Appraised Value of Jewelry Vs. Resale Value

The resale value of one’s jewelry is a question that most people do not know. The reason we know this is that every day people come into Diamond Exchange Houston to sell their jewelry and we have to educate them on the significant difference in values. The appraised value is often much higher than not only the resale value but also the original purchase price. In this article, we will explain the difference in the appraised value given to an article of jewelry such as an engagement ring versus the value that you get offered when you want to sell your jewelry.

How appraisers determine the value Of jewelry?

Jewelry appraisers create a written evaluation based on an article of jewelry such as an engagement ring, estate jewelry, diamond earrings, or custom jewelry. In their report, they will critique several areas such as the metal type, quality and size of the diamonds or gemstones, rarity, and the condition of the piece. They will use microscopes and loupes to do a thorough inspection and they will come up with the “retail replacement value”. However, this number is often highly inflated and not how much the item is worth (often not even close) if you ever try to sell that piece of jewelry.

What do jewelry buyers look at to determine the price they will pay?

The most important thing that diamond buyers or jewelry buyers look at when they go to make an offer on some jewelry, a diamond ring, or an engagement ring is the size and the quality of the main diamond(s) in the ring. All of the small diamonds in a ring do have some value, however, the majority of the value is in the main diamond. How big and also what quality of the main stone in a diamond ring typically makes up over 90% of the ring’s resale value.

What to expect when you want to sell your jewelry

If you have an item of jewelry that you would like to sell like a diamond ring then you have to look at the size of the diamonds in the ring. Is the ring made up of a whole bunch of small diamonds? If so, then do not expect a large resale value because there is not a large diamond on which to base the value. Just because the appraised value is high does not mean that the resale value is going to be high. If the ring or piece of jewelry has a large, high-quality diamond in it then you can expect a very nice cash value when you want to sell it. If you have a jewely item that has large diamonds that you might be interested definitely contact Diamond Exchange Houston today :).

Why is the resale value so much lower than the appraised value?

There are 2 factors to consider here. Every appraiser is different. Some calculate an appraised value as extremely inflated and others are more conservative. On the other hand, some diamond buyers really try to lowball you while others are more aggressive. At Diamond Exchange Houston we are often our customer’s first phone call when they want to sell diamonds and engagement rings. Oftentimes, we will encourage our clients who are bragging about their “appraised value” to go somewhere else first to get a cash offer to sell their engagement ring that way we are not the initial “bad guy” that tells them what their ring is truly worth.

Get A FREE Verbal Jewelry Appraisal Today!

If you have some jewelry that you might be interested in selling then contact the experts at Diamond Exchange Houston today. We offer FREE verbal jewelry appraisals and we can make you a cash offer on diamonds, engagement rings, diamond rings, estate jewelry items, and other jewelry items that you have. The process is super easy just give us a call today at 281-623-1105.

Get A Quote On Selling Jewelry

Diamond Exchange Houston has several different options for people that want to sell thier jewelry including cash for diamonds and engagement rings as well as a jewelry consignment option. We can offer a free estimate normally over the phone if you have enough details. Also, you can visit our jewelry store in Houston and get a cash offer where you can meet in person with our diamond buyers. Types Of Jewelry That We Buy:

Engagement Rings
Diamond Rings
Loose Diamonds
Estate Jewelry
We Pay Cash For Gold Jewelry
Necklaces
Pendants
Rolex Watches

Conclusion

The appraised value can sometimes be in line with the resale value, but often times it is much different. The main item of value in any piece of jewelry is the larger diamonds. The size and the quality of the main diamond is what makes up the majority of the resale value of an item of jewelry or a diamond ring. The best way to get the most value when you go and try to sell your jewelry or a diamond ring is to check with multiple places to see who will offer you the most money. If you are not in a huge hurry for the cash then you might want to try jewelry consignment. Contact the experts at Diamond Exchange Houston today for all of your diamond, engagement ring, and jewelry needs.

Happy Customers

          
   Sim The God 
 2024-04-17
 
 
  I sold a diamond ring here, and let me just say the customer service and hospitality is undeniable! Nick is awesome! This is a great place to bring your jewelry. The best, if you ask me!
  
 
       
   marjorie ventura 
 2024-03-29
 
 
  A good friend recommended me to go to this place to get my ring sold ! I contacted them and the response was immediately, very kind, responsable and professional people. They def look for the best option for you! If you need to sell or buy this is the right place to go ! 100% recommended
  
 
       
   Troy Bradley 
 2024-03-28
 
 
  Gili and his team at Diamond Exchange are fantastic! By far the best jewelry purchasing experience I've ever had. Very comfortable environment with great quality and prices. Thanks Gili.
  
 
       
   Patrick McKiernan 
 2024-03-27
 
 
  Highly recommend if you’re looking to take the next step in your relationship. I showed up knocking on the door without an appointment. Gili had some time and invited me right in. The folks from Diamond Exchange Houston were so accommodating and made the process way easier than I expected. Gili helped me pick the perfect diamond and my Fiance couldn’t be happier. The light box was the final touch that made it a done deal. If you’re looking for quick, easy, and superb service don’t go anywhere else.
  
 
       
   Debbie Munoz 
 2024-03-20
 
 
  Smooth process with Mariah and Gili. Highly recommend!
  
 
       
   Jose Resendiz 
 2024-03-19
 
 
  Good customer service very patient and they aren’t pushy at all very welcoming
  
 
       
   Saundra Gussman 
 2024-03-17
 
 
  I recently had the pleasure of selling several pieces of jewerly at Diamond Exchange Houston, and I couldn't be more impressed with the service I received. From start to finish, the entire process was smooth, professional, and exceeded my expectations.

First and foremost, Gili was incredibly knowledgeable and helpful. He took the time to carefully assess each piece I brought in, providing expert advice and guidance throughout the evaluation process. His expertise instilled confidence in me that I was receiving a fair and accurate assessment of the value of my jewelry.

Moreover, I was pleasantly surprised by the efficiency of the transaction. Gili worked quickly to finalize the sale, ensuring that I received payment promptly and without any hassle. His attention to detail and commitment to customer satisfaction were truly commendable.

Overall, my experience at Diamond Exchange Houston was exceptional, and I would highly recommend their services to anyone looking to sell their gold and diamonds.

Thank you Gili for your patience in the number of pieces I brought. I will be back!😀
  
 
       
   Stephen Maness III 
 2024-02-27
 
 
  Nic was extremely helpful, patient, & very informative. I’ve already been recommending these guys to all my friends looking for engagement rings, great prices great stock. All around amazing experience!
  
 
       
   howslife thatsnice 
 2024-02-25
 
 
  Love this place! They were so helpful when designing my ring.
  
 
  
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   Google rating score: 5.0 of 5, based on 253 reviews