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CONSIGNMENT PROGRAM

What We Provide

  

Krikawa provides a safe and secure outlet to sell your fine pre-owned jewelry on consignment for up to one year. During the consignment period, your jewelry will be displayed on our website for thousands of potential buyers. Prior to listing your item for sale, we provide refurbishing services to bring your jewelry to "showroom condition" and may also arrange independent appraisal services to determine current market replacement value.

Our program is consignment in nature. It is not a direct purchase or a "buy back" program. Here's the difference: Direct buyers will acquire your pre-owned pieces by paying you upfront. Direct buyers include pawn shops, estate buyers, and consumer-to-consumer reselling sites. Instead, we are a consignee, and use our efforts to present and sell your item on your behalf. In return for our services we will receive a percentage of the item sold. With consignment, you are not paid until your item sells.

What We Accept

  

We consign Krikawa-made jewelry items in "good or better" condition. Our decision to accept your jewelry on consignment, considers its potential for resale, determined by condition, popularity of style, degree of customization, and our experience about what is likely to sell. Although we see great value in buying a pre-owned engagement ring or wedding band, there is an unwarranted stigma associated with previously used relationship jewelry. So, please do not be offended if we do not accept your consignment or if it does not sell. If we do not consign your jewelry, then consider having it resized for your right hand or redesigned.

  

Selling Price for Pre-Owned Jewelry

 
Krikawa sets the advertised price for your estate jewelry at 20% below Current Replacement Value. Several factors are considered in this determination, including current metal prices, quality and value of diamonds and gemstones, and relevancy of style. In some instances, Current Replacement Value may be less than what you originally paid.
 

Consignment Period

 
In order to maximize a successful outcome, we require a minimum six month commitment to sell your jewelry. At the end of this period, we can review listing options. If your jewelry has not sold at the end of twelve months, however, we will remove the listing and return your jewelry to you.
 

Documentation Needed

 
A copy of your purchase invoice and any independent appraisal reports you may have are relevant and helpful. If any other jeweler has worked on the jewelry, more than a steam cleaning, then copies of all documents showing the work done is also necessary. If your diamond or gemstone is certified, then the original stone certification is required when you send your item in for evaluation. The original certification is kept secure until your item sells (we give it to the new owner) or the consignment concludes (we return the certification to you).
 
 

Our Fees

 
We will evaluate your jewelry free of charge to assess its condition and potential for resale. We will provide you with a quote for refurbishing work to bring the piece to saleable condition. We collect the refurbishing fee upfront and complete the necessary work prior to listing. If you decline the quote, your item is returned to you.

When your item sells, Krikawa retains a consignment fee of 25% of the selling price, which is fair and reasonable. You will receive 75% of the selling price within twenty days after your jewelry is sold, to accommodate our return policy.
 
Please click this link to our Forms page to find the Consignment Agreement  and Detailed Shipping Instructions for Shipping Your Jewelry.
 
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