March 03, 2020 - Jewelry & Luxury Items
If you’re looking for quick ways to get cash, pawning off diamonds and other precious gemstones is a great way to put money in your pocket.
In this post, we’re going to go over exactly how to sell gemstones and which gemstones are going to get you the big bucks.
Not all gemstones are created equal in terms of cash value. Semi-precious stones, extremely small stones, and stones of questionable validity aren’t going to fetch that much at a pawn shop.
For more reliable money, you’re better off selling more rare and special gemstones. The following stones are going to be the ones that get you the most money.
As we already mentioned, even the smallest diamonds can be worth thousands of dollars. It’s also quite likely that you have diamond jewelry: it’s the most common stone to make jewelry out of in the world.
These bright red stones are often found in jewelry because of their representation of passion and love. Rubies are quite valuable on a similar range with diamonds: per 0.5-carat ruby, you could be looking at a range of $1000 to $3000 dollars.
High-quality and unmarked pearls are going to be great pawn items because of their rarity. Real pearls are often linked to vintage style (another plus for pawning), but they are also quite easily scratched and tarnished.
If you can provide pearls without scuffs, marks, or blemishes, you’ll be able to take a great cut from a pawn shop.
No matter what gems you’re pawning, you should follow these guidelines in order to get the most money from them.
Do you have certificates or receipts? As pop culture now instructs us, it is always best to bring the receipts. These documents will inform your negotiation and could help pawnbrokers understand the value of your item.
Since gemstones are so valuable, you’re likely going to be asked a lot of questions when you go to sell. This is the seller’s way of protecting themselves: they don’t want to shell out thousands of dollars only to end up with fake gemstones.
So, be prepared to answer: where did you get these gems? Can you verify their authenticity (say, with receipts)? Have they been treated?
Synthetic or fake gemstones aren’t going to get you anything at a pawn shop. If you have any doubt, be upfront. A pawn shop owner will be honest about what they’re dealing with, and they want the same from you. If you promise they’re real but get caught, it will sour your relationship with the broker, who will be rightfully upset.
Ready to Sell Gemstones?
Hopefully, these tips will help you sell gemstones for the highest price possible. IF you’re specifically looking to sell loose diamonds, read this article for more in-depth advice.