In this article, you will learn:
Although jewelry commissions and buyouts may seem similar, they differ in the selling process and the benefits they offer clients.
What Types of Jewelry Can Be Sold and Bought?
In our jewelry commission, you can sell and buy fine jewelry with precious stones, such as rings, necklaces, bracelets, earrings, brooches, and luxury watches. We welcome various offers – jewelry from renowned brands and unique, handcrafted pieces.
We prioritize your satisfaction, so we transparently present the selling possibilities for your items through our commission.
Jewelry Buyout
A jewelry buyout is ideal for those who need immediate cash and are willing to sell their jewelry without waiting for a buyer.
Key Features of a Buyout:
- Quick sale – A buyout is an excellent choice if you want to sell your jewelry immediately without going through a lengthy process of finding a buyer. It usually includes buying gold, silver, and jewelry valued primarily based on the weight and purity of the metal.
- Immediate payout – The transaction is completed quickly, often on the same day.
- Price determined by an appraiser – The price is typically based on the market value of the precious metals (gold, silver, platinum) and gemstones.
- Potentially lower selling price – Due to the instant nature of the transaction, the price may be slightly lower than in a commission sale.
Jewelry Commission
In a jewelry commission, the jewelry is listed for sale, and you receive payment only after a buyer is found. This process may take longer than a buyout, but the advantage is the potential for a higher selling price.
Key Features of a Commission:
- Higher selling price – Jewelry is sold based on its retail market value, allowing you to obtain a better price than in a buyout.
- Longer waiting period – Depending on customer interest, the transaction may take several weeks or even months.
- Commission fee – The commission charges a predetermined percentage of the transaction amount to facilitate the sale.
A commission is an excellent option for those who have time and want to sell their jewelry for the highest possible price, especially if it is a unique or luxury piece.
Can You Get a Higher Price in a Commission Than at a Pawnshop?
Yes, in a commission, you generally receive a higher price than at a pawnshop. This is because jewelry is listed for sale at a price you set, considering its market value and condition. In contrast, a pawnshop usually offers a lower price since it assumes the need to resell the jewelry quickly, which reduces its value.
What Are the Payment Conditions for Jewelry Sold Through a Commission?
Once your jewelry is sold through the commission, you will receive your payment within the agreed timeframe. Depending on the contract, the payment is typically made within seven business days after completing the transaction. The money can be transferred to a bank account or collected in person. The commission percentage is determined individually and is deducted as a fee from the final selling price.
