Identify Gold Jewelry
This is the first step in seling your gold jewelry. “You mean there is a difference in gold jewelry?” Yes. If for instance you seek to sell modern (contemporary 1960s to 2000s) gold jewelry chances are most of this gold jewelry will fall into the scrap gold jewelry pot. “Why?” Because at today’s gold prices it is easier for the gold buyer to refine gold jewelry verses cleaning, repairing and reselling gold jewelry. Yes, the gold buyer can mark up a 100% profit on the resale of gold jewelry but when will it sell? Next month? Next year? Many gold buyers are not taking the chance on gold prices going up or even staying flat and instead seek the quick money in scrapping gold jewelry. There are many types of gold jewelry that are not scrap and need to be identified to maximize your potential.
Maybe your gold jewelry is of the older estate kind? This could be jewelry from the turn of the 20th century or even from the1950s.If this is the case you might get a stronger price because the gold jewelry value is not based solely on weight or purity but on style, condition and manufacturer. The more desirable the ‘look’, such as art deco or French nouveau, or the manufacturer such as Cartier, Tiffany or Bulgari the more valuable the item could be. Estate jewelry is an entirely different world from contemporary or modern jewelry (1970s forward) because estate jewelry values are driven by the ‘look’. This is a specialized type of buyer you seek –someone with experience in the estate marketplace so to maximize profit I’d recommend not using the mail-order or mall kiosk buyers but someone in the estate buying business.
Gold Diamond Jewelry
If you have gold jewelry with small diamonds such as side stones on a ring or channel set diamonds built into earrings chances are you won’t get much value for the diamonds. “Why? These are still diamonds, right?” Yes, they are diamonds, but in many cases it cost more money to recover the small diamonds then they are worth! Unless you have multiple carats of small diamond melee most gold buyers will discount the diamonds and not add much for their value. Larger diamonds such as 0.10 ct or more – that’s a different story. And diamond bracelets with 3cts or more of clean, white stones offer both a gold jewelry buy and diamond buy opportunity. A few small diamonds… not so good but bigger diamonds… ok.
Gold Semi-precious Stone Jewelry
“What is a semi-precious stone?” Basically this would be sapphire, emerald, tanzanite, ruby and so on… ruby can actually be worth more than diamonds! Even sapphire stones today are expensive but that does not mean all of these stones are worth money. Most are not. “Why?” Because of quality, treatment, synthetic, size and so on. Lots of factors determine if a semiprecious stone has value. A valuable ruby or sapphire is usually accompanied by a laboratory certificate from AGS, GIA or EGL. And as with estate jewelry if you think your semi-precious stone is valuable take it to a buyer who is a trained gemologist – these people are qualified to appraise and value such items. A pawnshop or mall buyer may not be the right fit for this type of gold jewelry. And keep in mind, even gem quality sapphires and rubies are not as liquid in today’s market as one would expect.
A signed piece of jewelry is manufactured from an important jeweler or manufacturer such as Cartier, Webb, Bulgari, Tiffany, Gage, Yurman, Gucci and so on. Again, as with estate jewelry, buyers are paying for the ‘look’ of the piece and not just the weight or purity of the gold. Hallmarks on the item is a good way to determine the manufacturer but again to maximize your investment take this type of gold jewelry to a qualified buyer. The 20-year old at the mall is not going to know. And if you have Tiffany or Cartier boxes and paper work bring it along as it will help maximize your profit.
These paragraphs obviously do not do these jewelry types justice but hopefully it sparks, in you, the desire to properly identify your jewelry so you can sell it more intelligently. Now that you’ve identified your gold jewelry – you need to make some simple calculations such as weight. Please proceed to the ‘Gold Weight’ tab for more details on your gold jewelry.