How to Find a Reputable Jewelry Buyer

There are a lot of flashy TV commercials, mail-in offers and kiosks in malls offering quick cash for your jewelry, but finding the best option for you is a lot like choosing a new doctor; you want to be sure you're getting someone well-qualified for the job.

Here's what to look for in a jewelry buyer.

Length of Time in Business

How long has the jewelry buyer been in business? Is it an established business with a few years' experience? You can check the company's background with the Better Business Bureau to see if there are any complaints against them.

Legitimacy of Company

Appraisers should have the proper certifications and licenses. For instance, the buyer could have been trained by the Gemological Institute of America, which has been in the business of educating since 1931.

Authentic buyers will take the time to follow proper protocols - a scammer won't.

Getting an Estimate

Avoid buyers who claim that prices fluctuate too much to offer a solid estimate. They aren't being totally honest. Choose a company that is open about its buying prices and is willing to give you a reasonably accurate price quote before seeing your jewelry.

Beware of companies that brag about unusually high prices, as they may be quoting per pennyweight, not per gram and that's a trick to make you think you're getting more when you're actually getting less.

Customer Service

The best jewelry buyers treat their customers with care and respect. If you're not able to get a prompt, accurate and professional response to your questions, walk away.

If you're not happy with the price you are offered, you should be allowed to back away with no questions asked.

Prompt Payment

If you mail you're jewelry away to be appraised, find a jewelry buyer that can offer you immediate payment, either through PayPal or by direct bank deposit, both of which are fast and easy.

If you sell in person, you can accept cash but, for large amounts, a cheque would be more practical. Cheques should be from a trusted bank with local offices and not post-dated.



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Marlene Alexander is a freelance writer. She writes tips and ideas for budget decorating on her website, Dollar Store Style.