Estate Jewelry | The Consignment Gallery | New Hampshire

Jewelry consignment is a business arrangement where a jewelry owner (consignor) entrusts their jewelry to a third party (consignee), typically a jewelry store or gallery, to sell on their behalf. Here's how the process typically works: Agreement: The consignor and consignee agree to the terms and conditions of the consignment. This includes details such as the length of the consignment period, the commission the consignee will earn on each sale, and the pricing strategy for the jewelry. Inspection and Appraisal: The jewelry is inspected and appraised to determine its quality, condition, and value. The consignee may recommend pricing based on market trends and the jewelry's characteristics. Display: The consignee displays the jewelry in their store or gallery, making it available for potential buyers to see and purchase. Marketing: The consignee is responsible for marketing the consigned jewelry to attract potential buyers. This may include advertising, online listings, and promotion within the store. Sales: When a piece of jewelry is sold, the consignee records the sale and deducts their commission from the sale price. The remaining proceeds are paid to the consignor, typically on a regular basis (e.g., monthly). Return of Unsold Items: At the end of the consignment period (or as specified in the agreement), any unsold jewelry is returned to the consignor. The consignee may charge fees for items not sold during the consignment period, so it's essential to clarify these terms in advance. Renewal or Termination: If both parties are satisfied with the arrangement, they may choose to renew the consignment agreement. If not, the consignor may retrieve their unsold jewelry. Jewelry consignment can be beneficial for both the consignor and consignee. Consignors can access a broader customer base and professional sales expertise without having to maintain their own storefront. Consignees benefit by having a diverse inventory to attract customers and earn commissions.https://www.consignmentgallery.com/estate-jewelry/