Jewelry stores that buy jewelry are out there. There are so many places that do it, there’s sure to be a place near you. But details between the jewelry stores that buy jewelry vary. Some only do it at certain locations. They all only accept certain items. And how long until you get paid all varies. Read on to decide where to sell diamonds, where to sell an engagement ring, and more…
Sep 29, 2018 While gold jewelry (rings, bracelets, chains, brooches, earrings, etc.) may be the first thing to come to mind when considering gold to sell, it’s important to know that most places that buy gold are interested in many types of gold beyond jewelry, including medical jewelry, coins, bullion, gold flakes and nuggets, scrap gold, and even dental. Aug 20, 2018 Check out your phone book or google search “sell jewelry near me” for more information on fine jewelry shops in your area. How to sell: Request an appraisal kit from the Sell Your Gold website. Follow the instructions and send your items in by mail. They’ll include a free shipping label, packing materials and shipping envelope as well.
Major Jewelry Stores That Buy Jewelry or Diamonds from Customers
Jewelry stores reference the daily London Fix as a guide to the price of gold, silver, or platinum per ounce. This translates into the amount of money jewelry stores are willing to pay for your jewelry. Listed below are the major jewelry stores that buy customer’s jewelry.
1. Circa
- Can you sell to Circa at a retail location? Yes, Circa has thirteen locations and over 100 Authorized Retail Partners at which jewelry is purchased.
- Items accepted: Luxury jewelry and watches by famous makers.
- Items NOT accepted: Circa specialized in fine jewelry and requests only jewelry valued over $500 be sent in for consideration.
- Payment options: Paper check by mail.
- How long does the process take? In store, one to two hours; by mail, three to five business days.
- Diamond trade-in program? No.
2. Daniel’s Jewelers
- Can you sell to Daniel’s Jewelers at a retail location? No.
- Items accepted: Anything made primarily of gold, platinum, and large silver items, including flatware, tea sets, candlesticks, watches, and gemstones. See their full list of accepted items.
- Items NOT accepted: Small silver items, costume jewelry, copper or pewter (suggested article: Here’s What Pewter Is Worth Nowadays (It’s Rising in Popularity).
- Payment options: Paper check by mail or PayPal account. Each payment includes an additional $50 Daniel’s Jewelers Gift Card.
- How long does the process take? One to two weeks.
- Diamond trade-in program? No.
3. Fink’s Jewelers
- Can you sell to Fink’s Jewelers at a retail location? Yes, only through in-store events coordinated with Circa.
- Items accepted: Gold, silver, and platinum jewelry, diamonds and watches.
- Items NOT accepted: Fink’s Jewelers encourages customers to bring in all jewelry for consideration
- Payment options: Paper check immediately. You can sign the check to Fink’s Jewelers for full value plus 20% of amount to be applied to a new purchase.
- How long does the process take? One to two hours.
- Diamond trade-in program? Yes, any Fink’s Jewelers diamond purchase value can be applied towards the purchase of a new diamond. The original diamond jewelry must contain at least one stone of 0.25ct or larger.
4. Hannoush
- Can you sell to Hannoush at a retail location? Yes, but only at their stores in Connecticut.
- Items accepted: Bracelets, necklaces, earrings, pendants, rings, and bands. They will consider pieces made of precious metals and with precious gem stones.
- Items NOT accepted: Broken jewelry.
- Payment options: By check after the items have been evaluated.
- How long does the process take? Same day, as evaluation is done in store.
- Diamond trade-in program? Yes. The original diamond jewelry must be purchased at Hannoush and have regular 4-month inspections accomplished by Hannoush Jewelers. The new diamond purchase must be a minimum of 50% greater than the original purchase price.
5. Helzberg Diamonds
- Can you sell to Helzberg Diamonds at a retail location? No, Helzberg Diamonds will not purchase at retail location but can assist customers in packaging their jewelry to send to Helzberg Diamonds Gold Purchase Program.
- Items accepted: 10kt – 24kt gold and platinum, rings, necklaces, dental gold. See their full list of accepted items.
- Items NOT accepted: Diamonds, gemstones, sterling silver, watches, gold coins or bars.
- Payment options: Paper check via mail.
- How long does the process take? Two to four weeks.
- Diamond trade-in program? Yes, diamond jewelry originally purchased from Helzberg Diamonds can be traded in towards the purchase of a new item twice the value of the original item.
6. Jared The Galleria Of Jewelry
- Can you sell to Jared at a retail location? No. However, they do offer jewelry appraisals at their retail locations.
- Items accepted: Rings, bracelets, damaged or broken jewelry, medical jewelry, scrap gold, dental gold. See the full list of accepted items.
- Items NOT accepted: Diamonds, gemstones, watches, new jewelry, investment metals.
- Payment options: Paper check by mail or Jared Gift Card for 10% more than value of check.
- How long does the process take? One week to two weeks.
- Diamond trade-in program? Yes, diamond jewelry purchase from Jared or another retailer can be traded in for a new diamond item worth twice the original purchase.
7. Kay Jewelers
- Can you sell to Kay Jewelers at a retail location? No.
- Items accepted: 10kt – 24 kt gold and platinum, damaged jewelry, scrap gold. See their full list of accepted items.
- Items NOT accepted: Gemstones, investment metals, timepieces.
- Payment options: Paper check via mail or Kay Jewelers Gift Card for 10% more than cash offer.
- How long does the process take? One to two weeks.
- Diamond trade-in program? Yes, diamond jewelry purchased at Kay Jewelers or purchased elsewhere can be traded in towards the purchase of a new item at Kay Jewelers of at least twice the value of the original item.
8. King’s Jewelry
- Can you sell to King’s Jewelry at a retail location? Yes, King’s Jewelry retail locations purchase both diamonds and precious metals from customers.
- Items accepted: Diamond jewelry, loose diamonds, gold, silver, and platinum.
- Items NOT accepted: Customers are encouraged to bring all items into a King’s Jewelry location for consideration.
- Payment options: Paper check or store credit worth 20% more than check.
- How long does the process take? One to two hours.
- Diamond trade-in program? No.
- Find your nearest King’s Jewelry in Pennsylvania or Ohio.
9. Morgan Jewelers
- Can you sell to Morgan Jewelers at a retail location? Yes, call or visit the Morgan Jewelers location nearest you for more details and current pricing.
- Items accepted: Yellow and white gold.
- Items NOT accepted: Diamonds and gemstones.
- Payment options: Paper check in-person or store credit.
- How long does the process take? One to two hours.
- Diamond trade-in policy? Morgan Jewelers offers a trade-in policy for diamond jewelry originally purchased from Morgan jewelers to be applied towards the purchase of a new item at least twice the amount of old item
10. Reeds Jewelers
- Can you sell to Reeds Jewelers at a retail location? Yes, retail locations offer a jewelry buy-back program. Contact your local store for more information.
- Items accepted: Gold, platinum, sterling silver and diamonds at least 0.5tcw.
- Items NOT accepted: Estate or antique jewelry.
- Payment options: Paper check in person or store credit.
- How long does the process take? One to two hours.
- Diamond trade-in program? Yes, customers can trade in Reeds diamond jewelry towards the purchase of a new diamond item at least twice the value of the original item.
11. SellYourGold.com
- Can you sell to SellYourGold.com at a retail location? No.
- Items accepted: Gold, silver, and platinum jewelry; diamonds, watches, precious metals, estate jewelry. The full list of accepted items is here.
- Items NOT accepted: Costume jewelry, computers, or catalytic converters.
- Payment options:Check by mail, PayPal, or Direct Deposit.
- How long does the process take? 24 hours to one week.
- Diamond trade-in program? No, only diamond purchase program.
12. Shane Co.
- Can you sell to Shane Co. at a retail location? Yes. Shane Co. will purchase jewelry at retail locations.
- Items accepted: Any gold, silver, or platinum jewelry.
- Items NOT accepted: Dental gold, computer parts
- Payment options: Paper check immediately in store, check by mail, Shane Co. store credit, or application to Shane Co. layaway account.
- How long does the process take? The transaction can be completed within one to two hours at a Shane Co. location. If selling jewelry by mail, the transaction will take up to 3 days.
- Diamond trade-in policy? Shane Co. offers a trade-in policy for any gemstone, including diamonds. Gemstone and diamond jewelry purchased at Shane Co. or elsewhere can be traded in for something of greater value. The minimum increase in value of the new item is listed on their website.
13. Tourneau
- Can you sell to Tourneau at a retail location? Yes, Tourneau regularly holds buying events at their retail locations.
- Outside of a buying event, initial evaluation of items can be completed in a Tourneau retail location, but for final evaluation, items must be sent to Tourneau’s central inspection facility in New York.
- Items accepted: Tourneau only accepts watches from top brands, including Rolex, Cartier, Patek Philippe, IWC, Omega, Breitling, Panerai, Jaeger-LeCoultre and other luxury brands. During buying events at retail locations fine jewelry is also accepted.
- Items NOT accepted: Tourneau will not purchase watches containing after-market or non-authentic parts or watches in extremely poor condition.
- Payment options: Paper check by mail or store credit for 20% more than the trade-in value.
- How long does the process take? Three days to one week.
- Diamond trade-in program? No.
14. White Pine Diamonds
- Can you sell to Pine Diamonds at a retail location? Yes, physical locations are in New York City, Tokyo, or Birmingham UK. Appointments for higher value items can also be made in Dallas and Los Angeles.
- Items accepted: Loose diamonds, diamond jewelry, designer jewelry, estate jewelry, watches, see full list of accepted items.
- Items NOT accepted: Single diamonds under 0.5ct.
- Payment options: Bank transfer within 24 hours of accepted offer, paper check via mail or store credit with an online or local retail partner.
- White Pine offers a purchase price of 10% more to customers who select store credit for White Pine’s online partners, Blue Nile and LovedLuxuries.
- White Pine offers a purchase price of 20% more to customers who select store credit at one of White Pine’s local retail partners.
- How long does the process take? Two days to one week.
- Diamond trade-in program? No, only diamond purchase program.
- Find your nearest White Pine Diamonds.
15. Zales
- Can you sell to Zales at a retail location? There is not a corporate policy in place regarding buying customer’s jewelry. Individual stores may evaluate and purchase customer’s jewelry.
- Items accepted: Up to the discretion of each store.
- Items NOT accepted: Up to the discretion of each store.
- Payment options: Cash or store credit.
- How long does the process take? One to two weeks.
- Diamond trade-in program?Yes, diamond jewelry purchased from Zales can be credited towards the purchase of a new item at Zales of at least twice the value of the original item.
Select local independent jewelry stores will also buy jewelry from customers. If you choose to pursue finding a local jewelry store to buy your jewelry, make sure it is a credible retail location. One way to find a good-quality jeweler is to search for those certified by the American Gem Society.
Jewelry Stores That Will Not Buy Jewelry or Diamonds from Customers
- Ben Bridge Jewelers
- Charm Diamond Centres
- Fred Meye
- James Avery Jewelry
- Na Hoku
- Rogers & Hollands/ Ashcroft & Oak
Tips for Getting the Most Money
Clean the jewelry. An item that is shiny and sparkling is going to sell better than one that is dingy and dirty. Most jewelry stores will clean your jewelry for free, but you can also give your gems a gentle cleaning with mild soap, warm water, and a soft toothbrush. Using a hard toothbrush, toothpaste, or abrasive cleaning chemicals will scratch metal and can damage gemstones. If you’re in any doubt about the best way to clean your jewelry, it is best to leave it to the professionals rather than risk permanently damaging the item.
Monitor metal prices. If you don’t need to sell the jewelry right away, periodically check on the prices of metals and sell when you start to see an upward trend in the price per ounce. The same principle can be applied if you have jewelry that’s out of style; if you can afford to wait to sell the jewelry, the style might become popular again.
In Summary
There are many options for selling your jewelry, from a local jewelry store to online companies and even non-traditional outlets like consignment stores or pawn shops. Whichever route you choose, you now know the best way to sell an engagement ring, loose diamonds, and more.
Suggested Articles: Is Gold-Plated Jewelry Worth Anything? Answered and Where to Sell Stamps & Stamp Collections.
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If you sell your gold, make sure to get the best price available. (Photo by Frank Espich)
Want to know where to sell gold jewelry for the best price or what to expect when you sell gold? Learn the basics of karat, weight and gold prices.
Buying gold is big business, especially when the price of gold per ounce increases during a recession or any economic uncertainty. The last recession inspired a kind of gold rush among modern-day treasure hunters eager to strike it rich selling gold. With the price of gold still relatively high, selling unwanted gold jewelry continues to provide good opportunities for quick cash. Nonetheless, weeding out the real experts among the flock of gold buyers to get the best price can be tricky.
Here’s a simple guide and some tips to help you navigate the muddy waters of selling gold jewelry:
Related Artlcles
Determining how much gold is worth
Three variables affect the amount a seller might get for scrap gold:
• How pure is the gold in the jewelry (karat)
• Its weight (gold is sold in troy ounces, also measured in grams or pennyweights)
• The gold spot price.
Pure gold (24K) is bright yellow and very soft. Often, other metals are blended in to give it hardness and color variation. This accounts for the different karat stamps (such as 10K or 14K) found on some jewelry.
The purit of gold jewelry is determined by testing processes such as an acid/scratch test, electronic tester, or X-ray fluorescence scan. It's not enough to go by the karat stamp because fraud is more common in the current gold rush.
Once the purity is known, a jeweler weighs the piece of jewelry, then calculates its per-gram value against the current market price of gold.
For example, you have a 14k gold chain. That means, 58.3 percent of the chain is pure gold. The chain weighs 90 grams. 58 percent of 90 grams is 52.2 grams of pure gold in the chain. There are 31.1 grams in an ounce of pure gold. Therefore, this chain is 1.68 ounces (52.2 divided by 31.1).
Weight, karat and spot price matter when you sell gold
Two variables in the gold purchasing formula never change: the karat and weight. But the spot price of gold can fluctuate by the hour. And the price any jeweler is willing to pay varies widely, as they balance their profit margin.
Gold buyers aren't bound by any restrictions when it comes to buying gold. They can give you 100 percent of that day’s gold value and make nothing, or they can give you 10 percent of the day’s value and hope to make a 90 percent profit when they sell it. An established, reputable jeweler will generally pay at least 50 percent of the gold spot price.
Craig Oliver, of Hartley Jewelers in Olympia, WA, appraises some jewelry for a customer. (Photo by Mike Penney)
Where Can I Sell Gold Jewelry?
The real question everyone wants to know is, “Where can I sell gold jewelry for the best price?” The best advice is to visit several area jewelers and find out what they will offer for your jewelry. Here are some tips when choosing a gold buyer:
1. Choose a reputable jeweler. Look for someone who has been in your community for a long time — they have a reputation to protect.
2. Make sure the jeweler has a permanent location. Always sell your gold to a place with a fixed address. Visit the location to be sure. Don't just call.
3. Consider what you plan to sell. If you have a unusual gold coin, for example, it is possible that the coin is worth more than its gold content. Consult a coin dealer in this case. The same holds true for antiques.
4. Ask questions. Make sure you feel the jewelers are being transparent about how they determine the value of your jewelry. Make sure you know what they do about any stones inside it.
5. Recyle your jewelry. You may prefer to choose a jeweler who sometimes elects to re-use the gold they purchase. This has a reduced impact on the environment.
Precious stones don't affect price of gold
A jeweler or gold buyer collects gold and sells it to a refinery, which often pays more than 90 percent of market value. Scrap gold is then melted down and sent on to other, larger, refineries. Stones, however, are not sent to refineries. So ask about them when discussing your jewelry with a gold buyer.
If your jewelry has stones, pay close attention. This step separates the experts from the amateurs. Experts have a way of estimating, to a fairly accurate degree, the weight of the stones without removing them.
This means you will get a more true value of both the stones and the gold. If the stones are valuable, the jeweler should inform you of their worth, and discuss your options for keeping them. The amateurs will often guess at the weight and value of the stones, and many won’t even make getting them back an option.
A reputable jeweler will offer to remove any stones from the jewelry you are selling and return them to you, though there is often a price for having this work done. Some stones will be too small or chipped to be of any value, but a trustworthy jeweler will explain this to you and offer to return any stones of significance.
Even a large diamond will only have a small effect on the overall weight of a piece of gold jewelry. Don't believe that stones make up the majority of the weight, thereby reducing the amount of gold value.
Editor's note: This is an updated version of an article originally posted on Dec. 16, 2013.
Since 1967, Hartley Jewelers has enjoyed a long-standing reputation as artisan crafters of fine jewelry. The jeweler provides jewelry sales, design and repair in Seattle’s South Sound Area, as well as jewelry appraisals, purchases and manufacturing.
As of June 19, 2015, this service provider was highly rated on Angie's List. Ratings are subject to change based on consumer feedback, so check Angie's List for the most up-to-date reviews. The views expressed by this author do not necessarily reflect those of Angie's List.