Jewelry stores generate approximately $32 billion in sales each year, so when many people find themselves needing extra cash, they pull out their jewelry boxes and head to the nearest pawn shop. If you find yourself in this scenario, the pawnbrokers at Waipahu-Hawaii Pawn on Oahu encourage you to first estimate the value of your jewelry to help prepare you for negotiations and set realistic expectations.

Guide to Estimating the Value of Your Jewelry

What Factors Matter Most?

The type of jewelry you own and its history can go a long way in helping you determine its value. Estate jewelry refers to any piece that has been pre-owned and isn’t as valuable as new, so any jewelry you try to sell won’t command as high of a price as a new piece. That said, factors such as style, age, and condition will also determine your jewelry’s worth.

How to Start Your Estimate

Inspect your jewelry closely. If it’s damaged or broken, it will fetch a lesser amount than if you have it repaired by a professional. Also, consider having it cleaned before you try to sell it; cleaning it the wrong way yourself can cause damage that devalues the piece. If your jewelry is antique, that alone can raise the value, especially if you have proof of its age and origin. Original purchase papers can also provide important information, such as the designer or manufacturer, type of metal or gem, and weight. Markings on the piece itself can sometimes reveal this information, too. For example, markings are often located on the inside of a ring or clasp of a necklace.

Where to Get Help

Once you’ve noted all you can about your jewelry — especially if you suspect you have a valuable trinket on your hands — it’s wise to have it appraised by a professional jeweler for confirmation. It’s not uncommon to mistake a piece of costume jewelry for a more valuable piece. An appraiser will inspect the metal, any gems, and its weight for a more accurate written estimate.

These essential steps will prepare you for your next visit to a pawn shop to ensure you know your items’ worth. Those who live in Waipahu can depend on a fair offer on jewelry from the experts at Waipahu-Hawaii Pawn. With over 20 years’ experience as pawnbrokers, their staff specializes in buying and selling gold and fine jewelry. Call (808) 671-6555 or visit their website to learn more about getting cash for jewelry.