We will buy your gold & diamond jewelry. To get the most out of your unwanted gold & diamond jewelry, you need to know what the jewelry is worth and where you should sell it. You also need to know yourself. “How much effort do you want to put into selling your jewelry?” Ask Kruckemeyer & Cohn Jewelry Company in Evansville,IN.They have a gemologist and an appraiser. “It’s a balance of what your time is worth and what you might recoup selling your jewelry.”
Gold & Diamond Appraising
To truly know the value of what you are selling, you should get an appraisal by an appraiser, to get the most accurate quote. Appraisers have to adhere to standards and ethics. Appraisals range from $150 to $350 per hour. To give you an idea, a simple diamond ring might take about an hour to appraise, whereas one with multiple diamonds and an elaborate setting might take more than three hours.
An appraiser can also tell you whether your jewelry is best sold as-is or for scrap. Some jewelry by well-known designers is more valuable intact.
Once you have your appraisal in hand, keep in mind that you are unlikely to get that price. Appraisals, often conducted for insurance purposes, determine the retail replacement cost of your jewelry, not the resale price. So ask your appraiser whether he or she can give you a resale price estimate as well. With gold jewelry, an appraiser may tell you the “melt” price of your piece, which is the value of the precious metal contained in it. Again, you are unlikely to get this price, because the buyer must factor in his own profit margin and the cost of extracting the gold. Experts say that if you can get 70 to 80 percent of the melt value for your gold, that is a fair price.
Let this be your guide to get the best value for your used jewelry & diamonds at Kruckemeyer & Cohn.