Selling A Ring To A Jewelry Store

The dealer will take a 25 to 40 percent commission for selling your ring.

Selling a ring to a jewelry store.

Consignment shops much like local jewelry stores consignment shops have their own overhead costs and therefore need to take a large percentage of the price you get for your ring often a minimum of 35. If you want to sell quickly and safely with little fuss over marketing target a jeweler diamond dealer or pawnbroker. Consignment generally consists of a contract for the amount the jewelry will sell for and the percentage the store will keep. A diamond dealer will sell your rings to the public rather than to stores like an industry dealer would which means you might get a higher price.

While it is a financial loss to sell your ring for scrap gold at least you are able to recuperate some of the cost. Another problem is if you are in need of quick cash consignment shops can take a long time to sell your item. Check reviews for diamond dealers if you re selling a diamond ring. Reply to bob singelais anne gabel 4 years ago.

If you have a high end piece in excellent condition the elite location could yield a fine return. The type of estate jewelry you have dictates which store will attempt to sell your jewelry. My ring was appraised at 2400 00 by a jewelry store i am interested in selling it but want to get as much for it as possible can you give me some info.