Selling Jewelry Locally

I am firm believer in buying and selling locally. The advantages of dealing with a local are innumerable but include quick transactions without the cost and hassle of mailings, easily see and understand the exchange, and deal with an individual who you can know. In some markets, dealing with a national or even international firm can help. They have exposure to more potential outlets and can help get you a higher price.

Jewelry and especially polished diamonds are an international market. Dealers buy and sell diamonds at prices largely dictated by a few larger firms. This market structure means that if you are a savvy consumer you should pay or be paid the same amount.

In my research on diamonds, I found the data really backs this up. Diamond dealers trading in polished diamonds pay similar amounts in Denver as New York, Dallas, Chicago, or Los Angeles. Similarly, sellers (for savvy consumers) will sell at about the same prices.

If there is not a price difference, the answer is clearly to buy (and sell) locally. In a future blog, I will compare the prices paid a national competitor to prove that.

My office serves the front range of Colorado. I hope to be the best place to sell your diamond or unwanted jewelry. I buy from individuals in Denver, Golden, Broomfield, Boulder, Castle Rock, Westminster, Aurora, Arvada, Littleton, Lakewood, Cherry Creek, and beyond.