Do you have a fine bracelet that you no longer wear — or like?
A piece of jewelry that you know has value, but you no longer like — or perhaps was a Cartier LOVE Bracelet gift or heirloom that holds bad memories?
Or maybe you just need the money, and prefer to unload the item?
Lucky for you, there are quality options for selling your fine gold, platinum, gemstone, diamond and designer jewelry online that will not only help you get the highest price on the market, but also make it very easy and safe.
After all, unless you are a jeweler, it can be hard to know whether you are getting honest information.
- Before you sell your gold and diamond tennis bracelets, what you should know
- How do I get my bracelet appraised near me?
- Where to sell your gold or diamond tennis bracelet
- How to sell your bracelet online using Worthy.com
- How to sell your bracelet online using CashforGoldUSA.com
- How do you know that the price is fair?
Before you sell your gold and diamond bracelets, what you should know:
Unfortunately, the jewelry resell industry can have a bad reputation, and you may be wary of getting ripped off. Thankfully, there are some easy ways to understand the true value of your bracelets or other jewelry, and reputable online companies that will help you sell your jewelry for the highest market price.
Thankfully, the rise of the Internet has created more competition and transparency, and there are several quality, trustworthy online gold and jewelry buyers.
Our top recommendations are:
For most fine jewelry. CashforGoldUSA is our top pic. Insured up to $5,000 by Lloyds of London for door-to-door FedEx deliver and dropoff, CashforGoldUSA has a BBB rating of A+, guarantees highest payout and pays within 24 hours. Plus, 10% bonus if you send in your item within 24 hours.
If your bracelet is worth more than $1,000 or is a brand name, Worthy.com is a unique online marketplace that will auction your bracelet, and you can watch as hundreds of qualified jewelry buyers bid on your item. Also Better Business Bureau A+ rated, and insured up to $100,000. Payment takes longer, however.
Value: How much are your bracelets worth?
To understand the value of your bracelet, it is important to know what you have. A quick visit to a local jeweler for an appraisal can be a good start, but the best way to get the most definitive, reliable resale price, is to buy a certified lab report from one of the leading gem grading companies: GIA or IGI.
While these reports can cost $100 to $200 or more, depending on the materials and quality of your bracelet, one online jewelry buyer, Worthy.com, offers these reports for free. I elaborate on Worthy.com more below.
If you already have a GIA report, or know the mark of metal and size and quality of any gemstones, then peruse some sales via eBay to get a sense of the current jewelry market.
Learn more about how gemstones are valued in our diamond guide.
This gold guide has everything you need to know about current gold prices and selling gold for the most cash.
Scrap gold is best sold at CashforGoldUSA, which specializes in lower-end gold and silver jewelry, including bracelets, as well as scrap gold. Get a free estimate instantly at CashforGoldUSA's online gold calculator >>
How do I get my bracelet appraised near me?
An appraisal is different than a diamond lab report, or a certification from a qualified gemologist.
Most local jewelers in your community will offer an appraisal. This can be a good estimate of the replacement value of your bracelet, which can help you get it insured, and understand more about your earrings. Jewelers will often offer this for free. You can check your local Yelp or Better Business Bureau for recommendations for a trusted local jeweler.
However, if you want to know the true value of what your jewelry is worth, and how much you can get for it by selling, you need a certified lab report.
Agin, a certification — also called a lab report, or grading report — is not the same as an appraisal.
Gemological Institute of America, or GIA, and the International Gemological Institute, or IGI, are both equipped with technical grading equipment, and provide lab reports with estimated resale values based on databases of millions of recent sales.
Worthy.com works with both of these laboratories, which provide the most respected, independent, third-party certifications, a.k.a. lab reports, which costs $100 to $200, or more.
If you chose to sell your jewelry at Worthy.com, you will get a free IGI or GIA certificate, which is yours to keep, even in the event you chose not to sell.
How much are 14k and 18k gold bracelets worth?
Chain jewelry without gemstones, and those that are not marked by a known brand like Tiffany, Cartier, Roberto Coin, or others, are mostly worth what is know as scrap gold — or the price of the weight of the gold itself.
It is a great time to sell gold and silver jewelry, as the price of gold per ounce has been at or near record highs — which typically happens when the economy struggles and stocks go down.
Gold prices are at a 7-year high. As of , the gold price in the USA was at a near-record price of $ per ounce, or $ per gram.
How much are diamond tennis bracelets worth?
The value of your bracelet depends on the materials of which it is made — the more high-karat gold, for example, means the more you will get for it. The more high-quality and large diamonds means the resale value will be higher. If your tennis bracelet is a name brand like Tiffany or Cartier, that adds additional value.
Here are examples of Worthy's recent bracelet sales:
ROUND CUT TENNIS BRACELET, H-I, SI1-SI2 SOLD AT AUCTION FOR $2,880
14k gold custom made tennis bracelet consisting of 35 round shape, natural diamonds , weighing 6.97 – 7.0 carats (cttw). The stones color and clarity ranging H-I and SI1-SI2 respectively, according to GIA grading scale. and carries a IGI grading report.
ROUND CUT TENNIS BRACELET, I-J, SI2-I1 SOLD AT AUCTION FOR $6,277
14k gold custom made tennis bracelet consisting of 33 round shape, natural diamonds , weighing 8.22 – 8.25 carats (cttw). The stones color and clarity ranging I-J and SI2-I1 respectively, according to GIA grading scale. and carries a IGI grading report.
Where to sell your gold or diamond tennis bracelet
Traditionally, if you had fine jewelry to sell, you went to your local jeweler, he or she offered a price, and a deal was struck.
If you lived in a large enough community, you might have the option to shop the item around to several jewelers or pawn shops.
Today, you might find jewelers through Yelp or Google.
Thankfully, today there are great online jewelry buyers for your bracelet or other jewelry for the best possible price.
Not only can you be assured you get the most money for the market, but selling online is also easier than in real life. You typically don't even need to leave your house.
I have researched all the major online jewelry places, and recommend these jewelry buyers:
How to sell your bracelet online using Worthy.com:
- Go to Worthy.com
- Enter your name and email, along with basic information (color, carat weight, clarity, etc.) about your jewelry, including size and grade of your jewelry or stone.
- Receive an estimated market value for your piece right then and there. This process takes about 2 minutes.
- A very nice customer service representative calls to answer all your questions and tells you what will happen next.
- Ship your item. If that price suits you, Worthy will send a FedEx delivery person to your house the next business day (or sometimes the same day!), in which you send the jewelry, diamond or watch to them — Worthy pays for all shipping and insures the item for up to $1 million.
- Agree on a “reserve price,” or the lowest price you are willing to accept.
- Your item is auctioned. Worthy will put your jewelry in front of at least 100 potential buyers worldwide, who can then bid on your item.
- Receive an offer within 7 days of Worthy receiving your item.
- Get paid. After you confirm the sale, you’ll receive payment within 24 hours, including through PayPal or your bank account.
Learn more about my own experience selling a diamond engagement ring in my Worthy.com review.
I was recently on The Doctors, talking about the importance of selling your old wedding ring to pay the bills:
How to sell your bracelet online using CashforGoldUSA.com:
If your jewelry is modest and will sell for less than $1,000, sell to our partner at CashforGoldUSA, where I also sold a modest gold and diamond ring after my divorce.
- The parent company, CJ Environmental, has a BBB rating of A+.
- CashforGoldUSA pays within 24 hours.
- 10% bonus if you send in your item within 7 days.
- Door-to-door FedEx pickup and dropoff.
- 100% guaranteed highest price.
- A Fox News investigation found CashforGoldUSA pays 3X its competitors (!).
More on how CashforGoldUSA works:
How do you know that the price is fair?
One of the biggest challenges of selling your fine jewelry is that you get one quote and have to decide whether or not you are getting ripped off. Of course, you could shop around, but that is a lot of work.
And let's be honest: Jewelers don't have the best reputation. And in an economic recession, you may feel really broke and vulnerable. You worry the gold or diamond buyer will sense your desperation.
Here is why I recommend both Worthy and CashforGoldUSA:
- I have used them myself and had a good experience. I found their process to be very transparent, and gave me a lot of options to back out of the sale. I felt in control.
- They both have high BBB ratings.
- Both have positive mentions in reputable news outlets.
- Both have positive user reviews.
One of the best perks of working with Worthy is that each item is individually photographed and analyzed by GIA, the Gemological Institute of America. GIA is the most trusted institute that grades fine jewelry, and has been around for 90 years.
Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist and author. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, MONEY, O, The Oprah Magazine. Winner of Parents magazine’s “Best of the Web” and a New York Observer “Most Eligible New Yorker,” her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. A popular speaker, Emma presented at the United Nations Summit for Gender Equality. Emma's Top Single Mom Resources.