How to Sell Estate Jewelry in Montreal: A Simple Guide

The most critical decision you'll make when selling your valuables has nothing to do with the items themselves—it's about who you choose to sell them to. The right buyer can mean the difference between a quick, lowball offer and a fair price that reflects your jewelry's true worth. While pawn shops and anonymous online services exist, they often overlook the intricate value of craftsmanship, brand history, and gemstone quality. To successfully sell estate jewelry Montreal experts recommend finding a partner you can trust. This guide will show you exactly what to look for in a reputable buyer, from professional credentials and transparent pricing to a strong local reputation, so you can feel secure and confident in your choice.

Key Takeaways

• Know Your Jewelry's Worth Before You Sell

  : Walk into any negotiation with confidence by first gathering your paperwork and getting a professional appraisal. This gives you a clear understanding of your items' value and a solid baseline for what constitutes a fair offer.

• Look Beyond the Raw Materials

  : The final price of your jewelry isn't just based on its metal weight. Factors like the designer brand, historical period, craftsmanship, and gemstone quality can significantly increase its value, so it's crucial to have an expert evaluate the entire piece.

• Partner with a Reputable Local Buyer

  : Who you sell to is the most critical decision you'll make. A local buyer with a strong reputation, positive reviews, and professional credentials will provide a transparent appraisal and a fair market price, ensuring a trustworthy experience.

Where Can You Sell Estate Jewelry in Montreal?

When you decide to sell estate jewelry, you'll find several options right here in Montreal. The best path for you really depends on what you're selling, how quickly you need the money, and how hands-on you want to be. You could walk into a trusted local buyer for a quick, fair offer, or you might consider an auction for a rare piece. Each option has its own process and potential outcomes, and what works for a vintage diamond ring might not be the best choice for a collection of gold coins.

Choosing the right venue is the most important step in getting a fair price for your valuables. Some places offer speed and convenience, while others might provide a higher return but require more time and effort. It’s helpful to understand the landscape before you make a move. Montreal has a vibrant market for valuables, with everything from family-run businesses that have been around for decades to modern online marketplaces. From specialized local dealers who know the market inside and out to broader online platforms, let's look at the most common places to sell your estate jewelry in the city. This will help you make an informed decision that feels right for you and your items.

Signature Gold Loans

For a straightforward and trustworthy experience, a reputable local buyer like Signature Gold Loans is often your best bet. With over 35 years of family-owned experience in Montreal, we provide a secure and personal environment for selling your valuables. Unlike pawn shops or anonymous mail-in services that can be risky, we offer expert evaluations and immediate payment. We handle everything from gold and diamonds to luxury watches and antiques, ensuring you get a fair market price from a team you can trust. Our goal is to make the process transparent and comfortable, so you can sell with confidence.

Local Jewelry Stores and Dealers

Montreal has a number of specialized jewelry stores and dealers who buy from the public. These shops can be a great option, especially if you have a specific type of item, like a high-end diamond or a designer watch. For example, some dealers focus on signed jewelry from brands like Cartier or Rolex. The key is to find a store with proven expertise in the kind of jewelry you're selling. Doing a little research to match your item with the right dealer can lead to a strong offer from someone who truly understands its value.

Auction Houses

If you have a particularly rare or historically significant piece, an auction house might be the right choice. Auctions can connect your jewelry with a wide network of collectors who may be willing to compete, potentially driving up the final price. However, this process is much slower than selling directly to a buyer. Auction houses also charge commissions and fees, which will be deducted from your final sale amount. This route is generally best for unique, high-demand items where the potential for a bidding war outweighs the need for a quick and certain sale.

Online Platforms

Selling your jewelry online opens you up to a global market, which can be appealing. However, it also comes with significant risks. It’s crucial to find a reputable platform and be cautious of scams. You'll be responsible for taking high-quality photos, writing detailed descriptions, and safely shipping the items. While online sales can be convenient, it can be difficult to get an accurate appraisal remotely. If you choose this path, be sure to prepare your items properly and thoroughly vet any potential buyer or platform before sending anything.

What Types of Estate Jewelry Can You Sell?

When you hear "estate jewelry," you might picture a treasure chest overflowing with royal jewels. The reality is much broader and includes any piece of jewelry that has been previously owned. You might be surprised by the variety of items that hold significant value. From a single gold coin to a collection of vintage brooches, different pieces are sought after for different reasons—some for their precious metal content, others for their brand name, and many for their unique history. Understanding what makes each category valuable is the first step toward getting a fair price. Whether you've inherited a few items or an entire collection, it’s worth exploring what you have.

Gold Jewelry and Coins

Gold is a classic, and for good reason. It’s one of the most consistently valuable materials you can sell. This includes everything from rings and bracelets to necklaces and even dental gold. Buyers are interested in gold of all karats, whether it’s 10K, 14K, 18K, or pure 24K. Don’t worry if a piece is broken or seems dated; its value is primarily based on its weight and purity. Gold coins, like Canadian Maple Leafs or American Eagles, are also highly sought after. Reputable buyers often work directly with gold processors, allowing them to offer you a better price because they handle large volumes and cut out the middleman.

Diamond Pieces

Diamonds are another cornerstone of the estate jewelry market. You can sell loose stones or diamonds set in rings, earrings, pendants, and bracelets. Many people assume that only large, flawless diamonds are worth selling, but that isn't the case. Buyers are often interested in a wide range of stones, including those over one carat, diamonds with older cuts like the Old European, and even stones that are chipped or damaged. While having official paperwork like a GIA certificate can certainly help establish value, you can still sell diamonds without it. An expert appraiser can assess your stone’s qualities and give you an accurate valuation.

Designer and Luxury Watches

If you have a luxury watch from a well-known brand, you could be holding a very valuable asset. Timepieces from iconic brands like Rolex, Cartier, Patek Philippe, and Omega are always in high demand due to their exceptional craftsmanship, brand prestige, and history. The value of a designer watch depends on its brand, model, age, condition, and whether you have the original box and papers. Even non-working watches can have value, as they can be repaired or used for parts. These pieces are often seen as investments, and collectors are always on the lookout for rare or vintage models to add to their collections.

Silver and Platinum Items

While gold often gets the spotlight, don't overlook the value of silver and platinum. Platinum is a dense and rare metal, often used in high-end engagement rings and other fine jewelry, making it quite valuable. Sterling silver items also have significant worth, especially in larger quantities. This category isn't limited to jewelry; it includes items like sterling silver flatware sets, tea services, trays, and candlesticks. When selling silverware, it’s important to know if it's sterling or silver-plated, as only sterling silver contains a high enough percentage of pure silver to have significant melt value.

Antique and Vintage Collections

Antique and vintage pieces are treasured for their history, craftsmanship, and unique character. Their value often goes beyond the raw materials they’re made from. Jewelry from specific eras, such as the intricate designs of the Victorian period or the bold geometry of the Art Deco movement, can be highly collectible. The market for these pieces can fluctuate with design trends, which can impact their current worth. Rarity, condition, and provenance (the piece’s history of ownership) all play a crucial role in determining the value of an antique or vintage item. A knowledgeable buyer can identify the period and unique characteristics of your pieces to provide an accurate appraisal.

What Determines Your Estate Jewelry's Value?

Figuring out what your estate jewelry is worth can feel like a mystery, but it doesn't have to be. The final value isn't just about the weight of the gold or the size of the diamond. It’s a blend of several key factors, from the materials used to the story behind the piece. Think of it like a puzzle—each element contributes to the complete picture of its worth. Understanding these components will help you set realistic expectations and feel more confident when you decide to sell. While a professional evaluation is the only way to get a truly accurate number, knowing what experts look for gives you a huge head start. Let's walk through the five main factors that determine the value of your treasured items.

Metal Content and Purity

The foundation of almost any piece of jewelry is its metal. The type of precious metal—like gold, platinum, or silver—and its purity are the starting points for valuation. For gold, purity is measured in karats. A 24-karat piece is pure gold, while an 18-karat piece is 75% gold mixed with other alloys. The higher the karat, the more valuable the metal content. You can usually find a small stamp, or "hallmark," on the jewelry indicating its purity. The value is also tied to the current market price of precious metals, which changes daily. A professional buyer will weigh your item and calculate its base value based on that day's rates.

Gemstone Quality and Certification

If your jewelry features gemstones, their quality is a major value driver. For diamonds, experts use the "4 Cs": Cut, Color, Clarity, and Carat weight. These same principles of quality assessment apply to other precious stones like sapphires, rubies, and emeralds. A bright, clear, well-cut stone will always be worth more than one that is cloudy or poorly shaped. If you have any paperwork for your jewelry, like a certificate from a reputable gemological lab, be sure to bring it. A report from an institution like the Gemological Institute of America (GIA) provides an unbiased assessment of your gemstone’s quality, which can significantly increase its value and your negotiating power.

Brand Reputation and Designer Names

Is your piece from a famous design house? Jewelry from renowned brands like Cartier, Van Cleef & Arpels, or Tiffany & Co. often carries a premium that goes far beyond the cost of its materials. When you have a signed piece from a luxury designer, you’re not just selling gold and gemstones; you’re selling a brand name known for its exceptional craftsmanship, history, and desirability. Collectors and buyers are often willing to pay more for the prestige and artistry associated with these iconic names. The original box and papers can also add to the value, so it’s always a good idea to keep them if you can.

Age and Historical Significance

The story behind your jewelry matters. Its age, style period, and history—also known as provenance—can make a huge difference in its value. An Art Deco brooch from the 1920s or a Victorian-era locket has historical and artistic value that a modern piece might not. These items are often sought after by collectors who appreciate the unique craftsmanship of a specific time. If the jewelry has a documented history, such as belonging to a notable person or family, its value can increase even more. Rarity is key here; a well-preserved, unique antique piece is often more valuable than a mass-produced modern one.

Current Market Conditions

Like any other market, the jewelry world has trends and fluctuations. The price you’re offered can be influenced by what’s currently in demand. For example, yellow gold might be more popular today than it was a decade ago, affecting its resale value. Certain designers or historical periods might also become more fashionable, driving up prices for those specific pieces. Selling during a market high versus a low can mean a significant difference in your final offer. An experienced local buyer will have their finger on the pulse of these trends and can give you insight into how current market conditions affect the value of your specific items.

How to Prepare Your Estate Jewelry for Sale

Taking the time to prepare your estate jewelry before selling it can make a real difference in the offers you receive. Think of it like staging a home for sale—you want to present each piece in its best possible light to showcase its true value and history. A little bit of prep work helps a potential buyer see the quality and potential of your collection, ensuring the entire process goes smoothly and you walk away feeling confident about the price you received. From digging up old paperwork to giving your pieces a gentle clean, these simple steps can significantly impact your final payout. By following this guide, you’ll be organized, informed, and ready to get the best possible offer for your treasured items.

Gather Certificates and Documentation

Before you approach a buyer, it’s a great idea to pull together any paperwork related to your jewelry. This includes original receipts, certificates of authenticity (like a GIA report for a diamond), and any previous appraisals. This documentation provides proof of what you have and helps establish its provenance, which can be a key factor in its value. If a piece has been in your family for generations, any stories or historical information you have can also add to its narrative. Providing a buyer with a complete file shows that the jewelry has been cared for and helps them make a confident and accurate offer.

Clean and Present Your Pieces

First impressions matter, even for jewelry. Gently cleaning your pieces can remove years of dust and grime, revealing their original sparkle. For most items, a soft-bristled toothbrush with mild soap and warm water will do the trick, but be sure to research the safest cleaning methods for specific gemstones and metals. When you present your jewelry, handling it with a soft cloth shows that it’s been well-maintained. This simple act of care can increase a buyer’s confidence and demonstrates that you value what you’re selling, which often translates into a better offer.

Get a Professional Appraisal

One of the most common mistakes people make is selling jewelry without knowing its true worth. Getting a professional appraisal from a certified expert gives you a clear, unbiased assessment of your items' value. An appraiser will examine the quality of the metals and gemstones, note any designer marks, and consider the overall condition. This step is crucial because it provides you with a realistic expectation and a solid baseline for negotiation. Without an accurate assessment, you risk accepting an offer that is far less than what your pieces are actually worth.

Take Quality Photographs

Whether you're selling online or simply creating an inventory for your records, clear photographs are essential. You don’t need a professional camera; a smartphone can work perfectly. The key is to use good, natural light against a plain, neutral background to make the jewelry stand out. Take photos from several angles, including close-ups of any important details like hallmarks, engravings, or unique features on the gemstones. High-quality images not only document your collection but also help potential buyers see the fine details that make each piece special.

What to Expect When Selling Jewelry in Montreal

Selling a piece of estate jewelry can feel like a big step, especially if it holds sentimental value. Knowing what the process involves can make it feel much more manageable and ensure you have a positive experience. When you work with a reputable buyer in Montreal, the journey from evaluation to payment is typically straightforward and transparent. You’re not just handing over an item; you’re engaging in a professional service designed to assess its true worth.

The process generally follows a clear path. It starts with an initial consultation where you introduce your piece to the buyer. Next comes a detailed, professional appraisal to determine its market value. After that, you’ll present any documentation you have to support its authenticity and history. Finally, once you agree on a price, the transaction is completed, and you receive payment. Each step is designed to protect both you and the buyer, ensuring a fair and honest exchange. A trustworthy expert will walk you through everything, answer your questions, and never pressure you into a decision. The goal is for you to feel confident and satisfied with the outcome.

The Initial Evaluation and Consultation

Your first step is to simply reach out. Most reputable jewelers make it easy to start the conversation. You can typically visit their website to fill out a contact form or find their number to schedule a private appointment. This initial consultation is a no-pressure meeting where you can show the expert your jewelry. They will perform a preliminary inspection to get a general idea of what you have. This is your chance to ask questions about their process and what they look for. Think of it as an introductory chat to see if it’s a good fit. A good buyer will make you feel comfortable and respected from the very first interaction.

Professional Appraisal Procedures

This is where the real details come to light. A professional appraisal is the most critical step in determining what your jewelry is worth, and skipping it is a common mistake that can cost you money. An expert appraiser will carefully examine every aspect of your piece, including the metal’s purity, the quality of the gemstones, the craftsmanship, and its overall condition. For diamonds, they’ll look at the 4Cs: cut, color, clarity, and carat weight. A trustworthy buyer will often conduct this appraisal process right in front of you, explaining what they’re seeing and how it affects the value. This transparency is a hallmark of a reliable jewelry buyer.

Required Documentation

Before you head to your appointment, take a moment to gather any paperwork related to your jewelry. This can make a significant difference in the final offer. Documents like original sales receipts, certificates of authenticity (such as a GIA certificate for a diamond), and previous appraisal reports all help establish your item’s provenance and quality. Even a little bit of family history or a story about the piece can add to its character. Providing this information helps the buyer accurately assess your jewelry’s value, ensuring you receive the most competitive and fair price possible. It’s all about building a complete picture of your item’s history and worth.

Payment Methods and Timelines

Once you and the buyer have agreed on a price, the final step is payment. A key advantage of working with an established, local jewelry buyer is the speed and simplicity of the transaction. You shouldn’t have to wait weeks to get your money. Reputable buyers in Montreal promise to provide the best possible prices and typically offer immediate payment upon accepting the offer. You can usually choose your preferred payment method, whether it’s a company check, e-transfer, or cash. The entire process is designed to be efficient and secure, allowing you to walk away with confidence and your payment in hand the very same day.

How to Get the Best Price for Your Estate Jewelry

Selling your estate jewelry is a personal process, and you deserve to get a price that reflects its true worth. Securing the best offer isn't about luck; it's about being prepared. With a little bit of strategy, you can approach the sale with confidence and walk away feeling good about the transaction. It comes down to doing your homework, presenting your pieces well, and knowing how to have a productive conversation with a potential buyer. Many people feel intimidated by the process, worrying they might not get a fair price or will be taken advantage of. But by taking control of the situation, you can ensure a positive outcome. The key is to focus on what you can control: your knowledge, your presentation, and your approach to the sale. This means looking beyond just the item itself and considering the context of the sale. Are gold prices high right now? Have you spoken to more than one expert? Is your piece clean and accompanied by its original paperwork? These small details add up to create a much stronger negotiating position for you as the seller. By comparing offers, understanding market timing, perfecting your presentation, and being ready to negotiate, you put yourself in the driver's seat. These steps aren't complicated, and they can make a significant difference in the final offer you receive.

Compare Multiple Offers

The first offer you receive might be a good one, but you won't know for sure until you have something to compare it to. Gathering cash offers from a few different reputable buyers is one of the smartest things you can do. This process helps you establish a clear understanding of your jewelry's current market value and gives you a solid baseline. Visiting a few trusted specialists in Montreal will give you the confidence that you’re making an informed decision. Think of it as research—you’re simply collecting the data you need to secure a fair price. A trustworthy buyer will respect that you’re doing your due diligence and will be transparent about how they arrived at their offer.

Understand Market Timing

The jewelry market is dynamic, with prices for precious metals and gemstones that can change daily. Gold, platinum, and diamond values are influenced by global economic factors, and these fluctuations and trends can impact the value of your pieces. For example, selling when gold prices are at a peak can significantly increase your offer. It’s wise to pay some attention to these market conditions before you decide to sell. Beyond commodities, consumer tastes also play a role. A vintage style that’s suddenly back in fashion might fetch a higher price today than it would have a few years ago. Being aware of these factors helps you choose the right moment to sell your jewelry.

Perfect Your Presentation

First impressions matter, even with jewelry. While a professional appraiser can see the intrinsic value of a piece, presenting it well shows that it has been cared for. Before your appointment, give your items a gentle cleaning with a soft cloth to remove any dust or fingerprints. It’s also a great idea to organize any original boxes, certificates of authenticity, or previous appraisals you might have. Handling your jewelry carefully during the evaluation—perhaps with a cloth or gloves—also demonstrates its importance to you. This level of care and organization signals to the buyer that you are a serious seller who values your items, which can contribute to a smoother and more positive experience.

Know How to Negotiate

Negotiation doesn't have to be intimidating. Think of it as a conversation to reach a price that both you and the buyer feel good about. The key is to be prepared. Having done your research and gathered multiple offers, you’ll already have a strong sense of your jewelry’s value. This knowledge is your greatest asset. It’s also important to have a minimum price in mind and be willing to walk away if an offer doesn't meet your expectations. A reputable buyer will make a fair offer based on market value, creating a transparent starting point for the discussion. Patience is also crucial; don’t feel rushed to make a decision on the spot.

Common Mistakes to Avoid When Selling Estate Jewelry

Selling estate jewelry can feel overwhelming, especially when sentimental value is involved. It’s a process where a little preparation goes a long way. The goal is to honor the history of your pieces while getting a price that reflects their true worth. Unfortunately, many sellers make preventable mistakes that cost them money and peace of mind. From jumping at the first offer to accidentally damaging a piece by trying to "fix it up," these common missteps can turn a positive experience into a regretful one.

The world of jewelry sales doesn't have to be intimidating. By understanding a few key pitfalls, you can approach the process with confidence. Think of it as doing your homework before a big test—it equips you with the knowledge to make smart, informed decisions. We’ll walk through the most frequent errors we see so you can avoid them and ensure you get the best possible outcome for your treasured items.

Accepting the First Offer

When you receive a cash offer for your jewelry, it’s tempting to accept it and move on. However, one of the biggest mistakes you can make is taking the first price you’re quoted. Sellers often feel pressured to make a quick decision, but you’re under no obligation to sell on the spot. The first offer is just a starting point for a conversation. To get a real sense of your jewelry's true market value, it’s wise to get opinions from at least two or three different buyers. This allows you to compare offers and gives you the confidence that you’re receiving a fair price, not just a convenient one.

Misidentifying Your Jewelry

You might be surprised by what’s hiding in your jewelry box. An old ring you thought was costume jewelry could contain a valuable gemstone, or a simple-looking brooch might be a signed piece from a famous designer. Sellers often misidentify their own jewelry, which almost always leads to undervaluing their pieces. This is why a professional opinion is so important. Before you sell, having an expert conduct a proper appraisal is crucial for understanding exactly what you have. An appraiser can identify the materials, craftsmanship, and any historical significance that contributes to its value, ensuring you don’t unknowingly part with a treasure for a fraction of its worth.

Over-Cleaning or Altering Pieces

Your first instinct might be to polish every piece until it sparkles, but please resist the urge! Over-cleaning, repairing, or modifying estate jewelry can significantly diminish its value, especially with antique items. Aggressive polishing can remove the natural patina—the soft sheen that develops on a metal's surface over time—which is highly prized by collectors as a sign of authenticity and age. Similarly, replacing an original stone or changing a setting can erase the piece's historical integrity. It’s best to simply wipe items gently with a soft, dry cloth and let a professional buyer determine if any further cleaning is needed.

Choosing an Unreliable Buyer

Who you sell to is just as important as what you sell. Selling to an unreliable or inexperienced buyer can lead to a disappointing and frustrating experience. Some buyers, like certain pawn shops or "cash for gold" pop-ups, may only evaluate an item based on its melt weight, completely ignoring the value of its design, gemstones, and craftsmanship. It's essential to find a reputable jewelry buyer with a strong local presence and a history of positive reviews. A trusted expert will evaluate the full value of your pieces and provide a transparent, no-pressure explanation of their offer, ensuring you feel respected throughout the entire process.

How to Choose a Reputable Jewelry Buyer

Selling estate jewelry can feel a bit overwhelming, especially when you want to be sure you’re getting a fair price. The key is finding a buyer you can trust. A reputable buyer will be transparent, knowledgeable, and make you feel comfortable throughout the process. Taking a little time to vet your options will give you peace of mind and help you get the best possible value for your pieces. Think of it as finding a partner who respects both you and the history of your jewelry.

Professional Credentials and Certifications

When you’re looking for a buyer, check for professional credentials. Do they have certified gemologists on staff? Experts with certifications from respected institutions like the Gemological Institute of America (GIA) have the training to accurately assess the quality of your diamonds and gemstones. This expertise is crucial because a proper appraisal is the only way to know what your jewelry is truly worth. Without an accurate assessment, you risk selling your pieces for less than their value. A qualified professional can identify the nuances that determine a piece’s price, from the cut of a diamond to the rarity of a gemstone.

Transparent Pricing

A trustworthy buyer will be open about how they determine their offer. They should be willing to walk you through their evaluation process, explaining the factors that contribute to the price. Be wary of anyone who gives you a quick offer without a thorough inspection or explanation. Reputable jewelers aim to provide fair market prices based on the actual value of your jewelry, not just the scrap weight of the gold. They’ll consider craftsmanship, brand, and gemstone quality. This transparency ensures you understand the offer and feel confident in your decision.

A Strong Reputation and Positive Reviews

Before committing to a buyer, do a little homework. A quick online search can tell you a lot about a business. Look for customer reviews on platforms like Google or Yelp to see what others have experienced. A long-standing business with a history of positive feedback is usually a safe bet. Many sellers overlook this step, but researching a buyer's reputation can help you avoid potential issues. A strong, positive presence in the community shows that a buyer is committed to fair practices and has earned the trust of its clients over time.

Local Experience and Presence

There’s a real advantage to working with a local buyer who has a physical presence in your community. An established storefront you can walk into provides a level of accountability and comfort that online-only buyers can’t match. A local expert with years of experience in the Montreal market will have a deep understanding of current trends and pricing. Choosing a family-owned business like Signature Gold Loans means you’re working with people who have built their reputation over decades and have a genuine stake in treating their clients well. It’s about more than just a transaction; it’s about building a trusted relationship.

Related Articles

• Why Montrealers Are Selling Their Gold to Signature Jewelers

• Sell Jewelry in Montreal | Trusted Local Jewelry Buyer

• Where to Sell Gold Coins in Montreal for Top Dollar

• Why More Montrealers Are Selling Their Gold to Signature Jewelers

Frequently Asked Questions

Do I need an appointment to have my jewelry looked at? While you can certainly schedule a private appointment, most reputable buyers in Montreal welcome walk-ins. The best approach is to give them a quick call beforehand to see what their process is like. This ensures someone will be available to give your pieces the attention they deserve without you having to wait.

What if I don't have any original paperwork for my jewelry? Can I still sell it? Absolutely. While original certificates and receipts are helpful, they are definitely not required. Many people inherit jewelry without any documentation. A professional appraiser has the expertise and tools to evaluate your pieces based on their own merit, assessing the quality of the metals and gemstones to determine their true market value.

Is it worth bringing in jewelry that's broken or out of style? Yes, it's always worth it. The value of many pieces, especially those made of gold, silver, or platinum, is based on their precious metal content, not their condition or style. A broken gold chain or a single earring has real value. An expert can assess every item you have and will tell you honestly what is worth selling.

How long does the entire process take, from evaluation to payment? When you work with an established local buyer, the process is surprisingly quick and efficient. A thorough evaluation can take a bit of time depending on how many items you have, but it's often completed during your visit. If you decide to accept the offer, you can typically expect to receive payment on the spot, usually on the same day.

I have an inherited piece I'm not ready to part with. Are there other options besides selling? This is a very common feeling, and you have options. If you need funds but can't bear to sell a sentimental piece, you might consider a collateral loan. This allows you to use the jewelry's value to secure a short-term loan without giving up ownership. Once the loan is repaid, your treasured item is returned to you.