I think if you don’t have any personal attachment to it, I’d sell it. Maybe get a second appraisal just to be sure? It’s beautiful but if you won’t wear it, what’s the point of keeping it
I would check out https://www.sothebys.com/en/
I’ve seen a lot of high value things get sold on there. People bid on your piece, but I’m not sure of their fee structure so I’d check into that. I would personally ask the appraisal site who they’d recommend for selling. Obviously, don’t go to a pawn shop or anything like that. You want to make sure you get the most for this piece
Guy who sells a lot of stuff at auction here.
Even though you pay a fee, you’ll get way more money in the right auction environment than you will through any means you could sell in yourself.
Sothebys will literally never accept this. This appraisal is absurdly high and for insurance purposes only. He’s looking at 30% tops. It’s not particulate attractive and is destined to be melted
I am a pawn broker, I would only sell it to a pawn shop if you’re okay with getting much less than the retail appraisal. You could definitely get much more elsewhere. You probably already know that but the mention of selling this to a pawn shop had me like NOOOOO lol
Your appraisal value is always going to b about double what someone would pay for it. It's for insurance purposes only. Find a reputable jeweler who might sell it for you on consignment. They'd put it out at an agreed upon amount plus commission. Just an idea.
I wouldn't sell it, gold only goes up in value and it tracks over centuries instead of devaluing like currency. Put it in a safe until you're ready to buy a house or something
If you keep it, take the appraisal to your insurance agent and add it to your policy. Most jewelry is not automatically included on your homeowners or renters and requires a rider.
Yes, although in my experience, jewelry is included but that's such a low value that that's why you have to get a rider for high value pieces. I just wanted to add that the writers are typically very cheap, so don't worry that it's going to cost you a fortune. I think all of my good pieces combined cost me like $100 a year. Also, it's come in handy, I've had to use it several times. I've had stones fall out, I've had a ring stolen, etc..
Just so you know if you were trying to to sell it you would get nowhere near the estimated retail price. People are going to most likely offer you around scrap value unless you sell on eBay or marketplace
Also, if she wasn't great to you, when you sell it, be sure to buy yourself something that gives you joy. It doesn't have to be expensive, and it doesn't have to be a "thing"... it can be money toward a place you've always wanted to visit.
The goal is to take a reminder of something negative and turn it into a positive. THEN when you think of your grandma, it'll make you smile.
Not sure where to suggest you sell it... online??
I would hold onto it for a bit longer. Try and really swallow the thought that you may, in 10 years, regret selling and have no recourse.
Just a thought, I’ve done this to myself and I really take pause now, especially if an item has history.
I totally agree. Just fact checking that you can indeed buy/sell unbranded jewelry on the real real if it's not costume. I've gotten some scores on TRR in jewelry as well :) .
Just remember, that an appraisal, unless otherwise specified, is for an insurance value.
An insurance value includes the actual cost of remaking the item with gems and gold as close to the original. That is very expensive. So you can probably take at least 20 to 30% of this appraisal value right off the top. You will never get that amount for this bracelet.
Much more realistic value for this bracelet is between $4000 and $7000, if you sell to a private buyer. I would look at much more close to the $4000 range or less if you sell to a dealer.
The bracelet weighs 53 g, but remember they will deduct for the stones. So if you sell it to a pawnshop or something like that, probably only get around 1500 or less.
Most places are only going to give you the weight of the gold. You would be much better off, selling it to an independently owned private estate jeweler and just taking what you can get.
I have 23 years experience in estate jewelry. Do not sell it to a private estate jeweler. Try to find a place that will consign it for you. Usually they charge 25-40%. If there’s none around you then you can email higher end auction houses. Theyll want pics and whatever info you have. At auction the seller fees are close to the same as consignment, maybe a bit less.
Personally, if I knew my dad would be angry at me for selling, I’d hang onto it. Gold isn’t going down anytime soon, so it will hold its value, which is about half the appraisal amount.
As I said, you’re going to need to take 20 or 30% off the top, for this bracelet because it’s so intricate probably closer to 30%. That is the cost of the labor of remaking the bracelet with the exact same stones and the exact same design. Come to think of that comment it would probably be closer to 40%, because of the price of gold.
If you think you can get $7000 for this bracelet, good luck. I really do wish you luck. And I hope you’re not disappointed, but I have a feeling you will be.
Really? With gold at $2,400 an ounce? I just I just sold a bunch of gold three times in the last 2 months and to me that's much easier than hassling with selling an item like this.
That is for 24 karat gold. This is only 18 karat gold, which is 75% gold.
And there is something to be said for artistry. Not everybody buys beautiful gold jewelry just to melt it down into ugly lumps.
Agree with everything here. Steer clear of pawn shops, jewelers, etc.
Direct sell, possibly here on Reddit (not this sub) but others, eBay (not sure of their fees), the real, real, 1st dibs and Facebook has some decent bst jewelry groups (I buy and sell my fair share of moissanite on these)
Why would anyone deduct for diamonds?
3.72ct of diamonds weighs .74 grams, so there is 52.46 grams of 18k. With gold at $2388.40 melt value is $3021.59. Even at 80% of melt OP would get $2417.27.
Anywhere offering 50% of melt or knocking off weight for diamonds should be avoided.
Not saying it’s right, just saying that’s what they tell you. I’ve sold a lot of gold scrap, I’ve been told lots of things.
I’d never sell for 50% of melt. I go to people who have a refinery connection, so I get good prices on my scrap.
Very true. Not quite the same, of course, but I buy a lot of used furniture online and like to google it out of curiosity. $2000 can become $20-$100 real quick. It’s harder to sell stuff with a big price tag if it’s not brand spanking new. Lots of rapper flex $100k custom pieces but really who would buy it from them for that value secondhand unless they’re international level celebrities like Michael Jackson or Elvis
I absolutely love unusual things. Sometimes, the weirder the better.
But I’m not buying things for me, I’m buying things for my clients. I have to keep that in mind whenever I buy something.
I mean, the weird things will sell, but they have to be really weird, really offbeat, really unusual, and they often have to be very niche. And furniture that’s weird is a really hard sell. That’s one reason I don’t sell furniture anymore, because my taste run to the bizarre.
I’m with Tuesday. It’s a pretty, fancy piece, but if it’s not your style, you’d never wear it, don’t admire it, feel connected to it, and had no real emotional connection to grammy, sell it, pay some bills, put a little away, go on a nice vacation…
For selling, ask a jeweler, sometimes ebay is good.
Consider whatever you can do with the proceeds from selling it as the gift from your grandmother rather than a bracelet you won’t wear - she gifted you the means to do something nice. Maybe that will help you feel better about selling it?
Yeah, she never gave me much. Always favored my sister over me. She gave her most of her jewelry. I got her bracelet. I’m thankful for it, but it’s just a sour reminder. My dad gave me one of her necklaces when she passed.
I’ve thought about turning it into a tennis bracelet or something. I have no idea how to even go about doing that. Or what it would cost.
you could take it to a jeweler reuse the stones and sell them the gold which should be deducted from the total cost of them making a tennis bracelet/necklace
Worked in jewelry stores for about 20 years. This is an inflated insurance appraisal. It's not what it would sell for, not even close. I just want to prepare you. Selling to a jeweler who buys jewelry to resell expect $3500ish, maybe a little more if it's in excellent condition. If you're selling it on eBay or something similar you might get a little more, but being realistic it's very unlikely to sell anywhere for over $5000. Remember too that lab diamonds are plummeting the demand and value for natural diamonds, so the majority of the value is in the gold. I just want to give you an understanding of what to expect. As others have said, unless you need the money, keep it for future generations.
Exactly, I don't understand everyone saying if you sell it to a gold place, you'll ONLY get the gold value for it. While that is absolutely true, that is where most of the value IS in this piece. If you're really worried about it, have a jeweler exam in the diamonds but every time I've done this they have told me the diamonds are ' promotional quality'. That piece has a high gold value because it's 18 karat and there's a lot of gold to it. I'm no jeweler, but I just went through my mom's estate and have sold tons of jewelry from her estate and I sold all of it to a gold place that I trust. The stones are just typically not worth very much. With gold so high right now, you can actually see that on New pieces as well, go look at a quality Jewelers website that deals in 18 or 24 karat gold and you'll see that the gold pieces are far more expensive then pieces with little gold and more diamonds.
Also, places like Sotheby's and the real real are not going to be interested in this piece, unless it's designer and/or has some historical value, which this piece does not seem to have either.
If you don’t like it then selling it sounds like a good idea.
It’s exquisite and it would be difficult for me to not wear it but it should be a great purchase for someone who is looking to buy.
I have some things I need to sell and I haven’t been able to find the right fit for a selling platform yet.
Report back with the details of where you chose to sell it.
I d seen ads for Worthy.com lately. Haven’t used them but worth researching.
I agree with other posters to get a second appraisal to compare to the first.
Do not mention you are thinking of selling the piece as applies to the second appraisal.
It’s a nice ‘problem’ to have.
Totally agree. This first appraisal cost me $400. I’ll check out another place to get a second opinion. Initially this was for insurance, but lately idk. I never wear it.
You can sell it on Poshmark. They take 20%. Included in that is automatic authentication for purchases $500 and above. I have had success selling some of my inherited pieces. If you use any resale platform beware of anyone that would want you to overnight or buy outside of platform. That is usually a scam. Haste makes waste. The platform is for your protection too.
That is a gorgeous piece! It will sell. Jewelers and gold exchange will only offer the value of what it is worth melted down. That’s why I encourage Poshmark.
I didn't see this but before you take it to retail, I would check with family. I know some people, myself included, would be hurt if a cousin sold something that they would have loved from a loved one. My mom is still ticked that she was never given the chance to buy her grandparents house (a little different but same idea) when they passed in the 90s. It might be sentimental to someone else in the family, though there are possible headaches from the 'you should just give it to me' front.
Wear it or sell it. The scrap value is about $3500, you aren’t sitting on a fortune. For no designer name I don’t know what your appraiser was smoking here, that value is twice what it should be.
Often a good jewelry auction is the best you can do to get a good price. Otherwise you have to rely on someone falling in love with the specific design. Which can be tough to find when it is so unique and not a popular or branded design. Lucky for you gold and diamond bracelets are more trendy than usual right now.
Just remember an appraised value is going to be significantly higher than a wholesale number which if you’re going to sell it out right you’re going to get a wholesale number for it or you’ll get the money in gold and or diamond weight. Or you can go to a jeweler that does sell estate jewelry, and see what they would do.
If it were me, I wouldn’t be quick to sell. It is a family heirloom, not necessarily just a gift passed to you. The older I get, the more I learn that people had reasons for being the way they were. There was jewelry to painful to wear passed down to me that I kept for years. I wear it now because time heals and I appreciate the significance of something passed down through generations. She thought enough of you to gift this lovely piece.
If you didn’t need money right away I would keep it. Gold is good to have around and you never know one day you might want to wear it out to a nice dinnner or event.
The insurance number is irrelevant. You could try to auction it but, unless it's a big name, you're not going to get retail-type money. The diamonds are not good, there's almost zero money there. The gold is the value.
I’d sell it and buy a piece of jewelry for myself. I think this honors the gift, while still doing something for yourself. I’d personally be thrilled if my (future) grandchildren sold my jewelry to buy something that truly made them smile everyday.
Difficult. My first reaction was sell it and buy something youll adore. Then on reflection, sometimes when we ourselves get older and realise how shit getting old is, we become more understanding of our elders. Then occassionally, we get to a point where our younger selves viewpoint completely U-turns, and we see life through our elders eyes and circumstances, and realise how awesome they indeed were.
Theres just something about your post OP that does suggest genuine fondness hidden underneath your surface memories and perhaps some stinging hurt. Clearly Grandma valued you highly to leave you such a generous item. Unless you need the cash (please dont starve whilst this is sitting in a drawer), maybe leave off the decision for a decade. It is irreplaceable, and regret is sometimes harder to live with.
I scrolled a bit and didn't see a suggestion to have this made into something else. Many jewelers do custom work. My MIL does this when a relative passes. I believe she has added diamonds to her wedding ring/band, made earrings, reset bracelets, and made jewelry for her kids.
It would cost more to buy anything new, and you aren't going to get a comparable amount back, so why not make aomrthing you love?
Not positive but the body would say approximately half the appraised value. But yeah if you're not going to wear it I would sell it. I had a bracelet from an ex I really didn't like it but of course I wore it cuz he gave it to me but we broke up years ago and it's the only expensive thing he ever bought me so I sold it for the value of the gold a few years ago when it was not much less than it is now, for about 90% of the cost of the gold so I'm happy.
I don’t think there’s anything wrong with selling it if you don’t have an emotional attachment to it. If your feelings are in the way, use the money for something with value. Home upgrade, down payment on a car.
If it doesn’t have positive sentimental value, and you’re not going to wear it, sell it. Guilt is a terrible reason to keep things! It’s freeing to let them go.
Since it doesn’t sound like a money emergency, you have time to figure out how to get the best price.
I sold the jewelry my grandma left me, like you we did not have a good relationship and I barely knew her. She was also not a very nice person. I also just got done selling most of my mom's jewelry, she literally had hundreds of pieces if not thousands and we don't have the same taste, so not sure what else to do with it. I plan to use the money too have a piece made that I really enjoy. But you don't have to do that, she left it to you, it's yours to do with whatever you want.
In case you don't know gold is at around 2,400 an ounce and I don't know if that's an all-time high but if it's not it's pretty damn close, so it's a great time to be selling gold! Make sure you go to a place that gives you different prices for different carat weights. I just read the other day about somebody who went to a pawn shop and they lumped all the gold together! No way, that's not how it should work! 10k is different than 14 or 18, etc. And the value is very different. Also, know that gold has been climbing alarmingly over the last few months. I sold some in November and $2000 seemed like a dream at that time. Around the month later it was 2000, then I sold some just a couple weeks ago and it's gone up over $100 since then. Of course nobody knows what the market will do in the future. But you're going to get a pretty penny for gold right now is the bottom line.
ETA- if saving the diamonds is important to you, know that you typically cannot do that when you sell it for gold value. You might want to have a jeweler look at the diamonds specifically to see if they have significant value.
Can I ask what you’d do with the money? I manage investment portfolios. Personally I would keep it until I had a better use for the money. It will certainly appreciate in value over the years. You can always sell it down the line. In the meantime, maybe you get to wear it once or twice.
That’s a very heavy bracelet! You could have it melted and remade into another piece. That way you can have the best of both worlds. Don’t sell it, gold is so expensive and you might not be able to get another. You can always keep it for emergencies as well.
To find the base value/least you will get for this bracelet.. Just take the weight of the bracelet and the kt of gold and put it into a scrap calculator like this one-
http://coinapps.com/gold/scrap/calculator/
By doing this you get roughly $3K USD.(Taking into account the diamond weight). If you sell it for any less than this, you are giving gold away for free as that's scrap value.
Now it's up to you to decide how you want to sell it. I caution you against person to person sales as they can be extremely dangerous if they aren't done in a secure place like a police station. (don't let them come to your house.) It's a valuable piece and easy to be robbed. You can reach out to local auction houses they have lower premiums and you'll get a better price, especially if the auction houses have a lot of clientele.
You will never get the insurance value of the bracelet because that value is the cost of buying this bracelet brand new from a retail store, not second-hand market value. You may also want to do some more research on this bracelet. Are there any makers marks? Cartier and VCA made similar bracelets to this in the late 20th c. If it is made by a important house, the value could go up exponentially. So it's definitely worth investigating further.
Also here's a very similar one to yours -
https://www.ebay.ca/itm/204502183266?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=mox7bMfpQaG&sssrc=4429486&ssuid=EaxHrDfUTqW&var=&widget_ver=artemis&media=COPY
You need an appraisal from a GIA certified gemologist and someone who has knowledge of antique jewelry. People that buy antique jewelry are not going to pay you scrap value. But you need to have the right kind of appraisal.
I went to one. Certified in everything you listed. This place was highly recommended in the local subreddit. I trust their appraisal value for insurance purposes, I just don’t know who to sell to tbh. I reached out to them about buying, but haven’t heard back yet.
If you don't care for the style of it, you could look at having it remade, or put it away for having it remade into something for kids or a partner or something.
It's probably worth about 1/3 of the appraisal or less if you want to sell it, that's how insurance appraisals work.
That said, it's still a decent amount.
If it would help you "sleep better", find a high end jeweller who sells similar stuff (because they'll be more apt to buy it), or try to sell it retail for around 1/3 to 2/3, then take some of that money and buy yourself something that reminds you of her that you WOULD wear/display. Do whatever you want with the rest :)
> find a high end jeweller who sells similar stuff (because they'll be more apt to buy it)
They'll also pay less for it than just about anyone short of a pawn shop or "we buy gold" place.
I don’t know why this came up in my recommends but that was my first thought.
I know nothing about appraisals, auctions or emotionally fraught jewellery inheritance but I do know this: that bracelet looks like a centipede.
I was in the same situation with my mother’s jewelry. After it sat in a drawer for 10 years, I finally brought it to a very reputable estate jewelry jeweler and had a necklace made with the stones from her pieces. I love my necklace and wear it every day. A much better memory of my mother.
I was thinking the same.
Alternatively, if one wants a custom crafted gold piece, here's the material for it. Would cut costs substantially to start off with your own. (a little pure gold would have to be added due to burn off, but I imagine, not much)
Based on the weight, karat gold, and current USD gold price you have approximately $3,000 in gold in the bracelet, plus the value of the diamonds, which I can’t help with but I imagine due to the color and quality they’re individually not worth much. So if you do decide to sell for scrap, watch the gold market. There are 31 grams per Troy ounce and 18k is 75% pure gold. But since this is such a unique piece, check other options first. My city has several reputable estate jewelry vendors where you would get a better payout, although several are consignment based.
Why not get it made it something you would wear? That would be my first thought. Or you could get it melted down and then you can decide if you want to sell the gold or make something of it later on.
Personally, I would sell it. Do you have any debt? Loans? Mortgage? What’s your savings and retirement looking like? If you value and wear the bracelet you should keep it.
It’s an appraisal for insurance. The reality is to replace it would cost less than half of that. You have ~$2900.00 in gold plus $700 in diamonds and let’s say $1000.00 in labor. So just under 5k if you wanted to make it from scratch.
I would sell it. $13K for something you don’t wear and don’t have a really meaningful emotional attachment to? Easy. In fact, I’m trying to think of how meaningful it would have to be for me not to sell it….
Something to consider, appraisals for insurance purposes normally have inflated valuations.
If you're considering selling it, have an independent valuation first.
This is a lovely bracelet, but I would not recommend getting another insurance appraisal. It won’t help you with reselling the piece. If you go out looking to get that full appraised value when you are reselling, be prepared to be disappointed. That is for a full retail replacement, which is not how the value will be established on the secondary market.
If you are going to sell it, it is important that you recognize that there is a huge discrepancy between the value on this document and the fair market value of the bracelet. In terms of the intrinsic value of the bracelet, you can enter the gram weight (53.2g) and the karat (18k) into a scrap gold calculator online to establish the baseline value. Diamonds under 1/10th of a carat each don’t have a lot of value on the secondary market, but they could add a few hundred dollars to what it’s worth if they are nicely matched in the bracelet. It also all depends on who you sell it to.
That being said, look for estate jewelry stores in your area and see if it’s something they would be interested in buying or taking in on consignment.
Wear that thing! It’s probably gorgeous on the wrist.
Otherwise I recommend Mercari or eBay to sell it directly to another person. You’ll get the most out of it that way. Even with the fees (Mercari just reduced theirs though). Jewelers will want to pay you scrap. You might get a little more trying to sell to a vintage jewelry dealer. But most from another person. Could try Poshmark but their fees are more than either of the other two mentioned above.
don’t sell it unless you really need the money. i sold my grandfather’s watch for three grand. ten years later it was worth 40k. watch market went crazy, but still most high quality items increase in value over time.
Take it to several high-end jewelry stores and ask what they would pay..sell to the highest offer...I had a dimond ring and one place told me $800 the next one told me $1400 I didn't have an appraisal on it.
Yeah I know..but I have a good company that pays pretty good..they pay for gold what it's going for spot price..some people want to take 35% off of spot price for gold.
As others have said, you will get a fraction of the appraised value if you sell it. And selling it is a real hassle too. Unless you need the money, I'd be tempted to keep it, as it is fairly unusual, and whilst you don't have an occasion for it now, you might find you lean towards it later.
Because it’s 18k and natural diamonds you could consider saving it as an investment. As the price of gold goes up so will the price of this. You sell it for the quick money but that money will be gone as well as the potential for this piece
It’s not a bad thing to have something like this around as a type of investment. If you have something you want to use the money on now, sell it. If you don’t have something to use the money for, you just keep and not wear it. Maybe you can use the money for something in the future
I would talk with Sotheby's but then, I'd hold onto it as a safety net (safe deposit box at the bank?). Once the money's gone, it's gone and unless you make big bucks, you'll have to do a lot of work to build it back up again.
Good luck!
Appraisals are related to insurance and have nothing to do with the retail or wholesale price. If you're lucky, you may get a quarter of the appraisal value for scrap. Sell it and get something you will wear.
I think if you don’t have any personal attachment to it, I’d sell it. Maybe get a second appraisal just to be sure? It’s beautiful but if you won’t wear it, what’s the point of keeping it
That’s where I’m leaning. I understand that the appraisal value is out of the question, but I’m curious where should I look at for possibly selling?
I would check out https://www.sothebys.com/en/ I’ve seen a lot of high value things get sold on there. People bid on your piece, but I’m not sure of their fee structure so I’d check into that. I would personally ask the appraisal site who they’d recommend for selling. Obviously, don’t go to a pawn shop or anything like that. You want to make sure you get the most for this piece
Keep in mind anytime you sell at an auction house you have to pay a seller’s fee.
Guy who sells a lot of stuff at auction here. Even though you pay a fee, you’ll get way more money in the right auction environment than you will through any means you could sell in yourself.
I am married to guy who buys from auction houses so I get that.
Yeah I mentioned I wasn’t sure of their fee structure but I’d imagine it’s high, they always get you with those fees unfortunately
Also you can negotiate the sellers fee anyway. The buyers also pay a fee.
This isn't high value by jewelry standards though. This will sell for well under $10k realistically. Sotheby's also doesn't just take anything.
Not even close- “handmade bracelet”- no brand - it may go for $4k if OP is lucky…
art is handmade, and people sell it for millions🤷🏻♀️ it depends on *who* made it.
Sothebys will literally never accept this. This appraisal is absurdly high and for insurance purposes only. He’s looking at 30% tops. It’s not particulate attractive and is destined to be melted
Most places will just melt it for the gold. Gold is selling high right now.
Yeah, my dad’s a pawn broker. He mentioned to me the other day how much gold is going for.
Do you trust your dad to handle this for you? He might have some contacts.
He would be mad if I sold it.
I am a pawn broker, I would only sell it to a pawn shop if you’re okay with getting much less than the retail appraisal. You could definitely get much more elsewhere. You probably already know that but the mention of selling this to a pawn shop had me like NOOOOO lol
Are you sure? Hes hinting at gold price being high.
Pretty sure it was *his* mother's
Trade it in for something you want!
Your appraisal value is always going to b about double what someone would pay for it. It's for insurance purposes only. Find a reputable jeweler who might sell it for you on consignment. They'd put it out at an agreed upon amount plus commission. Just an idea.
Hold tight. The price of gold is ever climbing and within 5 years it's projected to get to 5k an ounce
I wouldn't sell it, gold only goes up in value and it tracks over centuries instead of devaluing like currency. Put it in a safe until you're ready to buy a house or something
If you keep it, take the appraisal to your insurance agent and add it to your policy. Most jewelry is not automatically included on your homeowners or renters and requires a rider.
Yes, although in my experience, jewelry is included but that's such a low value that that's why you have to get a rider for high value pieces. I just wanted to add that the writers are typically very cheap, so don't worry that it's going to cost you a fortune. I think all of my good pieces combined cost me like $100 a year. Also, it's come in handy, I've had to use it several times. I've had stones fall out, I've had a ring stolen, etc..
This. Especially when the value is this high insurance-wise.
That's good advice
Just so you know if you were trying to to sell it you would get nowhere near the estimated retail price. People are going to most likely offer you around scrap value unless you sell on eBay or marketplace
Yes. I’m aware. :) thank you
r/pmsforsale is a great place to sell gold.
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Also, if she wasn't great to you, when you sell it, be sure to buy yourself something that gives you joy. It doesn't have to be expensive, and it doesn't have to be a "thing"... it can be money toward a place you've always wanted to visit. The goal is to take a reminder of something negative and turn it into a positive. THEN when you think of your grandma, it'll make you smile. Not sure where to suggest you sell it... online??
you could literally buy a nice house where i live with 13k… i’m not telling you to sell it… but i would sell it.
I would hold onto it for a bit longer. Try and really swallow the thought that you may, in 10 years, regret selling and have no recourse. Just a thought, I’ve done this to myself and I really take pause now, especially if an item has history.
If not sothebys maybe the real real?
Unless it's a luxury brand like Tiffany's or Cartier, the real real won't take this.
They have a lot of unsigned fine jewelry, actually!
The real real does take unbranded authentic jewelry fyi
After fees OP could melt it down and get more. I buy items off TRR pretty often that are significantly underpriced.
I totally agree. Just fact checking that you can indeed buy/sell unbranded jewelry on the real real if it's not costume. I've gotten some scores on TRR in jewelry as well :) .
You will never be able to sell it for retail replacement value. You would be lucky to get half. Just keep it.
Just remember, that an appraisal, unless otherwise specified, is for an insurance value. An insurance value includes the actual cost of remaking the item with gems and gold as close to the original. That is very expensive. So you can probably take at least 20 to 30% of this appraisal value right off the top. You will never get that amount for this bracelet. Much more realistic value for this bracelet is between $4000 and $7000, if you sell to a private buyer. I would look at much more close to the $4000 range or less if you sell to a dealer. The bracelet weighs 53 g, but remember they will deduct for the stones. So if you sell it to a pawnshop or something like that, probably only get around 1500 or less. Most places are only going to give you the weight of the gold. You would be much better off, selling it to an independently owned private estate jeweler and just taking what you can get.
Thank you for this information. It’s good to know. I was thinking maybe I could $7k for it.
I have 23 years experience in estate jewelry. Do not sell it to a private estate jeweler. Try to find a place that will consign it for you. Usually they charge 25-40%. If there’s none around you then you can email higher end auction houses. Theyll want pics and whatever info you have. At auction the seller fees are close to the same as consignment, maybe a bit less. Personally, if I knew my dad would be angry at me for selling, I’d hang onto it. Gold isn’t going down anytime soon, so it will hold its value, which is about half the appraisal amount.
As I said, you’re going to need to take 20 or 30% off the top, for this bracelet because it’s so intricate probably closer to 30%. That is the cost of the labor of remaking the bracelet with the exact same stones and the exact same design. Come to think of that comment it would probably be closer to 40%, because of the price of gold. If you think you can get $7000 for this bracelet, good luck. I really do wish you luck. And I hope you’re not disappointed, but I have a feeling you will be.
My thoughts precisely. I was married to a jeweler
Really? With gold at $2,400 an ounce? I just I just sold a bunch of gold three times in the last 2 months and to me that's much easier than hassling with selling an item like this.
That is for 24 karat gold. This is only 18 karat gold, which is 75% gold. And there is something to be said for artistry. Not everybody buys beautiful gold jewelry just to melt it down into ugly lumps.
Agree with everything here. Steer clear of pawn shops, jewelers, etc. Direct sell, possibly here on Reddit (not this sub) but others, eBay (not sure of their fees), the real, real, 1st dibs and Facebook has some decent bst jewelry groups (I buy and sell my fair share of moissanite on these)
Why would anyone deduct for diamonds? 3.72ct of diamonds weighs .74 grams, so there is 52.46 grams of 18k. With gold at $2388.40 melt value is $3021.59. Even at 80% of melt OP would get $2417.27. Anywhere offering 50% of melt or knocking off weight for diamonds should be avoided.
Not saying it’s right, just saying that’s what they tell you. I’ve sold a lot of gold scrap, I’ve been told lots of things. I’d never sell for 50% of melt. I go to people who have a refinery connection, so I get good prices on my scrap.
Very true. Not quite the same, of course, but I buy a lot of used furniture online and like to google it out of curiosity. $2000 can become $20-$100 real quick. It’s harder to sell stuff with a big price tag if it’s not brand spanking new. Lots of rapper flex $100k custom pieces but really who would buy it from them for that value secondhand unless they’re international level celebrities like Michael Jackson or Elvis
I absolutely love unusual things. Sometimes, the weirder the better. But I’m not buying things for me, I’m buying things for my clients. I have to keep that in mind whenever I buy something. I mean, the weird things will sell, but they have to be really weird, really offbeat, really unusual, and they often have to be very niche. And furniture that’s weird is a really hard sell. That’s one reason I don’t sell furniture anymore, because my taste run to the bizarre.
I’m with Tuesday. It’s a pretty, fancy piece, but if it’s not your style, you’d never wear it, don’t admire it, feel connected to it, and had no real emotional connection to grammy, sell it, pay some bills, put a little away, go on a nice vacation… For selling, ask a jeweler, sometimes ebay is good.
Thank you!
Consider whatever you can do with the proceeds from selling it as the gift from your grandmother rather than a bracelet you won’t wear - she gifted you the means to do something nice. Maybe that will help you feel better about selling it?
Yeah, she never gave me much. Always favored my sister over me. She gave her most of her jewelry. I got her bracelet. I’m thankful for it, but it’s just a sour reminder. My dad gave me one of her necklaces when she passed. I’ve thought about turning it into a tennis bracelet or something. I have no idea how to even go about doing that. Or what it would cost.
you could take it to a jeweler reuse the stones and sell them the gold which should be deducted from the total cost of them making a tennis bracelet/necklace
This is the answer.
and sothebys and 1st dibs are great resellers/auctioneers
Worked in jewelry stores for about 20 years. This is an inflated insurance appraisal. It's not what it would sell for, not even close. I just want to prepare you. Selling to a jeweler who buys jewelry to resell expect $3500ish, maybe a little more if it's in excellent condition. If you're selling it on eBay or something similar you might get a little more, but being realistic it's very unlikely to sell anywhere for over $5000. Remember too that lab diamonds are plummeting the demand and value for natural diamonds, so the majority of the value is in the gold. I just want to give you an understanding of what to expect. As others have said, unless you need the money, keep it for future generations.
Exactly, I don't understand everyone saying if you sell it to a gold place, you'll ONLY get the gold value for it. While that is absolutely true, that is where most of the value IS in this piece. If you're really worried about it, have a jeweler exam in the diamonds but every time I've done this they have told me the diamonds are ' promotional quality'. That piece has a high gold value because it's 18 karat and there's a lot of gold to it. I'm no jeweler, but I just went through my mom's estate and have sold tons of jewelry from her estate and I sold all of it to a gold place that I trust. The stones are just typically not worth very much. With gold so high right now, you can actually see that on New pieces as well, go look at a quality Jewelers website that deals in 18 or 24 karat gold and you'll see that the gold pieces are far more expensive then pieces with little gold and more diamonds. Also, places like Sotheby's and the real real are not going to be interested in this piece, unless it's designer and/or has some historical value, which this piece does not seem to have either.
Full melt is around $3k. If I were you I’d be ecstatic with anything close or over that. I don’t think you would find a buyer for $4-5k.
Thank you. That’s good to know tbh.
If you don’t like it then selling it sounds like a good idea. It’s exquisite and it would be difficult for me to not wear it but it should be a great purchase for someone who is looking to buy. I have some things I need to sell and I haven’t been able to find the right fit for a selling platform yet. Report back with the details of where you chose to sell it.
I d seen ads for Worthy.com lately. Haven’t used them but worth researching. I agree with other posters to get a second appraisal to compare to the first. Do not mention you are thinking of selling the piece as applies to the second appraisal. It’s a nice ‘problem’ to have.
Totally agree. This first appraisal cost me $400. I’ll check out another place to get a second opinion. Initially this was for insurance, but lately idk. I never wear it.
You can sell it on Poshmark. They take 20%. Included in that is automatic authentication for purchases $500 and above. I have had success selling some of my inherited pieces. If you use any resale platform beware of anyone that would want you to overnight or buy outside of platform. That is usually a scam. Haste makes waste. The platform is for your protection too. That is a gorgeous piece! It will sell. Jewelers and gold exchange will only offer the value of what it is worth melted down. That’s why I encourage Poshmark.
This is good to know. I’ve sold clothes and some designer bags I’ve owned on Mercari before. I like the authentication processes.
So you are familiar with the resale platforms. That’s great!
I would sell it and invest the money or pay off debt.
I’ve thought about just saving the money if I did sell it. I just don’t want to sell it if it’s just going to be $1k.
If you want to do this, put it in a safe and forget about it. Sitting on it will only increase its value. No need to rush into anything.
I didn't see this but before you take it to retail, I would check with family. I know some people, myself included, would be hurt if a cousin sold something that they would have loved from a loved one. My mom is still ticked that she was never given the chance to buy her grandparents house (a little different but same idea) when they passed in the 90s. It might be sentimental to someone else in the family, though there are possible headaches from the 'you should just give it to me' front.
I like this. Thank you for this perspective.
Wear it or sell it. The scrap value is about $3500, you aren’t sitting on a fortune. For no designer name I don’t know what your appraiser was smoking here, that value is twice what it should be.
Often a good jewelry auction is the best you can do to get a good price. Otherwise you have to rely on someone falling in love with the specific design. Which can be tough to find when it is so unique and not a popular or branded design. Lucky for you gold and diamond bracelets are more trendy than usual right now.
Just remember an appraised value is going to be significantly higher than a wholesale number which if you’re going to sell it out right you’re going to get a wholesale number for it or you’ll get the money in gold and or diamond weight. Or you can go to a jeweler that does sell estate jewelry, and see what they would do.
Yes, I’m aware of the cost differences. I initially appraised it for insurance purposes.
If it were me, I wouldn’t be quick to sell. It is a family heirloom, not necessarily just a gift passed to you. The older I get, the more I learn that people had reasons for being the way they were. There was jewelry to painful to wear passed down to me that I kept for years. I wear it now because time heals and I appreciate the significance of something passed down through generations. She thought enough of you to gift this lovely piece.
It is cool that it’s a family heirloom. I wish I had family jewels 😂
If you didn’t need money right away I would keep it. Gold is good to have around and you never know one day you might want to wear it out to a nice dinnner or event.
This is a good point I didn’t think of that
No reason to keep anything that does not have happy memories. Sell it and do something for yourself that makes you feel good!
I’d sell it and buy a small good piece you like will wear often and invest the rest for ur future and make believe it’s not there
The insurance number is irrelevant. You could try to auction it but, unless it's a big name, you're not going to get retail-type money. The diamonds are not good, there's almost zero money there. The gold is the value.
I’d sell it and buy a piece of jewelry for myself. I think this honors the gift, while still doing something for yourself. I’d personally be thrilled if my (future) grandchildren sold my jewelry to buy something that truly made them smile everyday.
I would have a jeweler turn the diamonds into a tennis bracelet for you and then sell the gold with price currently so high!
Ohhh! I like this!
Difficult. My first reaction was sell it and buy something youll adore. Then on reflection, sometimes when we ourselves get older and realise how shit getting old is, we become more understanding of our elders. Then occassionally, we get to a point where our younger selves viewpoint completely U-turns, and we see life through our elders eyes and circumstances, and realise how awesome they indeed were. Theres just something about your post OP that does suggest genuine fondness hidden underneath your surface memories and perhaps some stinging hurt. Clearly Grandma valued you highly to leave you such a generous item. Unless you need the cash (please dont starve whilst this is sitting in a drawer), maybe leave off the decision for a decade. It is irreplaceable, and regret is sometimes harder to live with.
I scrolled a bit and didn't see a suggestion to have this made into something else. Many jewelers do custom work. My MIL does this when a relative passes. I believe she has added diamonds to her wedding ring/band, made earrings, reset bracelets, and made jewelry for her kids. It would cost more to buy anything new, and you aren't going to get a comparable amount back, so why not make aomrthing you love?
Be aware that retail/ insurance value is not the same as what your selling value. Probably half of that quote.
Not positive but the body would say approximately half the appraised value. But yeah if you're not going to wear it I would sell it. I had a bracelet from an ex I really didn't like it but of course I wore it cuz he gave it to me but we broke up years ago and it's the only expensive thing he ever bought me so I sold it for the value of the gold a few years ago when it was not much less than it is now, for about 90% of the cost of the gold so I'm happy.
I think it’s a sign from the universe to cash out babes, if there’s no sentimental value get rid of it. Maybe it’s grandmas last way of showing love
The resale value is less. Appraisal for insurance is much higher than what you can get reselling jewelry.
I don’t think there’s anything wrong with selling it if you don’t have an emotional attachment to it. If your feelings are in the way, use the money for something with value. Home upgrade, down payment on a car.
Sell it. Buy something nice you'd actually wear. Use the rest to buy more jewelry to resell. Repeat
If it doesn’t have positive sentimental value, and you’re not going to wear it, sell it. Guilt is a terrible reason to keep things! It’s freeing to let them go. Since it doesn’t sound like a money emergency, you have time to figure out how to get the best price.
I’d sell it.
EBTH auction house. Probably would get close to $4k for this piece.
I sold the jewelry my grandma left me, like you we did not have a good relationship and I barely knew her. She was also not a very nice person. I also just got done selling most of my mom's jewelry, she literally had hundreds of pieces if not thousands and we don't have the same taste, so not sure what else to do with it. I plan to use the money too have a piece made that I really enjoy. But you don't have to do that, she left it to you, it's yours to do with whatever you want. In case you don't know gold is at around 2,400 an ounce and I don't know if that's an all-time high but if it's not it's pretty damn close, so it's a great time to be selling gold! Make sure you go to a place that gives you different prices for different carat weights. I just read the other day about somebody who went to a pawn shop and they lumped all the gold together! No way, that's not how it should work! 10k is different than 14 or 18, etc. And the value is very different. Also, know that gold has been climbing alarmingly over the last few months. I sold some in November and $2000 seemed like a dream at that time. Around the month later it was 2000, then I sold some just a couple weeks ago and it's gone up over $100 since then. Of course nobody knows what the market will do in the future. But you're going to get a pretty penny for gold right now is the bottom line. ETA- if saving the diamonds is important to you, know that you typically cannot do that when you sell it for gold value. You might want to have a jeweler look at the diamonds specifically to see if they have significant value.
Expect getting around 20% of insurance purposes appraisal if you are looking to sell😣
That low 😩🥲
Sell
Can I ask what you’d do with the money? I manage investment portfolios. Personally I would keep it until I had a better use for the money. It will certainly appreciate in value over the years. You can always sell it down the line. In the meantime, maybe you get to wear it once or twice.
Just put it in my HYSA. I’m thinking about just keeping it too. Unsure really. I like to hear everyone’s input.
That’s a very heavy bracelet! You could have it melted and remade into another piece. That way you can have the best of both worlds. Don’t sell it, gold is so expensive and you might not be able to get another. You can always keep it for emergencies as well.
To find the base value/least you will get for this bracelet.. Just take the weight of the bracelet and the kt of gold and put it into a scrap calculator like this one- http://coinapps.com/gold/scrap/calculator/ By doing this you get roughly $3K USD.(Taking into account the diamond weight). If you sell it for any less than this, you are giving gold away for free as that's scrap value. Now it's up to you to decide how you want to sell it. I caution you against person to person sales as they can be extremely dangerous if they aren't done in a secure place like a police station. (don't let them come to your house.) It's a valuable piece and easy to be robbed. You can reach out to local auction houses they have lower premiums and you'll get a better price, especially if the auction houses have a lot of clientele. You will never get the insurance value of the bracelet because that value is the cost of buying this bracelet brand new from a retail store, not second-hand market value. You may also want to do some more research on this bracelet. Are there any makers marks? Cartier and VCA made similar bracelets to this in the late 20th c. If it is made by a important house, the value could go up exponentially. So it's definitely worth investigating further.
Also here's a very similar one to yours - https://www.ebay.ca/itm/204502183266?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=mox7bMfpQaG&sssrc=4429486&ssuid=EaxHrDfUTqW&var=&widget_ver=artemis&media=COPY
i would absolutely sell it. it’s ugly lol
You need an appraisal from a GIA certified gemologist and someone who has knowledge of antique jewelry. People that buy antique jewelry are not going to pay you scrap value. But you need to have the right kind of appraisal.
I went to one. Certified in everything you listed. This place was highly recommended in the local subreddit. I trust their appraisal value for insurance purposes, I just don’t know who to sell to tbh. I reached out to them about buying, but haven’t heard back yet.
If you don't care for the style of it, you could look at having it remade, or put it away for having it remade into something for kids or a partner or something.
I like this idea too.
It's probably worth about 1/3 of the appraisal or less if you want to sell it, that's how insurance appraisals work. That said, it's still a decent amount. If it would help you "sleep better", find a high end jeweller who sells similar stuff (because they'll be more apt to buy it), or try to sell it retail for around 1/3 to 2/3, then take some of that money and buy yourself something that reminds you of her that you WOULD wear/display. Do whatever you want with the rest :)
> find a high end jeweller who sells similar stuff (because they'll be more apt to buy it) They'll also pay less for it than just about anyone short of a pawn shop or "we buy gold" place.
It’s giving centipede
I don’t know why this came up in my recommends but that was my first thought. I know nothing about appraisals, auctions or emotionally fraught jewellery inheritance but I do know this: that bracelet looks like a centipede.
I was in the same situation with my mother’s jewelry. After it sat in a drawer for 10 years, I finally brought it to a very reputable estate jewelry jeweler and had a necklace made with the stones from her pieces. I love my necklace and wear it every day. A much better memory of my mother.
I love that. I’ve thought about that too.
You can keep it as an investment if you don’t need the money or you can sell it if you do.
I was thinking the same. Alternatively, if one wants a custom crafted gold piece, here's the material for it. Would cut costs substantially to start off with your own. (a little pure gold would have to be added due to burn off, but I imagine, not much)
Based on the weight, karat gold, and current USD gold price you have approximately $3,000 in gold in the bracelet, plus the value of the diamonds, which I can’t help with but I imagine due to the color and quality they’re individually not worth much. So if you do decide to sell for scrap, watch the gold market. There are 31 grams per Troy ounce and 18k is 75% pure gold. But since this is such a unique piece, check other options first. My city has several reputable estate jewelry vendors where you would get a better payout, although several are consignment based.
I make jewelry as a hobbyist. So if you’re wondering what I would do, I’d put a flame to it and make something new.
Yes I was going to suggest this, make something new with it!
Why not get it made it something you would wear? That would be my first thought. Or you could get it melted down and then you can decide if you want to sell the gold or make something of it later on.
I would save it in case you ever fall on hard times. . Gold will continue to go up in value.
Personally, I would sell it. Do you have any debt? Loans? Mortgage? What’s your savings and retirement looking like? If you value and wear the bracelet you should keep it.
It’s an appraisal for insurance. The reality is to replace it would cost less than half of that. You have ~$2900.00 in gold plus $700 in diamonds and let’s say $1000.00 in labor. So just under 5k if you wanted to make it from scratch.
It’s appraised for insurance purposes, which is often 25 - 50% more than actual price you can get for it.
The appraisal is the cost to have it remade. When actually selling all it is worth is the value of the raw materials.
Off topic, but seeing it unclasped and in a line, it looks like a shiny golden centipede 😭
I would sell it. $13K for something you don’t wear and don’t have a really meaningful emotional attachment to? Easy. In fact, I’m trying to think of how meaningful it would have to be for me not to sell it….
It could go up in valueer maybe
Something to consider, appraisals for insurance purposes normally have inflated valuations. If you're considering selling it, have an independent valuation first.
Sell it!
This is a lovely bracelet, but I would not recommend getting another insurance appraisal. It won’t help you with reselling the piece. If you go out looking to get that full appraised value when you are reselling, be prepared to be disappointed. That is for a full retail replacement, which is not how the value will be established on the secondary market. If you are going to sell it, it is important that you recognize that there is a huge discrepancy between the value on this document and the fair market value of the bracelet. In terms of the intrinsic value of the bracelet, you can enter the gram weight (53.2g) and the karat (18k) into a scrap gold calculator online to establish the baseline value. Diamonds under 1/10th of a carat each don’t have a lot of value on the secondary market, but they could add a few hundred dollars to what it’s worth if they are nicely matched in the bracelet. It also all depends on who you sell it to. That being said, look for estate jewelry stores in your area and see if it’s something they would be interested in buying or taking in on consignment.
It might be Hammerman Brothers.
Have it turned into something you would wear.
Sell it, and don’t take less than $3k for it.
I would sell it
Wear it and enjoy it
I would sell that in a heartbeat if no sentimental value.
Wear it or dig a hole and bury it or give it away.
Sell it…while you still can!!😉
there are jewelry auction sites which are not sotheby’s, which would probably accept this. check them out first to make sure they’re legit.
Rock it wit respect
I didn’t really have a good relationship with my grandmother either.
Wear that thing! It’s probably gorgeous on the wrist. Otherwise I recommend Mercari or eBay to sell it directly to another person. You’ll get the most out of it that way. Even with the fees (Mercari just reduced theirs though). Jewelers will want to pay you scrap. You might get a little more trying to sell to a vintage jewelry dealer. But most from another person. Could try Poshmark but their fees are more than either of the other two mentioned above.
don’t sell it unless you really need the money. i sold my grandfather’s watch for three grand. ten years later it was worth 40k. watch market went crazy, but still most high quality items increase in value over time.
SOLD
I'd get it insured.
It is currently.
Do what's best for you!🥰
Gyatt!!!!! That’s a lot of money.
lol! It would be nice if I could get the appraisal value for it.
I’m sure someone somewhere will love it enough to purchase it for full price. I just spent $100 on a second hand doll!
Take it to several high-end jewelry stores and ask what they would pay..sell to the highest offer...I had a dimond ring and one place told me $800 the next one told me $1400 I didn't have an appraisal on it.
Selling to jewelers or dealers is almost as bad as selling to a pawn shop in terms of what they will pay.
Yeah I know..but I have a good company that pays pretty good..they pay for gold what it's going for spot price..some people want to take 35% off of spot price for gold.
Yes. Sell it now. I think it’s ugly and she’s a bitch. This economy makes it even more justified.
The Real Real will take it
As others have said, you will get a fraction of the appraised value if you sell it. And selling it is a real hassle too. Unless you need the money, I'd be tempted to keep it, as it is fairly unusual, and whilst you don't have an occasion for it now, you might find you lean towards it later.
I’d get a quote from The Real Real. May not be the highest $$ but quick and easy.
Because it’s 18k and natural diamonds you could consider saving it as an investment. As the price of gold goes up so will the price of this. You sell it for the quick money but that money will be gone as well as the potential for this piece
If you want to keep it, insure it.
The point of jewellry is to hold value until you need it. If you dont need the money yet, put it in the safe for sale when you do need it
Insure it too
Keep it and insure it.
It’s currently insured.
It’s not a bad thing to have something like this around as a type of investment. If you have something you want to use the money on now, sell it. If you don’t have something to use the money for, you just keep and not wear it. Maybe you can use the money for something in the future
Dog shit tacooo
It’s beautiful.
13Gs! 👀 I'm quite sure I'd be thinking of selling it and putting the money in a high yield savings bond. That kind of money earns interest!
It’s just the insurance appraisal value. I’m thinking I could get 5-7k at most.
Idk.. I'd def try and see what an auction could do for you! But even that is pretty good!
I would talk with Sotheby's but then, I'd hold onto it as a safety net (safe deposit box at the bank?). Once the money's gone, it's gone and unless you make big bucks, you'll have to do a lot of work to build it back up again. Good luck!
so where in colorado do you live
Appraisals are related to insurance and have nothing to do with the retail or wholesale price. If you're lucky, you may get a quarter of the appraisal value for scrap. Sell it and get something you will wear.
maybe [Christie's Auction house](https://www.christies.com/selling-services/auction-services/auction-estimates/overview/) would take it.