Local guide · New York

Sell Your Jewelry in Larchmont, NY

A clear-eyed comparison of the three resale channels open to Larchmont, New York sellers.

Updated July 31, 2026 · Pop. 6,567

Today’s spot prices
Gold (24K)
$4,164.30 /oz
Silver
$59.33 /oz
Platinum
$1,666.30 /oz
Where to sell in Larchmont

Three channels — pick the right one

Local pawn shops

Best for: Fast cash, gold by weight

In Larchmont, pawn shops are licensed under New York’s statute, verify ID, and require a 30-day holding period before resale. Typical offer: 40–60% of retail. Best under $1,500.

Certified jewelers & estate buyers

Best for: Diamonds > 0.5ct, signed pieces

Local jewelers in Larchmont pay 50–70% of retail. Estate specialists may pay 70–85% for verifiable provenance (Tiffany, Cartier, Van Cleef). Free in-person appraisals.

Online buyers (insured mail-in)

Best for: Anything over $500 — highest offers

Online buyers pay 15–30% more than local Larchmont options. Free insured FedEx kit, evaluation in 2–5 business days, free return if you decline.

New York resale law

Know your rights

Jewelry sales tax4.00%
Gold bullion taxExempt
Pawn holding30 days
Pawn licenseYes
PM dealer permitRequired
Photo ID requiredYes
New York: Bullion >$1,000 exempt (NYC adds 4.5%). NYC pawnbrokers licensed by DCWP; PMD dealers strictly regulated, all transactions reported.
Pricing guide

What to expect in Larchmont

Engagement Ring (1ct diamond)

Retail: $5,000–$8,000

Local resale: $1,500–$3,000
Online buyers: $2,500–$4,500

14K Gold Chain (1 oz)

Melt @ 2,428/oz pure gold

Pawn shop: $1,335–$1,699
Online buyers: $1,942–$2,234

Rolex Submariner

Retail: $9,000–$14,000

Local jeweler: $5,500–$8,500
Watch specialist: $7,000–$11,000

Tiffany Estate Necklace

Retail: $2,000–$5,000

Pawn shop: $300–$700 (gold weight)
Estate buyer: $1,200–$3,500 (provenance)

FAQ

Selling jewelry in Larchmont — common questions

What is the best company to sell jewelry to from Larchmont?
For diamonds and luxury watches over $1,000, online specialists like Worthy, WP Diamonds, and CIRCA tend to deliver the highest offers because they auction to a network of certified buyers globally. For gold by weight and pieces under $500, a licensed local pawn shop or gold buyer in Larchmont delivers faster cash with comparable per-gram pricing. For estate or antique jewelry, auction houses (Sotheby's, Christie's, Heritage) consistently outperform retail buyers.
Are pawn shops in Larchmont legit for selling jewelry?
Most are. In New York, pawn shops must hold a state license, verify your photo ID, weigh items on calibrated scales, and provide written receipts. Look for the state license posted at the counter. The trade-off versus other channels: pawn shops pay 40–60% of retail because their resale model requires fast turnover. They are best for instant cash on low-to-mid value pieces.
How does Worthy compare to a local jeweler in Larchmont?
Worthy auctions your piece to a network of certified jewelry buyers, typically yielding 15–30% more than a local Larchmont retail buyer for diamonds over 1 carat. Local jewelers in Larchmont offer instant in-person evaluation; Worthy adds 5–7 days for kit delivery, shipping, and auction. For pieces under $500, a local jeweler is usually faster and pays similar net.
What proof do I need that my diamond is real?
The gold standard is a GIA or AGS diamond grading report. Without one, expect a 20–40% discount because buyers must defensively price the unknown. If you have the original retail receipt, it helps. For diamonds without papers, request a buyer evaluation in writing — reputable buyers in Larchmont will identify each 4C parameter (carat, color, clarity, cut) before making an offer.
Are mail-in gold buyers in New York scams?
Some are. The reputable ones (Cash for Gold USA, Express Gold Cash, GoldFellow) operate under state licenses with publicly disclosed prices and free insured shipping. The scams use unsolicited TV ads, hide their location, and pay 30–50% below market. Always verify a precious-metal-dealer license number on the state regulator’s website before mailing.
How long does Worthy take to pay after I ship?
Typical timeline: shipping kit arrives 2–3 days after request. You ship via FedEx (insured by Worthy). Evaluation takes 1–3 business days. Live auction runs for 24–72 hours. Payment by bank transfer within 48 hours of auction close. End-to-end: 7–10 calendar days from request to payment. Faster than auction houses, slower than walk-in.
What if I lost the original receipt for my jewelry?
Common. Most jewelers can verify a piece they sold from records or the maker’s mark. For Tiffany, Cartier, Van Cleef & Arpels, the maker can verify a piece’s authenticity from the serial number — this verification alone can lift your offer 15–25%. Without a receipt or verification, expect a 10–15% discount.
Are there free jewelry appraisals in Larchmont?
Yes — most local jewelers offer free verbal estimates if you are considering selling. Written appraisals (for insurance or sale purposes) typically cost $75–$200. Online buyers (Worthy, WP Diamonds) provide free written offers as part of their evaluation process — useful even if you ultimately sell elsewhere.

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