Coming across unwanted jewellery in my jewellery box I wonder what I should do with it. It seems a shame for it to just sit there and who knows maybe I could make some money from it? But how is the best way to go about selling these item to maximise profit?
There are many companies that offer ‘cash for gold’ who will weigh out any gold items and offer you a price based on the carat and the weight of the gold that you want to sell. These companies usually each offer a very similar rate for gold items but it’s always worth shopping around for the best price. This option is ideal if the jewellery that you’re trying to sell is broken or out of fashion as the gold is usually melted down after sale to make other items.
However some items, particularly those with diamonds or precious stones can make you more money selling them privately either on online auction sites or to a pawn broker.
Either way always shop around to ensure you get the best value for your items.