The phrase references the apply of finding institutions in shut proximity that supply jewellery via a consignment settlement. This settlement entails a person (the consignor) entrusting their jewellery to a retailer or supplier, who then makes an attempt to promote the objects. Cost to the consignor happens provided that and when the jewellery is efficiently offered. An instance could be looking out on-line to seek out native shops that settle for jewellery for resale below these circumstances.
This method presents a number of benefits. For people in search of to promote undesirable jewellery, it supplies a doubtlessly increased return than promoting to a pawn store or refiner, because the consignor receives a share of the ultimate sale worth. Conversely, consumers can usually discover distinctive or classic items at aggressive costs. Traditionally, consignment has supplied a priceless channel for distributing items, notably inside specialised markets.