Archive for the ‘ sell jewelry ’ Category

How and Where to Buy and Sell Jewelry, Watches and Diamonds

How and Where to Buy and Sell Jewelry, Watches and Diamonds

Selling jewelry in Boca Raton

Raymond Lee Jewelers Showroom

How and where to sell jewelry, watches and diamonds is a topic of discussion at some point in every ones lives. There are so many outlets to sell jewelry in Boca Raton and other areas all over the world.  Before making any rash decisions consider your options. The best possible option is to sell the item privately, to someone you know. That way you can get very fair market value for your jewelry. If this does not seem like a good option for you, you can always consider posting to the internet on multiple platforms. The best being Ebay. If you decide to try to sell your jewelry, watches or diamonds on Ebay make sure you have paperwork to go with it such as an appraisal. This will give credibility to the piece of jewelry you are trying to sell. Bare in mind that on Ebay there are many scams and items need to be refundable, so do your homework before listing an item on Ebay for sale. We do not recommend listing to Craigslist. The reason we do not recommend Craigslist is because it lets potential buyers know you have something valuable to sell and deals have to be done in person. This leaves you open to a potential robbery. The third and probably best choice is to visit your local jeweler. Get a few opinions and depending on the type of item you have for sale you can gauge its value by how much they are selling for online. Make sure you are paid on the spot and verify the funds are available in the jewelers account.

Where To Sell Jewelry, Watches and Diamonds Series

Where To Sell Jewelry 

As we have said in earlier articles there are millions of places that advertise to buy your jewelry. If thinking to sell your precious valuables where should you go? Everyone that offers advise on the topic always says get at least three opinions… This is a given but what if you are selling diamonds? Is getting three opinions enough?

how to sell diamonds

selling diamonds to the right buyer

Most will not give you this information. Some may tell you that if your diamond is a nice quality you should send it to G.I.A. for a certificate. However, most buyers would prefer to buy your diamond without the G.I.A. if they are slick because it may come out a better quality after they send it to G.I.A. then expected therefore worth more money. So, you may want to consider sending your diamond to G.I.A. You can do this yourself or bring it to your local jeweler and they can do it for you. Bare in mind a certificate costs hundreds of dollars, the bigger the stone the more it will cost. Another tip, if your diamond is old, you may want to look into having recut and then certified because as a modern cut diamond it could be worth 2 or 3 times more money. This is only on a rare occasion though. More tips and tricks to come on how to sell your diamond, jewelry and watches in future articles.

Why Are There Jewelry Buyers On Every Corner?

There are jewelry buyers on every corner. Check out this picture of 47th street in New York City….

jewelry buyers

Jewelry Buyers on every corner

There are hundreds if not thousands of jewelry buyers in major metropolitan areas. Why? Because the more people, the more jewelry, the more jewelry being sold. Boca Raton, Florida is a major jewelry buying and jewelry selling area. There is a very mixed crowd in South Florida. a vast majority of the retirement population from all over the USA ends up in Florida. There are a number of reasons for this, one is the tax incentives involved for retirees. Another is the obvious, the GREAT weather!  Towns like Boca Raton that were very undeveloped 30 years ago are packed full of retirees and young people alike. As the retirees get used to the good casual life in Boca Raton they come to realize that they don’t wear there jewelry anymore because there life style has changed. Its hard to split jewelry amongst children and easier to split money, so they sell jewelry in Boca Raton. We will follow up to this article with more info shortly.

Industry Update: Diamonds May Surpass Gold for Investing

A scattering of "brilliant" cut diam...

Image via Wikipedia

According to David Parkinson of The Globe and Mail , there’s a sly little gemstone sneaking up stealthily behind gold to become the big-ticket investment grab of the year. While gold can’t seem to stay out of the headlines, diamonds have been steadily gaining Wall Street-cred in their own right.

Traditionally, diamonds and gold move in the same direction on the charts, but since the 2008 financial crisis, gold has skyrocketed thanks to its reputation as a solid way to store wealth. Diamonds, meanwhile, experienced “a recession-driven drop-off in jewellery sales” that weighed heavily on their market value. But over the course of the last year, diamonds are again trending upward as investors start to realize that diamonds may just be an even better investment than gold.

“Diamond companies look underpriced versus gold, [platinum group metals] and silver (SI-FT) stocks on a [price-to-net-present-value] basis,” wrote Edward Sterck, diamond-producer equity analyst for BMO Nesbitt Burns in London, in a recent research report.

Whether diamonds are actually a sounder investment than gold is debatable, but according to analysts “the outlook for gems looks strong on a good old fashioned supply-and-demand basis.”

Since 2006, the mining and production of diamonds has dropped off significantly. Diamond producers aren’t actively seeking new mines, or even doing much with those they’ve already established. Rather, they’re depleting the existing supply of diamonds, while a new demand lurks on the Eastern horizon.

China and India are producing a surge of new consumers eager to buy jewelry, which is viewed as a long-lasting investment especially in their cultures. According to the Globe and Mail, “Last year, diamond demand jumped 31 per cent in India and 25 per cent in China.”

Meanwhile, in the U.S., the diamond demand jumped 7% in 2010 – solidifying diamonds as a sound investment for wealth and not just the jewelry box.

To read more, visit The Globe and Mail’s website.

Liz for Raymond Lee Jewelers, your trusted source for jewelry industry updates, news and trends.

Enhanced by Zemanta

Jewelry Appraisal- Appraise! Appraise, and Re-Appraise!

Jewelry Appraisal – Appraise! Appraise! and Re-Appraise!

Have your jewelry appraised! Theft is on the rise and if your jewelry hasn’t been recently appraised, it needs to be! Diamonds, gold and platinum have made huge gains over the last couple of years and if you haven’t had your jewelry updated with your insurance, you could be potentially loosing more than  your jewelry if stolen!

jewelry appraisal

Have You Appraised Your Jewelry Lately?

Diamonds have increased in value almost 50% while platinum and silver have seen historical jumps in value as well.  Once you have had your appraisal, you need to call your insurance agent right way to update and validate the new value of your precious jewelry.  For example, if you paid $5,000 for a diamond necklace more than 5 years ago, it could cost you $10-$15,000 today if you had to replace it!  Of course non of us want to think about our homes being broken into, but it is a common occurrence and we can never be too careful.

Where can you find a reputable appraiser that you can trust?  One suggestion is to go through either THE NATIONAL ASSOCIATION OF JEWELRY APPRAISERS or THE AMERICAN SOCIETY OF APPRAISERS. These professionals are considered ethical and are required to be continuously educated.  Or you can go to your Boca Raton, FL own Raymond Lee Jewelers to meet with their own in-house expert and can help guide you to ensure protection and appraisal accuracy.

 

jewelry appraisal 

Also, please remember to contact your insurance agent to be aware of your insurance policies and making updates to policy to be ensure you are most protected.

By Raymond Lee Jewelers. For information regarding jewelry appraisal!

Gold Briefly Surpasses Platinum In Price on Tuesday

Gold Key, weighing one kilogram is used to acc...

Will Gold Surpass Platinum?

For a little while on Tuesday of this week, gold was more valuable than platinum! That’s right!

Typically you might find that platinum is roughly twice the price of gold. That’s why platinum members of any group or credit card get more perks, and that’s why recording artist always strive to have their recordings go platinum, not gold.

We can thank the economy and its pending threat to dip again for this, as investors have been hesitant to invest in many things, they have turned to gold and gold has responded like a champ. I didn’t think I’d ever write this sentence, “Gold is 1,782.50 an ounce”. But I did, and I may not be done writing new things yet!

Several industry experts have chimed in on the phenomenon. Lee Josephson, VP of Raymond Lee Jewelers in Boca Raton isn’t one that believes this will affect the retail sales of jewelry,  however. “There is still a certain allure to buying platinum,” Mr. Josephson said. “So, it’s not the price that affects consumers as much. There is still the perception that platinum is more prestigious.” And we agree.

Byron King, senior analyst of Agora Financial in Baltimore says, “When you travel to the Middle East, every town and mall of any significance has a ‘gold souk,’ where the merchants gather to buy and sell gold items. I’ve never seen a ‘platinum souk,'”

Some precious metals dealers, such as James DiGeorgia, believe that since platinum mainly serves as an industrial metal, it could eventually take a second seat to gold in light of the economic situations on a global scale.

Jewelry Education: HOW TO SELL OR BUY JEWELRY

“WHAT DO I NEED TO KNOW

ABOUT JEWELRY 

when I go to sell or buy it?”

Good question! 

Florida Jewelry Store

POINTERS TO HELP YOU SELL OR BUY JEWELRY

Here’s a quick checklist of knowledge you should have before you go shopping for expensive jewelry.

  1. What is a Karat? It’s a good idea to know that gold karat number varies with weight, design, finishing and country of origin. Finishing can be done by hand or by machine, and this makes a difference. 24 karat gold, or pure gold, is too soft for molding into wearable jewelry, thus it needs to be mixed with other metals to strengthen it. The metal used to mix into the gold can change its color. WHAT TO KNOW if it’s less than 10kt (roughly 42% gold), than it can’t be sold as gold legally. You’ll hear these terms: “fill”, “electroplated” or “overlay” and that means it just has a thin gold coat on the piece of jewelry.
  2. What are the four C’s? Don’t expect to read this and have a working knowledge of the four C’s, but I can at least acquaint you with the language. WHAT TO KNOW – the four C’s are Cut, Color, Clarity and Carat. If a jeweler can’t discuss these in great detail, they don’t know enough to be selling you jewelry, keep shopping.
  3. Be aware of chain stores who employ retail sales clerks AND have no actual jewelers on staff. WHAT TO KNOW  – Local jewelers will almost always have a more educated and knowledgeable staff.
  4. If you are going to purchase a really expensive piece of jewelry, USE A MAJOR CREDIT CARD AND HAVE IT APPRAISED immediately.

Now, you officially know more than most people about jewelry shopping! Enjoy ~

By Raymond Lee Jewelers. For information and news regarding fine jewelry and/or luxury watches!

%d bloggers like this: