FAQ – Jewellery
At Sell Your Jewelry, we aim to provide a transparent, professional, and respectful selling experience. Below are the most common questions we receive from sellers in Singapore, along with clear explanations of how we handle the process.
Pricing & Offers
The price we offer for your diamond depends on several key factors:
- Certification – If your diamond has a GIA, IGI, HRD, or another reputable certificate, we can offer a higher price because it verifies the stone’s authenticity and quality. Certified stones also protect sellers from undervaluation by buyers with more expertise.
- Modern vs. Old Cut – Older diamonds often require re-cutting before resale, which adds risk and cost. For example, we once re-cut a VVS2 diamond, but it revealed an I1 inclusion during the process, lowering its value. Because of this, we typically offer less for diamonds that need re-cutting.
- Market Conditions – While diamond prices traditionally increased over time, the market has declined in recent years, especially in 2024.
- Forget the Purchase Price – If your diamond was branded, you likely paid extra for marketing, operational costs, and branding, which do not translate into resale value.
- Compare Offers – For high-value diamonds, we always recommend getting multiple offers, as different buyers use different pricing methods.
đź’ˇ For the highest value, a modern-cut, GIA-certified diamond is the best option.
When evaluating your jewelry, we first assess its core materials:
- Gold weight
- Main diamond or gemstone
- Small diamonds (melee stones), estimated weight & quality
We then check current gold and diamond prices and base our offer on this data.
If your jewelry is meant for melting, the price is based on its raw materials. However, if we see a beautiful, resellable piece, we may offer more.
đź’ˇ Want a better deal? We offer top value for trade-ins, where you exchange old jewelry for new pieces.
When you purchased your jewelry, the price included:
âś… Gold and diamonds
âś… Craftsmanship and labor
âś… Brand marketing and operational costs
âś… Retail markup and seller profits
When selling, only the raw materials matter—not these additional costs. This is why branded jewelry has a higher purchase price but does not always retain the same resale value.
Yes! We buy melee diamonds and side stones, offering a price based on their estimated weight and quality.
Yes, some luxury brands hold value better, especially if:
- You have the original paperwork & box
- The jewelry is in excellent condition
For high-end brands, we often recommend consignment to help sellers maximize value.
Yes! The gold content directly affects value:
- 14K (58.5% gold)
- 18K (75% gold)
- 22K (91.6% gold)
Higher gold purity = higher payout.
Gold prices fluctuate daily, and our offers are based on the latest spot price.
đź’ˇ If comparing multiple offers, make sure they are from the same day for accuracy.
No. Platinum does not have higher resale value compared to gold.
Yes! We buy gold bars and coins, but we do not specialize in collector-value items.
Process & Evaluation
We conduct a thorough evaluation of your jewelry in a private and secure setting, all in front of you. We then provide an on-the-spot offer based on our assessment.
We strongly recommend booking an appointment to ensure you receive our full attention without waiting.
Authenticity & Testing
We use multiple methods to confirm authenticity, but our diamond tester machine is the most reliable.
We use both:
✅ Diamond Tester – Confirms diamond authenticity
✅ X-ray Machine – Confirms gold purity
Yes! In 99.9% of cases, we verify purity immediately.
We conduct all evaluations in front of you, in a private office, ensuring full transparency and security.
Alternatives & Consignment
Yes! We offer extra value when you trade old jewelry for new.
Yes, for selected high-value items.
Consignment often results in a higher payout, but it depends on your time and market demand. It is best suited for:
âś… Luxury brands (Cartier, Tiffany, etc.)
âś… Large diamond necklaces & rare pieces
If you are not in a rush, consignment is a great option to start with.
âś… Yes, we buy broken gold jewelry, loose diamonds, and some precious stones.
❌ Many colored gemstones have little to no resale value.
Legal & Security Concerns
No—private sellers do not need to pay taxes when selling jewelry.
Yes, but only licensed dealers (like us) can legally buy second-hand jewelry.
We ensure full transparency through:
âś… A licensed business
âś… Excellent Google reviews like ours
âś… Private, secure evaluations
âś… Respectful & professional service
Yes, we require a copy of your IC or passport, as per Singapore’s legal regulations.