As noted in previous discussions of appraisals, “value” has many meanings. If you are interested in the jewelry’s monetary value to you when you wish to sell it, you have a number of options. Perhaps most obvious is your ability to simply solicit offers from several jewelers who are interested in purchasing previously owned jewelry (also known as “estate” jewelry).
If you have the time and the inclination, you can “shop” for jewelry similar to your own. In doing so be sure not to occupy too much of a salesperson’s time without first mentioning that you are not a potential buyer, but rather trying to determine the worth of your own jewelry. Many sales associates in jewelry stores are paid in part by commission, and this makes their time valuable and critical to their ability to make a living.
If the jewelry’s potential value is great enough to justify the expense of doing so, it is important that you consider having a qualified appraiser render a multi-market consumer resale appraisal. The multi-market resale appraisal examines several selling options such as cash sale to a jeweler, consignment sale, auction, or sale to a private consumer.
Posted in: Appraisals and Gemology