One of the first things we look at is quality and size of the diamonds and/or gemstones - if the diamonds or gemstones are low quality they may be harder to sell. This means that a jeweler or pawn may not be interested in purchasing them, as they won't be able to resell them or reuse them in making another piece of jewelry. This is especially true of jewelers who pride themselves on selling high quality jewelry.
Another important factor from the buyers perspective is, "Is it desirable for resale?" If not, you are best to move on to the next store with a different market that may be a better fit for what you are selling. For example, Marquise and Pear-cut diamonds, as well as Pearls, can be considered "out of style", so you may not get as much money for them.
The expectation of what you would like to get for your jewelry should not be based on the price you paid, but rather wholesale cost. For example: If you paid $4000 at a mall store, it could mean that they only paid $900 for the piece new at wholesale from a manufacturer. So the price you will get will be less that $900, because "you'll never recover the retail market-up that you paid."
At Lane Mitchell Jewelers we buy gold, silver, platinum jewelry and gem stones. We also pay more than other jewelers. Our most desired items to purchase are vintage pieces and engagement rings with a high quality center stone. So, if you inherited your great aunts ring but don't know what to do with it, bring it to us, we will restore it for you or purchase it and find it a new loving home. If you do have three or more pieces to sell, give us a call to set up an appointment.
PURITY OF GOLD
The remaining of the materials is metals that are used in making jewelry to enhance strength and color.