Buying New Jewellery with Old Gold – Selling Gold More Effectively

Old Gold for New Jewellery

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.

Using Old Gold to Buy New JewelleryWhen 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.

Mark Johnson

About Mark Johnson

Mark attended Liverpool University and went on to pursue a career in the diamond industry. After more than a decade working in polished diamonds, Mark moved to the Isle of Wight where he launched Serendipity Diamonds. He works most days from their busy Ryde showroom, photographing jewellery and writing for the Serendipity Diamonds website. Anyone interested can connect with Mark on Linkedin via the profile link.

Mark Johnson

About Mark Johnson

Mark attended Liverpool University and went on to pursue a career in the diamond industry. After more than a decade working in polished diamonds, Mark moved to the Isle of Wight where he launched Serendipity Diamonds. He works most days from their busy Ryde showroom, photographing jewellery and writing for the Serendipity Diamonds website. Anyone interested can connect with Mark on Linkedin via the profile link.