Your inherited jewelry can be worth much more than what you expect. Family heirlooms, passed down from one generation to another often have sentimental value. Their monetary value can be unlocked, during the time of a financial crisis! The value of jewelry keeps fluctuating with the current market trends. To secure the value of your coveted pieces, getting a jewelry appraisal is a must.
Jewelry Appraisal
Jewelry appraisal for insurance is the best way to safeguard the value of your precious jewelry pieces. The appraisal value of a jewelry item depends on several factors. A certified appraiser assesses the true market worth of a piece based on these factors. Let’s know some of the important factors:
• Condition (scratches and damages)
• Materials (diamonds, gemstones and precious metals)
• Jewelry Brand (popular brands include Tiffany & Co., Cartier and Bvlgari)
• Craftsmanship
• Quality and weight of materials
• Rarity
• Market Demand
• Sentimental Value
When dealing with heirloom jewelry, sentimental value can’t be ignored. But if you need money, you can choose between emotions and monetary benefits.
A rare vintage design can fetch a better price on the secondary market. Market demand directly impacts the reselling price of a jewelry piece.
An appraisal company such as Prestige Valuations can be contacted to get a jewelry valuation. They have experienced and skilled appraisers who can appraise all types of jewelry be it antique, vintage or contemporary. They also provide watch and handbag appraisal.
How To Sell Your Heirloom Jewelry?
Precious jewelry items you have inherited can help you generate some instant cash. Jewelry enthusiasts and collectors are keen to purchase antique and vintage jewelry pieces. If you are planning to sell your heirloom jewelry, then below we are mentioning details:
- Jewelry Appraisal: First, you need to get your heirloom piece or pieces that you want to sell appraised by a professional appraisal company. An experienced appraiser will evaluate the fair market value based on factors such as condition, materials, age, brand and more. This will provide you with an accurate valuation.
- Market Trends: Skilled appraisers will also study the market before finally determining the true value of your coveted pieces.
- Historical Significance: A professional appraiser will also determine if your heirloom jewelry piece has any historical importance. Maybe your precious jewelry item was once owned by a celebrity. This can greatly impact the value of your aesthetic piece.
Apart from heirloom jewelry pieces, luxury handbag and watch appraisal services are also available.
- Find A Buyer: You can find a buyer on various online marketplaces. You can check with your local jewelry stores too how much they can offer.
You will have to list your valuable pieces on a marketplace. Write descriptions about each item, mentioning all details. Upload high quality pictures possibly from all angles. This will ensure that potential buyers seeing the images can get an idea of the products.
- Secure Deal: Beware of fake buyers and make sure you only deal with genuine buyers. You must ensure your transaction is secure so choose a safe payment method. Don’t forget to check the buyer’s authenticity by researching online and reading reviews.
What other inherited items can be sold?
Not just jewelry pieces but other inherited items too can be sold on the secondary market.
- High-End Handbags: If you have inherited luxury handbags such as Chanel, Louis Vuitton, Prada and Christian Dior, you can sell them for a whopping amount. Before selling them, you must get a handbag appraisal from a professional appraiser.
- Luxury Timepieces: Watch enthusiasts love to invest in luxury timepieces such as Rolex, Audemars Piguet and Patek Philippe. Vintage and antique watches can fetch great premiums on the secondary market. It is recommended to get a watch appraisal first so that you know the true market worth of your coveted watch.
- Gold Coins and Bullion: If you have family heirloom gold coins and bullion, you can consider making money selling them. To assess their market value, you can get a valuation done. Liberty coins and American Eagles are the most sought after on the secondary market.
- Silver Collectibles: Antique silver artifacts, silverware and décor items can fetch a lucrative amount when resold. Antique lovers and collectors can shell out a whopping amount for rare and collectible items.
Now, it’s time to get a jewelry appraisal and unlock the value of your heirloom jewelry!
