Are you thinking about auctioning your estate jewelry collection? Or perhaps you are looking to sell your engagement ring or vintage Rolex watch for a fair cash price. Diamond Estate Jewelry Buyers can help.
We have helped clients nationwide sell estate jewelry and luxury timepieces for a generous cash amount, while eliminating the substantial fees, wait, and uncertainty associated with online jewelry auctions and traditional auction houses.
Many people believe that auctioning fine jewelry and collectable timepieces is the best way to obtain a best cash offer for their items. In addition to famous auction houses like Christie’s and Sotheby’s, there are websites like eBay and new online auctions that promise to get you more money for your diamond rings, precious gemstones, and valuable watches.
However, if you have never tried to auction jewelry or watches, there are some important things to keep in mind when making a smart selling decision. So, let’s cover some of the key issues now and explain why thousands of clients have chosen Diamond Estate Jewelry Buyers as the best place to sell diamond jewelry, antique jewelry, and prestige timepieces.
Selling Your Item Via a Traditional Jewelry Auction
Sellers who want to auction exclusive high-brand estate jewelry and watches that are valued into the five and six figures often look toward a luxury auction house like Christie’s or Bonhams, who have long traditions of selling extraordinary fine jewelry and timepieces.
What sellers often do not realize is that these legendary 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, the cash that is eventually wired into your bank account may be only 60% of the final sale price (IF your item sells). And if your jewelry or timepiece 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 large carat diamond jewelry and luxury watches choose to 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 estate jewelry or timepiece through a traditional auction house—and there is no wait or hidden fees attached.
Call Us Toll Free: (800) 956-8505
Should I Auction My Jewelry Via an Online Auction?
In the past few years, some online jewelry auctions have emerged which promise to get you more money for diamond engagement rings, precious gemstone jewelry, and high-brand timepieces. 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 estate jewelry collectors and watch buyers.
If you want to sell your fine jewelry or timepiece, the only online jewelry auctions worth considering are those who have a deep background in precious jewels that can be easily verified. Their diamond “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.
Sellers should also be aware of the potential for inflated initial appraisals when dealing with online jewelry auctions. An inflated jewelry appraisal is how an unscrupulous online jewelry auction can convince you to sell your jewelry or timepiece with them. The final sales price could be well below that initial appraisal, and you could be on the hook for selling your jewelry or watch at that much lower price.
Check whether the auction website is publishing prices from past online jewelry 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 Diamond Estate Jewelry Buyers would pay you for your estate jewelry, vintage Swiss timepiece, or large carat diamond ring.
Why is the amount so much less? This is because the vast majority of jewelry buyers at online auctions are wholesale jewelry buyers and diamond dealers–this includes those increasingly popular online auctions which specialize in diamond engagement rings and claim to put you in direct contact with consumers who are willing to pay you more money for your engagement ring. The vast majority of bids made on these websites are from wholesale diamond dealers, not from couples looking for a great deal on an engagement ring.
So to summarize the situation, when you deal with any online auction that claims to specialize in engagement rings or estate jewelry, you are frequently just presenting your items to a number of wholesale buyers, who will pay you the wholesale dealer price for your jewelry or watch, minus the commission and fees taken by the auction. When all is said and done, you are basically adding one more middle man (i.e. the auction) between you and the wholesale buyer, which ends in you getting substantially less money for your fine jewelry or watch than if you had gone directly to a high-paying honest jewelry buyer like Diamond Estate Jewelry Buyers.
How do we know all this? Because we work with clients every week who have tried for months to sell their diamond jewelry or collectable timepiece via one of these online jewelry auctions–and who are shocked at how much higher our offer was compared to what they had received and almost accepted.
When you sell a watch or fine jewelry to Diamond Estate Jewelry Buyers, you eliminate the auction middle man and all of the uncertainty that comes with auctioning your item. Our owner Carl Blackburn is an internationally-recognized fine jewelry designer and one of the most trusted buyers of estate jewelry and watches in the country.
He and his team bring 50+ years of combined expertise to the table when purchasing your antique jewelry, large carat diamond rings, precious colored gemstones, and luxury timepieces. We tell you exactly how much your fine jewelry or watch is worth (explaining in detail how we have arrived at that price). And we pay you immediately in cash.
Call Us Toll Free: (800) 956-8505
Selling Jewelry & Watches Via an eBay Auction
There is a greater likelihood to sell directly to individual retail buyers when selling fine jewelry and valuable timepieces via eBay. However, this option generally works best only for those who are established jewelers who have bricks-and-mortar businesses.
Keep in mind that a person cannot just go and open a new eBay account and suddenly sell their $7,000 Rolex watch or diamond ring. Besides the fact that the potential buyers will be wary of a new seller with no prior feedback/reviews, eBay itself puts all sorts of restrictions on new sellers, one of which is limits on high-ticket items. And even further restrictions are put into place when trying to sell items from luxury makers like Rolex, Tiffany & Co., Cartier, etc.
Even if you are able to get your fine jewelry or timepiece placed up for sale on eBay, it’s unlikely that you’ll be able to get serious offers for your item (unless you have a long history as an eBay seller). The potential for fraud is simply too great for most buyers to risk spending thousands of dollars to purchase luxury designer jewelry or timepieces from a relatively unknown eBay seller—even with the increasing safeguards that eBay has put into place.
Lastly, sellers should also take into account the hassle and time involved in setting up a proper and professional looking eBay listing for their fine jewelry or timepiece—including quality photographs, well-written text descriptions, etc.
After taking all of this into consideration, it is easy to understand why so many people nationwide choose to sell their fine jewelry and prestige watches to Diamond Estate Jewelry Buyers. The entire process is easy and fast. We guarantee a fair and prompt cash offer for your valuable jewelry or timepiece, as well as your complete confidence in the security and confidentially of the process.
Let us help you sell your estate jewelry and timepieces for more cash today. Call our friendly and knowledgeable staff to arrange a free jewelry appraisal and generous cash offer.