Not much of a choice, but after is some knowledge that can take the frustration out of selling your jewelry. And answer the hard questions like: Will I get a fair price for my jewelry?
The two critical regions of knowledge to get the very best price for your jewelry are the things that determine the worth of estate jewelry and also the choices to liquidating it. Does this mean you have to become a gemologist simply to offer your jewelry? No. However, some homework and note taking can indicate a lot higher price paid for your jewelry. Let us begin with what determines the worth of estate jewelry.
Estate is a general term used to characterize previously possessed. That simple fact is one of the determining variables. Preowned jewelry by in large is not quite as valuable as fresh. Some people will never purchase a previous possessed engagement set for superstitious reasons. I’ve had customers who might have saved tens of thousands of dollars if they would have purchased a pre-owned ring but denied.
Jewelry is a fashion-driven industry. Some styles are classic and stay around for decades, others last just a few months. Estate jewelry that is out of style can not command premium price. In reality some styles are so out of favor the jewellery’s only worth is its inherent worth. Another extreme is that the jewelry could be classic. Antique jewelry is highly collectible and might expect a specialization choice to sell. Knowing if your jewellery is just old and out of fashion or an antique can mean the difference of hundreds, if not thousands of dollars.
Condition is a major determining factor of the price received for your jewelry. Damaged and broken jewelry many times justify the restoration expenses but most of the time damaged jewelry is simply valued in its intrinsic worth. Jewelry repair in most cases is counter-intuitive. I have seen jewelry that’s been mangled in this way in which the cost of restoration is minor and easily justified. On the other hand what appeared to be a trivial problem left over the jewelry unrestorable. Jewelry repair is one place you don’t wish to be a”do it yourselfer”. Allow the professionals do this, or it could wind up costing you a ton of money.
Worn out jewelry affects the value. It is a challenging repair to bring back life into a bit of jewelry. Most worn out jewelry is appreciated at its intrinsic value.
Jewelry looks it is best when washed. Properly clean your jewelry prior to showing it around. If you don’t know that the 100% right way to wash your piece of jewelry allow a professional jeweler clean it to you. Some jewelry stores may even clean it at no cost. Warning: the wrong cleaning can harm and even destroy jewelry. If your are not sure of how to clean the jewelry or stone, let the professionals do it.
Never wash gold and gems in chlorine. Ammonia based cleaning products are utilized through the jewelry industry, but they can damage some stone. Try and avoid them if you can and know for certain if they well not hurt the gems in your jewelry. The best cleaning suggestion is to know for sure the best cleaners to use on your own jewelry and do it carefully.
The jewelry industry has been recycling for millennia. In reality a number of the gold in your jewelry might have been in use as the time of Jesus. Damaged beyond repair jewellery is purchased during its intrinsic value. The intrinsic value is the metal (gold, platinum, silver) price and any stone. The refining process used to recoup the metal utilizes strong chemicals and contains strict environmental regulations which affect the price given for metal caused be recycled.
If you would like to understand how to calculate the metal price and do the mathematics read on, if not skip to next paragraph. The formula used to calculate the price is that the metallic cost (the daily spot price) multiplied by purity(the authentic noble metal material ) instances weight(can be in ounces, pennyweights or grams). The purity is that the karat of gold or silver portion of noble metal (gold, platinum, silver). 10 karat is 10/24 or.410 gold and the balance of burden is the metals. 14 karat is 14/24 or.583 gold and 18 karat is 18/24 or.750 gold. Platinum most of the time is 90% pure and 10 percent metal. The 3 units of weight used with precious metals are troy ounces, pennyweights, and grams. The troy ounce is equal to 20 pennyweights (dwt) or 31.15 grams. So here is an illustration; say the spot price of gold is $300 and a 14K ring weighing 10 g would work out just like this. $300 (spot price) X.583 (that the fineness of gold) equals $174.90 per oz divided by 31.15 (troy oz to gram) equals $5.63 per g occasions our ring of 10 grams equals $56.30. Just remember to subtract some refining price and benefit for the trader and you can find out the intrinsic metal value for the jewelry.
Gems are an important part of jewelry. The estate jewelry worth could be 99% dependent on the gem. On the other hand that the stone can add zero to the value. The two critical factors are the stone itself and the condition. Some stone have a higher value then others. A natural ruby is worth a lot more then a synthetic ruby. Diamonds are typically more valuable then amethysts. Understanding your stone’s quality and rarity will help with understanding its worth. The affliction of the stone is essential to the value. Some chips and abrasions can warrant the repolishing price. But in the majority of cases scrapes and chips will render the stone peeled and valueless. Tip: cautious handling of jewelry retains a higher value then carelessness.