While the emotional value of jewelry can be invaluable, circumstances require the need to determine the monetary value of favorite pieces. The purchase of an insurance policy to cover loss or damage requires replacement. Knowledge of current market value and attractiveness is also important before making an informed decision to sell jewelry.
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If necessity or curiosity is the motivation, research is needed to determine current market value. Gather information about jewelry, including materials and designers for the most accurate price.
Collection of information
Check the article for signals. In gold rings and pendants, carat weight is often indistinguishable. Decorations sometimes have a trademark, such as a company logo or the signature of a designer. Note these symbols to support the research process.
Identify the materials. Determine if the jewelry is in class or suit. The value of platinum or gold is determined by content and weight, regardless of design. Diamonds and precious stones have market value. Costume jewelry can have negligible value on their materials, but subjective factors such as manufacturer and age can add value.
Install the accessories. If jewelry is not precious metals and costume pieces, look for the appropriate pieces in the jewelry box. If the costume jewelry is collectible, the price may increase due to the presence of the rest of the set. Fashionable pendants can have matching earrings or bracelet. Vintage costume jewelry could be available in a similar necklace, bracelet, earrings, pin and ring.
Consult an expert if you are not sure. A reputable jeweler will not charge you for what is the stone and the main metal of your jewelry. A jeweler can also tell you about the current values of the gold market.
The investigation of selling prices. If the jewelry is antique or costume, use the auction websites, live auction listings and jewelry sites to find the sale prices of the same pieces. Use the information collected to guide the search process. Note that the selling price is also influenced by public confidence in the dealer's experience. Therefore, it may not be what a private party can sell the product, but it will result in a series.
Order a review. For jewelry and semi-precious stones, an appreciation will be greater than the monetary value. A complete dossier of the piece, including the quality, cutting and size of the stones and the weight of the gold carat, is measured and documented. Current monetary value is also recorded. This is the selling price or replacement value. It may be more than the price a privateer can sell for jewelry, but it is an accurate valuation of market value. While the price may vary over time, the weight and the carat content have not been rated. It is a permanent file that can be used for future pricing.
Keep track of material prices. The price per ounce or gram of gold varies. Use the carat weight and quantity of the materials mentioned in the rating to periodically determine your current market value.