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Gold and Diamonds
quarterguy
Posts: 449 ✭✭
Does anyone know anything about gold/diamond ladys bracelet? How to determine worth and how to sell it off? I have one that was purchased for $10,000 that I am trying to sell for a friend in need. It is 14kt 2 tone bracelet channel set with (42) .04ct diamonds of J-K color and Il clarity. It weighs 13.7 dwt. There are 6 round diamonds channel set in each of the 7 rectangular links. Total diamond weight is 1.68 cts.
Shape and cut.... round brilliant cut diamonds
carat weight.... 3.5 carat
clarity.... vs2/sl1
color grade.... g-h
gold carat.... 14kt
gold type.... yellow gold
gram weight ... 21.50 grams
setting.... hand channel set with 42 diamonds
Purchased for $10,000
I have a jewelers insurance documentation appraisal where the replacement value is stated as $8995.00.
This person would take much less and I will assist in the purchase if the buyer wants to partially trade coins, gold, or silver.
Any help would be appreciated. We do not want to shop local jewelers.
PM or email me at mhnies@hotmail.com
Shape and cut.... round brilliant cut diamonds
carat weight.... 3.5 carat
clarity.... vs2/sl1
color grade.... g-h
gold carat.... 14kt
gold type.... yellow gold
gram weight ... 21.50 grams
setting.... hand channel set with 42 diamonds
Purchased for $10,000
I have a jewelers insurance documentation appraisal where the replacement value is stated as $8995.00.
This person would take much less and I will assist in the purchase if the buyer wants to partially trade coins, gold, or silver.
Any help would be appreciated. We do not want to shop local jewelers.
PM or email me at mhnies@hotmail.com
0
Comments
Worry is the interest you pay on a debt you may not owe.
<< <i>Does anyone know anything about gold/diamond ladys bracelet? How to determine worth and how to sell it off? I have one that was purchased for $10,000 that I am trying to sell for a friend in need. It is 14kt 2 tone bracelet channel set with (42) .04ct diamonds of J-K color and Il clarity. It weighs 13.7 dwt. There are 6 round diamonds channel set in each of the 7 rectangular links. Total diamond weight is 1.68 cts.
Shape and cut.... round brilliant cut diamonds
carat weight.... 3.5 carat
clarity.... vs2/sl1
color grade.... g-h
gold carat.... 14kt
gold type.... yellow gold
gram weight ... 21.50 grams
setting.... hand channel set with 42 diamonds
Purchased for $10,000
I have a jewelers insurance documentation appraisal where the replacement value is stated as $8995.00.
This person would take much less and I will assist in the purchase if the buyer wants to partially trade coins, gold, or silver.
Any help would be appreciated. We do not want to shop local jewelers.
PM or email me at mhnies@hotmail.com >>
Is this a sight unseen kind of deal?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>Is this a sight unseen kind of deal? >>
This is a "Trust me" kind of deal.
I am trying to get some advaice here not trying to rip anyone off! Are you a buyer or just a wise guy?
I asked for advice, I did not offer any a "deal" of any kind to anybody.
A third would be 3000. Others have told me 1000 to 2000. It is used but you would be hard pressed to prove it.
I have never tried to sell jewlry before but it seems whatever you pay retail you can't then sell for but for arouind 15 to 20% of the purchase price. Seems like an awesome mark up. Too much to even be fair.
This is a fact of life.
beauty and function as a piece of jewelry. Costs of
design and maufacture make up most of the "value."
If you can find an end-user who needs a pretty piece
of jewelry, you will maximize your take. You might try
EBAY and show a picture of the insurance document.
Stones like you describe are routinely purchased by
NY wholesalers for not much more than $1.00 a point.
The gold is always worth 85% of full-melt.
Since a reputable pawn-broker would be hard-pressed
to loan more than 10% of your insurance document, you
really need to find someone who wants to buy the
piece because it is pretty and functional.
Jewelry - with some exceptions - is not a storehouse of
value.
Good Luck.
storm
<< <i>I have never tried to sell jewlry before but it seems whatever you pay retail you can't then sell for but for arouind 15 to 20% of the purchase price. Seems like an awesome mark up. Too much to even be fair. >>
No, that sounds about right. Thats why a lot of people who come in to our coin shop see we also do jewelry, and we offer it an extremely low prices. We simply sell for scrap gold price.
-Paul
Those stones have very little value and the gold is under an ounce and only 14 ct, about 60% gold value is under $400, Stones are really not anything anyone would reuse.
Bottom line is ...someone got screwed. The piece probably cost about $1000 wholesale its value is strictly based upon how much someone might like the look. Mall jewelry store material.
Never buy from the mall jeweler.
I have a great source if anyone needs one just PM me.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>Let me guess, only bank wire, no returns? What the heck kind of a statement is that?
I am trying to get some advaice here not trying to rip anyone off! Are you a buyer or just a wise guy? >>
I admit, I am a wise guy, sorry, I was just poking fun.
Again, I display I am an idiot...lol
Michael
<< <i>dragon..... thank you for your input.
A third would be 3000. Others have told me 1000 to 2000. It is used but you would be hard pressed to prove it.
I have never tried to sell jewlry before but it seems whatever you pay retail you can't then sell for but for arouind 15 to 20% of the purchase price. Seems like an awesome mark up. Too much to even be fair. >>
Just based on your written description, please keep in mind that price I guessed at would be a full retail resale price for someone who really liked the piece and wanted it, a wholesale resale price would probably be significantly less as others have correctly pointed out.
In general, used gold jewelry typically brings somewhere around its melt value or a bit more depending on what it is, and usually a bit under melt to a jeweler or other wholesale buyer. Your best bet may be to put it on Ebay with some really nice pics.
<< <i>The "high value" of this type of piece is largely in its
beauty and function as a piece of jewelry. Costs of
design and maufacture make up most of the "value."
If you can find an end-user who needs a pretty piece
of jewelry, you will maximize your take. You might try
EBAY and show a picture of the insurance document.
Stones like you describe are routinely purchased by
NY wholesalers for not much more than $1.00 a point.
The gold is always worth 85% of full-melt.
Since a reputable pawn-broker would be hard-pressed
to loan more than 10% of your insurance document, you
really need to find someone who wants to buy the
piece because it is pretty and functional.
Jewelry - with some exceptions - is not a storehouse of
value.
Good Luck.
storm >>
Quarterguy, the above basically says it as well as I could have. I only had a couple of years in the retail jewelry biz, but I did learn that 1000% markups are common, with half off sales - even 70% off sales leaving a large margin.
In a word, your buyer at 10K got hosed. In the past 7 years I have bought pounds of used jewelry at 10 to 25% back of melt. It costs me 5 to 7% back of spot at the refinery. The only way I have made any profit was in the rise of gold prices.
.04 ct ( 4 point) diamonds of that grade are (and I don't have a blue sheet in from of me) maybe $800/ ct., and I would expect to buy them at 55-60% of sheet.
As used jewelry, I would never pay more than $500.00 for such a piece.
Retail jewelry is a racket. For the consumer, it is never an investment - it should be viewed like a consumable.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Why step over the dollar to get to the cent? Because it's a 55DDO.
I would have never imagined the mark up would be 1000%. Just doesn't seem like it would be possible.
Thanks again..... Michael
<< <i>Let me guess, only bank wire, no returns? >>
What knid of Jacka$$ statement is that mrpesto. I have done business with quarterguy...he is a real honest and stand up guy. He is not trying to sell it here, just get a basic value on the item.
guess you got your fivecents worth in ....... thanks for the kind words, it is appreciated!
Michael
"The original poster erred when he said the total caret weight was 1.68
carat. The 42 .04 carat diamonds total 1.68 carat, but there are also 6
larger round brilliant cut diamonds as well. If you look after his
initial paragraph where he gives the specifics it lists a 3.5 carat
total weight. So the 6 larger diamonds are just under a third of a
carat each.
Still typical jewelry store markup is 400% so if it sold for $10,000
wholesale would be $2,500. If you use the appraisal value it's $2,250.
If he needs to sell it fast that is probably all he can expect. If he
can take more time and try to find someone who wants it for personal
jewelry, he should be able to do better but it may take awhile."
Cheers, RickO
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