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WHEN IT COMES TO SELLING YOUR JEWELRY, WHAT YOU PAID FOR IT AND WHAT YOUR APPRAISAL SAYS HAS NO BEARING ON ITS CURRENT WORTH. YOUR ITEMS ARE GOING TO BE BASED ON WHAT THE WHOLESALE VALUE OF THEM IS. WE WILL TRY TO PAY YOU THE MOST WE CAN, OR THERE IS ALSO CONSIGNMENT AS AN OPTION.
When you buy diamonds and gold jewelry, you are paying the place that sold it to you a profit. Depending on where you bought it this
amount can be a little or a lot of money. Also, a new piece of jewelry has priced in it all the labor that it took to make it, and profit on that. Now you are going to sell it and wonder, why is my
jewelry worth less, hasn't gold and diamonds gone up in value since then? The answer is maybe, but if they did it would be at the wholesale level and the retail price still has no affect on your
transaction. If it cost $100. to make something, and the store you bought it from charged $300. for it, and costs went up, they would go up at the $100. price since profit is not a cost. So now it is worth 10%
more which is $110. Well you are selling a used piece of jewelry now and if someone can buy it for $110. new, what is it worth used?
You must consider all this when selling.
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