If it’s time for you to retire a pair of diamond stud earrings, you might consider selling them. Maybe you don’t like them anymore, or you’re just looking to upgrade your jewelry. It’s not uncommon for people to sell their jewelry when times are tough, or their relationship is ending. There are plenty of other reasons to sell jewelry though. Many people choose to sell their old jewelry, so you shouldn’t have any trouble doing so.
There are several ways you can sell your diamond stud earrings when the time comes. If you want to sell your diamond stud earrings, you can sell them in various places online. This includes:
- resale websites
- pawn shops
To learn how you can sell your diamond stud earrings and other pieces of jewelry, use this guide. Using this information will help you to sell your diamond stud earrings the right way.
Where Can You Sell Your Diamond Stud Earrings?
If you’re looking for a place to sell your diamond stud earrings, you have a few options to choose from. Selling to the public will bring in a little extra cash but selling to the jewelry industry is quicker. There are pros and cons to each, so keep that in mind.
Sell on Classifieds
If you’re going to sell to the public, there are a few places to do so. This might be in online classifieds, such as Facebook Marketplace, eBay, or Craigslist. If your earrings are vintage, using a website like Etsy can be a good way to sell them.
Sell to a Jeweler
According to Forbes, the public will generally pay more. This is because they don’t have access to wholesale prices like jewelers do. Buying used is one way for the public to save a little bit of money.
When you sell to a jeweler or someone in the industry, you are competing with wholesale prices. They have special access to better pricing. Plus, your earrings are used, so they are not as valuable as new jewelry.
If you’re interested in selling your diamond stud earrings to a jeweler, call ahead and see if they buy jewelry. You should be able to find a jeweler who may be interested in your area.
See also: Do Jewelers Buy Used Diamond Rings?
Sell to a Pawnshop
Should you pawn your diamond stud earrings? You might be wondering if pawning your diamond stud earrings is a good idea. You could think about pawning your diamond stud earrings if you’re looking to make cash quickly. If not, it’s not a great idea.
Pawnshops offer you as little money as possible so they can make as much as possible. Waiting just a few more days for someone else to buy your diamond stud earrings can be worth it. If you truly are desperate for the money, a pawn shop will work.
What Should You Do Before Selling Your Diamond Stud Earrings?
To make sure you get the most out of selling your diamond stud earrings, there are a few things to remember.
First, you should try to figure out what kind of diamond stud earrings you have. If you have any information on them (certifications or grading reports), that can help you to know what you might get from them.
If you were gifted the diamond stud earrings, you may not know the true worth. To know what you have, you can have them appraised.
It isn’t necessary to pay for a formal assessment though. This is especially true if your diamond stud earrings are likely worth less than $2,000. In this case, a pawnbroker can take a look and give you a ballpark number. You might check with a couple of pawnbrokers for a more accurate dollar amount.
It’s worth noting that you shouldn’t keep your expectations too high. Used jewelry isn’t going to sell for as much as new jewelry does. You won’t be able to make back what the earrings were purchased for.
Obviously, you shouldn’t settle for less than the earrings are actually worth. Just remember that you won’t be able to make back the original price. That’s simply how resale works.
If you want to get a good idea of what your diamond stud earrings might be worth, you can look at completed sales on eBay. Look for earrings that match the same specifications.
If you’re thinking about selling your diamond stud earrings, you have a few options. Selling to the public is a great way to make more money. Pawning your earrings isn’t always the most profitable option.
If it’s time to sell your diamond stud earrings, here’s what you should do.
- Find out what you have. You can research your diamond stud earrings or have them appraised.
- List your diamond stud earrings online for the general public or take them to a jeweler or pawn shop.
- Enjoy the extra cash in your pocket.