Jewellery Sales

[angry2008]

I took some old jewelllery i no longer wanted to a jewellers about 4 months ago.. They gave me £150 for 12 rings and a necklace. I walked past the jewellers yesterday to see one of my rings for sale for £195. Obviously i was shocked and disgusted that they gave me £150 for 12 rings and necklace and yet that one ring is £195 alone. I want to know if i can confront the shop or not? i have no receipt but i know they took my details when i sold the jewellery?? Help! feel robbed.

[redcrx]

why didnt you get more than one valuation.

You didnt have to accept their offer

[B00]

Nothing you can do.

You sold them the things, you were happy at the time with the price they gave you. Well I'm assuming you were happy, considering you left them there and took the money.

All you can do i'm afraid is curse your daftness in not having the jewelery properly valued before you sold them.

[angry2008]

surely they should have told me how much they were giving me for each item? they just weighed it and give me a price... I thought reasonable because i thought it was old tat

[redcrx]

did you ask how much they were giving you for each item? Not by the sound of it.

You sold it for that figure, a jeweller has to try and make a profit, and dont forget that its not sold in the last 4 months so perhaps they have over priced it.

The rest of the rings may have just gone for scrap.

[B00]

Once again you can only blame your gullability and daftness and let it go.

The shop you sold them to is in the business of making as much money as possible with as little outlay as they can get away with.

Yes they should have told you how much each time was really worth, but if you didn't ask, they are obviously not going to tell you.

Once again, your naivity cost you money, it is not their falut or their problem and you regrettably can not now do anything about it.

[jno]

then you're being punished for your ignorance. Sorry, don't mean to sound rude, but it was up to you to find out what it was worth, eg by getting more than one quote as redcrx says. And you could have asked for a valuation for each item when you sold them.

But you haven't necessarily been ripped off. Bear in mind that a buyer will always try to sell for more than they paid - that's how they stay in business, how they pay their staff, their rates etc. You had theconvenience of getting it off your hands. They've got the inconvenience of having to sell it - maybe they won't be able to, at that price.

[fredpuli47]

Look, people are always selling things at the best price they can get. You and the jeweller both did. If you thought you could have got a better price elsewhere you'd have gone looking for it, wouldn't you ? You didn't ? Why not? If you were looking to buy something advertised online for £159 or more you'd shop around on the net to find whether you could get it cheaper, wouldn't you ? Well, that's what you should do when selling, look around.

It may be that the price wasn't all that wrong. If you were buying perfect jewellery at auction (Christies, say) you should reckon it will retail at three times the price paid at auction. In your case, much of the stuff might be only scrap value to the trade or not even that.

[theviking51]

Far as i know,if they pay you for scrap then they cannot sell in their own shop,but ok in another. Tell the shop that you will warnl others not to go to his shop.

[Mr Veritas]

As B00 so rightly says,you were happy at the time,so what's the gripe now?
If you had had the sense to get more than one jeweller to give you a valuation you wouldn't be in this predicament now.
Sorry,but we have to learn by our mistakes!

[Mr Veritas]

BTW what is this question doing in History?
It might be better in Law or Shopping or indeed How it Works?

[VHG]

You could have put it up for auction (maybe got a valuation for an auction company first).

Then you would have known what they were worth.

I am afraid in your case it was "seller beware".

[VHG]

Anyway the ring may not be worth what he is asking.

Maybe he is hoping someone as gullible as you will come along and buy it !

[factor-fiction]

You did well to get £150 for your stuff, as I'm sure Money4Gold and other postal gold companies would have offered less than half of that.

[wooliej]

i took 2 very nice rings into the local dealer yesterday, had them for a while and no longer wear. One cost about £40 - maybe 20 years ago; the other currently retailing at £130. They offered me £16 for both. I declined ... but they just go by weight, not aesthetically pleasing look. Yes, a rip off. Seller beware in this case.

[sara3]

I was once offered £2.5k trade in for my car, but I saw they were selling the same model but older for over £5k.. so that was a no!

you must know that all business people are there to make money.