Merryshine Jewelry, Moment, Faith, Forever.

is it time to cash in on that jewelry box?

by:Merryshine     2019-11-07
Lori aitinger gross Gulli points out that 2006 of gold and silver prices have fallen from their peak two months ago, but after a steady rise in five years, they are still at the level of prompting people to buy unwanted jewelry for their scrap value. In parn. Y.
Jim Sano, a gold buyer and owner of Budget buying and selling, said customers have been dragging jewelry boxes and putting them on his countertop.
The sudden and unrestrained exhibition of personal items usually only means one thing: people sell there.
Lisa Hubbard, executive director of Sotheby\'s international jewelry division, said: \"If you don\'t wear jewelry, you will lose money . \".
\"Focus on what cash will do for you.
\"For those who get rid of the pieces and pieces, it is an attractive option to exchange gold for cash --
Like an earring or a broken chain.
And it can be profitable, especially if you have a lot of wealth.
From local jewelers or gold buyers to smelters that advertise on the Internet, there are a wide range of sales outlets;
The competition to buy gold is fierce, and it is wise to shop around.
Advertising \"Display jewelry, buyers of two or three, suggests wholesalers at Beverly Hills in Russell foggart, kazanjin and Fogarty, California.
\"Buyers determine the issue price of modern gold products by weighing and determining the actual gold content first.
If these products are wearable and relatively ideal, the price will be higher than the intrinsic value of gold.
But he said the price of a simple gold chain would be lower.
Keep in mind that the price offered by the buyer is made of pure material, almost all gold, platinum and silver jewelry are made of alloy substances that need to be added with other metals, to make them strong enough to withstand daily wear and tear.
14 karat of gold is 58% pure gold, 18 karat means 75%, 24 Karat means 100%;
The price paid will reflect the amount of gold actually purchased.
Gold is now sold for $633 an ounce, down from $725 an ounce.
But in July 2001, that figure was far more than $265 an ounce.
Jon Nadler, a precious
Metals analyst at gold trader Kitco
He said gold is not expected to fall below $540 an ounce and could reach $730 an ounce next year.
The resale market for antiques and real estate jewelry has so closely reviewed valuables that most of the waste products sold are recycled and sold as jewelry.
\"Even smelters and scrap buyers are smarter than it is,\" explains Barry Webb, chief executive of Edith Webb, New York, A gallery specializing in rare antiques and real estate jewelry, often appearing on the \"Antique Roadshow.
\"They pick anything more valuable than scrap,\" which ends up in the retailer\'s presentation.
Janet Levy, president of J. & S. S. DeYoung, a 170-year-
An old wholesale company in New York.
It is said that the education received may have a good return.
She said: \"If you go to a jeweler, not an oil refinery, he or she will notice that you have a period of time, not something that can be scrapped, and you can get a huge added value.
\"Access to professional assessments is informative and reassuring;
It also avoids mistakes. Ms.
Levy recommends looking for qualified people who are recognized in the jewelry industry.
\"Looking for someone with a background in jewelry trade, such as the American Gem Association\", or someone trained at the American Gem Society, requires strict educational standards to be met before the candidate is considered an expert.
Knowing the connection to any group increases the confidence of consumers and members often present their qualifications on shop windows or business cards.
Generally, the jeweler who owns these certificates should check the jewelry with a higher skill.
\"We recently bought a work with a Alexander gem with gold in it,\" says Ms. Allen Levy, and it is therefore very valuable.
Levy\'s husband is also president of Dejan.
\"It doesn\'t look very similar to ordinary people.
That\'s why it\'s a good thing to find someone knowledgeable.
\"Experts should also have the resources to investigate further if necessary.
\"We get calls from people every day asking about the product information customers bring to the evaluation,\" Ms. Levy said.
\"The best thing today is that we have the internet and digital photography so we can get a good idea of what they\'re looking.
Daphne Lingon, senior jewelry expert at Christie\'s, recommends asking questions from anyone who makes an assessment: What is metal, should gold content be tested?
After 1898, all jewelry made in the United States containing gold needs to be stamped with the number of karts;
The most common mark is 14 k.
Jewelry without marks should be tested.
When did this thing be made, has it been repaired?
In most cases, age and condition are critical to assess value, according to jewelry industry analysts.
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If you want something in the second-hand market, it may be worth far more than the value of metals and gemstones.
Keep in mind that smaller companies may be selective because they need to remember their market.
\"Ask them if they sell the type of jewelry you have . \"
Hubbard suggested by Sotheby\'s
\"The real estate jewelry market is more than just the metal market.
\"Then there are companies like Circa Inc.
Buy everything.
New York-based Circa also has offices in Chicago, San Francisco and Palm Beach, Florida.
Sell jewelry to dealers and retailers across the country.
\"We have a market for almost any type of jewelry,\" said Chris Del Kato, its chief executive and co-president. founder.
The designer\'s name is persuasive;
Whether jewelry is antique, real estate or contemporary, collectors regularly respond to it.
\"I am not willing to sell any jewelry under any name related to it . \"Weber said.
Keep in mind that fashion is changeable.
\"People are re-interested in being the big and bulky charm bracelet of fashion,\" he said . \".
\"A few years ago, the jewelry was basically traded for scrap.
Now trade at the value of jewelry.
\"So it used to be the bane of a jewelry drawer and can sometimes be considered a fascinating trace of life, collection or gift of souvenirs.
Because there are so many jewelry called \"collectibles\" now, can you find a bargain with je ne sais quoi on the price tag?
Most dealers say that while there are always exceptions, the reality is that there are very few real bargains.
Although the high market price of gold may prompt people to unload old jewelry, second-hand jewelry is a market of its own, and the price is usually not affected by precious jewelry. metals markets.
\"As a collection, jewelry is well isolated from the commodity market . \"Weber said.
\"In terms of boutique jewelry, basically you buy artwork that happens to be made of jewelry materials.
\"The price of many dealers is based on the price they pay, not the value of the item determined by the weight of the metal and the quality of the gem.
\"The first thing to understand is that I haven\'t changed any price since gold went up,\" said Benjamin mcleau of the mcleau Gallery in New York, who specializes in decorative art, including jewelry.
\"The best way to get really good value is to buy something that is aesthetically challenging and interesting;
Its greatest value lies in design and beauty.
\"At auctions, people can usually buy real estate jewelry that is lower than the market price.
Gloria Lieberman, senior jewelry vice president and director at Skinner, said: \"Generally speaking, auction prices are 30 to 50% lower than retail prices . \"
Boston auction house.
\"We prepare the auction price three months ahead of the auction, so the jewelry does not match the market value.
The auction house offers mixed auctions of antiques, real estate and contemporary art.
For jewelry favored by collectors, such as Art Deco and Edwardian jewellery, it is harder to reveal the sleeper, but you may find a gem in jewelry in 1950s, 60 or 70 years old.
A version of this article appears on page BU6 of The New York edition with the title: Is it time to cash that jewelry box? .
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