Do you want to know where to sell jewelry that you don’t need? Here are the best places to sell jewelry online and near you to make extra cash.
Whether you have necklaces, engagement rings, bracelets, watches, pearls, gemstones, chains and earrings, or diamond rings – you can make a lot of money by selling your stuff and cleaning out your jewelry box.
Depending on how fast you want the money and what type of jewelry you have, there are many different ways you can sell your stuff online or in person.
If you have expensive jewelry, then Worthy will fetch you the highest price as they are one of the best online jewelry buyers.
But if you need the cash immediately, then your best option is a pawnshop or gold buyer in your community.
Each of the options have its own advantages and disadvantages, which I’ll cover below.
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Table of Contents
1. Worthy
With a 4.6 out of 5 Star rating on TrustPilot, Worthy is the most popular place to sell jewelry online.
Worthy uses their online auction setup to help you receive the highest price for your jewelry.
Their network has over 1,000 professional industry buyers, which means many people will see your jewelry, and there’s a good chance that you’ll get a better price than at your local pawn shop.
Simply send your jewelry to Worthy (free and fully insured shipping via FedEX), and they will clean and photograph your items to prepare them for auction.
Once the auction successfully concludes, you’ll receive your final sale amount minus their fee (which is a percentage of the price your valuable was sold for). You’ll get paid via a bank transfer, PayPal, or check.
The whole process takes around 10-14 business days from the time your jewelry arrives at Worthy to when you get paid.
Below are the types of jewelry you can sell on Worthy:
- Diamond jewelry – Including rings, bracelets, earrings made from gold or platinum, and necklaces.
- Branded watches – Including Rolex, Omega, Tag Heuer, Cartier, and many more.
- Designer jewelry – Including Tiffany & Co, Cartier, Harry Winston, and many more.
It’s okay if your piece isn’t in perfect condition. Worthy will still sell imperfect jewelry, even if it is broken or incomplete. Watches, however, must be in working condition.
2. Shopify
If you have a collection of jewelry, or have an interest in making handmade jewelry, consider selling it on Shopify.
Shopify can be a great place to sell your jewelry because there are no marketplace fees and you can set your price, which gives you more control over your business.
You can start a jewelry shop with less than $100, making this a low-cost option to make money online.
Shopify offers a 3-day trial, which allows you to customize your site, source products from dropshippers (like AliExpress), or start listing your own products for sale.
Below are the types of jewelry that sells best on Shopify:
- Charms
- Print-on-demand engraved jewelry
- Hoop earrings
- Pendant necklaces
3. Etsy
Etsy is another popular online marketplace where you can sell your handmade or vintage jewelry. This allows you to resell items you’ve bought or your own creations.
Jewelry is one of the top selling items on Etsy, especially around the holidays as this is a popular gift option.
The shopping platform attracts customers from all over the world, which makes it easier for more people to find your jewelry. Plus, Etsy will help you with shipping and getting the product to your customers.
If you have expensive jewelry, then Etsy may not be the best option for you. Instead, I would choose to sell on Worthy or get an estimate from your local jeweler.
While it’s free to start your own Etsy shop, the site operates on a pay-as-you-go model. This means you’ll be charged a fee ($0.20 USD) every time you list a product for sale on Etsy.
Etsy also charges a small commission and standard payment processing fee.
4. Poshmark
Poshmark is one the largest peer-to-peer online marketplaces to sell fashion, including women’s and men’s clothing, shoes, handbags, and jewelry.
In fact, the fastest selling category on Poshmark is jewelry, which can make this a great platform to sell items you don’t use or need.
Poshmark may not be your best option for selling cheap or low-cost jewelry, since it has high commission fees. But it offers a more streamlined process and easy-to-use platform than sites like eBay.
5. Garage sales
If you want to sell your low-cost or costume jewelry, consider having a garage sale.
Jewelry sold at yard sales typically sell for much less than you might get from a local jeweler or by selling it online.
But if you have a bunch of items that aren’t worth very much, then a garage sale can be a great way to make money fast.
To help increase your sales, I recommend putting a mirror next to where you have your jewelry displayed. This allows people to hold up the jewelry or try it on to see how they’ll look with your pieces.
6. Selling at auctions
If you want to get the most money for your jewelry, then you may want to sell it at an auction house.
With an auction house, they’ll advertise your jewelry to a wide selection of bidders across the globe. Your item will be sold to the highest bidder once the auctioneer has concluded the bidding process.
Most auction houses have a team of jewelry specialists that will provide you with an estimate to determine your item’s potential at an auction.
Fees and commission will vary depending on each auction house. Before you decide to sell your jewelry, make sure that you fully understand these fees and how it will impact the final amount you’ll receive.
7. Local jewelry stores
There are many local jewelry stores that want to buy your jewelry items.
This is a great option if you want to sell in person because you can speak directly to the person who will be purchasing your jewelry. Plus, they can give you immediate payment.
It’s important to do your research and choose a reputable store that gets good reviews. Don’t be afraid to shop around to see which store offers the best price for your jewelry piece.
I would also get an independent appraisal to find out how much your item is actually worth before selling it to a jewelry store. This will help you know exactly how much money you should be asking for.
Most places will offer a lot less than the price you paid for your jewelry. If this is the case, make sure you negotiate the price offered, which can help you get more money for your jewelry.
Selling your items to a local jewelry store is a good way to make extra cash faster than if you were to sell it online. But you may not get the most money for your valuable piece.
8. eBay
Like Etsy, eBay is another popular online marketplace to sell your jewelry. This can be a great way to list your items and see if people from around the world are interested in buying it.
You can sell a wider variety of jewelry on eBay than Etsy, since Etsy only allows you to sell handmade or vintage pieces.
This is a good choice if you have newer jewelry or items that don’t have a high resale value on luxury jewelry websites.
The key to your success on eBay is to take clear photos of your jewelry with good lighting. Since jewelry is usually small, you’ll want to use the macro lens on your phone.
You can even buy a macro lens which can be attached to your phone to take high-quality photos.
Before listing your items, do a quick search on eBay to see what similar pieces of jewelry are selling for. You’ll also be able to see which titles and descriptions they used in their listings to help you create your own.
eBay charges a fee when your jewelry sells, so make sure to factor this into your price.
9. Facebook Marketplace
Facebook Marketplace is another peer-to-peer social media platform where you can sell your jewelry. It’s free and easy to list items.
The key is to take good quality photos of your jewelry. Use good lighting, take photos from different angles, and you can even record a quick video to show potential buyers what they’ll be getting.
Oftentimes, buyers will try and negotiate a cheaper price on Facebook or ask if you can deliver the item. If you do decide to deliver or ship the item, make sure to include this in your price.
I always recommend pricing your item a little higher than you would like to sell it for. Then when buyers try to haggle the jewelry price, you’ll be able to offer them a fair deal.
I’ve made over $5,000 by selling my old stuff on Facebook Marketplace. It can be a great place to make extra money.
10. Pawn shops
A pawn shop is another option where you can sell your jewelry in person. They usually won’t give you as much as you would get from a local jewelry store, but it’s a quick and easy way to make money fast.
This is because no pawn shop will pay the market price for gold. Most of the customers who buy from pawn shops expect to find low prices, and they need to make a profit to stay in business.
I understand that when finances are tight, sometimes we have no other choice but to sell our jewelry to a pawn shop. However, it’s important to understand that you are likely to lose money if you choose to sell your valuables this way.
Instead, a better option is to sell to a local jewelry store or an online jewelry auctions like Worthy.
11. Consignment shops
Consignment shops are another way to sell your jewelry in person. The store will showcase your item amongst the rest of their inventory for an agreed price.
Once your item sells, the consignment shop will take a percentage of the price, which can range from 20% to 50%+.
This is different than selling your jewelry to a pawn shop or jewelry store, where they’ll pay you instantly. At a consignment shop, you won’t receive any money until your item has been sold.
Depending on your piece of jewelry, this could take weeks or even months before someone buys it.
It’s important to do your research by checking reviews and understanding their commission rate before choosing which consignment shop to work with.
12. Sotheby’s
Sotheby’s is a well-known auction house that sells luxury jewelry, watches, and fine art.
After providing a preliminary estimate for your valuable, it takes about 15 to 20 days before it can be included in one of their sales channels: in person auction, online auction, private sale, or at one of their retail locations.
It’s important to note that Sotheby’s sells jewelry that has a minimum value of $5,000. You can start by telling them about your item, submitting at least three good-quality photos, and one of their specialists will review your submission.
13. Cash for Gold USA
Cash for Gold USA is a popular site that specializes in selling gold, silver, platinum, and diamond jewelry.
They will send you a free appraisal kit to help you figure out how much your item is worth. It doesn’t matter what type of condition your jewelry is in; you’ll be paid based on the item’s weight and purity.
Within 24 hours, one of their experts will appraise your valuables and send you an offer. If you choose to accept the offer, you’ll get paid instantly by direct deposit, PayPal, a virtual credit card, or check.
What’s good about Cash for Gold USA is that they’ll also buy other forms of gold and silver, not just jewelry. This includes coins, sterling silver, flatware and serving pieces, dental scraps, and watches.
14. The RealReal
The RealReal is an online luxury consignment store where you can buy and sell designer jewelry, clothing, shoes, handbags, and more.
Depending on the price of your valuable, you’ll earn up to 70%+ of its selling price.
While you can sell unbranded jewelry on The RealReal, the bestselling brands include Tiffany & Co, David Yurman, Cartier, Chanel, Bvlgari, and Hermès.
Tips for selling your jewelry
Below are some tips on how to know the value of your jewelry so you can get the most money when selling it online or near you.
How to know what your jewelry is worth
It’s important to understand exactly how much your jewelry is worth because it will affect where you decide to sell it.
If you have high-value jewelry, then you might want to sell it at an auction house like Worthy or Sotheby’s since these specialize in luxury pieces.
But if your jewelry fetches a lower market value, then selling it through Facebook Marketplace or at a local jewelry store might be an easier and faster way to get money.
Knowing what your jewelry is made out of, the approximate market value, its weight, and the brand can help you choose the right place to sell it.
If your item is worth more than $1,000, then I recommend investing in a jewelry appraisal or getting a lab report if you have diamonds. This will let you know if you’re getting a fair price for your item.
Selling gold jewelry – Unless your jewelry is a significant size, design, or made by a luxury brand like Tiffany & Co, most gold jewelry is bought for its weight and purity (or scrap gold value).
This is good news if your items are small or broken, because you’ll always be able to get some cash for it.
Selling diamond jewelry – You’ll want to find out the cut, carat, clarity and other qualities of your diamonds.
Prepare your jewelry for sale
Once you know the market value of your jewelry, the next step is to get it ready to sell. This includes cleaning the item, making any necessary repairs, and collecting the records for the jewelry’s quality and materials.
If you decide to sell your jewelry online, you’ll want to take good quality photos of your item. You can use your iPhone or Android to take photos, just make sure to use the macro lens feature on your camera.
Since jewelry is so small, it’s important to use a lens that can help you showcase the intricate details of your piece.
Don’t accept the first offer and negotiate
When it comes to selling your jewelry for cash, you can negotiate any offer you receive, even if it’s online.
This is why being knowledge about the current market price can work to your advantage and provide a powerful negotiating tool.
You can ask the buyer to explain how they came up with their offer, which can give you an opportunity to highlight any unique features or valuable aspects of your jewelry.
If you’ve already received other competitive offers, you can mention this to the buyer, which may encourage them to offer you more money for your item. You can also propose a counteroffer that’s slightly higher than their initial offer.
Don’t be afraid to walk away if you feel that you are getting a low ball or unfair offer for your jewelry. Sometimes walking away from a deal can put pressure on the buyer to make a higher offer.
If you’re selling your jewelry online, such as through eBay, Etsy, or Facebook Marketplace, decide if you are willing to negotiate the sale price. If not, then be clear in your listing that the price is firm.
Be safe when selling your jewelry
If you decide to sell your jewelry through a platform like eBay, Facebook Marketplace, or Craigslist, it’s important to take appropriate precautions to ensure your own safety.
Below are some safety tips you’ll want to follow:
- Always meet in a public place – You never want to give out your home or work address to a stranger. Instead, arrange a public meeting spot to sell your jewelry.
- Take a friend or let someone know – Taking a friend with you can help you stay safe. But if you’re going alone to do the exchange, then always let someone know where you’re going and plan to call them after the sale is complete.
- Scan the area – Choose a public meeting place that you’re familiar with and keep an eye out for any unusual behavior. For example, pay attention to the people around you, especially if they are standing a short distance away from the transaction.
- Keep a close eye on your jewelry – Scammers might try to switch your jewelry for a fake one while they inspect it. It’s important to know the features of your jewelry and to keep a close eye on it at all times.
Frequently Asked Questions
What is the best way to sell jewelry?
The best way to sell jewelry will depend on the type of jewelry you have. For high-value jewelry, such as an engagement ring, then consider selling it on Worthy. For costume jewelry, then Facebook Marketplace might be your best bet. If you need cash immediately (same-day payment), the consider selling it to a local jewelry store or pawn shop.
Where is the best place to sell jewelry?
The best places to sell jewelry can be online or in person. For online, I recommend sites like Worthy, Cash for Gold USA, and Sotheby’s. For in person, I recommend Facebook Marketplace, consignment stores, local jewelry stores, or pawn shops. If you want to start your own jewelry business, consider selling your items on Etsy or Shopify.
How do I get the most money to sell my jewelry?
To get the most money for your jewelry, you’ll want to try selling it directly to buyers online. This avoids dealing with the middleman and lets you set the price point you want.
How can I sell my jewelry without getting ripped off?
To avoid being ripped off, you’ll want to know the current market value of the jewelry you want to sell. For high-value items, it may be a good idea to get an appraisal which can provide proof of your jewelry’s value.