If you understand what is written below you cannot be taken advantage of: 

Today’s gold price of approximately $1,715 per ounce is still very high. If you are contemplating selling but unsure of how much gold you own and what is a fair price to receive, here are some of the intricacies that you should understand first. 

When something is valuable, like a great employee, we might say “He’s worth his weight in gold”. If he weighed 180 pounds, at the current high prices, he would be worth more than $4,900,000 dollars. By comparison, in 2001 when gold was less than $300 per ounce, he would have been worth only about $700,000. His value has gone up 7 times in 11 years. Not only has gold increased in value over the past several years but so have platinum and silver. Today may be the best time to “scrap” or melt your broken and unwanted jewelry, sterling silver flatware and tea sets.

When gold is $1,715 per ounce, that price is for a troy ounce of pure (24 karat) gold. Very few of us own pure gold. Jewelry is generally 18kt, 14kt, or 10kt. To calculate how much pure gold is in one ounce of 18kt gold, divide 18 by 24 and you will see that 18kt is only 75% or 3/4 gold. This means that an ounce of 18kt gold would only be worth $1,286.25 ($1,715 x 75%). Similarly, on ounce of 14kt, 14 divided by 24 is worth $999.84. Unfortunately, not all gold jewelry is stamped, and not all jewelry that is ...

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Throughout most of recorded history, “Natural Pearls” were cherished and their possession was restricted to royalty. Pearls, the only gemstones that grow inside of a living organism, were very rare and expensive. Pearl divers searched the world’s pristine waters for these exquisite, naturally formed gems. In the late 1800′s, Japanese researchers discovered that they could “farm” pearls by inserting a foreign substance (not a grain of sand) into an oyster, thus creating “Cultured Pearls”. Pearl farmers could now cultivate sufficient quantities of high quality cultured pearls to allow pearl lovers availability and affordability. Today if you purchase “pearls” in a store, you are generally purchasing cultured pearls. Natural pearls, those made in a shellfish without man inserting an irritant, are now found primarily in older estate jewelry.

 

Note: Beware of imitation pearls made from glass, ceramic, plastic or shell. These are called “Faux Pearls”, “Mallorca Pearls”, etc… they are not pearls…

 

Pearls are grown in both fresh and saltwater and both have fine qualities that are unique, beautiful, and deserving of respect. The Chinese are the largest producers of pearls – fresh and saltwater. Freshwater pearls are generally far less expensive than saltwater varieties and offer new vibrant natural colors and better durability. Saltwater pearls offer different colors (e.g. blacks) and lar...

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When I first saw my ring in the jewelry showcase I fell in love with its brilliance and fire.  Today my ring looks dull and lifeless. What happened?

 

1. Lighting - Jewelers pay lots of money to have lighting experts make their jewelry sparkle and glow. Ask to see it outside before you buy it, preferably in the shade or on a cloudy day. This is what your ring really looks like when it is clean and polished. This is what it will look like when you are having coffee at an outdoor cafe. Do you still love it? If you can't walk outside prior to purchase, don't buy it without a moneyback guarantee (not a store credit). Then look at it outside.

 

2. Dirt - If your jewelry looked good outside on the day you bought it and today it looks dull, the most common reason is that grease, soap scum and dirt have accumulated underneath your gemstones. Home cleaning will often restore the original beauty, provided you have been advised by a knowledgeable professional and you have the proper equipment. For example, emeralds, pearls, opals, tanzanite's and other gemstones are sensitive to heat and/or cleaning solutions. Although you can put your diamond in pure acid, the metal holding your diamond, might deteriorate in certain cleaning solutions. Ask your jeweler if they provide free jewelry cleaning - if they do, take all of your jewelry in. Do it today and in most cases the improvement will be remark...

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