Anyone ever sold or traded in old gold or diamonds?

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Another photo question, I think my problem is solved

Anyone ever sold or traded in old gold or diamonds?

posted 2 years ago in Rings

Member

492 posts

Helper bee

soon2bS September 18, 2010 Concord, NC; marrying in Dahlonega, GA

I am an encore bride. I had my diamond from my first engagement ring set into another setting that I wore for a while after my divorce as a right-hand ring, and plan to give that to my daughter one day. But, the band I had was an enhancer wrap with 4 small marquise diamonds, and I also have quite a bit of other yellow gold jewelry that my ex gave me that I really don't intend to every use or wear again.

So, I'm considering taking it to a jeweler to see about trading it toward my new wedding band. But, I'm not sure what to expect if I do that. I suspect that I won't get nearly what they're worth, but honestly, I know that they're all just sitting in a box wasted. So, I'd rather use them toward something I will wear & I want a pretty elaborate band that is going to end up costing us a good bit, so why not get some credit toward it? What does everyone think? Is it worth it? Or will the loss that I take not really be worth the small amount I'll get for the old stuff?

2 years ago

Member

74 posts

Worker bee

ArikkaLynn June 6, 2010

If you're not going to wear it, then why not! I would go to a few different jewelers not just one and see how much they will give you and compare. Keep in mind that there will be different prices for 14K, 18K, and 24K gold. As for the diamonds, make sure they inspect them and take into account there full carat weight, otherwise you could be taken advantage of severly!

Good luck!

2 years ago

Member

72 posts

Worker bee

astromeg January 2011

Another thing... just keep in mind value of gold =/= cost of purchasing. The raw materials used to make the item cost far less than what you purchase it for. So when you sell it, you'll get a price based on what the raw materials cost. I just sold some and was shocked at how little I got, but it made sense (unfortunately!)

ArikkaLynn is right -- take it to a few shops to get it looked at/priced out. Also check out the price that gold is currently trading at, and if you're really determined, ask the jewler for the weight of the gold...(s)he will measure it before giving you their appraisal. It might help you make a more informed decision re: whether their offering is a good one. :-)

Hope that helps!

2 years ago