Sales of new jewelry generate around $40 billion every year. But what about older pieces you already own that you no longer want?

You might have jewelry on hand that you're not sure what to do with. When it comes to these items that you already own, you have a few options.

You can keep them for another time or give them away. You can also sell or repurpose your older pieces.

If you're curious about how you can repurpose jewelry or if it's better just to sell it, we've got the info you need. Keep reading to learn which is the right choice for you when it comes to older jewelry you no longer want.

Selling Your Jewelry

Selling your old jewelry is one way to deal with pieces that you don't want to keep. But is it the best option?

There are a few things to keep in mind. Before selling it, check out its resale value and it's sentimental worth.

Your jewelry might have depreciated in value. What was once expensive over time can become outmoded or devalued.

If you're getting rid of your jewelry because it has painful memories attached, stop before you get rid of it completely. You might need a cool-down period before making a big decision or it might be worth more to someone else in your family.

Repurposing Your Jewelry

It's true that most buyers are looking for new, brand name pieces. This can affect both the resale value and make your pieces look outdated.

Don't sell yourself short. With some creativity, you can create new, interesting pieces from vintage jewelry.

You can take a DIY approach to start. See if you can do something new with what you have, like restringing beads or turning old bangle charms into earrings.

With more complex items, like rings, you might be able to recycle jewelry with a professional's guidance. A jeweler might be able to take out old stones and melt down existing gold and silver to turn your piece into something completely new.

Whether you want to honor someone who gifted you a vintage piece or you're just looking to wear your old items in new ways, see what you can do with what you have. You can have a fun weekend project or an opportunity to create a unique, one-of-a-kind piece of art.

Sell or Repurpose Jewelry: Your Decision

When it comes to items that carry a lot of emotional weight like jewelry, it can be hard to make the right decision. With our guide, you should be able to make the best choice when it comes to whether or not you should sell or repurpose jewelry you no longer want.

Don't rush to make a decision. Really look over everything that you have and find out whether it's worth it to sell it or if you can turn it into something new.

If you're not sure whether what you have can be repurposed into something new, we'd love to help. Reach out to us today to gain new perspective on your older pieces.