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A jewelry shop, also known as a pawnshop or second-hand jewelry store, is a retail business that buys and sells used jewelry. These shops often have a wide range of items, including diamonds, gold, silver, and other precious metals.
When buying precious metals at a jewelry shop, you can expect to pay a lower price compared to buying from an auction house or online marketplace. The prices are often negotiable, and the staff may offer discounts for bulk purchases.
Selling precious metals at a jewelry shop is usually done through a variety of methods, including auction-style sales or online marketplaces. The shop will assess the value of your item and offer a price based on its condition, rarity, and demand.