What decides the price
For gold, silver, and platinum: weight and purity (karat or fineness), since that sets the scrap value floor. For diamonds and gemstones: the stone's grading (cut, color, clarity, carat), ideally backed by a certificate from a recognized lab. For designer pieces: the brand, the specific collection, and proof of authenticity.
Where to sell
Jewelers and pawn shops offer speed; consignment and specialist resale platforms can pay more for designer or certified pieces. Get more than one offer, and know the metal weight and any grading before you ask.
Frequently asked questions
Why is resale value so much lower than the price I paid?
Retail prices include design, labor, and markup. A buyer pays mostly for the materials, unless the piece has a sought-after designer name.
Does a diamond certificate matter?
Yes. A grading report from a recognized lab tells a buyer what they're getting, and certified stones sell more easily.