Offsetting the Cost of New Jewellery with Old Gold.
Is Cash for Gold Best Value?
Over the last 12 months, we have helped many people purchase new jewellery whilst adding-in their existing jewellery to lower the cost. When sold through new and existing “Cash for Gold” outlets the return is usually far less than when it is used to offset the cost of new jewellery. It is therefore unwise to sell your Gold like this, before going on to make a new purchase.
When you sell your Gold, you will be given a price per gram. This is normally below the scrap Gold price. Cash for Gold outlets will make a profit on the price they give you, and the scrap price at which they sell. We give you this scrap price in the first place.
The price you receive for existing items will offset the price of the new piece. There is no limit to how many pieces of jewellery can be included, or the type of precious metal you include. You can even swap to a new alternative choice of metal e.g. If you are upgrading from White Gold to Platinum.
How to Offset Jewellery with Old Gold
Tell us the gram weight of your jewellery and precious metal type. Alternatively send the jewellery to us by Royal Mail Special Delivery. We can arrange insurance if necessary. (We can advise further on this part of the process at any time.) We can accurately weigh and check the metal type.
We will then email you any pricing details, with a value for your existing items. The final balance of any purchase can be offset by deducting this value. This can be particularly helpful when re-setting your diamond into a new ring style because the end cost can be greatly reduced.
When Selling Old Gold Becomes Most Effective
This week, we have seen the Gold price gain 1% to $1350 (£834) per ounce, owing to a fresh wave of gold buying. When the price of Gold increases, increases are normally reflected in the scrap value of precious metals. With the simple philosophy of buy low, sell high, a greater price will be gained when the Gold price is strong.
About Mark Johnson
My name is Mark and I'm founder at Serendipity Diamonds. By day you'll find me working in our showroom—in a variety of roles. My work (which I love) ranges from photographing jewellery, to writing blog posts and helping clients with my colleagues Drina, Emily and Debbie.
