Got a box of old necklaces, rings or bangles you don’t wear? You can turn them into cash, but only if you know the right steps. Below are the most useful tips that will help you fetch the best price, whether you sell online, to a jeweller or at a market stall.
The first thing to do is identify the metal and its purity. Look for stamps like 875, 916, 999 or 833 – they tell you the gold or silver content. In India, the BIS hallmark also shows the maker’s logo and the purity number. If the stamp is missing, a quick magnet test can tell you if the piece is base metal (it will stick) or not. For diamonds and colored stones, check for laser inscriptions or certificates; without them, you’ll need a professional appraisal.
Once you know the purity, calculate the raw metal value. Multiply the weight (in grams) by today’s market rate for 21K gold, 22K gold, or 92.5% silver. This gives you a floor price – the amount you should not go below when negotiating.
A clean piece looks more valuable. Use a soft cloth and mild soap to remove dust and oil. Avoid harsh chemicals that can damage plating. After cleaning, take clear photos in natural light. Capture the front, back, and any close‑up of hallmarks or unique details. Good images make buyers trust you and can raise the final offer by 10‑15%.
When you write the description, be honest and detailed. Mention the metal type, purity, weight, any known brand, and any defects like scratches or missing stones. If you have a BIS hallmark or a reputable brand logo, point it out. Transparency builds trust and speeds up the sale.
Choose the right platform. Online marketplaces like OLX, Quikr or dedicated jewellery resale sites let you reach many buyers, but they charge a commission. Local jewellers may give a quicker deal but often offer less than the market price. If you have a high‑value piece, consider a certified auction house – they attract serious collectors.
Start with a price a little higher than your floor price. This gives you room to lower the quote without dipping below what you’re willing to accept. If a buyer asks for a discount, remind them of the hallmarks, recent metal rates and the clean condition of the item. Provide a quick comparison of recent sales for similar pieces; that data can justify your asking price.
Don’t rush. If a buyer seems hesitant, politely ask if they need more photos or a certificate. Sometimes a short waiting period can bring a better offer. And always get the payment in a secure way – bank transfer or cash after confirming the buyer’s credentials.By following these steps – verify hallmarks, calculate metal value, clean and photograph, write a clear description, pick the right platform and negotiate wisely – you’ll turn old jewellery into real cash without losing money.
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