New to Jewelry liquidations, looking for ways to ensure that all parties involved will be satisfied.

[buddybroker]

I am basically a broker for overstocked merchandise. I am trying to liquidate jewelry for a customer but I have never liquidated jewelry before, normally I ship from seller to buyer and give the buyer 5 business days to inspect goods for gross misrepresentation to allow for refund and return of merchandise. In the case of diamonds and jewelry I need to protect against any switching of merchandise. I am thinking of having a third party appraisal but who should pay for that, who is trusted, where is the merchandise stored during this verification and negotiation process, should this be done before or after the deal is made.

 

[RockDoc]

Date: 8/14/2006 7:14:08 PM
Author:buddybroker
I am basically a broker for overstocked merchandise. I am trying to liquidate jewelry for a customer but I have never liquidated jewelry before, normally I ship from seller to buyer and give the buyer 5 business days to inspect goods for gross misrepresentation to allow for refund and return of merchandise. In the case of diamonds and jewelry I need to protect against any switching of merchandise. I am thinking of having a third party appraisal but who should pay for that, who is trusted, where is the merchandise stored during this verification and negotiation process, should this be done before or after the deal is made.

There are some well respected appraisers here on PS that would offer that service to your potential customers.

Ship the stone to the appraiser to get it checked out, if they want the service, and if after getting it checked out they are satisfied they pay you and the appraiser ships it to them. If they don''t it gets shipped back to you.

The customer pays for the service and the shipping.

The consumer feels safe, cause he doesn''t have to pay for the item till after its inspected. Some of us have Gemprint that could verify if it is the same stone if you need this assurance from the appraiser.

Rockdoc

 

[oldminer]

Independent appraisers can assist you. In volume work, the fees can become very reasonable, but not everyone is accustomed to doing large groups of items. You are taking a huge risk at the momment you accept delivery to you from a claim that you switched stones. Liquidation of goods is a great business but full of problems of liability.