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Who would not like a little extra cash especially during times of emergencies? For instance, you may have an aged relative in the hospital and the treatment is costing you big time with hospital fees, doctor's charges and so on. Slowly, your finances will be drained if the treatment is required for a long term basis. During this time, you may have to borrow cash from friends or acquaints.

What if you did not have to run from person to person asking for cash? What if you had a lucrative source of income right in your own house? You must have old and unused jewelry belonging to your mother or grandmother at home, which is simply cluttering your cupboard. Instead of looking for money from other sources, you can simply get the cash by selling off the jewelry.

There are quite a few brokers in the market who offer cash for jewelery. You can easily sell gold, diamonds, platinum or silver jewelry and get solid cash in return. However, make sure that you check the percentage of the gold or silver in the jewelry by looking at the documents accompanying the jewelry. If you can not track down the documents, you can always get the jewelry appraised by a certified gemologist.

Conducting research about the current prices of gold, diamonds, and silver will also help you to find out how the calculations are done, ie the formula that is used to decide the amount of cash that will be given to you. Thus you will be able to strike a better deal and get the true value for the jewelry. It is advisable not to approach any local jewelry shops, as they will quote a diminished value based on the wholesale price.

There are plenty of firms that buy old, unused, and broken jewelry, so if you want to sell a diamond ring in exchange for some quick money, then they are the ones which you should approach. Just make sure that they are offering you the correct price and are not offering you a sum, which is way less than the current market value. This is where the research about the formula will prove to be a huge help. You will come to know whether the deal is profitable or not. Is not this method better than running around here and there? All you need to do is sell off the broken and old jewelry and in return you earn a good sum as well.

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Source by Carl K Hack