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Should You Sell Your Jewelry Online or In-Person?

by | May 11, 2022 | Jewelry, Jewelry Selling, M.I. Trading tips, Selling Diamonds, tips

Home » Should You Sell Your Jewelry Online or In-Person?

You’ve got some jewelry that you don’t wear anymore and you’re thinking about selling it. Do you sell it online or in-person?

It can be tough to decide whether to sell your jewelry online or in person. There are pros and cons to both options.

Selling your jewelry online (or in auctions) can be convenient, since the buyer can evaluate your items and you don’t need to go to them. However, there is always the risk that your item may not sell or that you may not get the price you want. Selling your jewelry in person can be inconvenient, but you may be able to get a higher price for your item and you’ll have the satisfaction of knowing that it’s gone to a good home.

Ultimately, the choice is up to you. If you’re comfortable with selling your jewelry online, that can be a great option. But you have to understand the risk in shipping your fine jewelry and also the high chance of not getting the price they suggest before you ship it. If you’d prefer to sell in person, look for local jewelry buyers in your area and get started today!

So which is the best option – selling your jewelry online or in-person? The answer depends on your preferences and comfort level. Whether you choose to sell online or in person, just make sure that you do your research first so that you can get the most value for your items.

Each option has its own set of benefits and drawbacks, so it can be tough to decide which is the best option for you. In this article, we’ll take a look at the pros and cons of each option so that you can make the best decision for yourself.

Should You Sell Your Jewelry Online or In-Person?

Selling your jewelry online:

The main benefit of selling your jewelry online is that it’s convenient. You can do it from the comfort of your own home, and you don’t have to go through the hassle of finding a buyer in person.

When selling jewelry online, you may find that you get a lower price than if you were to sell it in person. This is because buyers on online auctions can be picky and may not be willing to pay as much as someone who is an expert in jewelry evaluation and able to see and inspect the jewelry in person. Additionally, there is always the risk that your item may not sell at all.

On the other hand, selling jewelry online can be a great option if you don’t have the time or inclination to go through the process of finding a buyer in person. You can simply put your items up for auction and let the buyers come to you.

Some of our local clients have tried selling their diamonds and fine jewelry online. Here is one story. A nice lady makes an appointment with our Gemologist Moran Tairy owner/founder of M.I. Trading and he evaluates her jewelry. He explains to her the process of how he gets to the price and gives a price of $1600 to buy the jewelry on the spot. She tells him that she was told by an online buyer that she could get over $3000 for the jewelry and thanks to him and leaves.

After a few weeks, this lady comes back to our offices and tells Moran that she sent off her jewelry to this online buyer and when they evaluated the jewelry they gave her a price of $1200. She was shocked and asked why they told her $3000 in the beginning.

They began talking about inclusions and imperfections in the diamonds, etc. So she asked them to send the jewelry back to her and came to us to get a good and fair price. The moral of this story is that online buyers can tell you anything upfront to get you to send in your jewelry and once it is there, they might tell you all about how the condition of the jewelry makes it much less valuable.

Because the jewelry is already at the online buyer, most people will just take the much lower price so as not to have to ship it back and find another buyer. Always check with your local buyer first!

Selling your jewelry in person:

The main benefit of selling jewelry in person is that you may be able to get a higher price for your items. This is because buyers who see and inspect the jewelry in person are more likely to be willing to pay a higher price than those who are buying online after seeing your jewelry and knowing it is more convenient for you to sell lower than go through the hassle of getting the jewelry back.

If you sell your jewelry in person, you’ll be able to avoid many of the risks associated with selling online. There is always a risk of items getting lost or stolen in transit. You’ll also be able to negotiate a better price for your jewelry since you’ll be dealing with the buyer directly.

Another benefit of selling in person is that you can often find buyers who are looking for specific items, which may be more rare or valuable. This can be a great option if you have something unique that you think would be of interest to collectors.

The main drawback of selling in person is that it can be time-consuming. You’ll need to find buyers who are interested in your items, and you may need to travel to meet them. However, this is less time-consuming and safer than shipping your items back and forth to different buyers for evaluations.

Expert Jewelry Evaluation Tip: However, there are some drawbacks to selling online as well. First of all, it can be difficult to find a reputable buyer who will pay you a fair price for your jewelry. There are also many scams associated with selling jewelry online, so you need to be careful to avoid them. Finally, shipping your jewelry can be risky, as it can be lost or damaged in transit.

Pawnshops:

Another option available to you is to sell your jewelry at a pawn shop. Pawnshops are a good option if you need cash quickly, as they typically offer a quick and easy transaction. Selling to a local jewelry buyer can also get you cash quickly and will likely give you the best market value. You will likely get a lower price for your jewelry at a pawn shop than if you were to sell it privately or online.

This is because pawn shops are in the business of buying low and selling high, so they will typically offer you less than what your jewelry is actually worth. They may also try to pressure you into accepting a low offer, so be sure to know the value of your jewelry before going in.

When it comes to selling your jewelry, there is no one-size-fits-all solution. The best option for you will depend on your individual circumstances and preferences. If you’re not sure where to start, we recommend doing some research online or talking to a local jeweler to learn more about the options available to you.

In the end, it comes down to your personal preferences and situation. If you’re looking for convenience and don’t want to deal with the hassle of finding a buyer in person, selling online may be a good option for you. However, if you are looking for a higher price or are interested in selling unique items that may have collectors’ value, then selling in person or at a pawn shop may be better. Ultimately, only you can decide which option is right for you!

FAQs About Should You Sell Your Jewelry Online or In Person

Are there any other factors I should consider when deciding whether to sell my jewelry online or in-person?

The best option for you will ultimately depend on your individual preferences and situation. Other factors to consider include the value of your jewelry, the time you’re willing to invest in finding a buyer, and the level of risk you’re comfortable with. Shipping diamonds and fine jewelry is riskier than bringing them to a local buyer.

What are some things I should keep in mind if I decide to sell my jewelry online?

If you do decide to sell your jewelry online, be sure to do your research to find a reputable buyer who will give you a fair price for your items. You should also be aware of the risks involved in shipping your jewelry, as it could be lost or damaged during transit. Be prepared for a lower final price than what they quoted you in the beginning. Finally, make sure you are familiar with the terms and conditions of the auction site or marketplace you are using.

How do I know if a given buyer is reputable? What questions should I ask before deciding to sell my jewelry?

One good way to determine whether a buyer is reputable is to do some research online and look for reviews or testimonials from other customers. You should also ask about the payment terms, shipping process, and return policies before making any decisions. Other important questions include how long the buyer has been in business and what sort of experience they have with buying used jewelry. Finally, you may want to consider asking for references from previous clients so that you can speak directly with them about their experience.

Did You Know Who Owned The First Engagement Ring?

In the West, we’re so used to engagement rings that it’s difficult to imagine a time when they weren’t around. Until 1477, this wasn’t the case, until romantic Maximilian of Austria presented his beloved Mary of Burgundy with a ring as a promise for their wedding. This caught on and engagement rings have become a multi-billion dollar business in today’s society.

Customer Testimonials

Moran had a thorough look at some old jewelry, explained some of it, and made an offer that was competitive with other jewelers/gemologists. I knew I had a good offer from him and was happy to do business with him – highly recommended!

-Bill Herring

Moran is such a lovely person and the entire experience was great. Communication was fabulous and the process was very clear from the beginning, including being in a very professional and safe office building, making me very comfortable with bringing him a high-value piece of jewelry. The price for the piece was more than fair and I would highly recommend M.I Trading to anyone. Customer service is above and beyond!

-Mel P.

Moran is a gentleman and a truly honest dealer. He obviously is an expert in his craft, tells you the truth even if it hurts, and is a pleasure to work with. I was extremely happy with his service, I trust him, and will definitely work with him again.

-Pamela Dempsey

Considering selling your jewelry?

M.I. Trading, LLC is a reputable and reliable company that would love to help you sell your jewelry in person!

We offer competitive prices and a hassle-free experience! You can trust us to provide the best customer service possible.

Contact us today at (512) 817-1582 or [email protected] to get started!

Client Testimonials

Moran had a thorough look at some old jewelry, explained some of it, and made an offer that was competitive with other jewelers/gemologists. I knew I had a good offer from him and was happy to do business with him – highly recommended!

Bill Herring

Moran is such a lovely person and the entire experience was great. Communication was fabulous and the process was very clear from the beginning, including being in a very professional and safe office building, making me very comfortable with bringing him a high-value piece of jewelry. The price for the piece was more than fair and I would highly recommend M.I Trading to anyone. Customer service is above and beyond!

Mel P.

Moran is a gentleman and a truly honest dealer. He obviously is an expert in his craft, tells you the truth even if it hurts, and is a pleasure to work with. I was extremely happy with his service, I trust him, and will definitely work with him again.

Pamela Dempsey

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