Gold is one of the most sought-after precious metals, and it's used a lot in the jewelry trade. This presents a great opportunity to make some money, as the demand for gold has never been higher. Start your jewelry business off on the right foot by considering these selling tips.
Get an Appraisal
Before you can put a fair price tag on your gold jewelry pieces, you must first know how much they're actually worth. You'll get a true estimation by having your pieces professionally appraised. The appraisal will depend on several factors, most notably weight. The more dense and large the gold is, the more it will be worth.
The uniqueness and history of your gold jewelry pieces also come into play for the appraiser. Just make sure you go to multiple appraisers, so you have somewhat of a general consensus regarding the value of your jewelry stock.
Find a Reputable Buyer
You can facilitate the selling process by finding a reputable buyer to sell to. Ideally, you want the buyer to be licensed to buy jewelry in your state. This just ensures they follow the correct procedures and are not prone to immoral or illegal activity.
To check a buyer's license, you can simply go online and see if they're accredited by the Better Business Bureau. If they are, you'll have added assurance. It's also helpful to make sure they are part of Jewelers of America, an organization that ensures the ethical integrity of its members.
Take Protective Measures
Unfortunately, a lot of things can happen from the time you ship your gold jewelry to the time it arrives to the buyer. The jewelry may get lost or stolen, for example. That's why you need to plan for these unpredictable scenarios and take certain precautions.
You should take pictures of every jewelry piece sold before it's shipped off. This way, if it gets damaged by the buyer or shipment company, you have tangible proof that the piece was in good condition when it left your possession. Also, check to see if the buyer you're working with has some sort of reimbursement policy. So if something does happen, you won't have to cover any replacement cost.
There is a lot of money in the jewelry industry, especially if you are selling gold jewelry pieces. To maximize each sell, take your time assessing your inventory and lining up the right buyer. The preparations you make dictate how successful your jewelry business will be, ultimately.Share