When you work with Worthy, you are selling your jewelry through them, not to them. Ultimately, bidders buying through Worthy’s auction platform will drive the sales price for your piece. There is however no guarantee of a sale, a fee deducted from Worthy’s final offer and if your items do dell, their process ultimately takes more time than WP Diamonds.
WPDiamonds vs CashforGoldUSA
WPDiamonds and CashforGoldUSA are very similar in a number of ways. Both companies provide you with packaging to send your jewelry to them for evaluation. Both companies will conduct an in-house evaluation and make you an offer within 24 hours of receiving your item. Both companies will pay you within 24 hours of you accepting an offer.
The greatest point of difference between WPDiamonds and CashforGoldUSA is in their target market. CashforGoldUSA focuses their business more on scrap metal and small diamonds, making them better suited for selling lower end pieces of jewelry. WP Diamonds, on the other hand, specializes in high-end jewelry. While they will purchase diamond jewelry of any carat weight from luxury brands, the company will only purchase unbranded diamonds that are at least .5 carats. WP Diamonds also purchases luxury watches, handbags and designer jewelry.
Where you might sell jewelry: Circa (previously Mondiamo)
Mondiamo was a relative newcomer to the online diamond and jewelry buyer market which partnered with BlueNile, a retail leader in the online diamond engagement ring world.
In early 2020, Mondiamo merged with a competing company, Circa. Circa has maintained Mondiamo’s relationship with BlueNile and has an A+ rating with the BBB.
Circa pays cash for jewelry, and accepts high-end branded jewelry, as well as diamonds of at least .4 carats, and engagement rings. They will also purchase historical or estate jewelry including pieces such as: Antique, Edwardian, Georgian, Art Nouveau, Belle Epoque, Art Deco, Retro, Modern.
Circa has 14 physical locations (11 in the U.S. and 3 international), if you prefer you can schedule an appointment for an in-person evaluation of your jewelry. Whether in -person or online, if you accept the offer, you will be paid immediately
If you provide a grading report from the GIA, EGL, IGI, AGS, GSI, GCAL, IIDGR, or HRD, Circa provides a guaranteed offer range. Once you mail in your jewelry, Circa is able to guarantee a final offer that falls within this range. The company claims that more than 90% of its customers receive a final offer price higher than the midpoint of the guaranteed range (which includes shipping and insurance). Mondiamo’s 15% fee is already calculated into the range.
- Works in partnership with diamond retailer BlueNile, and promise to offer a high price to you by cutting out the middleman
- Better Business Bureau rating of A+.
- Website’s videos and posts create transparency.
- Fully insured FedEx delivery — both from you to Circa, as well as returns, when relevant.
- This jewelry buyer only deal in jewelry with a diamond of at least .4 carats.
- If you do not have a lab report, you must send in your item for evaluation and grading before an offer is made.
- That offer is good for just 7 days, after which you have to start the whole process over again.
In short, Circa is a solid company that brings the BlueNile experience full circle, promising to offer jewelry sellers high prices by removing the middleman.
Circa vs Worthy
Selling your jewelry through Circa (previously Mondiamo) works in much the same way as selling your jewelry through other sites in that they will conduct an evaluation of your item and then make you an offer, which you can accept or decline. Worthy doesn’t purchase your jewelry directly, but instead acts as an auction platform for your sale. Though Worthy provides you with an estimate of what they believe your piece will sell for, how much you make will ultimately be decided by the bids that it receives in Worthy’s marketplace—which can be much higher than the initial estimate.
Circa vs CashforGoldUSA
Though Circa and CashforGoldUSA both purchase jewelry, Circa specializes in high-end designer jewelry while CashforGoldUSA focuses on scrap metal and smaller diamonds. While Circa only accepts jewelry with a diamond of at least .4 carats in size, CashforGoldUSA does not have a minimum carat requirement. This makes CashforGoldUSA a better option if you are selling lower-end pieces of jewelry, and want your money in 24 hours.
Where you might sell jewelry: The Real Real
TheRealReal.com is an excellent online luxury consignment site (similar to, but different from jewelry buyers at Worthy and CashforGoldUSA.
From the consumer standpoint, this is an excellent portal of gently used, high-end and designer furniture, rugs, clothes, accessories and fine jewelry and watches.
Consignment means that you, as the seller, go through the website to create an account and send in your watch or jewelry.
From there, you meet virtually with one of the Real Real’s in-house gemologists, using GIA standards, and agree on a price.
The Real Real then takes photos of the item, and posts it along with important details and the price on their site.
Once the item is sold, you receive payment, minus the consignment commission:
- In this case, The Real Real takes 30% of the sales prices for jewelry priced at $1,000 or more, and watches listed at $1,000 to $2,400.
- Watches priced at more than $2,500 come with a 15% commission paid to the company.
- Receive a 5% bonus if you chose to take the profits in the form of site credit.
- Items priced at $200 and less are subject to a 50% commission fee.
Items not sold within a year are sent back to the consignor at The Real Real’s expense.
The Real Real pros
The Real Real is a solid company with good customer service and an A+ BBB rating.
The process is transparent, since you can see what the listed price is, and know up-front what the consignment fee is.
Jewelry priced at $750 and more can be subject to a ‘price approval’ by the seller.
The Real Real cons
Fine jewelry and watch sales are not the sole focus at this company, but just one. In other words, TheRealReal is not a full-service jewelry buyer.
The site’s fine jewelry selection is varied, with many styles, prices and brands, but with a special focus on branded, luxury items — and styles that the team is confident will sell for a high price, quickly.
Meanwhile, other sites like Worthy focus very narrowly on fine jewelry, lose gemstones and diamonds, and watches, which means that unlike The Real Real, Worthy will accept jewelry regardless of the setting, as long as the stones are marketable.
In other words, you are much more likely to sell your item via a site like Worthy than a consignment site which will only want the most current trends, or high-end designers.
- At the Real Real, you do not get a free valuation.
- Their grading report is generated in-house, not by a neutral third-party laboratory.
- Payments are made just once monthly, so it can be up to 30 days before your payment is made.
- Acceptance and price are set by The Real Real alone. As long as the item is listed, The Real Real may choose to discount your item.
Takeaway: This is a cool site for shoppers, but may lack the depth of services for sellers.
The Real Real vs Worthy
On surface level, Worthy and The Real Real may appear to be fairly similar. While both companies deal in high-end jewelry and luxury brands, the way they operate is substantially different.
In essence, The Real Real is an online consignment shop. If you choose to work through them, The Real Real will evaluate your jewelry and determine a price that your item will be listed for. Once it sells, you will receive your payout—minus The Real Real’s commission, which can reach as high as 30% of the price.
Worthy is different in that Worthy is essentially an online auction house. Though they provide you an estimate for what they believe your jewelry will sell for, the final sales price is determined by the buyers bidding on your item through the platform. Worthy’s fees are determined on a sliding scale, where fees are lower as the sale price for your item rises. Their highest fee is 22%.
Another key difference is in the speed of payment: While The Real Real makes payments just once monthly (currently on the 15th of each month), Worthy pays out within several business days of a sale.
The Real Real vs CashforGoldUSA
If the jewelry you’re selling isn’t high-end or a luxury brand, sites like The Real Real and Worthy won’t accept it. In cases like this, CashforGoldUSA and CashforDiamondsUSA (a sister site) can be an excellent means of selling your jewelry. In addition to having more than 30 years of experience as a jewelry buyer and an A+ rating with the BBB, CashforGoldUSA is known to pay more than its competitors and to pay quickly—within 24 hours of you accepting their offer.
Additionally, whereas The Real Real only makes payments once a month (and only after a piece of jewelry sells), CashforGoldUSA pays you within 24 hours of your acceptance of their offer.
Where you might sell jewelry: Ruby Lane
Ruby Lane is another popular online marketplace that specializes in jewelry, vintage collectibles, antiques, fine art, fashion, and other similar items. The company was founded in 1998 and is headquartered in San Francisco.
In terms of format, Ruby Lane is somewhat similar to Etsy in that sellers must create a “shop” in order to list an item for sale. But whereas nearly anyone can open a shop and list items for sale on Etsy, Ruby Lane requires sellers to meet a strict set of standards before they are able to open for business. According to the website, up to half of new shop applicants are denied their application because they do not meet the requirements.
Shop owners looking to sell jewelry on Ruby Lane will need to meet additional criteria, and their pieces must fall into one of the categories below to qualify for listing:
- Antique: The item is at least 100 years old and is valued at $50 or more
- Vintage: The item is at least 20 years old and is valued at $10 or more
- Artisan: The item is valued at $20 or more and is artisanal in nature, with a preference for unique or one-of-a-kind items
- Contemporary Fine Jewelry: The item is less than 20 years old, handcrafted, made from precious metals, and valued at $250 or more
As such, Ruby Lane is best suited for professional jewelry sellers or those who are selling a collection consisting of at least 10 pieces.
Ruby Lane pros
- More than 1 million visitors each month means your items can get in front of a lot of buyers
- The site is known for listing items of quality, attracting buyers who are more likely to spend higher amounts
- Ruby Lane has a 4.6 star out of 5 stars on Trustpilot, and an A+ rating from the BBB
Ruby Lane cons
- Maintenance fees: Ruby Lane charged all shop owners a monthly maintenance fee depending on how many items are listed. The minimum monthly fee is $54 per month for shops with up to 50 items listed.
- Service fees: Ruby Lane charges the seller a 6.7% service fee on the total purchase order, to a maximum of $250 per transaction
- Strict requirements for opening a shop make it a hassle to sign up
- Opening a shop requires you to list a minimum of 10 items for sale, making it unwelcoming for casual sellers
- Jewelry made from precious metal without a fineness mark must be laboratory tested in order to list
- Mass-produced jewelry is not accepted
- Unset stones are not accepted
Ruby Lane vs. Worthy
Though at first glance Ruby Lane and Worthy may seem similar, they are different in a number of key ways.
First, Ruby Lane requires sellers to list at least 10 items for sale in their shop, which caters more to professional sellers than the average person looking to sell a piece of Jewelry. Additionally, other strict requirements must be met in order to open a shop on the site. With Worthy, the process is much simpler: So long as your piece of jewelry is valued at at least $1,000 and meets a few other standards, you can sell it through Worthy.
Second, while Ruby Lane allows anyone to purchase through their marketplace, Worthy only sells to vetted buyers. Higher quality buyers mean higher quality inquiries, and a greater chance of selling your piece for more money. Worthy’s platform also serves as an auction house, which can help drive prices up further.
Finally, because Ruby Lane charges shop owners a monthly maintenance fee in addition to a transaction fee, they make money whether or not your item sells. Worthy does not charge a listing fee or maintenance fee; they only charge a transaction fee, which encourages sales so that you get paid faster.
Ruby Lane vs. CashforGoldUSA
Ruby Lane specializes in antique, vintage, and otherwise high-end jewelry. If your item does not fall into one of those categories, then Ruby Lane simply won’t accept it. The site also does not accept broken jewelry, jewelry scraps, unset stones, or other components.
CashforGoldUSA and its sister site, on the other hand, will accept jewelry regardless of its age, value, or whether or not it is mass produced. Broken pieces, scrap metal, and unset diamonds are all accepted.
Where you might sell jewelry: Sotheby’s
Sotheby’s Auction house is one of the most famous, traditional places where high-end art, furniture, jewelry and other collectibles have been sold to collectors, galleries and very rich people.
Sotheby’s boasts that it has sold 4 out of the 5 most expensive jewels ever offered at auction:
- “CTF Pink Star,” a 59.60ct oval-cut Fancy Vivid Pink diamond sold in 2017 for $71.2 million at Sotheby’s Hong Kong.
- “Apollo & Artemis diamonds,” a 14.54ct Fancy Vivid Blue diamond and a 16ct Fancy Intense Pink diamond for $57.4 million at Sotheby’s Geneva.
Today, you can sell jewelry that is valued for as little as $2,000 or $3,000 at Sotheby’s — which can be exciting!
Pros of Sotheby’s
- Glamorous association. Trusted name.
Cons of Sotheby’s
- Selling through Sotheby’s is not truly an auction experience, but rather consignment — you are just listing your item on their site for others to buy. No exciting live auction experience.
- Commissions at international auction houses are typically 25%
- You pay upfront for listing and grading your jewelry. No free lab report or listing, like Worthy provides.
- Sotheby’s only accepts higher-end jewelry, and typically only name brand pieces. For CashforGoldUSA and Worthy both accept a wider range of jewelry.
Where you might sell jewelry: Christie’s
Similar to Sotheby’s, Christie’s is a known and trusted international auction house with locations throughout the world. Christie’s sells jewelry through 26 auctions per year, as well on its website, and through private sales at its “Christie’s Salons” in London and New York. These private sale salons are simply showrooms where estate jewelry is for sale at retail prices starting at $2,000.
Pros of Christie’s
Trusted, known brand with an international customer base. Get a free auction estimate by submitting photos online. A sales associate will help you decide whether your item is best served for sale by auction, private or online sale.
Cons of Christie’s
Christie’s does not provide free auction estimates for items it does not want to represent, including jewelry.
You pay shipping.
Expect an estimate in 3 to 6 weeks — and then wait for a sale or auction weeks or months later. This is much slower than Worthy.com which can sell submitted jewelry within a week. CashforGoldUSA promises payment within 24 hours, and a 10% bonus for items mailed within 7 days.
How about selling jewelry near me? What is the best place to sell jewelry near me?
Selling jewelry to a jeweler near you can be a solid choice if you have a jeweler you know and trust. This can also ensure a quick, cash sale. Just google “jewelry buyers near me.” However, it may be worth the time to send in your jewelry to CashforGoldUSA or Worthy (for free) to get a second offer.
FAQs about selling jewelry for cash
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 items increase in price with age, while vintage items, less than 100 years old, are just considered old — and less valuable.
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.
What can I do with broken silver jewelry?
If you have silver jewelry that you love, but broke, you can have it repaired at a jeweler near you. Or, if you no longer wear it, sell it as scrap silver for quick cash. Learn about top silver buyers, though CashforSilverUSA, the sister site of CashforGoldUSA is our top recommendation.
How much does silver jewelry sell for? How much is it worth?
You will get the price of silver at that day, times its weight and quality. Typically, the sums are low, such as $20 or less for a silver band, or $30 for a silver chain necklace. Jewelry with stones sell for more, as do designer pieces, or those that are handmade, Native American collectors items or other desirable pieces that will resell, and are not suitable for scrap.
How to sell silver jewelry
The easiest way to sell your silver jewelry would be to bring it to a silver exchange or to use an online service. These services will accept your jewelry and pay you based on the amount of silver that it contains—easy enough! They’ll then proceed to melt the jewelry down so that it can be repurposed.
Silver jewelry is often 92.5% silver (sterling silver).
If the jewelry is antique or unique in some way, though, it may hold more value in its current state than it would being melted down. A pawn shop, jewelry shop, or appraiser can help you understand if the piece holds more value than simply the value of its weight in silver.
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.
Understand the quality and value of gold, platinum or other precious metals that your jewelry is made of, including recent market prices for gold.
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.
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.
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 price in the United States 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.
But 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.