Gemstones have been a source of wealth for thousands of years.
The problem that many people face is that those stones are not doing them any good sitting in a safe or jewelry box. But where do you sell gemstones?
And if you are selling gemstones, how do you not get scammed?
Best Places to Sell Gemstones
Finding trustworthy places to sell gemstones near me was a hassle. I came up with these three options as the best ways to convert my gems to cash.
Worthy is a company that will sell jewelry and loose gemstones on consignment.
Instead of offering you a single price for your gemstone jewelry, they will appraise your items, take photographs of them using professionals, and list the gems for auction.
Once they are sold, you are given a chance to accept the price or not. The whole process is 100% transparent, and they even pay for shipping and insurance.
Worthy.com is the best place to sell gemstones for the highest price.
Local jewelers will frequently purchase gemstone jewelry or loose gemstones. Most are not going to be looking to keep these items in their shop.
Instead, they will sell them off to a wholesaler who can go through the process of either reselling or taking the jewelry down to its raw materials.
While they can help you get cash for your gemstones the fastest, you are probably not going to get as good of a price as you would selling them yourself.
This is because you are dealing with at least two people who are making a profit of selling your gemstones, and as many as four different sellers may be involved before they reach their final destination.
Classifieds have gotten much more user-friendly than back in the newspaper days. Now you have several online marketplaces where you can sell your jewelry online.
If you aren’t going to sell your gemstones locally through Craigslist or Facebook Marketplace, then you will want to go through a marketplace like Poshmark that will verify the authenticity of items for sale that are worth more than $500.
Selling Your Gemstones
If you are going to get top dollar for your gems, then there are a few things you will want to do. They include:
Get an Appraisal
Having that piece of paper in your hand verifying that your gemstones are real and are worth a certain amount brings all the authenticity you need to get a top-selling price.
Be aware that you will probably not get that full appraisal value when you sell. You are dealing with items in the second-hand market, not in what they would cost to replace.
If you are getting this done on your own, you can expect to pay between $50 to $150 for the appraisal. The price will depend on how complex the jewelry is. Loose gems will be less expensive to appraise.
Clean Them Up
Dirty jewels not only don’t look as nice; they do not fetch the highest prices. Either clean your jewelry up yourself or take it to a jeweler for cleaning.
Making those gemstones sparkle as much as they can ensures that you are getting a top price. Nobody believes dull, dirty stones are worth as much, even if they are.
Take Great Pictures
Almost everything sold online is going to require pictures. Bad pictures make selling anything online more difficult; just ask your local real estate agent.
Good lighting, clean gemstones, and non-blurry pictures will help you get better prices.
Be sure to point out any flaws in the jewelry. If there is wear and tear or discoloration for any reason, you want to make sure you are stating that upfront.
There is nothing worse than meeting someone to sell an item and them thinking that you were trying to scam them.
Gemstones You Can Sell
The term gemstone is a relatively broad category. There are gems you may not even think qualify.
For most sellers, the gemstones you will want to focus on are:
Any of these types of gemstones can fetch a reasonable price if you have the right quality gem or setting of jewelry.
Advantage of Selling Gemstones with Worthy
For me, the real benefit of working with Worthy.com to sell my more exceptional items has been the convenience.
I don’t have to meet with people, take pictures, or even pay for the appraisal on the items that I sell through the platform. It is one of the easiest ways to sell jewelry for a top price.
While it does take longer than using a local vendor to sell my gemstones near me, the time and effort I save in the selling process is worth a little extra wait for payment.
Selling Gemstones for Cash Final Thoughts
When I first started looking to sell gemstones at vendors near me, I never got the feeling that I was getting the best deal.
When I moved to selling online and through Worthy, I felt much better about the prices I was getting.
Whether you choose to sell your gemstones yourself or with a third party, make sure you are comfortable with the process, the price, and the person or business to whom you are selling.
This is why I have started only making my sales through Worthy.com. Their transparency is so high, and the work I do is so much less, I feel entirely at ease with everything.