5 Reasons to Buy Used Jewelry

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What are reasons to buy jewelry? If you’re a jewelry lover looking to get yourself a new piece of accessory, then you’ve probably scoured countless local boutiques and online stores searching for new bling to add to your growing collection. Should it be a classic gold bracelet, a dainty pearl necklace, or shiny diamond earrings? With a myriad of options available, it’s hard to decide which one to get. Aside from beauty and quality, jewelry shoppers are keeping their eyes peeled for the best deals they can grab so they can get the most out of their money. And one of the best and proven ways to do so is by purchasing used jewelry. 

Yes, that’s right. While most people visit stores intending to buy brand new jewelry, getting pre-owned items can save you a significant amount of money–and that’s just one of its many benefits. Feeling hesitant about ordering secondhand jewelry is understandable, but it’s definitely worth considering. In this article, we will share with you the top 5 reasons to buy used jewelry

There are many good reasons to buy used jewelry

Affordability 

This is easily one of the best benefits of buying pre-owned jewelry. When you opt for used jewelry, you get to enjoy beautiful pieces for a fraction of its original price. If the item is vintage, the seller might charge higher because it’s rare and more desirable. However, if you’re planning to buy something relatively new and its market price hasn’t increased, then secondhand is most probably a good option. 

Is secondhand jewelry better value? As with other high-ticket items like cars, electronics, and houses, the value of jewelry depreciates as soon as it has an owner. Even if it was worn once or hundreds of times, its value will drop by 20% to 40% by the time it is resold, according to Mallard Jewellers, giving those who purchase pre-owned items a huge financial advantage. People automatically get the discounted price with used jewelry, allowing shoppers to splurge on glamour without breaking the bank. 

Great Quality

There is a common misconception that secondhand jewelry is of lower quality than a brand-new piece because it’s been worn before. But this isn’t the case at all. If an item is well-cared for and maintained, then it will remain in excellent condition for decades. It can even look as good as the day it was first bought, especially when the jewelry has been cleaned, refurbished, and re-polished.

Most jewelry, like engagement rings, are made to be worn every day and to last the wearer a lifetime. In fact, many diamonds found in the market are recycled. Some crystals that were once set in jewelry are later reset in new pieces and sold as brand new. Also, many luxury items have a classic design, so you wouldn’t have to worry about it going out of fashion.

Most jewelry, like engagement rings, are made to last a lifetime

Wide Selection

Another benefit of acquiring used jewelry is having a wide range of options. With secondhand items, you aren’t confined to the current selections offered in the store. You can choose from a variety of collections: limited, exclusive, vintage, or new – the possibilities are endless. A jewelry seller can offer items from almost any decade of the 20th century and even earlier. Knowing that there are plenty of styles available can make your jewelry shopping experience much more enjoyable. 

Preservation of History

Every piece of secondhand jewelry has a story. Of course, it’s highly unlikely for you to know what your jewels and gems have witnessed in their time, but the mystery that surrounds their history adds to the thrill of having them. Owning vintage jewelry also entails a responsibility–that of making sure that it remains in good condition until it’s time for a new owner to enjoy it. Furthermore, a lot of vintage jewelry was crafted using techniques no longer practiced today. Because of its unique character, they often possess a charm and character that no other jewelry in a modern boutique has. 

Sustainability

If you like to keep your carbon footprint at a minimum, then buying pre-owned jewelry is the way to go. As pretty as they look, it’s unfortunate that the mining of precious metals, diamonds, and other gemstones can hurt our environment. It can harm the surrounding air, water, and soil while depleting valuable resources, such as fuel and water, according to a report by the American Geosciences Institute. By purchasing secondhand jewelry, you are not contributing to the demand for newly mined materials. 

Sell your jewelry to a local jeweler to get the best price

Do jewelers buy secondhand jewelry?

If you’re looking to sell your unwanted jewelry, then taking them to a local jeweler is a good option. They are most likely to give you the best price because they’ll treat you as a potential customer. Of course, aside from knowing the value of precious metals, they also know a lot about jewelry. Another advantage of selling to local jewelers is that you can get your money much quicker. Most local jewelers appraise your jewelry on the spot, so there is a strong possibility that you’ll get your cash the same day. So, do jewelers buy second hand jewelry? Yes, they do.

How do you buy jewelry for resale?

Selling jewelry can be one of the most lucrative businesses out there, just as long as you know how to manage it. As revealed in this new report by Statista, watches and jewelry make up 78% of the secondhand personal luxury goods market share worldwide in 2019. This means that there is a high demand for pre-owned jewelry globally. 

 

In 2019, used watches and jewelry accounted for 78% of the product offering within the second-hand personal luxury goods market worldwide

However, not everyone who aspires to be a jeweler can design their own pieces and find a manufacturer that will mass-produce their items. Sometimes, the best way to start a jewelry business is to search for the best designs, buy them in bulk, and sell them. Find reliable sources where you can source wholesale jewelry. You can explore online marketplaces like AliExpress, where many shops sell their products at competitive prices. Websites like Panda Hall, SOQ, and Panda Whole offer wholesale jewelry. These are highly reputable platforms, so they can surely meet your needs. However, understanding the inner workings of these marketplaces will take time, so make sure you are ready for that. For local suppliers, you can try Etsy, Ruby Lane, and eBay.

Before buying wholesale jewelry for resale, keep in mind some of these best practices. 

  • Monitor trends
    Buying and selling jewelry is not as simple as choosing your preferred designs, contacting the factory, and having it shipped. Remember that your personal inclinations have little say in the success of your business – it will depend mostly on the preferences of your customers. That’s why you must keep an eye out for the latest trends in fashion. One of the best ways you can do so is by setting up Google Alerts for jewelry trends. This way, you’ll be receiving emails and articles on popular jewelry trends on your devices.
  • Find your niche
    Now that you’re getting regular information about what’s in, the next step is for you to identify the specific niche you want to target. You don’t want to be selling what everyone else is offering, right? Make sure you stand out from your competitors and pick out the pieces that will set your brand apart from the rest. 
  • Learn more about jewelry
    There is nothing worse than selling something that you know little about. The only way for you to gain your customers’ trust is by proving that you know your product well. Although it’s highly unlikely that they will raise many questions about the jewelry they’re buying, you must be ready to divulge in-depth details about the jewelry you’re promoting. Knowing the answer to the question, “Why wear jewelry?” may not be enough. You should try to learn about the construction material, the exact dimensions, and the workings of your jewelry. Knowledge, as they say, is power. 
It’s more economical to use pre-owned bridal jewelry

How to buy used bridal jewelry?

Most females imagine what their wedding would look like from a young age. However, despite dreaming about it from girlhood, not every woman wants to splurge on their big day. Luckily, there are countless websites offering pre-owned bridal jewelry. We’ve listed three of the most reliable sources below.

Worthy

This retailer claims to offer a comprehensive and exceptional selection of used jewelry at the best market price. Worthy guarantees that all their items are real, as they accept neither cheap metals nor lab-created stones. They also sell vintage and antique jewelry and designer items from top companies, such as David Yurman and Tiffany & Co. 

PreOwnedWeddingDresses.com 

Despite the name, PreOwnedWeddingDresses.com also offers used bridal jewelry. This online shop has been connecting sellers with soon-to-be-brides looking to buy affordable secondhand jewelry since 2004. With over 227,000 Facebook fans and a following of more than 18,100 on Instagram, this site is definitely a platform that you can trust. 

Nearly Newlywed

This website claims to offer a “safe, savvy, and stress-free” shopping experience. Here, you will find loads of pre-owned bracelets, rings, necklaces, and earrings. All items at Nearly Newlywed are eligible for a friendly 5-day return policy (unless stated otherwise). 

Is jewelry worth buying?

The answer will depend on your goal. If you perceive jewelry as an investment, then the answer is no. The value of gold and precious gems can appreciate through the years, and it has led some people to believe that it can make for a good investment. That’s not always true, however, because most people who buy jewelry actually have no plans of selling them for a profit. An investment should make you money, and if it isn’t, then it’s just an asset.

But if you’re buying jewelry for the sheer pleasure of wearing it or for the joy of gifting your loved ones with it, then it’s definitely a worthy purchase. Jewelry can do so many things; it can make you look good and feel good. If you received a piece of jewelry as a gift, then the mere act of wearing it can make you feel special because it carries sentimental value. Also, it’s so easy to give jewelry as a gift because people of all ages can wear it, it can suit any personality, and it’s appropriate for all body types and skin tones. Jewelry is versatile!

Jewelry can also give you that confidence boost on the days when you’re feeling unattractive. Even a regular outfit can easily look elegant when paired with the right accessories. Simply, there is nothing that compares to the glow that gemstones and precious metals can give you.

As you’ve seen, there are many good reasons to buy used jewelry. We hope that this guide has given you a fresh perspective on pre-owned jewelry and why you should consider it the next time you go shopping. If you’re planning to sell your unwanted jewelry, we’ve also gathered a list of everything you should know about selling your gemstones and jewelry online

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