Compared to the appraisal of gemstones, experts assess gold in a much different fashion. The two considerations are the gold’s weight and its purity. Insofar as weight is concerned, the value of an item increases with its weight. On the other hand, purity is measured in karat standards, a scale used across the world. Owing to its softness, gold is often combined with other metals in order to produce jewelry. Effectively, the purity refers to the ratio of gold to other metal—and this is represented by the karat scale. This is written as 10kt, 18kt, and so on, with pure gold rated at 24kt.
If you’ve reached a decision point and want to sell your gold jewelry, watches, coins, or other valuables, we’ll use these standards to assess your item and offer you a great price.
When we assess your gold jewelry, there are a number of factors that we’ll take into consideration before offering your price. To start, we’ll want to assess any gemstones mounted in the jewelry. We’ll examine them for carat, cut, clarity, and color, which will allow us to assign a grade to the stones. We’ll then assess the metal in a similar fashion, looking for purity and weight, which will give us a combined score that we can use to identify the monetary value of the item. Market prices for precious metals and stones will fluctuate, of course, but this grade will give you an indication of what to expect from a professional gold buyer NYC.
If you have gold jewelry like rings, bracelets, and watches, we can offer you a great price up front. What’s more, you won’t need to shop around in order to bargain. Many gold buyers try to offer 10 to 15 percent of the actual value, hoping that customers will simply take the offer out of convenience. However, in the long run, this creates extremely dissatisfied clients, and we wish to avoid it.
Instead, our gold buyer on Diamond District process works as follows: we assess your items and offer you a fair market price that’s higher than the hagglers offer, because we want your repeat business and know that this will bring in more customers as a result of the positive experiences we provide.
Some jewlery buyers in NYC will only accept gold items and refuse anything with precious stones. We take a holistic approach to gold buying and are willing to accept gemstones, diamond jewelry, and other items. In fact, the only jewelry items we won’t accept are electroplated items and costume jewelry. If you’re unsure, send the items to us for examination! We’ll assess them for free, and if they’re valuable we’ll offer you a competitive purchase price.