Where to sell Jewellery

Discussion in 'Jewellery & Gems' started by JS1880, Sep 9, 2019.

  1. JS1880

    JS1880 Active Member

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    Hello all
    I have some random diamond rings, broches etc. Where is the best place to take them to sell as i have no idea what the diamonds etc are worth?
    Appreciate any advice
    Cheers
    JS1880
     
  2. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    Bullion Now in Collins St, is good for selling scrap gold.
     
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  3. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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  4. JS1880

    JS1880 Active Member

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    Do they buy diamond rings though?
     
  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    They will pay you for silver and gold content, not for gems. There are diamond traders in the same building but not sure if they buy from public.
     
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  6. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    They will help point you to the right guys for the particular item you have.
     
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  7. JS1880

    JS1880 Active Member

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    Thanks everyone most appreciative
    JS1880
     
  8. ddevil

    ddevil Active Member Silver Stacker

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    They will give you the best price for your scrap. Make sure you tell them that you found them through Silver Stackers to get the special SS rate
     
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  9. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    I’d imagine if you took a ring to scrap/bullion dealer, the best you can get is spot?

    Value of stones are subjective, so it’s hard to tell what it is worth, but a nice looking jewellery should get you a premium if you have time.

    If it was me I’d try to find out what the stones are worth and sell as jewellery, here, eBay Facebook etc.

    If the stones are higher quality, I’d even get the worthless valuation certificate.

    Small stones of medium to lessor quality is worthless in secondhand market by itself.
     
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  10. ozcopper

    ozcopper Administrator Staff Member

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    You will maybe get more if you list them on here. You can easily ask spot + 10% and maybe more for nice items. It would be a shame to scrap them.
     
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  11. JS1880

    JS1880 Active Member

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    Yes might get them valued and post them here first.
    Cheers
     
  12. ddevil

    ddevil Active Member Silver Stacker

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    Depending where you go, you'll get 87% to 92% of spot for scrap. You need to have a good quality stone in order to get any money for it. Sadly, that's just the way it all works. If someone offers you spot for scrap, then take it!
     
  13. Stacking4SAM

    Stacking4SAM New Member

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    If you have any vintage or antique jewellery I would be interested above spot, even well above spot.
     
  14. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Did you end up finding a place for diamond jewellery? I am also looking to sell but hard to price diamonds for sale on the forum.
     
  15. JS1880

    JS1880 Active Member

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    Sold them privately a little bit under valuation. Yes diamonds make it tricky tbh. If you see Stewart at bullion now he might be able to help.
    JS
     
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  16. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Will give him a call, thanks.
     
  17. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    Stuart is actually with "Goldmongers Precious Metals"
    E-mail: [email protected]
    Mobile: 0421 101 791

    He shares an office with Bullion Now so it gets a little confusing.
     
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  18. Number 47

    Number 47 Well-Known Member

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    I wouldn't get your hopes up about getting above spot price.

    They're more likely to pay 10% below spot, that allows them some profit margin if they can't sell it and have to scrap it themselves.

    I know a bloke who buys jewelry, he's not interested in silver and the stones are not factored into his price. He pays 10% below spot.
    Some of his jewelry get sold, most gets scrapped and the stones go into a bag for grading.
     
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  19. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    I think Goldmongers have a deal going where they'll give Silver Stackers 95% of spot. So it's important to mention to Stuart that you're from Silver Stackers. It's probably the best deal you'll get from any dealer in Australia.
     
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  20. 66rounds

    66rounds Well-Known Member Silver Stacker

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    There is no better buyback rate for scrap gold in the southern hemisphere than 95% of spot. Coupled with the fact that he shares an office with Bullion Now who pay spot for bullion, we are honestly very lucky here in Melbourne. I post my stuff in to him all the time. Now if we could find a place to sell our stones, it would be like cherry on pudding!
     
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