Gold jewellery is one of the most common items sold or purchased at pawnbrokers Melbourne shops. Therefore, if you have something nice like a diamond ring or antique jewellery you should visit a pawn shop to sell your gold pieces, you may have a dollar figure in mind. Still, sometimes that amount does not match the amount on your mind. Hence, it is essential to know some basics of what determines the value of the gold pieces you sell. Find out everything right here!
The Jewellery Design
For nice jewellery which is re-sellable this is the first thing a pawnshop looks at to determine the its value. Pawnbrokers look at the quality and type of metal used to create the piece. The reason is that the precious metal impacts the re-sell value due to fashion trends such as white gold.
When you look at gold, it is worth more than silver as gold is more durable and does not tarnish. Still, the purity also makes a difference in the value as the higher the karat, the more value it has. Also, when you sell gold, you have different sub-types of gold, from rose gold, yellow gold, green gold to white gold. These influence the buyback price of the jewellery pieces unless of course the pawnbroker is just going to scrap it.
The Stones Included
Another factor considered is the precious stones included to determine the value. Popular forms are diamonds and give the most value even if it is only a fraction of a new bought stone. Other stones you find are rubies, emeralds, and sapphires.
These precious stones are worth more compared to a pearl or a topaz. Still, there is more than the precious metal and stone that matters. Another factor is the colour and weight, similar to selling gold. Furthermore, the brand name is another consideration and if a designer piece, it can fetch a higher price.
The Value of a Gold Ring
Therefore, whether your ring is made of gold or silver and does not have a precious stone, it all comes down to the following. First, it depends on the cut/clarity of the diamonds and the carat weight of the gem and gold.
Pawnbrokers Melbourne is always aware of the melt price of silver and gold based on the metal value apart from the form. So they stay abreast of the changing precious metal prices daily. While pawnshops do not have fixed minimum prices on an item, they this formula of the baseline to determine the value of your gold jewellery before offering you over melt value rates for the stones and design.
Speak With a Local Pawnbroker
When it comes to determining the value of your jewellery, a pawnshop needs to consider different factors. If you want to learn more about, how much you can get to sell your gold jewellery. Pawnbrokers buy and sell different kinds of jewellery pieces and can help answer all your questions