Published on : 23 April 20202 min reading time
Gold jewellery that you no longer want and that is lying at the bottom of a drawer can be resold as long as it is marked with a number or a hallmark that certifies that it is made of genuine gold. Even if they are old-fashioned or broken, it doesn’t matter, anything made of gold can be resold. Some jewellers have specialized in the gold jewellery buy-back business.
Selling used gold jewelry
Whether it’s old jewelry, old-fashioned jewelry, a gold coin or any object with a gold content, many people don’t know that gold in any form can be sold. In fact, reselling gold jewellery to a buyer who specializes in this activity allows you to recover money according to the weight and purity of the object and the piece of jewellery. Buying back gold jewellery can be done online or from a jeweller who will recast it and reuse the gold. In practice, the amount of money that can be recovered varies from one gold buyer to another. Since the value of costume gold jewellery is not standardized, gold buyers do not have a fixed price.
Knowing the value of a piece of jewellery
The price of gold on the world markets varies from day to day and it is therefore difficult to know the true value of a piece of jewellery at any given time. To resell gold jewellery, the weight of gold and the purity of the gold in it must be taken into account. The first thing to check is the presence of a hallmark or a number that will prove that the jewel is made of genuine gold. There are several kinds of hallmarks depending on the number of carats: 18 carat or 22 carat gold which gives the jewel a colour that is more yellow. To resell a piece of jewellery, it is advisable to take your time if you want to get the most out of the gold jewellery resale operation.
Gold buy-back prices
Whatever the reason for wanting to resell gold jewellery, it is best to seek professional advice before making a decision. Gold jewellery items that are set with precious or semi-precious stones, such as a pendant or a ring, should be appraised by a competent and reliable jeweller.