RESELLING RARE GEM STONES

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Chris
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RESELLING RARE GEM STONES

Post by Chris » 9 months ago

Per our Community Guidlines: Please do not post in all caps. Post has been edited to remove all caps, spelling and grammar left as is.

I purchase a 3 CTW Tanzanite and Diamond ring that starting price was 12000.00. I went to seven jewelers and not 1 showed any interest in purchasing this rare Tanzanite ring. They all said the buy their own and do not buy gem stone jewlery. I also bought Russian Diopside pieces which again they had no interest in. The way these are portrayed is completely false. Jewelers have no interest in purchasing these stones so where do you sell this jewlery? Now Ive spent money on pieces that are not at all in demand. Please provide any suggestions and ways when reselling !!!!!!!!!!

Thanks
Chris
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Lulu
Posts: 296
Joined: 10 months ago

Re: RESELLING RARE GEM STONES

Post by Lulu » 9 months ago

Ebay, Etsy etc. Leo Hamel in California buys estate pieces.

Let this be a lesson - never buy jewelry as an investment. Only buy it if you love/like it and will wear it. Hosts who say they will buy and squirrel it away (Cheryl and grandidierite) have connections in the biz.
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LisaC2019
Posts: 610
Joined: 1 year ago

Re: RESELLING RARE GEM STONES

Post by LisaC2019 » 9 months ago

Chris wrote: ↑
9 months ago
Per our Community Guidelines: Please do not post in all caps. Post has been edited to remove all caps, spelling and grammar left as is.

I purchase a 3 CTW Tanzanite and Diamond ring that starting price was 12000.00. I went to seven jewelers and not 1 showed any interest in purchasing this rare Tanzanite ring. They all said the buy their own and do not buy gem stone jewelry. I also bought Russian Diopside pieces which again they had no interest in. The way these are portrayed is completely false. Jewelers have no interest in purchasing these stones so where do you sell this jewelry? Now I've spent money on pieces that are not at all in demand. Please provide any suggestions and ways when reselling !!!!!!!!!!

Thanks
Chris
I was tempted to purchase several Sleeping Beauty pieces that had a high dollar value and realized that those items are only valuable/collectible if someone else wants them. I don't fall for the buy at this low price and you can take it and resale it later for a higher amount. This may be true in some cases if the person just wants to collect and is willing to buy. You may be able to resell on Ebay or another site and make a profit. I wish you the best as you find a place to resell.

Sometimes I also ask myself why would a jeweler want to buy a ring from me and take the chance of reselling for a higher amount when that same item can be purchased on the web for a lower price. I do realize that pieces that are over 15 to 20 years may have a great deal of value but it seems as if those collectors are now attempting to off load them to unsuspecting buyers now. JMO
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Hollie
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Re: RESELLING RARE GEM STONES

Post by Hollie » 9 months ago

Lulu wrote: ↑
9 months ago
Ebay, Etsy etc. Leo Hamel in California buys estate pieces.

Let this be a lesson - never buy jewelry as an investment. Only buy it if you love/like it and will wear it. Hosts who say they will buy and squirrel it away (Cheryl and grandidierite) have connections in the biz.
Does your town have craft fairs or gatherings where people have stalls? You can sell there.
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Blossom
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Re: RESELLING RARE GEM STONES

Post by Blossom » 9 months ago

I went to two different pawn shops...they don't buy gemstones, wouldn't buy diamond rings & offered me 60 cents for a sterling silver ring! πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚
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honey
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Re: RESELLING RARE GEM STONES

Post by honey » 9 months ago

Blossom wrote: ↑
9 months ago
I went to two different pawn shops...they don't buy gemstones, wouldn't buy diamond rings & offered me 60 cents for a sterling silver ring! πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚
hi ya, just if it was a slc sterling silver ring that you were offered
.60 for........somebody's making a killing!!! :lol: :lol: :lol: :lol: :lol:
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Lulu
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Re: RESELLING RARE GEM STONES

Post by Lulu » 9 months ago

Sterling silver closed on the commodities market last Friday at $16.78/troy ounce. That comes to around 54 cents/gram. Of course, a pawn broker isn't going to offer much because it isn't worth much.
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Gypsy
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Re: RESELLING RARE GEM STONES

Post by Gypsy » 9 months ago

I know there is a bit of difference between coin silver and jewelry silver (copper content) but my question is......why is it allowed for the hosts to say that the price of sterling silver is $10 to $15 per gram, I've even heard $20 per gram. Are they in a special silver club ? There must be a reason because $00.56 is alot different than even $10 per gram. What are we missing ?????
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Blossom
Posts: 2021
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Re: RESELLING RARE GEM STONES

Post by Blossom » 9 months ago

honey wrote: ↑
9 months ago
Blossom wrote: ↑
9 months ago
I went to two different pawn shops...they don't buy gemstones, wouldn't buy diamond rings & offered me 60 cents for a sterling silver ring! πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚
hi ya, just if it was a slc sterling silver ring that you were offered
.60 for........somebody's making a killing!!! :lol: :lol: :lol: :lol: :lol:
And it wasn't me!!πŸ˜‚
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Blossom
Posts: 2021
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Re: RESELLING RARE GEM STONES

Post by Blossom » 9 months ago

Gypsy wrote: ↑
9 months ago
I know there is a bit of difference between coin silver and jewelry silver (copper content) but my question is......why is it allowed for the hosts to say that the price of sterling silver is $10 to $15 per gram, I've even heard $20 per gram. Are they in a special silver club ? There must be a reason because $00.56 is alot different than even $10 per gram. What are we missing ?????
Girlfriend that was exactly what had me fooled too! I finally decided (all by myself cuz I'm so smart...not!)..maybe they 'meant' ex: you buy a sterling silver ring $20. which weighs 2grams...you're paying $10 gram...not that it's worth $10 per gram.

Anyway right or wrong that's how I rationalized the misleading things hosts sometimes say. I take everything they say now with 'the proverbial grain of salt'. Shame on them!
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