Questiongrandpa was a jeweler/watchmaker for many years. he died and we have some rings left from the store. what about selling just the gold and keeping the stones or selling the stones separately thanks
AnswerAndy, the answer all comes down to what the stones are and what the worth of the stones might be. If you have genuine gemstones and perhaps some diamonds, having the stones removed is likely a good idea.
As for selling the gold, if stones are large sizes, the gold cannot be accurately weighed with the stones in the rings. A buyer might "estimate" the stone weight to figure how much gold is there but this often goes to the favor of the buyer.
Have you considered selling the rings as are? This is a third possibility and might give you a greater return. You see, gold is figured at the scrap rate, what would be left in fine gold when the metal is scrapped and that minus the percent the buyer wants to make a profit.
My suggestion is to have the rings examined by someone who can give an honest value to the gemstones. If the stones do have worth and cannot be sold as jewelry, have the stones removed and keep those. Sell the gold at scrap prices. Gold is at a high price right now, by the way.
Selling the stones alone will be quite difficult. Gold is easier to sell. A buyer will have to need such stones and the price will be below wholesale. If not that low, the buyer might as well purchase stones from a regular supplier.
The first important bit of information you need is some valuation of the jewelry. You need a starting point from which to begin.
I do hope this helps. Each situation is different and without seeing the actual jewelry items, my general recommendations are the best I can do. Best wishes in the direction you choose to go.
God Bless and Peace. Thomas. September 17,2007 8:31pm
