There is a good reason to consign your fine jewelry rather than just sell it. Jewelry Consignment will net you more money for your quality items. The downside to consigning fine jewelry is that it takes some time to sell the items and receive payment. If you have jewelry to sell, like an estate collection from a family member or just fine jewelry items that have not been worn in years and are sitting in a safe or safety deposit box, consignment may be the right choice. Consignment is also a good option for a no longer desired wedding/engagement ring.
Why choose Consignment with EraGem?
There are likely a few local jewelry stores that will take in select items on consignment; however, we are unique in that we have an internationally ranked website that specializes in selling pre-owned jewelry worldwide. Many styles may not be currently popular here in the Northwest or your area and are unlikely to sell locally. EraGem.com effectively reaches National and International jewelry buyers as well as local customers who visit our Showroom.
We have a very simple and straightforward consignment process. Many other consignment businesses take a percentage of the final sale, usually between 40-60% and have additional fees and time requirements. EraGem is different. We establish the fair price you will receive when EraGem finds a buyer for your item. The price for each item is set ahead of time and is normally based on a percentage of a current appraised value. We charge no fees, appraisal or handling costs. Individuals who consign with EraGem pay nothing out of pocket.
Consignment typically nets a person 20-40% more than selling, often more. Most often there are a mix of items in any jewelry collection. Some pieces will make sense to sell now while metal prices are strong, but for fine jewelry items, consignment is the best option. Visit our Jewelry Buyers page for more information on the jewelry selling process.
Jewelry We Currently Consign
We are currently offering consignment services for diamond rings with a center stone weight of around one carat and larger and other jewelry items with large diamonds. Large and fine colored stone jewelry and rings are great consignment candidates. Signed designer pieces, both modern and estate tend to sell well through our website also. We do not sell clarity enhanced diamonds. Diamonds that have been drilled, fracture filled or in any way clarity enhanced we cannot accept. Please contact us with any questions, most can be answered by phone, email or chat.
Local Customer Consignment Process
We are available for consignment evaluation and intake during our normal business hours, currently weekdays from 10am to 6pm. We do recommend contacting us ahead of time, our showroom can get busy so it is nice to know when to expect customers interested in consignment.
Often we can provide an initial estimate at the time of intake but many fine jewelry items will need a current appraisal prior to establishing the final price. We work exclusively with a local independent certified appraiser, the North American Gemological Laboratory. The appraisal process normally takes about a week but in some cases can be completed faster.
Once EraGem receives the results of the appraisal, we will contact you to confirm prices. In all cases, the amount you will receive will be clearly stated and agreed to prior to EraGem continuing to market the item. There is never any obligation, you can pick up your items at any time.
After appraisal and pricing agreement, any repairs necessary before selling can be done as well as photography and listing to the site. This process normally takes about a week but can be faster or slower based on the number of items we have to process and how much time is involved in repairs etc.
Out of Area Consignment Process
Please email us whatever details you have about the item(s) including pictures and any paperwork available. Based on the information provided, we can try to give a rough estimate and provide you with an insured shipping label to send the item(s) to us for actual appraisal and determine the final net price. We must keep all items we offer for sale here to market them on consignment. Once we receive the item(s), the appraisal process takes about a week to establish the current appraised value and the corresponding net price we will be offering. If agreeable, from that point any repairs, photography and listing to the website takes around a week.
Consignment Agreement Details
Consignment Terms: No minimum time requirements. No Fees. You retain full rights to the item(s) while in our possession and may pick up the item(s) or request their return and cancel the agreement at any time. We ask up to 14 days to issue payment once a buyer is found. This time is to cover shipping, sizing, adjustments, repairs, or anything else that may take time. Each item is fully insured for loss at the agreed net consignment price while it is in our possession.
What if after time my item hasn’t sold?
Our consignment agreements are not for a fixed time period. We will always prefer to keep marketing an item until it sells; however, we realize that the point to consignment is to actually sell the item. At any time you can cancel the agreement and either pick up your item or have it returned to you and try a different venue. Another option to facilitate a sale faster is to try reducing the price and have the item featured on our Sale page. We normally recommend a price reduction of at least 20%, which means you agree to reduce your net price by that percent and we reduce the asking price by that same percentage.
Please contact us with any questions about our jewelry consignment process or policies.