If you ever find yourself in a pinch for some quick cash, it can be tempting to rely on a big online marketplace to make a fast jewelry or watch sale. While options like eBay and Craigslist can be a great channel for certain goods, they’re certainly not ideal for all high-end sales and purchases. This is especially true if you find yourself interested in selling highly valuable pieces of jewelry, watches, or other luxury items. Whatever the reason may be, you want to make sure that you get the most out of your sale without falling victim to scammers or flat out criminals. Here are a few reasons why you shouldn’t trust outlets like eBay and Craigslist the next time you’re looking to part with your precious jewelry.

The Risk of Robbery

One of the most appealing aspects of conducting business on Craigslist is the chance to meet buyers and sellers in person. Face to face transactions can be secure, reassuring, and rewarding, but only under the right circumstances. Unfortunately, Craigslist has a pretty bad track record when it comes to the safety and security of “off the books” business deals. It goes without saying that armed robbery is probably the last situation you’d like to face when carrying loads of fine jewelry and watches while meeting strangers in parking lots. You want to be certain that the person you’re dealing with is legitimate and with Craigslist, it’s very difficult to make these kinds of assurances.

Theif getting away with your money

Theif getting away with your money

Ebay Switch Scammers

Comprehensive seller protection is one of the most reassuring features eBay offers to their users today, but it isn’t provided on all transactions. There have been previous cases involving sellers shipping diamonds and high-end jewelry without authenticity paperwork or appraisals. While this isn’t exactly prudent, authentic jewelry can be maliciously altered by the buyer with fake diamonds and returned to the seller with an accompanying SNAD (Significantly Not As Described) complaint. This can result in a huge financial loss on top of being a massive waste of time after taking the necessary steps to remedy the situation with eBay and PayPal. In the end, more likely than not, the scamming buyer keeps the diamond and you’re stuck with scrap metal.

Fakes and Counterfeits

Here’s the bottom line— eBay and Craigslist serve as the most popular platforms for scammers dealing with fakes. Skip this kind of issue altogether and deal with a trusted and reputable dealer when deciding to sell your luxury jewelry and watches. These items are far too valuable to take the risk and at the end of the day, safety and security should be your top concern.

Selling to Gray & Sons is a safe, secure, and highly personalized experience. We know how important it is that you get the most out of your jewelry sale and we value transparency every step of the way, so you never have to worry about fraudulent activity. Don’t risk it by going to other selling platforms. The choice can literally be a life or death decision. Take the stress out of your next jewelry sale and go with Gray & Sons. Stop by our showroom, speak with our jewelry experts, or submit a quick quote form to see what you can get for your jewelry.

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The Purchasing & Consignment Division of Gray & Sons