In the mean time, you can always try to sell your ring for retail on Craigslist or eBay. You can generally get more this way than selling wholesale to a jeweler, but you have increased risk and time. If you go this route, I suggest meeting at the buyer’s bank, taking along a friend, and reading our guides on how to sell jewelry on eBay and Craigslist. There are quite a few factors that go into determining the value of a piece of jewelry. In general, you can expect a cash wholesale offer between 25-65% of the retail price you see in the store. However, this is a broad generalization, and there are definitely cases that fall outside of that range.
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To get the pennyweight price, divide the daily gold price per troy ounce, $400, by 20. Jewelers weigh gold and the metals used for alloying in troy ounces. However, depending on the circumstances, the terms and units of weight referenced may vary.
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I have had clients who could have saved hundreds of dollars if they would have bought a preowned ring, but refused. When they prove themselves, you can then start making larger orders.
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Selling fine jewelry can definitely be a daunting task, but we’re here to help. It sounds like you have a very interesting piece there. If you could email us some photos of it and include a couple of up-close shots of the markings as well, we should be able to give you some better advice on selling it. Hi, I have some jewelry I would like to sell, preferably ‘easily’.
There are times when the problem for customized jewelry is the design. Having a good communication process with the designer, factory, and manufacturers is a very essential step. Importers need to clearly tell their suppliers in advance that they won’t accept any defective product. You can notify them by mail, verbally, or even via paperwork.