(Closed) Anyone ever sold or traded in old gold or diamonds?

posted 8 years ago in Rings
Post # 3
Member
74 posts
Worker bee
  • Wedding: June 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!  

Post # 4
Member
68 posts
Worker bee
  • Wedding: December 2010

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!


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