Last Updated on 20th April 2021
If you love collecting jewellery, it’s not easy for you to let go of a piece. Each one has a story, and you want to keep the entire collection. However, there are instances when you have to let go of some pieces. These are some of them.
You have an emergency
If you need money to pay for medical emergencies, you have no choice but to sell your jewellery. These pieces become more valuable over time. The item you intend to sell might be way more valuable than the amount spent to buy it. You have to let go since paying for the medical bills and saving the life of your loved one is more important.
You need to pay your loans
If you have outstanding loans, you should sell your jewellery and finish your obligations right away. You can’t let these loans keep going. Otherwise, you will end up paying more for interest and penalties. You may ask your creditor to reconsider the total amount, but your savings won’t suffice. Sell some pieces of jewellery to end your financial burden.
Your jewellery is now much more valuable
Each day, jewellery value changes. For instance, the value of gold goes up or down depending on the economic situation. If you think that the value is way higher, you have to sell. It’s the best way to make money out of the item you already have. Grab the chance before things change.
You’re ready to let go
Again, if you love collecting jewellery, it’s not easy to select which item to sell. It’s like getting asked which of your children you have to leave behind. However, if there are pieces that you grew out of, you can sell them. You may also include pieces that you no longer like because you had problems with the person who gave them. If you want to let go, you can sell you jewellery and can make money out of it. Keep the pieces that are meaningful to you, and be sure to use a trusted jewellery selling platform like Gemesti for those items you do decide to part with.
You’re running behind on payments
Be responsible for paying your monthly bills. You have to be smart in budgeting your money. However, even if you try to be responsible, there are instances when you can’t keep up. Once you delay the payments once, you will incur more penalties. Before you know it, you’re only paying the charges, and the principal amount stays the same. Keeping up becomes impossible. Therefore, it helps if you sell a valuable piece of jewellery to end your problems. You can start over again and not face another situation where you have to let go of your jewellery. It might be difficult to accept now, but you will get over it.
You’re lucky that you decided to collect jewellery pieces. In times of need, you can count on them. You may continue investing in jewellery in the future if you have enough money to do it. If you encounter another financial stumbling block, you can rely on these pieces.