Estate and Second-hand Jewellery Dealers in Brisbane
Diamond Brokers Queensland are your trusted source for estate and second-hand jewellery in Brisbane. As licensed estate and secondhand dealers, we take pride in curating a select collection of popular designer jewellery and secondhand engagement rings in our Brisbane studio.
Licenced Jewellery Dealers in Brisbane
Our primary focus is on providing secondhand engagement rings featuring certified diamonds and gems of exceptional quality. We understand that selling your secondhand jewellery privately can be a challenging endeavor fraught with concerns about trust and security. That’s where a licensed dealer like us can make all the difference. We are here to help, providing an accurate assessment of the resale value of your jewellery and provide you with the best options to sell it safely and conveniently, ensuring you receive the best possible return.
Trustworthy Second- Hand Jewellery Dealers Offering a Fair Price
Selling gold jewellery is relatively straightforward as preciuos metals have a standardised market price. However, when your jewellery is in exceptional condition and boasts high-quality diamonds or gemstones, finding genuine industry buyers willing to pay a fair price can be more challenging. As professional diamond merchants, our aim is to offer you a fair and reasonable price based on the wholesale value of your jewellery. Selling the complete engagement ring in a single sale is always the expectation, compared to selling it separately for its individual components.
Diamond Jewellery Sales Process
Jewellery where the diamond comprises the most significant portion of the value has higher sale potential and offers more flexibility in terms of selling options. However, for modern mid-range jewellery with lower gem value, selling the entire piece is typically the only way to secure a decent return, especially when the manufacturing cost makes up the significant part of the original price.
Diamond Brokers Queensland the Estate Jewelry Specialists
Depending on the style and quality of your jewellery, we offer various sale options, including cash purchase, store consignment, trade listings, or exchanges. Achieving the best price for your secondhand jewellery requires listing it where it can reach the widest audience while ensuring trust and security. Diamond Brokers have been specializing in estate jewelry and secondhand engagement rings in Brisbane since 2002, catering to a broad clientele through our wholesale, online, and physical store presence. Please note that all in-store consultations and assessments are strictly by booked appointment only.
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What Is Your Second-Hand Jewellery Worth?
The value of your secondhand jewellery or ring is primarily determined by what it cost the jewellery store to create the piece. At best, a secondhand ring can be sold for a price close to what it would cost to purchase new from a retail store when discounted on sale. However, as condition, quality, and style diminish, so does the price. Understanding the value of your secondhand engagement ring involves considering its two main components: the metal (gold or platinum) and the gem (diamond or gemstone). The resale value of a ring is based on what someone is willing to pay for each of these components. Higher quality, better condition, and attractive designs increase the likelihood of selling close to the new replacement price.
Gold and platinum are precious metals with a market value, but as new, a ring mount is worth the cost of the metal plus the manufacturing expenses. The scrap value of a ring is minimal, but depending on factors like condition, complexity, manufacturing method, and design attractiveness, a ring can achieve a value close to the new replacement cost.
Gemstones within a ring also have a set market value based on wholesale replacement, provided there is no damage. Diamonds are easier to resell, as they rarely sustain damage and are highly popular for use in engagement rings whereas coloured gemstones are much softer and unless relatively new can sustain chips and scratches.
Once a diamond or gem has sustained damage then the value rapidly diminishes with the condition and is usually considered worthless for resale unless the gem is large enough to be re-cut.
The majority of the gem value will always be held is the main stone with most smaller diamond and gems having only minor resale interest. Diamonds above 0.50ct no matter the quality will retain high market value and is what any buyer is looking at when determining the value of a ring.
To sell a second hand engagement ring requires finding a buyer who requires a ring with the right size and quality diamond that is within their budget and a design that is similar to their taste and expectations. Not an easy task and this is the same even for jewellery stores, which is why we suggest even for the most popular selling rings it will take an average of 6 months to sell.
When the value of the main diamond makes up the majority of the ring value then achieving a return is much easier and relies less on the need to sell the whole ring. When the ring value is split amongst the various components then the ring has to be sold on the merits of the whole design to achieve a reasonable return, which can be a much slower process. Diamond Brokers Queensland have the experience and understanding of the second hand diamond ring market to get your ring sold in the most efficient manner at the best possible price.
Show more +Alternatives to Selling Your Second Hand Jewellery
Unfortunately some second hand jewellery and diamond rings due to their age, quality, design or cost of purchase are almost impossible to sell as they just no longer have any significant sale potential other than their gold value. If your ring falls into one of the unsalable categories there are some further options.
Some jewellery just needs to be re-gifted to someone else that may appreciate the piece but if is broken or unwearable then recycling your jewellery to take the pieces and use them in a new piece that you can wear.
If you really dont want anything to do with them or have no one to give them to then trading them in can give some return. Often a retail store will not be interested in paying much money for your ring but if you are purchasing a new ring they are more accepting to take your ring as part of the payment for something new.
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Selling Jewellery Privately at Auction or Marketplaces
There are several small and large online auction sites where you can list your ring, unfortunately we have found that this can be a fairly flawed style of selling with low returns and questionable quality listing. Auctions are designed to create a short term listing with a fast sale rate but are higher risk with little change to view or understand the true quality of what you are buying. Auctions can be an efficient way to gain a sale but by sacrificing the time required to find the right buyer can result in low return of 5-10% of their valuation price.
One of the greatest distractions when trying to sell your quality jewellery on auction sites is the high volume of rubbish jewellery where the quality is too low to sell in any other format making it difficult for good quality jewellery to be recognised.
Listing your ring online though Marketplace, eBay or Gumtree where you can list your ring or jewellery privately to sell at your own discretion will rarely bring a high return and to achieve a fair sale price can often take several years.
Many buyers looking to purchase from theses sties are wary about the authenticity of what they are buying with lower trust between buyer and seller. There are also a high number of scammers and scavengers who are looking to take advantage of sellers not knowing what their ring is worth or their desperation to sell.
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