Last updated on February 14, 2020
No doubt you have heard about jewellers who sell used jewellery. The price for such pieces may seem quite attractive, but should you buy used jewellery after all? Let’s go into details to find out how to avoid common pitfalls.
What is Used Jewellery?
Used jewellery is a term referring to the pre-owned pieces.
One of the most commonly used terms to label used jewellery is “estate jewellery”. Other similar terms are “pre-owned jewellery”, “pre-loved jewellery” or “refurbished jewellery”.
If you see such labels along with huge discounts, you can be sure that you are dealing with used jewellery.
There are a lot of companies who buy pre-owned jewellery for reselling or reuse. For example, if someone sells a diamond ring to one of those buyers, the ring may be resold to another customer or the metal will be melted down and reused to create another piece of jewellery.
As for the diamond, it will either be remounted onto a new piece or sold separately as a loose stone.
The best part about buying used jewellery is its price. Such pieces are usually much cheaper than the new ones. For example, jewellers selling pre-owned pieces offer discounts that can reach up to 50% of the price for the brand new item.
How to Avoid Used Jewellery Scams
Although pre-owned jewellery is usually labelled with one of the above-mentioned terms, some scammers try to sell you a used piece as new.
Do you really want to pay the full price for something pre-owned? If not, then you should be very careful when shopping.
Closely inspect the jewellery piece you are going to buy, best under a loupe. Any sign of wear suggests that you are dealing with a used item. Scratched metal, small chips, worn out prongs are all signs of previous wear.
Should You Buy Used Jewellery?
The problem with used jewellery is that it is used, meaning its parts are more or less worn out.
You should understand that prongs, clasps, chain links etc. are not in their best shape. Most likely you may need to fix all these soon.
Otherwise, you put yourself at the risk of losing your gemstones due to loose prongs or have your piece broken while wearing it.
To make a wise purchase, always take a close look at the jewellery you are about to buy.
In case you notice thinned out, cracked or broken elements, ask the jeweller to rebuild or replace those for free or ask for a discount so you can get them repaired.
In general, buying used jewellery may be a great way to save some money as long as you are aware that the piece is pre-owned and you are satisfied with its condition and the price you need to pay.