Selling Gold Jewellery? There are 3 Things You Should Know!

Selling Gold Jewellery? There are 3 Things You Should Know!

Many people are left with jewellery that they are no longer interested in keeping. Perhaps it was inherited from someone who had very different tastes, or maybe it's a gift that doesn't suit your needs. Whatever your reasons are to sell gold jewellery in Edmonton, it’s important to take steps to make sure you get the right price.

Learn three things you should know to protect your best interests when selling gold jewellery.

Know the Difference Between Edmonton Gold Buyers and Jewellers

There has been a rush of gold buying stores popping up in recent years. So many, in fact, that it is hard to keep track of their comings and goings. While many jewellers are gold buyers, most gold buyers are not jewellers. Knowing the difference is a crucial step in protecting yourself when selling your gold. A gold buyer wants to buy your gold; a jeweller seeks to build an ongoing relationship with a valued customer.

Work with Reputable Jewellers

When you choose to work with a reputable jeweller who can buy gold, you are working with a professional who is trained to have a thorough understanding of the value of your gold. You also have the benefit of someone with a vested interest in maintaining their professional reputation. After all, a jeweller's reputation is their number one marketing tool. When trying to sell gold jewellery, a jeweller should be your first stop. When they provide a reasonable valuation for your gold, remember that it is the opinion of an expert who knows a thing or two about the value of gold!

How Much Can You Expect to Get for Your Gold Jewellery?

One commonly cited metric when determining the value of gold is the current price of an ounce listed on the stock exchange. If only it were that simple! It’s important to remember that gold is a very soft material. To make it more durable, gold used in jewellery is blended with other metals to form a metal alloy. Common materials used in the making of gold jewellery are silver, tin, nickel and even titanium.

This blending means that jewellery made of pure gold is rare. 10 karat gold is only about 40% gold, while 14 karat gold is just under 60% gold. When you are selling gold jewellery, it is generally only the weight of the gold that is considered in the valuation of the sale.

Selling Indian and Middle Eastern Gold Jewellery in Edmonton

When it comes to Middle Eastern gold jewellery and Indian gold jewellery, special handling is required. In everything from bangles to necklaces and sets, gold jewelry from these regions is usually of a much higher carat than what is sold in Europe and North America. However, it may be incorrectly stamped or not stamped at all.

In many cases, customers trying to sell their jewellery are frustrated when the best offer they can get is based on the price for 18 karat gold. Owners of Indian and Middle Eastern gold can take comfort in the knowledge that Gold Star Jewellers has state-of-the-art technology to accurately determine the purity these items to offer you a fair and reasonable price for your jewellery.

Taking the time to understand what goes into the valuation and sale of gold can help you get the right price for your jewellery. We can help! Gold Star Jewellers serves the community in Edmonton, Alberta from our storefront location at Bonnie Doon Shopping Centre. Customers from anywhere in the world can browse the Gold Star Jewellers collection at the online store on our website.