You’ve decided it’s time to do something with that box of jewelry you inherited. But it’s hard to know which, if any, to keep. It’s helpful to set a timeline to review the jewelry pieces and decide what you want to do with them. Here are three questions that will help move you through the decision-making process:
#1: Does It Have Sentimental Value?
Some pieces can invoke strong emotions while others have a story to tell. Does it fit? Will you wear it? If the answer is ‘yes,’ and an item has special meaning to you personally, keep and enjoy it. If not, would it bring joy to another? Consider passing it on to someone you know would appreciate the sentiment attached to it. Finally, donate any unwanted jewelry to your favorite charity thrift shop.
#2: Can It Be Re-purposed?
If the item has no monetary value and you feel no attachment to it, you can have it made into something else. Start a project or find a custom jeweler to incorporate some or all an item’s components into a new design. It could become a reminder of the special memories the original piece provided.
#3: Does It Have Monetary Value?
Even when you know you’ll never wear a family heirloom, it can be a tough decision to sell it. Try reframing the thought. Create a tribute to the previous owner’s memory with the money you receive from it – pay for college tuition, take a memorable vacation, make renovations to your home, etc.
To begin the selling process, consider the following:
- What’s the Value? – have the item appraised by a reputable jeweler or do your own research online to compare prices of similar pieces. Keep in mind that it may not sell for that exact amount since resale jewelry demand continually fluctuates.
- How Will You Sell It? –selling through a local jeweler or an e-commerce website will give you the highest probability of success. Make sure you understand the costs associated with each option.
You may experience different emotions as you navigate this process. Choose a time that feels right, sit in a comfortable place, and keep your thoughts in the here and now. Focus on the positive feelings each decision will bring to you or someone else. In the end, it’s all about honoring the memory of someone special in your life.