With the current price of gold upwards of $1600 per troy ounce, gold jewelry sellers are back.
Houston’s Jewelry Judge does not buy or sell jewelry, but he often consults to inform individuals wishing to sell their gold on what price they can expect. “People often forget,” he remarks, “that anyone buying gold will most likely be reselling it.”
This means that, for example, a handful of 14k gold chains weighing exactly 1 troy ounce will bring less than 30% of the daily spot price for gold. 18k and 22k gold may bring somewhat more, because of the higher percentage of gold in the mix. Know the value of your gold before you sell to avoid disappointment – consult with The Jewelry Judge.
What about gold jewelry with colored gemstones in it? Mr. Gordon shakes his head, “Many gold buyers lump all jewelry items together and weigh it as though it were gold. This could mean that a valuable gemstone could be quite under priced. That’s where it helps to consult with Houston’s Jewelry Judge. Sometimes, there’s something really valuable in a tangled mess.” We can identify what’s worth salvaging, re-designing, or letting it go to scrap. And if there is a need to sell, we help direct our clients to reputable buyers.”