Jewelry Journeys: The Art of Selling Gold Jewelry and What You Need To Know
Gold has always been considered a valuable and timeless luxury. It’s been used for centuries to create stunning jewelry pieces that are cherished by individuals around the world. As such, many people choose to invest in gold jewelry and other gold items with the hope that they’ll increase in value over time. But is gold jewelry really a good investment?
Whether you’re a buyer looking to invest in gold jewelry or a seller wanting to understand the market to ensure you get the best value for your gold jewelry, it’s important to have a thorough understanding of the factors that affect gold’s value. Before you buy or sell your valuable accessories, here’s what you need to know to master the art of buying and selling gold jewelry.
Factors to Consider When Buying Gold Jewelry
If you’ve decided you want to invest in gold jewelry, it’s important to invest in the right pieces. Some jewelry items hold their value better than others, so to maximize your return on investment, you’ll want to keep in mind some key factors that affect gold jewelry’s value over time.
Firstly, you’ll want to consider the piece’s gold content. The higher the karat of the gold, the higher the value of the piece. 24-karat gold is the purest and most expensive gold used in jewelry, although it’s relatively rare to find because of pure gold’s malleability. As the number decreases, so does the value of the jewelry. 10-karat gold is typically the lowest gold value used for jewelry. The addition of gemstones such as diamonds can also help increase the long-term value of your gold jewelry, and larger karats will follow the same value trend as gold karats.
Another factor that influences gold’s long-term value is the name brand. Gold jewelry purchased from legacy jewelry brands like Tiffany & Co., Cartier, and Van Cleef & Arpels are more likely to hold their value over time. When purchasing designer jewelry secondhand, make sure to check the markings on the piece and verify its authenticity. If you invest in an authentic designer gold jewelry piece, it could end up being worth more than pure gold bars or coins long-term thanks to the brand value.
Advantages of Buying Gold Jewelry
When debating between investing in gold jewelry and investing in pure gold bars, there are many factors to consider. There are pros and cons to each route, so carefully consider the unique advantages and disadvantages before investing in gold jewelry from gold and jewelry buyers.
One of the biggest advantages of buying gold jewelry is that it has a functional purpose. Unlike gold bars or coins, which just sit around your house until you’re ready to sell, gold jewelry is timeless and can be worn until you’re ready to sell. Just be careful not to damage or tarnish the jewelry, as this can depreciate its value.
Another advantage of investing in gold jewelry is that it’s more accessible than gold bars or coins. Whereas pure gold bars can be difficult to source, gold jewelry is widely available — and often at much lower prices. You can also stand to make a much larger profit if you source out gold jewelry that is undervalued, such as at an estate sale or pawn shop.
Disadvantages of Buying Gold Jewelry
One of the distinct disadvantages of investing in gold jewelry is that some gold and jewelry buyers may not appraise your jewelry with the craftsmanship taken into consideration. Some gold buyers will only value your jewelry for the pure gold content it has and not for its artistic or brand value.
Because of this, it’s important to find a reputable place to sell gold jewelry near you that will fairly assess your jewelry’s true value on the secondhand market. For example, Orange County residents choose Watch & Wares because we believe in the holistic value of your gold jewelry. We don’t just offer you the value of the raw metals or precious stones like other stores; we love buying and restoring beautiful gold jewelry so that we can find it a new home and continue its story for generations to come.
If you want to know where to sell jewelry near you but don’t know where to start, the friendly team at Watch & Wares is here to help. We offer convenient and transparent appraisals that never come with any obligation to sell. Our offers are consistently some of the highest in Orange County, thanks to our team of experienced jewelry experts and certified gemologists. If you are looking for the best place to sell jewelry for cash, contact Watch & Wares online or give us a call at 714-633-2030 today.
