Topic: - (Read 1239 times)

Jewelry selling above retail price 7 years after purchase from a private owner is going to be the longest stretch of sale I've ever seen. I buy precious metals on a daily basis. This is probably a nice piece, don't get me wrong. Mark up on jewelry from a retail shop is 800%-1,000% of melt value of the item. Melt = Spot Price $1,300 / 31.1(troy oz) =$41.XX for one gram of 24K gold. 14k gold is 58.5% gold content. The rest is alloy. So $41.XX x .585 = $24/gram aprox. gold worth of this item. $24 x 10 grams = $240

Diamonds under half of a carat(less than 50 points) are worth around 20 cents to 60 cents a point on the market. Once 1/2 carat or more is achieved, Diamond value increases into the $100's and $1,000s. My educated guess would be that the bracelet contains aprox. 4.5-5 Carats total worth of diamonds, or 450/500 points. To be fair, 500 x .60 =$300

With a total wholesale worth of aprox. $540.00, the retail on this bracelet should be no more than an enormous 1,200% markup = $6,480.

1,000% = $5,400

800% = $4,320

If you do have a local offer for $6,000 , JUMP, RUN, & SWIM if you have to. $6,000 is a very, very good offer. Especially considering if you were to take it to a gold buyer; Be it a jeweler or melt buyer(hint:jewelers often buy at melt just as everyone else, and sometimes pay less than regular gold buyers such as myself.)

That would probably be the best thing to do if you want to sell it online and get a receipt, you can then scan it or something and post it up here. By the way this is a shameless plug but I wouldn't mind making a ring/necklace for a much lower price for you I'd just need the size for the ring and a necklace is a lot easier. I'd only charge for the materials and a bit of extra markup. Nothing at all like what those Jewellery stores you went to would charge but I guess going by that bracelet their stuff is a lot more complicated.

+1

You are going to need more details for people to give you offers.

Is it 10k 14K? Whats the gram weight of the gold? The millimeter size of the round stones? Approximate millimeter size and number of baguettes? Color/Clarity of the stones?

Holy crap, 9k? If you don't mind me asking was the store trustworthy? I'm a learning Jeweller and I've hard all sorts about casting pieces and the like being developed really cheaply. For the record I couldn't at all afford that bracelet because I'm just a student really but I'd be interested to know if it was hand-made etc. as I hope you haven't been ripped off. My reasoning being is like Dalkore said even if you've got .925 metal it shouldn't amount to much more than a couple of thousand, you've probably been charged some outrageous markup in the past.

I'd just take the £6k offer if I were you because I bet it's going to be much lower elsewhere or people just won't buy it because you don't really have much proof it's genuine gold/silver that you've posted up.

I feel that, I see what your saying.  You're just not "motivated" enough.

Honestly, you are not going to get 9K for this.   I would think about a more reasonable price.    People quote prices that contain dealer markup.  I would say for this, the 5-6K range is more likely to get you more action.

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