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Consignment

If you are considering selling your unworn, less-loved jewels, we would be happy to help - we have sold signed pieces, vintage and antique pieces, estate pieces – you name it!  We also keep a interest list of items that clients are looking for, and very often, already have clients in mind when we accept your pieces for consignment.

 

CONSIGNMENT RATES

Sale price up to $10k - $375 or 15% of sale price, whichever is greater;

Sale price up to $10,001 to $15,000 - 12% of the sale price;

Sale price up to $15,001 and up - 10% of the sale price.

 

READY TO PROCEED?

Please print our consignment agreement, enclose a copy with your shipment (we will return a signed copy to you via email, upon official receipt of your goods for consignment), along with any documents, original packaging, invoices, etc. that you may have.

Please pack your goods safely and securely, bagging and/or boxing each item separately to avoid damage in transit. 

 

Consignments

Below are some of the most frequently asked questions of us – chances are, your questions are already covered below.  If not, please feel free to send me an email at grace@jewelsbygrace.com.

Will you accept my jewelry for consignment?

We advise people that in some cases, unless your jewelry has a fair market value of at least $3,000, it may make more financial sense to try to sell your goods yourself as a first step.  Our minimum consignment fee is $375 or 15% (up to $9999) so you need to ask yourself if this service is worth it.

In some cases where we feel that we are not the right vehicle for your item, we will tell you so. 

Will you accept my items in trade?

We only accept vintage and antique jewels in trade at this time.  However, we do have many trade contacts who would be happy to make you offers on your items, depending on what they are.  We would be happy to assist with this.

If you do decide to consign your jewels, we will be happy to offer you a preferred consignment rate IF you spend your consignment proceeds with JbyG.

Do you accept modern goods for consignment?

Yes!  We have a vast client base whose tastes and preferences run the gamut from antique, vintage and modern jewelry. 

For loose diamonds and jewels with center stones greater than a carat, we require that the diamond(s) be certified by the GIA first, prior to being listed.  This would really greatly increase your chances of a sale and allow us to price your jewels fairly and attractively. 

How do I get my diamonds certified by the GIA prior to listing?

We would be happy to arrange this.  The fees (including round-trip shipping) is the seller’s responsibility. Please visit the GIA website to see the fee schedule and current turn-around times.

Can you tell me what I can expect to get for my piece(s)?

If you have photos, appraisal documents, or certificates which can you can email us, we will be able to give you a ballpark figure of what we think your piece will sell for.  Keep in mind, this is a ballpark number at best, as we still have to inspect your pieces for overall condition and accuracy of specs, amongst other things.  

How long will it take to get my item(s) sold?

Please understand that selling time is not something that we can predict.  We have sold many items before they are even listed, some within hours, and some within a few months.  We have a very good track record but there have been cases where we have been unable to sell certain items for a variety of reasons (price, style, etc). 

If you are in a hurry to sell, we may not be the right site for you. We want to get you a fair price for your jewelry, and rushing the process does not behoove you, the seller. 

Are my items insured while in your possession?

Yes.  We carry a commercial policy with Jeweler’s Mutual which protects your jewelry against loss, theft, and damage while in our possession.

What is the safest way to get my items to you?

USPS Registered Mail, while a on the slow side, is still the best and safest way to get your goods to us.  In cases where transit time is critical, you may ship your goods to us using Fedex or UPS, with full insurance coverage by our 3rd party transit insurer.  We will give you a quote for this service, if requested (labels and packaging instructions will be provided for your use).

Will I be contacted when an offer is made on my items?

Any and all offers on your items will be conveyed to you, including lay-away offers.  In cases where a full price offer is tendered, we will accept the offer on your behalf.

How long after the sale is confirmed before I receive my sale proceeds?

Sale proceeds are typically remitted to our consignors within 2 weeks, if not sooner.  This is done via a bank check or ACH (we will need your account and routing number for this).

Will my pieces be automatically marked on sale during sale periods?

We will not put your items on sale UNLESS you advise us. If you do, let us know how much to mark it down and we will happily oblige! We would suggest that your items only be marked on sale after it has been listed for 4 months without any serious offers.

How long does it take after you receive my item(s) before it’s listed on the site?

Upon receipt of your item, it will be inspected, cleaned and polished, appraised, photographed, added to the photo site, and “announced” to our sneak peek subscribers during a special promotional period, and listed at a promotional price (typically 3-5% lower than the website asking price).

The sneak peek newsletters are published at least twice per month. In order to be included in the upcoming month’s newsletter, we will need your items in-house no later than the first week of the preceding month.

How long is the consignment term for?

While our experience is that most pieces sell within 6-8 months, some pieces may take longer than that.  If we are not able to sell your item after 18 months, you may choose to cancel the agreement by simply paying the end-of-term fee of $175/item.  Return shipping costs will be added to this.

If I change my mind, may I get my item(s) back?

Of course! You may choose to cancel the agreement AT ANY TIME. The minimum consignment fee of $375 will be due, as well as return shipping costs.

Should I get my item(s) appraised independently prior to sending them to you?

While all our consignment pieces come with a qualitative report from an independent firm, it actually behooves you, the seller, to actually know what you have on your hands. It will certainly prevent surprises when we price the goods initially, as well as when we inspect them.

If you do not have a trusted appraiser in your area, you may send your items directly to us, and we will make the arrangements to have them appraised. We work with several trusted and nationally recognized appraisers:

Dave Atlas, GG (http://datlas.com)

Neil Beatty, GG, ICGA (http://www.gemlab.us/index.htm)

Patrick Davis, GG, ASA (http://www.jewelryappraiser.net)

The above appraisers are completely independent and are not affiliated with JbyG.  We are offering this service to make the consignment process as efficient as possible for you.  Fees you incur for their services will be paid to them directly.