Selling jewelry on consignment can be a great way for both individuals and businesses to make some extra money. Consignment means that you are allowing someone else to sell your jewelry for you, and you only get paid when the jewelry is sold. This can be a great option for those who do not want to go through the hassle of setting up their own jewelry business, or for those who want to test the waters before committing to a full-scale venture.
How Does Consignment Work?
When you sell jewelry on consignment, you will typically work with a consignment store or an online consignment platform. The consignor (you) will provide the jewelry to the consignee (the consignment store or platform) who will then display and sell the jewelry on your behalf. The consignee will typically take a commission on any sales, but the remainder of the sale price will go to you.
One of the biggest benefits of consignment is that it allows you to get your jewelry in front of a wider audience. Consignment stores and online platforms have a built-in customer base, which means that your jewelry will be seen by more people than if you were to sell it on your own. Additionally, consignment stores and platforms often have more experience and expertise in selling jewelry, so they may be able to get you a higher price for your pieces.
What Kinds of Jewelry Can You Sell on Consignment?
Most consignment stores and platforms will accept a wide variety of jewelry, including:
- Fine jewelry (diamonds, gold, silver, etc.)
- Costume jewelry
- Handmade jewelry
- Vintage jewelry
It’s always a good idea to check with the specific consignment store or platform you’re interested in working with to see what they accept and what their commission rate is.
How to Prepare Your Jewelry for Consignment
When you’re getting ready to sell your jewelry on consignment, there are a few things you should do to prepare your pieces. Here are a few tips:
- Clean your jewelry thoroughly. Use a gentle jewelry cleaner and a soft cloth to make sure all of your pieces are sparkling and free of dirt and grime.
- Organize your jewelry. Keep similar pieces together and group them by type (rings, bracelets, etc.).
- Take good photographs. Clear, well-lit photographs of your jewelry will help potential buyers to see the details and beauty of your pieces.
How to Choose the Right Consignment Store or Platform
When you’re looking for a consignment store or platform to work with, there are a few things you should keep in mind:
- Look for a store or platform that specializes in jewelry. This will ensure that your pieces are in the right hands and that you’re getting the best possible price for them.
- Check the commission rate. Different stores and platforms will charge different commission rates, so make sure you’re comfortable with the rate before you agree to work with them.
- Read reviews. Look for reviews from other consignors to get an idea of what it’s like to work with the store or platform and how well they sell jewelry.
Conclusion
Selling jewelry on consignment can be a great way to turn your unused or unwanted jewelry into cash, while also reaching a wider audience and receiving valuable advice and support from experts. When choosing a consignment store, be sure to consider the store’s reputation, experience, and expertise, as well as its location and online presence.
