Are you eyeing that sleek piece of gold jewellery in your drawer, wondering if it's time to bid farewell and turn it into some extra cash?
Selling gold jewellery can be a daunting process... but it doesn't have to be if you know what you're doing.
We'll walk you through the ins and outs of parting ways with your cherished pieces - specific to New Zealand.
1. Take the gold jewellery you want to sell to get appraised. If you have a good relationship with a jeweller, they can help you with this. If not, places like GemLab and JVC are great. These appraisers will determine a fair market value for your gold jewellery.
2. Armed with an official valuation, you should now decide how you want to sell your gold jewellery. Here are your 2 best options:
- Sell the jewellery yourself through friends/family and services like TradeMe/Facebook Marketplace. You may get a higher price, but you have the hassle of negotiating with buyers and the potential scams of online marketplaces.
- Sell on consignment with a jeweller, removing hassle and taking advantage of their clientele for an easier sale. However, they will typically take a percentage of the sale as payment for this service.
Whichever option you choose, remember to be safe and only deal with people you trust (this includes jewellers!).
3. Potential price reductions. If your jewellery isn't selling in a time frame acceptable to you, consider lower the price or asking a jeweller to re-adjust the price for a faster sale.
There you have it - a simplified process for selling gold jewellery in New Zealand. If you have any questions or are interested in selling on consignment with us, get in contact here.
Happy selling!
