The internet offers an abundance of blogs, websites, and marketplaces dedicated to buying and selling gold jewellery. Some of these are genuinely helpful and legitimate, while, unfortunately, many are not. Two of the best ways to determine which is which and avoid scams is to start local and to take your time. Interestingly enough, in doing so, you will probably find that the jewellery buyers that interest you the most are the most helpful.
Le Lion d’Or in Montreal, falls into the category of reliable, local jewellery buyers. We have been helping the people of Montreal find fair prices for their gold jewellery, in whatever condition it may be, since 2006. This is why we offer you these 3 tips for selling broken jewellery in a satisfactory way.
I. Find out What You Have
To get the best price for your jewellery, you need to know what you have. Therefore, if you don’t already know the quality of the gold and jewels you wish to sell, request an appraisal or a free estimate from a reputable jewellery buyer. They will be able to weigh and validate the condition and current value of your pieces. While a reputable buyer may offer to buy it from you on the spot, they will also allow you the time and space to think about selling your gold jewellery to them.
II. Shop Around
Just as you shop around when you are buying jewellery, you are free to shop around when you are selling it. Some buyers may request that your broken pieces be repaired before they offer a price, while others may not. It will depend on the buyer’s intention: to resell your piece as is or to recycle it into something new. The biggest red flags to look for while shopping around are pushy buyers and buyers who want to keep your jewellery and pay for them later, by cheque, or some other suspicious manner.
III. Do Your Research
This tip is a combination of the first two. Your research should include not only the estimated value of your broken jewellery but also:
the current market value and demand for the pieces
the reputation of the buyer and their professional affiliations
whether it is more beneficial to repair your broken jewellery or to sell it as is
the history of and interest in your pieces:
where and when were they procured?
what was their original value?
are they vintage or antique?
do they contain rare or materials or gemstones?
were they worn by an historically significant person or to an important event?
the uniqueness of your piece
the possibility of trading in your gold jewellery for a new piece or one customized for you either from your own jewellery or the buyer’s stock
Visit Le Lion d’Or in Montreal
If you have gold jewellery you would like to sell, contact or visit Le Lion d’Or in Montreal. We buy pristine, vintage, and broken jewellery at a fair price and pay cash on the spot at our shop at 5840 Boulevard Décarie in Montreal once you are ready to sell.
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