We Buy Silver

Get the Best Price For Your Jewelry
Call 805-347-1300
Toll Free 1-877-264-7104
626 South Broadway
Santa Maria, CA 93454
Sales@AndoyanJewelers.com

Getting the Best Price For Your Jewelry
(When You Need to Sell)


Selling Jewelry can be an emotional experience. Perhaps you never expected to sell your Jewelry, but now you are looking for a buyer. And if you've received price quotes already, most likely they are far below the retail price you paid.

We at Andoyan's Jewelry cannot solve the emotional part (except to lend a sympathetic ear). But we can give you straight talk about selling your Jewelry, so you can confidently make an informed decision. That's what this five-minute guide is all about.

Let's Start With the Bottom Line

If you bought your Jewelry from a retail jeweler, take a deep breath and prepare yourself. Most Jewelry -buyers are going to offer you a lot less than you paid, and definitely much less than the Jewelry’s appraised value.

For instance, if you paid $10,000 at a retail jeweler, you're going to get about $3,000 to $4,000 when you sell your Jewelry. From us or any other professional buyer in the industry.

The offers you receive might surprise you. But as promised, we are going to give you the straight talk about the Jewelry -buying business. Let's find out where these prices come from.

 

Where Retail Prices Come From

When you buy Jewelry from a retail jeweler, you're buying a Jewelry that has passed through many hands: Manufacture, Importer, Wholesalers, distributors, brokers, and finally the retailer. During this journey, the Jewelry 's price increases at each level as the middlemen add their normal profit markup.

Yes, that $10,000 Jewelry in your local shopping mall was originally made and sold to a Importer for much less, who sold to a Wholesalers who made his 10% commission, who sold to a distributors who added her 10% profit, who sold to a retailer for the going wholesale price. Retailers have to cover their expenses (paying employees, rent, etc.), so in the end you pay $10,000 when you buy the Jewelry. That's how the pricing game works.

Now let's see what happens when you sell a Jewelry.
Suppose you sell your Jewelry to a typical professional buyer. What happens to it next? The buyer then turns around and sells the Jewelry to a broker. Brokers pay far less than retail price (as we saw on the previous page). So a professional buyer keeps this in mind when offering to buy your Jewelry.

Let's go back to our $10,000 Jewelry example. Let's imagine that you found a buyer, Acme jewelry House, to buy your jewelry for $5,000. Now Acme tries to sell the jewelry to a broker for $5,500, a meager 10% profit. Well, the broker will laugh in Acme’s face, because brokers pay less than $5,000 for this sort of Jewelry. Acme eventually goes out of business.

More realistically, a buyer like Acme would pay you about $4,000 for the Jewelry, so he can sell it to the broker for $4,400. In order to stay in business, a professional buyer has to offer you about 10% less than the broker's price.

But... not all jewelry-buyers are the same!

Why sell your jewelry to Andoyan's Jewelry?

Andoyan's Jewelry has been Santa Maria’s most trusted Jewelry buyer for over 20 years. We have purchased hundred of Thousands of dollars in jewelry from the public worldwide, so you know we're doing something right! And that "something" is offering the best prices and professional information. We are a family-owned business for 20 years.
We offer the best price because we buy jewelry every day in different qualities. Most jewelry buyers will be looking only for certain jewelry, because that's what their clients want. If you're selling jewelry that they want, you're in luck, but if yours is a different, you'll get a lower price... at least 10% lower.

Andoyan's Jewelry, however, buys all Type of jewelry all the time. We spend thousand of dollars a year to advertise that we "Buy from the Public," and we mean it. We must buy jewelry every day to fill orders from our worldwide network of over 4000 dealers.

It's Up to You

We hope that our explanation of jewelry-pricing has been helpful to you. Selling jewelry can be a big decision, and you want to get the best price you can.

Get a free price quote for your jewelry before you sell!
E-mail us @ SellGold@Andoyans.com

If you have any further questions,
please call us @ 805 361-0543

 

 

 

 

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