If you are researching where to auction expensive gemstones for cash, our estate buyers can help. We have helped thousands of people around the country get fast and generous cash offers for their valuable gemstone jewelry, while eliminating the substantial fees, uncertainty, and wait associated with famous auction houses and internet jewelry auctions.
Many people believe that auctioning expensive gemstones is the best way to obtain a best cash offer for their items. Beyond traditional auction houses like Christie’s and Sotheby’s, there are internet auction portals like eBay and new online auctions specializing in precious gemstone jewelry set with emeralds, sapphires, rubies, tanzanite, black opals, and other rare stones.
However, if you have never tried to auction expensive gemstones, you may be unaware of all that needs to be considered when making a smart selling decision. So, let’s cover some of the important issues now and explain why thousands of clients have chosen DEJB as the best place to sell precious gemstone jewelry.
Auctioning Rare Gemstones at an Auction House
Sellers who wish to auction rare gemstone jewelry that is valued into the five and six figures often look toward a luxury auction house like Bonham’s or Christie’s, who have long traditions of selling extraordinary gemstones.
What these sellers often do not realize is that auction houses charge more than just a commission on the final sales price. There are also other associated fees which can ultimately add up to 40% of the final hammer price.
In other words, after waiting up to six months for the jewelry auction to take place, you may end up receiving only 60% of the final sale price (IF your item sells). And if your valuable gemstone jewelry does not sell for the reserve price, you will actually lose money—because you still will be charged photography and processing fees.
That is why so many sellers of extraordinary gemstone jewelry and loose precious gems sell their item(s) to Diamond Estate Jewelry Buyers. We often can provide you with a generous cash offer that comes close to the final amount you might have received when auctioning your rare gemstone through a traditional auction house—and there is no wait or hidden fees attached.
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Auctioning Expensive Gemstones at an Online Auction
In the past couple years, some online jewelry auctions have emerged which promise to get you more money for your large carat ruby, emerald, and sapphire jewelry. It is always wise to approach these online jewelry auctions with caution.
Keep in mind that an online jewelry auction is only as good as its network of buyers–and it takes many years (if not decades) to establish a strong international network of rare gemstone collectors and buyers.
The only online gemstone auctions worth considering are those who have a deep background in rare precious gems that can be easily verified. Their gemstone “experts” should provide first and last names, so their credentials and experience can be assessed. And the business should be registered with the Better Business Bureau with an A rating.
Also be aware of the potential for inflated initial appraisals when dealing with online auctions that sell expensive gemstones. An inflated initial gemstone appraisal is how an unscrupulous online jewelry auction can convince you to sell your precious gem with them. The final sales price could be well below that initial gem appraisal, and you could be on the hook for selling your precious gemstone at that much lower price.
Check whether the auction website is publishing prices from past precious gemstone auctions. While the auction prices you see may be higher than what your local pawn shop or jewelry store offered, it could be thousands of dollars less than what a professional jewelry buyer like DEJB would pay you for your expensive gemstone jewelry.
When you sell precious gemstone jewelry to Diamond Estate Jewelry Buyers, we eliminate all of the uncertainty. Our owner Carl Blackburn is an internationally-recognized fine jewelry designer and one of the most trusted buyers of rare gemstones in the country. He and his team bring 50+ years of combined expertise to the table when purchasing your large carat precious jewels. We tell you exactly how much your gemstone jewelry is worth (explaining in detail how we have arrived at that price). And we pay you immediately in cash.
Should I Auction My Precious Gemstone on eBay?
When it comes to auctioning precious gemstones on eBay, this generally works best only for those who are established fine jewelers who have bricks-and-mortar businesses.
There are simply too many fake gemstones on the market. Thus the potential for fraud is too great for most buyers to risk spending thousands of dollars on an alleged rare gemstone—even with the increasing safeguards that eBay has put into place.
Sellers should also take into account the hassle and time involved in setting up a proper and professional looking eBay listing for their expensive gemstone jewelry—including quality photographs, well-written text descriptions, etc.
In contrast, selling your emerald jewelry to Diamond Estate Jewelry Buyers is very easy and fast. By using our highly-secure Sell Gemstones From Home service you can be guaranteed a fair and prompt cash offer for your emerald jewelry, while having complete confidence in the security and confidentially of the process.
Let us help you sell your expensive gemstone and other estate jewelry today. Call our friendly and knowledgeable staff to arrange a free, no obligation, appraisal of your loose precious gems and fine gemstone jewelry.