How to Save Money by Buying Jewelry Online

Buying jewelry can be a personal and exciting experience. Since jewelry is something that you wear on your person, it should be an extension of your personality and a way to show off your personal style and taste. Buying jewelry can, however, be expensive and, in the process, you may want to do everything within your power to save money. Let’s take a look at some ways you can save money by buying jewelry online.


Skip the Chain Stores

Chain stores usually sell jewelry at a very high markup. According to some sources, the markup on jewelry in chain stores can be as high as 600%. When you buy online, you buy from a business that most likely doesn’t have high overhead costs in terms of rent, salaries, and electricity bills. This means that their overall input costs are lower and that there is a big chance that you are not paying more than you have to. When you do buy online, make sure that the seller has a return policy in place and that they are reputable.


Online Auctions

Online auctions from reputable stores like ItsHot can be a good way to save money when you are buying online. Before taking part in an online auction, make sure that the seller is reputable. You can do this by reading reviews and searching the store on consumer sites for bad or good reviews. If there are people that didn’t have a good experience with the store, stay away from the auction.


Don’t Buy New

The jewelry you buy doesn’t have to be new. Pieces that were pawned or put up for consignment can still have a beautiful design and high value without the high price tag. Many times, you be able to score a sweet deal by only shopping for second-hand jewelry, especially if the pieces are in a good condition.


Buy During Sales

A great way to save money when buying online is to shop when there is a sale. Usually, after big commercial events like Christmas, dealers are trying to get rid of their stock. Since the supply is bigger than the demand during these times, you may be able to get some serious discounts. In order to take part in these sales, it is important that you do some planning to ensure that you have enough money to spend after Black Friday sales or the Christmas shopping season. Also, so some online research to find the best times for jewelry sales.


Consider Diamond Alternatives

By choosing precious metals other than diamonds you can also save a lot of money. Diamonds are usually sold at a higher markup, while other high-value stones are typically sold at a price that is closer to market value. When your jewelry that is not fitted with diamonds, it doesn’t mean that you to settle for cheap knock-offs. It simply means that you buy high-value jewelry at the right price and that you save more money.


Disregard Size

Instead of getting hung-up on size, rather pay attention to the clarity, color, and cut of the jewelry pieces. Larger stones or metals may have flaws, which can lower the value of a specific piece. Also, jewelers know that their clients may favor size and because the demand is higher, the price of these larger pieces increases. One of the best things you can do is to do some research to learn what it is that determines a specific stone’s value. When you are armed with information, you will be able to recognize the high-value items and, therefore, the best buys.

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