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Gold and diamonds make beautiful jewelry and thoughtful gifts. They're also excellent investments. These substances will keep their value even after the jewelry they're part of goes out of style. Many rings, necklaces, cufflinks, earrings, watches, and other objects can increase in value and become family heirlooms. If you have some of these pieces and you don't feel like wearing them, you can make some additional money by selling your gold and diamonds. Here's some information about what jewelers look for when buying diamonds and gold and what you should do to get the best prices for your items.
People determine the value of a diamond based on the four C's: carat weight, cut, color, and clarity. Carats got their name because one carat is the weight of a carob seed. Since larger gems are rarer, the prices of diamonds increase sharply with carat weight. You'll get a much better price for a 2.0-carat diamond than you would for a 1.9-carat stone with the same cut and quality.
When diamonds are cut skillfully, they appear larger than their carat weight. They're also more sparkly and beautiful. If a large diamond doesn't have a good cut, it could look less attractive and be less valuable than a smaller gem with a better cut. The brilliant round cut is most expensive because more of the rough diamond has to be discarded during cutting. It's also one of the most attractive, popular shapes.
Gemologists grade clarity on a scale from flawless or FL to heavily included or I3. The diamonds that are closer to the bottom of the scale look cloudy and are less reflective than diamonds with more clarity. Many diamonds with microscopic flaws look perfect to the naked eye, but they're worth less than gems that are closer to the top of the scale.
The colors of diamonds are also graded on a scale that goes from D to Z. The most valuable diamonds have a D grade, and they're completely colorless. However, diamonds come in a variety of colors. A diamond with a K grade would have a yellow color, and a Z-grade diamond would be brown.
You can also find green, blue, pink, purple, and many other colors. Red diamonds are the rarest, and F- or G-grade gems look almost identical to D-grade stones. Martin Busch Jewelers can help you find out exactly how much your diamonds are worth. We'll also give you a generous price for your jewelry.
Types of Gold
The purity of gold is measured in karats, and this term comes from the same word as carats, the weight unit for diamonds. Pure gold is 24 karats, and it's very soft. It's easy for jewelers to manipulate, but it can also get scratches and other damage easily.
A piece of 12-karat gold jewelry is made from half gold and half other metal such as copper or zinc. It's less costly and more durable than pure gold. However, people can't call jewelry with a purity level below 10 karats gold in the United States. To find out the percent purity of a piece of gold jewelry, you can divide the karat value by 24 and then multiply by 100. For example, 18-karat gold would be 75% pure.
The value of gold depends on the purity and which metals it contains besides gold. However, two 18-carat gold rings with similar sizes will also have similar values, even if the metal composition is different.
Pure gold is always the bright, metallic color that's named after it, but people can make gold in a variety of colors by adding different metals. Rose gold is a beautiful pink color with a very romantic look. It's mixed with copper, and adding enough of this metal to gold will create a red or green color. Since copper is a hard metal, it's the most durable color of gold available. However, some people could be allergic to it.
White gold contains manganese, nickel, palladium, or zinc, and it's often coated with rhodium to prevent scratches and give it an especially shiny look. Blue or purple gold has aluminum, gallium, indium, or a combination of all three. These colors are more brittle than other gold alloys, and they could shatter or break if you drop them on a hard floor. Black gold made with chromium or cobalt is available as well. Jewelry makers can create the same color with very high temperatures, chemical treatments, or lasers than change the structure of the metal's surface on a microscopic level.
Keeping Track of Gold Prices
Gold is always valuable, but the price of this commodity fluctuates. Since gold is more reliable in a crisis than paper money that could lose its value, the price of gold usually goes up when the economy is slow. By selling your gold jewelry when other people are buying gold, you can make a healthy profit. You can then use that money to make sure that you and your family members stay comfortable until the economy recovers. If you're thinking of selling your gold jewelry, you should keep track of the price of gold.
Getting an Appraisal
The Gemological Institute of America is a nonprofit organization that gives information about the quality and authenticity of gems to customers and merchants. A diamond with a certificate from the GIA or a certified appraiser will be worth more than a similar stone with no paperwork.
Contact Martin Busch Jewelers to determine how much your jewelry is worth. We're the oldest continuously open jewelry store in the area, and we've had relationships with many of our customers for decades. We use sophisticated tests such as electronic testers, acid tests, or scratch tests. We also consider the craftsmanship of your jewelry and whether or not it's an antique, as well as the composition of the metal and the stone. Even if you don't plan to sell them right away, knowing the values of your diamonds and your gold jewelry is important for insurance purposes.
Every minute, the price of gold changes, and within the last few years, the price of gold risen astronomically compared to historical data. For years, gold held a steady price per ounce around $400, but today, it's well over $1,000 per ounce!
The chart below reflects the live price of gold at this very minute.
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