Jollys News & Blog

How to Value & Sell Your Jewellery

Selling your jewellery is fairly easy, if you’ve come across some interesting jewellery, had jewellery passed down to you or simply want to clean out your jewellery box you’ve probably wondered how much your pieces are worth.  The value of your antique and vintage jewellery is worth looking into as you might just be holding onto something of an extremely high value. There is an estimated £60 million-worth of vintage jewellery hiding away within the homes of Britain, as jewellery becomes more valuable due to certain gemstones and collectable pieces, it’s worth spending your time doing a little research in the hope of a nice reward.

Value Your Items First

The first step to take is to value your jewellery; there are two ways of doing this by either visiting an independent jewellery store who undertakes jewellery valuations (like ourselves) or valuing the jewellery yourself. If you decide to try and value the jewellery yourself, here a few things to look out for:

  • Hallmarks – there are several markings in which you can identify certain attributes about the piece
  • Town marks – these indicate where it was created
  • Dateletters – these indicate when it was created
  • Purity marks – these indicate the metal content

18Carat Rose Gold Plain D Shaped Wedding Ring

There may be other markings and these may indicate the maker of the piece, this is the firm or person who is responsible for the guarantee of the purity mark. Researching these markings is important and really interesting as you may discover a little more about the history of the piece then you first thought.

Research Into Your Jewellery

It’s also worth finding out the type of material your jewellery is made of, precious metals such as gold, silver or platinum do come with a certain value depending on the size and weight so the minimum you should receive is the scrap value of the metal, if of course your jewellery includes gemstones it may be worth much more. When it comes to gemstones there are several different types, most modern colourless gems such as diamonds will have precise cuts where as older diamonds may be a little rough and less precise around the edges.

Coloured gems have increased in popularity so look out for strong bold colours, by researching coloured gemstones it will be easier to identify which gemstone your jewellery may hold, as some gemstones have similar shades and can easily be confused with other gems. If you’re on the search for Antique gems or you may already own some, these brilliant gems tend to have been left untreated and therefore makes them more valuable as the gem itself may be rare and one of a kind.

Of course valuable jewellery doesn’t just come in the shape of rings; necklaces, earrings and brooches are also among the many items which could be a hidden treasure. If you come across a pearl necklace and believe it may be of some value, the only guaranteed way of knowing for sure is having the piece analysed by a specialist x-ray machine. If you are an enthusiast in finding antique treasures then you may already be aware of different eras and how these can have a positive impact on the age and the quality of a piece, however if you’ve had jewellery passed down it is definitely worth trying to find the history of your piece, either through the internet, jeweller or antique enthusiast.

Antique 18ct Yellow Gold Sapphire & Diamond Three Stone Ring

How To Sell Jewellery

When it comes to selling your jewellery there are many ways of doing so; with the internet, independent jewellery stores and auction houses, depending on how quick of a sale you want and the amount you are expecting, there are many different avenues to explore when selling your jewellery. Naturally if you’ve had your jewellery valued and wish to sell it privately, by finding similar pieces that other people are selling, you’ll be able to understand whether your piece is likely to sell and if the price you’re selling it for could be higher or lower.

If however you have spare jewellery that’s simply gathering dust and you are looking for some quick cash, independent jewellers may offer a Pawnbroking service, which allows you to secure a loan against your possessions in which you can receive instant cash. Once you have agreed with the loan conditions it’s a simple case of repaying the money back once your loan duration is up. Make sure you’re aware of the jeweller’s terms and conditions when it comes to Pawnbroking to ensure you don’t miss any payments back to the store and any other bits of information you may be unaware of.

A final tip when selling your jewellery is to ensure it has been properly cleaned; do be careful when cleaning jewellery and always find out which household products should be avoided so to not damage the piece. You can always take your jewellery to a jewellery store that offer full cleaning and polishing services. Also if you know you’re going to be selling a certain piece, by keeping it in a safe place such as a jewellery box or a cloth pouch it will prevent stones from being scratched, this same advice applies to pearls which are very delicate and can be scratched easily and damaged by cosmetics.

Pocket Watch

If you have jewellery you wish to sell, have valued, need cleaning or you’re looking for a short term Pawnbroking loan with no joining, admin or docket fees, visit Jollys Jewellers for more information.