Jewelry appraisal and selling

[Homerboy]

When my mother-in-law past away a while back, my wife and I inherited some of her jewelry. We'd like to sell some some of it now, but have no real idea the bet avenue to do so.

Does anyone have any suggestions on what to do with this stuff? Of note there is a tennis bracelet we would like to sell but don't know the best process....

Obviously we're concerned with best selling price.

Description: 14K yellow gold, 3.00 carat diamond tennis bracelet with sixty round diamonds at .05 pts each with SI, -I in clarity and K or better in color. Appraisal value 3995.00 in 1994

Any advice would be GREATLY appreciated.
Thanks.

 

[NuAlphaMan]

You just said it. You should have it appraised to see what it's worth now. Then make a decision from there. Some appraisers can even tell you the some reputable place you can sell your jewelry.

 

[Homerboy]

Originally posted by: NuAlphaMan
You just said it. You should have it appraised to see what it's worth now. Then make a decision from there. Some appraisers can even tell you the some reputable place you can sell your jewelry.

I guess ya, the first thing to do is get a newer appraisal to get current value.
Or just take it to a jeweler that does appraisals and also buys and sells.
Take it in, say "how much will you give me?"

I wonder do you think it would be worth more or less than 13 years ago?

 

[dawheat]

It'll be more as the price of gold and diamonds have gone up considerably in the last 3-4 years, much less the last 12 years. How much more is a question only a reputable appraiser can answer.

However don't think you can sell it for the appraised value - the appraised value is normally what you could buy the peice at for new at a reputable jeweler at a fair price (e.g. no Tiffanys or such). You being a private seller + it being used estate jewelry (which unless you're famous normally goes at a discount) means you'll sell it for considerably less.

What you do get is a ballpark on how to price it.

 

[crystal]

Appraised value is usually for insurance purposes, you will sell it for much less. Don't bring to appraiser that also buy the piece. Conflict of interest

 

[Homerboy]

oH I know I won't get appraised value. That's obvious. The question is define "much less"
I mean are we talking 1/4, 1/3, 1/4, 1/10th?!!

 

[DBL]

You probably are not going to get more than 1K from a dealer. The rap price on those diamonds are $400/ct. You would be lucky to get credit for half of that. Add in the gold value (you would have to weigh it) and you might get $700 - 1K for the bracelet.

 

[Homerboy]

Originally posted by: DBL
You probably are not going to get more than 1K from a dealer. The rap price on those diamonds are $400/ct. You would be lucky to get credit for half of that. Add in the gold value (you would have to weigh it) and you might get $700 - 1K for the bracelet.

well that's depressing.
Guess it makes sense though.

 

[Old Hippie]

The rap price on those diamonds are $400/ct.

What's a 'rap' price?

 

[DBL]

<div class="FTQUOTE"><begin quote>Originally posted by: Old Hippie
<div class="FTQUOTE"><begin quote>The rap price on those diamonds are $400/ct.</end quote></div>
What's a 'rap' price? </end quote></div>

Just a LOOSE guide for pricing diamonds based on shape, carat, color and clarity.

 

[Old Hippie]

Thanks for the clarification. :thumbsup: