Selling advice....consignment? Who is NB?

[erislynn]

Hi, fellow PSers! Can anyone with personal experience tell me what they know about consigning with GOG or JBG? I've looked into their websites and understand the basics, but would appreciate personal anecdotes about the level of attention you got, communication with the vendor, duration of sale, and how easy it was to get paid. I had thought about loupetroop too but this is probably not a sale most people would do privately.

Also, the name Neil Beaty has come up in my searches. I understand he is an appraiser, but does he offer escrow service? Any info would be helpful.

What I'm selling is my beloved ACA. It's about 1.5 ct high color. My husband thinks I'm crazy to do this after how happy I've been with it, but moving onto home ownership is more important right now.

 

[arkieb1]

Loupetroop and then use someone like Neil as an intermediary or if that is too difficult Grace's fees used to always be cheaper on consignment than GOG, but GOG has more people looking for modern cuts in general than Grace does. I'd probably try Loupetroop first.

 

[soxfan]

I'd definitely try LT first.

 

[vintagelover229]

Love affair of diamonds has a very reasonable fee for consignment. If loupetroop fails, I would try there first.
http://www.loveaffairdiamonds.com/consignment-services/

 

[erislynn]

Thank you for the suggestions, arkieb1, soxfan, and vintagelover229! I would like LT to work out, if I can find out how Neil works as an escrow. Anyone with personal experience?

 

[MarionC]

I sold a ring to a fellow PSer using Loupetroop. The buyer had me mail the ring to Neil. He appraised it for her. Then she sent me the money, and Neil sent her the ring. It was a seamless transaction.

 

[malish985]

I sold a ring to a fellow PSer using Loupetroop. The buyer had me mail the ring to Neil. He appraised it for her. Then she sent me the money, and Neil sent her the ring. It was a seamless transaction.

Just wondering what kind of cost is associated with using someone like Neil? Thanks

 

[denverappraiser]

I’m pretty easy to find.

In general, for this sort of transaction there’s an appraisal involved (on behalf of the buyer), some shipping/insurance fees, and an escrow fee for handling the money. That’s about it. If you and the buyer want to do the money yourself it’s just an appraisal and shipping/insurance. It's not so unusual for the buyer to want some additional services after the deal, like laser inscriptions, Gemprint, interacting with a 3rd party setter and so on, but none of those things have to do with the seller.

 

[yennyfire]

If you decide to go the consignment route, I'd go with Erica at Love Affair Diamonds. Several folks (me included) have had some issues consigning with Grace at Jewels by Grace lately.

 

[lalala]

If you post on LT you can share the link here on preloved PS. It's the perfect time of year!