[Jewelry making - Article 00081] - Re: [Orchid] Estate jewelery buyers - fair & honest?

[David Barzilay Lord of the Rings]

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>       I personally figure that $4 or $5 per gram is fair 

    So you would buy at 33 - 45% off new gold of the same karat. And
    would that include the weight of any minorstones in the settings? 

    Yes, to the gold question, because of the risk I'm taking in buying
    unknown gold. As to stones, if they're diamonds, or stones with some
    value to me,  of course I pay customer for them, in addition to gold
    value.  Any other stones, mostly the value is negligible. 

>            By "fake" do you mean legit gold filled stuff, or do you
>     mean stuff that's been engineered to con you? 
 
    Either one. 

>     I NEVER re-use the old gold for manufacturing.  I sell it to a
>     refiner and buy pure gold or casting alloy. I would guess that's
>     for liability reasons, but a refiner charges a fair bit, doesn't
>     he?   What's a typical fee for a small lot like an ounce or two? 

    Actually, it's because I want to sell a quality product, and I cannot
    control the quality of metal which I use unless I control the alloy. 

    Fee is not high, and is built into the transaction. Example: I have
    one Troy ounce of mixed scrap gold, which is theoretically 14K.  It
    assays at 13.6 Kt. The refiner will pay me for the amount of pure
    gold (less than an ounce )  I can have a check, but I usually let him
    pay me in fine gold OR casting grain. You'll have to shop around in
    your neighborhood. 

    By the way, the assayist should be a different person than the gold
    dealer/ refiner. (Eliminates teptation.) 

David Barzilay
Lord of the Rings
607 S Hill St Ste 850
Los Angeles, CA 90014-1718
213-488-9157




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