Selling A Ring To A Jewelry Store

Check reviews for diamond dealers if you re selling a diamond ring.

Selling a ring to a jewelry store.

If the value is 1 000 for example a store will offer to buy the ring for approximately 500. Another problem is if you are in need of quick cash consignment shops can take a long time to sell your item. The dealer will take a 25 to 40 percent commission for selling your ring. Most jewelry stores and pawn shops pay approximately 50 cents for every dollar of scrap gold value.

The primary advantage of selling to someone in the jewelry industry is time. While it is a financial loss to sell your ring for scrap gold at least you are able to recuperate some of the cost. Reply to bob singelais anne gabel 4 years ago. 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.

Consignment generally consists of a contract for the amount the jewelry will sell for and the percentage the store will keep. 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. The type of estate jewelry you have dictates which store will attempt to sell your jewelry.