Estate Jewelry | The Consignment Gallery | New Hampshire

Jewelry consignment is a business arrangement in which a jewelry owner (the consignor) partners with a jewelry store or consignment shop (the consignee) to sell their jewelry on a commission basis. This method allows individuals to sell their jewelry without the need to create their own retail space or invest in inventory. Here's how jewelry consignment typically works: Agreement: The consignor and the consignee agree on the terms and conditions of the consignment arrangement. This includes the commission rate (the percentage of the sale price that the consignee will retain), the consignment period (how long the jewelry will be displayed for sale), and any other specific terms. Evaluation and Pricing: The consignee assesses the jewelry's quality, condition, and market value. They may provide guidance on pricing, but the final pricing decision is often made in consultation with the consignor. Display: The jewelry is displayed in the consignment store, often alongside other jewelry items. It may be showcased in a designated section or on consignment racks or display cases. Marketing and Promotion: The consignee typically markets and promotes the consigned jewelry to potential buyers, either through in-store promotions, online platforms, or a combination of both. Sales: When a piece of jewelry is sold, the consignee processes the sale, deducts the agreed-upon commission, and provides the consignor with their portion of the proceeds. Payment: The consignor is typically paid periodically (e.g., monthly) for the sales of their consigned jewelry. Payment may be made by check, bank transfer, or in accordance with the consignment agreement. Unsold Items: At the end of the consignment period (or as stipulated in the agreement), unsold jewelry may be returned to the consignor or remain on consignment, depending on the consignor's preference. Renewal or Termination: If the consignment period is nearing its end, the consignor and consignee can decide whether to renew the consignment agreement or discontinue it. Jewelry consignment can benefit both the jewelry owner and the consignment shop. Owners can gain exposure for their jewelry without the overhead costs of maintaining a retail store, and consignment shops can diversify their inventory with unique pieces. It's important for both parties to have a clear, written agreement that outlines all terms and conditions, including pricing, payment schedules, and the consignment period. Additionally, consignors should ensure their jewelry is adequately insured during the consignment period to protect against loss or damage. Visit our website for more details https://www.consignmentgallery.com/estate-jewelry/