Now might be the time to sell your jewelry. According to a recent study by CNBC, the average American household has over $7,000 worth of unused jewelry laying around.
That’s a lot of wasted money! If you want to get rid of your old or unused jewelry, there are plenty of ways to do it.
You can sell it to a pawnshop, an online buyer, or even at a flea market. But before you do that, make sure you know what your jewelry is worth. Get an evaluation from a qualified professional so you know how much money you can expect to get for your pieces.
M.I. Trading offers top dollar for your jewelry, so don’t wait any longer! Contact us today to get started!
Why Now is the Time to Sell Jewelry?
- Inflation
You may have noticed that the cost of living has been going up, and you’re not alone. Inflation is a reality, and it’s only going to get worse.
If inflation continues to rise, the value of your money will continue to drop. That means that the things you worked on so far will be worth less in the future.
You can combat this by selling your jewelry. By selling your jewelry now, you can lock in today’s prices and avoid losing money down the road.
- Diversification
Selling your jewelry is a great way to diversify your portfolio and reduce your dependence on one asset. When you sell your jewelry, you can invest the money in other areas, such as stocks, bonds, or real estate. This will help to protect you from inflation and ensure that your money will grow over time.
- Free up Cash
By selling your jewelry now, you can have the cash you need to achieve your dreams. And you don’t have to worry about losing money to inflation or taking a loss when you sell now since the dollar is high at the moment.
- Rising prices of gold and diamonds – jewelers are paying more for gold and diamonds, so they will likely offer you a higher price than what you might have gotten a year or two ago.
According to Bank of America, diamond prices will rise even more in the next decade. The prediction has increased by 15% from previous predictions. Prices are expected to rise as a result of tight supply and strong demand, which is similar to many other commodities these days. Another set of factors — Russia, China, and inflation — lies behind it.
- Taxes – Selling jewelry may provide a tax break that can be invested elsewhere.
When selling jewelry, you may be able to get a tax break on the money you make from the sale. This money can be used for other investments or expenses. Talk to your accountant to find out more about how this could work for you.
- Divorce – Many people sell jewelry after a divorce.
If you are going through a divorce, you may want to sell your jewelry to help pay for legal fees or other expenses. This can be a difficult time, but selling your jewelry can help you get the money you need to move on with your life.
- Emotional attachment – You may have jewelry that has been passed down through generations or has sentimental value that you no longer want to keep.
Selling jewelry can be a way to release emotions that are attached to the piece. If you no longer want to keep the jewelry, selling it can be a way to let go of the emotional attachment. This can be liberating and allow you to move on with your life.
- You don’t wear it – If you’re not wearing it, there’s no point in keeping it around just takes up space. You can get a better return by selling it and using the money elsewhere. Sell your old, unwanted, or unused jewelry and get money to spend on something you really want or need. There’s no point in keeping jewelry that you don’t wear just taking up space. Get rid of it and get some cash to use elsewhere.
M.I. Trading is a great place to sell your jewelry. We offer competitive prices, a convenient location, and a professional staff that can help you through the selling process. Give us a call today at (512) 817-1582 to learn more about how we can help you get the most for your jewelry.
Keep these points in mind when making a decision on when to sell your jewelry.
The Value of Diamond and Gold and How You Can Benefit From it Today
If you’ve been thinking about selling your diamond and gold jewelry, now may be the time to do it.
Here are a few reasons why:
1. Gold prices are at an all-time high.
2. The diamond market is strong.
3. Jewelry is a great way to get cash for unexpected expenses.
4. You may be able to get a better price for your jewelry than you would for other items.
5. Selling your jewelry is a quick and easy way to make some extra money.
If you’ve been thinking about selling your diamond and gold jewelry or even estate jewelry, now is a great time to do it. The market is strong and you can get a great price for your items.
These are just a few reasons why selling your jewelry may be a good idea. For more information, or to get started, contact M.I. Trading today.
We’re Austin’s leading diamond and gold buyer, and we’re always happy to help. Give us a call at (512) 817-1582 or visit our website at austindiamondbuyer.net. We look forward to hearing from you!
How to use your jewelry to get the best deals?
When you want to buy something, you might use your money or borrow money from somewhere. Another way to get something is to use something that you already have. This is called leveraging. In the case of buying a home, you may be able to leverage your assets, or things that you own, such as your jewelry.
If you have a lot of expensive jewelry, you could offer it as collateral for a loan that would help you buy a home. This means that the lender can take the jewelry if you don’t pay back the loan. But it also means that they will be more likely to give you the loan because they know that they will be able to recover their money if necessary.
So if you’re thinking about buying a home in today’s market, be sure to explore all of your options, including leveraging any fine jewelry that you may have.
Top 5 Interesting Facts About Jewelry
People of all genders enjoy accessorizing jewelry as a fashion statement. However, few people know the backstory or interesting facts about this practice.
If you want to explore more about jewelry and its place in society and history, check out these five random yet fascinating Jewelry Facts.
1. The word jewel stems from the French term ‘jouel’, meaning a toy.
This is largely due to the fact that in the past, only those with money could purchase jewelry; as a result, they began calling them toys. Jewels have also been called ‘baubles’ at some point in history, which is another French synonym for a toy.
2. Where does gold come from? Meteorites!
Every gold ever mined on Earth originated from a meteorite. Scientists theorize that an enormous meteor shower 4.5 billion years ago delivered the precious metal to our planet, back when its crust had just formed. So, the nugget in your jewelry was once drifting through space!
3. In medieval Europe, it was believed that wearing pearls would prevent drunkenness.
This is because of their milky white color, which was often associated with milk – a substance known for its sobering effects. In ancient Rome, it was also believed that pearls could help appease anger and make one more gentle.
4. Diamonds aren’t just clear, they come in all colors of the rainbow.
The most popular and well-known diamonds are clear, but they can actually be found in a whole spectrum of colors. In fact, only about 20% of all diamonds mined are the classic white color. The rest can be found in yellow, blue, pink, green, red, and even black.
5. Emeralds have been around for over 4,000 years.
The first emeralds were mined in Egypt over 4,000 years ago. They were so highly prized by the Egyptians that they were often buried with their owners in tombs. Emeralds were also used to decorate the statues of gods and goddesses.
Looking to sell your jewelry?
That’s where M.I. Trading comes in. If you’re looking for a safe and reliable way to sell your jewelry, M.I. Trading is a perfect choice. We offer competitive prices, a convenient location, and a friendly staff. Learn more about how we can help you get the most value for your jewelry by giving you the best price for your items.
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