How Gold and Diamond Buyers Measure the Value of Your Goods

Watch buyers

The term “gold standard” did not just come about accidentally. Gold has been used as a sign of thunderous wealth throughout many centuries, even dating back to the time of the ancients. Because of its intense connotations of grandeur, gold has decorated tombs and places of worship across the world. It has also been used as currency.

Diamonds, too, have had their moment in the sun for being a rarity and a symbol of exceptional brilliance and beauty. People tend to amass gold, diamond and other precious materials throughout their life, then pass them on to family members and heirs when they die. Sometimes, though, they just sit around, collecting dust. When this happens, it might be time to consider selling them to certified gold and diamond buyers.

Of course, you will want to know exactly what you are getting yourself into before you blindly walk into an exchange store. It is important to know the facts on what gold and diamond buyers will look for when you are offering your diamonds and gold coins for sale. Here are a few facts to keep in mind:

1. With gold, a simple test goes a long way.

Many gold buyers will perform an acid test, where drops of nitric acid will be used to see if the gold turns green upon exposure. If it does, you have no real gold in your possession. If it stays gold, however, your buyer will likely want to determine its purity in karats, which will ultimately determine the worth. Most gold and diamond buyers will do exactly this.

2. With diamonds, remember the four Cs.

Gold and diamond buyers will determine the worth of your diamond by measuring its carat weight, color, clarity and cut. Obviously, there is a lot of room for playing around here, as certain types of diamonds are rarer and, therefore, worth more than others. It always pays to know as much about your diamonds as you can before you see your gold and diamond buyers so you know if you are getting a good deal or not.

3. Nothing beats a person-to-person exchange.

You could easily sell watches for cash online. You could find a buyer for your diamond necklace on eBay. But why would you not head into a real shop to measure its worth before anything happens online? It might end up saving you some serious cash to get your jewels measured in person so you know exactly what you have to sell.

Somewhere around 78 percent of the gold mined each year is turned into jewelry, and the rest is used to financial transactions or in the medical and dental industries. But you could sell yours for a larger sum. When you are sitting a gold or diamond reserve, it pays to visit your local gold and diamond buyers. Research more like this.

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