0
If you own a diamond that you want to sell through consignment, best practices dictate that you provide the cosigner with a copy of your GIA evaluation of the diamond, which documents its unique properties.
The GIA certificate will support the asking price, and will be a value add to the buyer.
As well, check with your insurance coverage, to verify that your policy will cover the gem while on consignment. As well, review your consignment owner's insurance to verify that your gem is covered.
If by 'safe' you imply that you will not be cheated, you are the best judge of safety.
Insofar as protecting the diamond's value, you are best advised to follow the guidelines, as above.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What does selling your jewelry on consignment mean?
Selling your jewelery on consignment is tricky, Being a silver and gold collector Ive met more stores who will sell your stuff 20-30% over what they give you. Bottom line is take the time to get it appraised so you know what you got then start asking shops what they will settle for your jewelery. However, more to the point, selling anything on consignment means you give the merchandise (in this case, jewelry) to another person or store to sell for you. Once the items sell, you get paid. The store that sells it will charge some kind of fee.
Where can I find out more about selling diamonds?
You can find out more about selling diamonds by talking directly to local diamond sellers, taking classes in the business, or doing an apprenticeship.
What are the objectives of consignment?
objectives of consignments
Where can I sell my shoes in Manhattan NY?
Selling shoes in NYC can be tricky. Unless they are from a luxury brand and in good condition, you should probably just donate them to charity. If they are designer shoes, you can try to sell them to a consignment store like Beacon's Closet or INA.
What is the average sales per day of a medium sized ladies consignment shop?
The average sales per day of a medium sized ladies consignment shop will vary with each store. I recommend visiting several stores to collect data and see what your calculations come to.
How do you calculate the consignment stock?
consignment stock left unsold : **** + proportionate consignor's expenses : **** + non-selling expenses : **** consignment stock : #### ----
Is it safe to sell my 2 ct diamond ring online?
It is safe if you are selling it to a jeweler of repute.
How do you spell consighnment?
The correct spelling is consignment (selling items that are on loan).
What is average consignment fee for selling an RV?
10 - 20 % Condition & Age.
What is the average consignment fee for selling an RV?
10 - 20 % Condition & Age.
What is a diamond selling ablum?
A diamond selling album, is a album that sells over 10million copies in the U.S. alone.
What does the term end of consignment mean?
It usually means that a retailer is selling off the the last few item from a line cheaply.
What does selling your jewelry on consignment mean?
Selling your jewelery on consignment is tricky, Being a silver and gold collector Ive met more stores who will sell your stuff 20-30% over what they give you. Bottom line is take the time to get it appraised so you know what you got then start asking shops what they will settle for your jewelery. However, more to the point, selling anything on consignment means you give the merchandise (in this case, jewelry) to another person or store to sell for you. Once the items sell, you get paid. The store that sells it will charge some kind of fee.
What is mean by consignment sales?
The seller does not own the item, they are selling it for someone else. When the item is sold, they pay the person the money and keep a percentage.
How much money is diamond worth?
Your answer depends on the quality of the diamond you're buying/ selling.
How do you record a journal entry for consignment sales?
debit consignment accountcredit consignment sales
How do you sell a browning sweet 16 shotgun?
Selling can be done on line, at a gun show, or on consignment at a gun shop. Some locals alow the newspaper and other means of selling guns. Check the link below for values.
