I have 3 gold/diamond rings that I need to sell. Am I more like to get the most money from a pawn shop or a jewelry store?
2007-03-25 04:56:40 · 4 answers · asked by Joanne 3 in Business & Finance ➔ Small Business
Neither, sell them to private parties. maybe via classified ads in local papers.
Pawnshops will lend you much more for them if they believe you'll come back to get them, but they'll give you very little if you try to sell them to them outright.
Forget about jewelry store altogether because they generally do not buy from private parties, especially used.
2007-03-25 06:25:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A pawn shop will give you very little for your rings. The quality of the diamond is what brings value to the rings.
If your diamonds are an SI3 they have very little value as they are spotted with black carbon visible to the eye.
If your diamonds have fire an excellent cut and are in the higher end of quality, a jewelry store may be interested in the rock and not so much the gold. Contrary to popular belief, diamonds are not rare, it was the marketing of diamonds by De beers and early Hollywood that inflated the pricing.
It is a question of perceived value, pawn shop and jewelry stores work in this environment and will offer you nothing for your rings compared to what you paid.
If you have an internally flawless diamond of 1 caret with D clarity and a excellent cut, people will line up to take it off your hands.
Good luck
Peace
2007-03-25 05:39:05 · answer #2 · answered by nmp948 4 · 1⤊ 1⤋
pawn shop is best for you: jewelry stores have their own suppliers and do not, as a rule, buy used stuff
2007-03-25 05:05:09 · answer #3 · answered by robert43041 7 · 0⤊ 0⤋
go to both and see how much they offer.
give it to the one who offers most..
2007-03-25 05:16:35 · answer #4 · answered by MONET GIRL. 2 · 0⤊ 0⤋