A Guide to Selling Jewelry in Denver

There are times in life when you no longer need your diamond jewelry. Maybe you’ve replaced your old wedding band with an updated one, broken off an engagement, or just found that some pieces of jewelry you once liked aren’t your favorites anymore. The good news is that fine jewelry is good at holding value, meaning there are options to sell diamonds in Denver. This guide will provide some information for how you can get the best price when you sell your diamonds in Denver. 

What is Fine Jewelry?

Before we start discussing tips for locating diamond jewelry buyers in Denver, it is important to make sure we are all on the same page with what is meant by fine jewelry. There are a lot of different types of jewelry out there. 

Fine jewelry typically refers to any type of jewelry that is made out of precious metals and gemstones. Precious metals are things like gold and platinum that tend to have strong values on the market. Thus, if you have gold or platinum jewelry, this would typically be considered fine jewelry. If you have jewelry that has diamonds, this guide is also for you.  

Where Can I Find Fine Jewelry Buyers in Denver? 

There are many places where you can sell jewelry or sell diamonds in Denver. However, each of these places has their own unique benefits and drawbacks. If you want to get top dollar for when you sell your diamonds in Denver, understanding these are key. Thus, let’s visit the pros and cons of selling your fine jewelry to each type of jewelry buyers in Denver. 

Professional Jewelry Buyers

One source of diamond buyers in Denver are professional jewelry buyers. This is something you may find at a specialty jeweler or operating independently at a place that simply buys unwanted jewelry and reprocesses it. We fall into this category. 

There are many benefits of this type of diamond jewelry buyer in Denver. First, you will be dealing with experts that are able to evaluate and assess the quality of your diamonds and jewelry. This typically means you will get proper value for your rings, necklaces, bracelets, earrings and other fine jewelry. 

Additionally, professional jewelry buyers in Denver are typically well connected within the jewelry industry. This means that they won’t be seeking to sell your jewelry to a discounter but rather leveraging their existing relationships with vendors looking for high quality materials. This enables them to get a fair price for what they buy, helping them pass along a fair price to you. 

One of the drawbacks of selling diamonds in Denver to professional jewelry buyers is that it can be a bit more difficult to locate them than other types of jewelry buyers in Denver. However, we are happy to evaluate any gold or platinum jewelry that you have, giving you a quote that is transparent and fairly priced. 

Pawnshops

Another source of jewelry and diamond buyers in Denver is pawn shops. We all likely know what a pawn shop is. These businesses buy a wide range of things and then resell them to the public at a markup. 

The major benefit of selling to a pawnshop is that there are likely more pawnshops than professional diamond jewelry buyers. This means you can probably sell your jewelry a bit quicker here. If you are looking for a few quick bucks, this may be appealing. However, there are also many drawbacks to choosing a pawnshop as your diamond buyer in Denver. 

The biggest drawback is price. Pawnshops do not resell things at market value. Rather, they sell them at a discount. Thus, they are simply not going to be able to offer you fair market value for your fine jewelry. Doing so would mean they won’t make a profit. 

Additionally, pawnshops typically do not have jewelry experts on staff. Thus, they may underestimate the value of your diamond jewelry, a big problem when it comes to selling your diamonds in Denver. Finally, they may pressure you to sell, although this will vary from shop to shop. 

Selling to Someone Else

The third and final option for jewelry buyers in Denver is simply selling to another person. This would be a third-party sale where you exchange your jewelry with someone else who wants to buy it and wear it. 

The biggest benefit here is convenience. There are many places that you can list your diamond jewelry like Facebook Marketplace, eBay, and other online sites. You’re also likely to find people interested in buying your diamond jewelry, particularly if you are selling diamonds. 

However, there are a few drawbacks to this approach as well. Again, you are exchanging price for convenience. While you may make a quick sell, you are also going to typically receive less than fair market value. If someone was going to buy fine jewelry at fair market value, they would buy it from a jeweler to get the associate perks like cleanings and limited warranties. 

Additionally, there is an element of risk when it comes to selling to strangers. While rare, it is not unheard of people to use person-to-person sales for robbery. Another potentially frustrating aspect of choosing a random person as a jewelry buyer in Denver is haggling as most person-to-person sales involved negotiating price. This not only lowers your price but also can be stressful for some people. 

What Is the Best Diamond Buyer in Denver? 

The best case when it comes to selling diamonds in Denver is to look for a professional diamond buyer. While it may take a bit more research and require a short drive, you will get the best value for your fine jewelry. A professional jewelry buyer in Denver will conduct an expert evaluation of your jewelry and offer you the current fair rates based on factors like quality and weight. 

Additionally, making this choice for a diamond buyer in Denver means that you can avoid some of the frustrating drawbacks of your other options. You won’t have to worry about your safety. There is also no need to negotiate or feel pressured to sell. You can trust that you will be treated professionally and that your jewelry won’t be undervalued. 

Great! How Do I Sell my Fine Jewelry? 

While there are certain different options for professional jewelry buyers in Denver, we hope that you will consider choosing us to sell your diamonds and fine jewelry. We have an extensive history in the business and strive to treat every customer with professionalism and good customer service. 

We are happy to purchase fine jewelry including rings, bracelets, and necklaces. In fact, we buy anything made of gold or platinum. We will happily assess your jewelry and offer you a transparent fair price before you have to make any commitment. Simply stop by and visit us at your convenience or contact us if you have any questions.