You have probably thought about it many times than once. Asking yourself where you can sell that piece of jewelry that perhaps you do not need anymore or you want a little bit of cash. This should not worry you anymore because it is possible to sell that inherited or unwanted piece of jewelry you possess. However, before you decide to look for a buyer and sell your valuables, you need to know on how to go about it to avoid fraud. In this business, some people that pose as serious buyer but happen to be muggers or swindle away with your precious belongings. Others trick you and give you less than what your Rolex watch costs.
Below is a guide to help you in your venture to sell your jewelry. It covers the most important things you need to do while you are in the process.
Why Sell Your Jewelry in Boca Raton
Boca Raton is a jewelry city. It harbors a great number of jewelry buyers and sellers. From private buyers, jewelry stores to pawns shops; all these are within the city. The buyers and seller deal with diamonds, watches, necklaces, engagement rings and any other valuable you can think of. Selling your watch in Boca Raton is easy and convenient because the dealers are many and have years of experience in the business.
Consultations to Sell Jewelry in Boca Raton
Share the idea of selling your jewelry with friends and family. Let them give you their experiences and ways to go about it. Additionally, consult reputable jewelry dealers. The dealers have gemologists that evaluate your piece of jewelry and give you an estimation of its value. Furthermore, they are able to suggest to you some of the best places to sell so that you do not end up losing your valuables to dishonest buyers.
Boca Raton Watch Buyers
The Boca Raton resale market is large and continues to grow. Every piece of jewelry has a buyer waiting for a seller. Some operate as private buyers, other work for jewelry stores while other are just out to get them as a gift. There is no specific place for dealing jewelry hence options can be limited. Boca Raton is rather a big city with a big market and knowing where to sell jewelry is important. If you are in contact with the right people, you will get yourself a very handsome resale price.
Knowing the Worth of Your Rolex Watch
The first thing you need to do is to determine the value of your watch. Look for a credible appraiser to know how much your Rolex watch is worth. You do not want to go to someone who will want to rob you, so carry out a background check on the appraiser. It will be better to go to someone you know, a friend of your family member or relative or a reputable appraiser. This almost guarantees you to get the correct details of your jewelry. An appraisal will also enable you to know your watch’s details and the price range. This is the first step to getting the right amount of money for your piece of jewelry.
Selling Watches in Boca Raton
So now, you are aware of your watch’s value and the price estimation. You are now probably wondering where to go from here. Well, the next thing you have to do is to find the best place to sell Rolex in South Florida. There are quite a number of options for you. One of the most convenient and safest ways is selling to a family member. However, this option is a bit of a disadvantage. As much as this may sound as an easy option, you will end up not getting the amount of money that you had estimated. The fact that the person you are selling it to happens to be a family member, will influence your decision when personal feelings come into play. You will be inclined to give it to them for a lower price. In the end, you sell the jewelry for a lesser amount. This is not a good choice.
Where to sell watches in Boca Raton
Another option is listing on newspaper ads. As much as this option will improve your chances of getting a buyer, it is risky. This is where mugger and criminals prey on unsuspecting sellers. Customers from newspaper ads will want appraise the jewelry again while they are there for confirmation. In most cases, they come with their own appraiser. These buyers are normally looking to buy and resell it again. Therefore, they will want to buy your watch at a price that they know when they resell it they will gain a lot.
You have analyzed the family and newspaper ads options and realized they cannot work for you. Therefore, you are thinking what about pawnshops. This is also an option but not advisable. Why not, you may wonder. Pawns shops offer a very low price that you would not even begin to imagine. They go as low as 20 percent of the initial buying price. Who wants to buy a Rolex for $9,500 and when selling gets barely $2000? I bet no one does.
The option of consignment should not cross your mind, especially if you are selling diamonds. Giving a dealer your watch to sell for you is no such a good idea unless it is someone you know very well and trust. A consignment provides platform for dishonest dealers to defraud you. They get a replica or your watch or exchange with a fake one that is similar. After a while, they come back and tell you that they could not find a buyer for your jewelry. In reality, the dealer may have sold your watch and brought you a replica. This majorly happens where diamond are involved.
Boca Raton Jewelry Stores
With the numerous options you have, this is more viable. There are jewelry stores in every corner of Boca Raton. Your vigilance should not stop with the previously mentioned options. Remember, this is a valuable belonging and anyone would want to get it the easy way even jewelry store dealers. Let the watch be within your eyes reach at any given time. Some dealers may pull a switch especially when dealing with diamonds, which are easy to exchange within an instant.
Store dealers will offer you a good amount for the jewelry you are offering. Usually, they buy it at a price that is 50 to 70 percent of its initial price. Of course, all this is after they have appraised it on their own and determined its worth.
Lastly, you have the private buyers in Boca Raton. These people operate on their own and unlike stores dealers; they are not associated with large jewelry stores or businesses. They can offer more for a watch because of the minimum expenses they bear. Furthermore, they loosen up on the buying and selling polices that jewelry stores may have. They also do their own appraisal to confirm the worthiness of what they are buying.
In conclusion, all the options mentioned above require that you be very vigilant. The aim of this guide is to give you an insight of the resale market of jewelry in Boca Raton.