Consignment

So, you want to consign some of your jewelry? We can make that happen. 

  • The advantage to selling on consignment is that you will net a higher price. But you will only get the arranged price if and when the item sells.

  • Selling your item outwrite will net you only a fraction of what the item might be worth. The reason for the lower, up-front price is that the store takes the risk when buying outwrite and if the items takes a long time to sell or if it doesn't sell altogether, the store takes the overall loss.

  • Scrap the item out breaking it down into its raw parts; metal & gems. This options is usually nets you the least since it doesn't take into consideration the value of what was involved in creating the item; raw materials, design work, assembly and paying a skilled jeweler to create the item, this generally represents the greatest part of the cost/value of the item.

Once you decide to proceed with the consignment process you will set an appointment with our Vintage and Estate specialist,

  • We will help you determine the value of the piece(s) you want to sell and advise you if the item would be a good candidate for this.

  • we will help you decide what you should/want to make from the sale. Also considering what our store would need to make above the consignment price. Keep in mind that most items should be sold for about 40% below their 'new' retail value to make them appealing to potential purchasers. Items with a value too close to full retail generally do not sell or can take years to sell to that perfect customer that may or may not come along.

  • Once committed, we;

    • Photograph (a copy will be given to you before you leave your item)

    • We will meticulously clean and inspect the item.

    • The item will be documented, bar-coded & tagged.

    • The item will be placed in the appropriate display with similar items to attract potential customers

    • The photo will be place online in our Estate or Vintage section of our web site. broadening the potential customer pool.

    • Our staff will become familiar with your items and will show it to anyone that has an interest in similar items and with any luck or skill from the sales associate, the item will sell.

Additional Information: 

  • After the sale, we will generally wait 3 to 4 weeks before paying out on the item to ensure that the new owner is happy with their purchase. In the rare case that the item does get returned (for exchange only); we would fully and carefully inspect the item to ensure that no damage has occurred and it is still in the condition it was in when it was first displayed.

  • There may be times that someone comes in and is interested in the item you are consigning, but isn't comfortable with the listed price. under these circumstances, we may lower 'our' cost to compensate. But on rare occasions we may contact you to see if you are willing to, slightly drop your agreed to price to help make the sale. But keep in mind the the choice if yours, and you can always say 'no'.

  • If all goes well and the item isn't returned we will cut you a check for the original, agreed upon price. Anything that we make above that price, the store keeps.

 

The best time of year to sell, is during the holidays but anytime throughout the year can work, It may just take a little longer to sell.

While most items can sell within 6 month, if they don't sell immediately, other times it can take years? There is really no way to tell how long something will take to sell but pricing and style of the item play a big part.

  • If your item is taking too long to sell you can always ask us to lower the agreed-to price to help speed things along.

  • You can pick up your item at ANY time just give us a call prior to coming in.

  • There is never a charge from us to consign your item(s).

  • For peace of mind, all jewelry is locked up in our safes, every night.

  • We are also fully insured through Jewelers Mutual Insurance. In the extremely unlikely event of a loss, our insurance would immediately pay you, in full for the agreed upon price of your item(s).

One third of the cases in our store are dedicated to our Estate and Consignment items. It is a great place to find values not available at the equivalent of retail pricing.

  • Whatever you decide, we will provide you very competitive pricing compensation in any of the three options listed here.

 

We look forward to our consultation and doing business together.

IF WE CAN'T MAKE IT OR REPAIR IT, IT CAN'T BE DONE!

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© 2020 The Jewelry Source Limited 

Bothell, WA