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When you take a look at your jewelry box you might realize that you have pieces that you have not worn for a while. If that is the case you might have money that you can be using for other purposes such as; paying off debts, donating to some organizations, trying new experiences or even getting a new stunning piece of jewelry. Gold prices are racing to new highs, this can push the precious metal prices to a record high in the coming months. In a twenty year chart, gold prices hit highs in 2011 when the gold spot price touched the $1,917. Today July 28th, gold is at $1,901.30. Here are some tips that will allow this process to be easy and smooth.
5 tips you should know before you sell your jewelry:
Jewelry is easy to buy and collect over a lifetime. The hard part is departing from it or selling it. At one point you have to let go, especially something you have not worn in years. Think how attached you are to your items and how valuable they are.
1- Know how much they are worth: The sentimental value you give to your beloved piece has no comparison to the Fair Market Value (FMV) of your jewelry therefore, we suggest having them appraised. An appraisal certifies the retail replacement value which is normally required by insurance companies. Getting items appraised is a very important process everyone should do. An appraisal is a document that describes your item in a detailed way: what materials it is, stones, metals, sizes, colors, etc. It will also give the insurance company a replacement value according to the amount it was appraised for. This does not mean you will get full price when you try to sell it; it is for insurance purposes only. Jewelry items are sometimes like a car; as soon as you drive it off the lot, it depreciates. That is not the case with all pieces of jewelry; if it's unique or rare or something of a quality it will always hold its value.
2- Research online business: As technology improves so does the way people do business. There are websites where you can send your jewelry, get an offer and a check in the mail. However, be aware that BBB has received many complaints about online business such as; failing to return the jewelry, send payments to customers or nor receiving the amount promised. If you still choose to send your jewelry to an online business make sure to check their reputation and reviews on Google or Yelp. Also take pictures of your jewelry before sending it and finally ship the package insured and with some type of delivery method where you can be notified about the details and tracking information.
3- Visit local stores: Visiting a local shop might be still the best way to sell and get the most money for your pieces. Just like the online business you should check their reputation & reviews on Google or Yelp. You can visit coin shops, pawnshops, consignment and jewelry stores.
4- The Process: Appraisers at stores will perform a detailed description of your pieces. If you are selling diamonds, they will check their size, color, cut and clarity. If you are selling other gems, they will check their size, color and if they are genuine or synthetic. When selling gold, the appraiser will determine if the metal is platinum, 18k, 14k, 10k or sterling silver. As prices of gold are fluctuating daily, the price of gold can change from one day to another. It is important to know the price of gold the day you are selling it. Click here to check our website link for gold update. Gold will be checked for stamps or if the piece is quite old and the stamp has disappeared, a gold test will be performed. This will determine the melt value or scrap value of the precious metal valued together with any other gems. The melt value is the amount of money that you will be offered.
5. The Offer: After a complete analysis of your jewelry, you will be given an offer. Some stores will offer you a consignment agreement which is always more value than the melt value. You will receive a payment upon the sale of your piece deducting the store fees. This is a great deal if you are not in a hurry to receive the money. In other circumstances, you will be offered a check or cash for your jewelry.
At South Miami Jewelers, we buy pieces every day, therefore we have a large selection of Estate Jewelry, from diamonds, gem stones to antique and unique watches. When visiting us, we’ll help you make the best decision on how to get the most from your items. Even if you do not know how much your jewelry is worth, we will be able to help you and safely assist you. Our business is a reputable store with 37 years of experience and 100% customer satisfaction. Check our Five Star Reviews in Google.
Come and visit us or make an appointment to get a free estimate of your jewelry value. We are experts in this field and can offer you top dollars for your pieces and the highest price in the market or offer you the consignment option.
At one point in our lives we will all own a watch to tell time or to be worn as a treasured jewelry piece. Watches come in many price ranges, from inexpensive and simple, to high end luxury watches. What you need to know is why you need or want a timepiece: for work, play or both. That is what makes researching and purchasing a watch somewhat challenging for some people.
Today there are many types of movements; from mechanical to quartz (mechanisms). Mechanical movement watches are automatic self winding movements made of many jewels, different gears, wheels and more. These types of watches do not require batteries and they can run daily without stopping. Some movements can run from 36 to 48 hours without being worn.
- Power Reserve
You will find some automatic movements that have a power reserve of 5 to 8 days. This feature requires a main spring of high quality which can be found in higher end and luxury watches.
Most mechanical watches come from Switzerland or Germany. They are known for their quality of workmanship, reputation and history in the art of watchmaking. Some even have a long line of family history which still continues today. Nowadays, with the technology and equipment they have at their disposal, the creativity of mechanical movement has gone to the next level. We find movements that chime, moving figures & scenes on the dial, complications and they are constantly discovering new materials to work with to make them lighter and stronger.
3. Watch cases
Movements are kept inside watch cases. They come in different materials to choose from: such as stainless steel, gold, titanium, sterling silver, etc. The case material will have an impact on price. Stainless steel watches are very popular because they are easy to wear, elegant and come in many budgets. Titanium is light and durable with a matte finish look. Gold and platinum cases are reserved for luxury watches. Watch cases can be adorned with diamonds or semi-precious stones to make it an artistic piece of jewelry as well as a timepiece.
- Water Resistance
Watches come in different grades of water resistance; it ranges from 50M (light washing hands and no swimming) to 100M (washing hands to shower rain, but no swimming). This will be the case for dress watches. 200M means you can swim, dive or anything water related. Depending on your lifestyle you will choose a watch that fits your needs. Divers watches have 200M due to their case and crown features. These watches also have a lock down crown system and screw back case to insure air tightness. Extreme diver watches have special escape valves built in to release excess pressure build up within the watch case.
Today most watches come with a synthetic sapphire crystal known for their durability and strength which prevents scratching. Other models could have a mineral crystal which is glass or a plastic crystal that scratch a lot easier.
They come in different variations and materials from exotic leather straps, such as alligator, crocodile, lizard, etc to stainless steel, gold and platinum. Leather strap watches are comfortable to wear but if you live in a hot and humid city, leather bands will have a shorter lifespan than stainless steel. The same applies to your everyday activities; such as getting your hands wet due to sweat and transpiration. Stainless steel bands are durable, they can easily scratch but it can be polished to remove dents & scratches. This also applies for yellow gold, white gold and platinum watches. Polishing service should be performed by an experienced person so they know not to take much material (gold) from the band.
All watch movements eventually need maintenance; it's like a car that needs a tune up to keep it running. A watch needs a tune up every three to five years . All quality movements have jewels which require a special oil for the wheels to keep the movement properly lubricated to prevent any friction within the wheels to keep perfect time. South Miami Jewelers have master watchmakers that can work and perform the necessary service required to keep your favorite timepiece working for a lifetime and keep it in its original condition. All our services come with a one year warranty. All our work is done with original parts, polished, serviced and pressure tested to manufacturer standards.
Victorinox also known as Swiss Army, a watch brand with a long history of proven quality and watchmaking, is always coming out with new ideas and models. They provide simple ladies & men quartz watches; like the Maverick that are for everyday use such as business and play. Some Victorinox quartz models have end of life indicators to let you know that it is time for a new battery and to bring it to us for a new one. Victorinox also offers a variety of battery operated chronographs, which means you can use it as a stopwatch, which can be used for exercising, timing or even a reminder.
They also make automatic watches like the Airboss Collection and the Mach 8 which is an automatic chronograph in a black PVD case, pilot features, skeleton case back to show the movement in action. Limited edition. The I.N.O.X. collection is for the water person that wants a watch that can handle the daily abuse of water. The case is made up of one solid piece of stainless steel to ensure it can handle the pressures of the deep ocean diver. There is only one other company with this feature; “Rolex” at a much higher price. The I.N.O.X has a lock down crown and a case back that allows it to go 200 meters or deeper.
- Colorless Diamonds (D-F) where D/E are colorless and F colored diamonds
- Near Colorless Diamonds: (G-J)
- Faint Color Diamonds (K-M)
- Very Light (N-R)
- Light (S-Z)
We all have those special jewelry pieces that we love to wear all the time. As with anything we wear, our jewelry also suffer some from wear and tear. A good cleaning every so often helps to keep our pieces looking beautiful.
We are sharing these helpful jewelry cleaning tips to keep your jewels glittering this holiday season.
Here are a few ways to keep those treasured pieces looking their best...
Diamond & gold:
Let your jewelry soak in warm water with a few drops of dish soap for about 10 minutes. Use an old toothbrush clean them and rinse them well. Repeat the process if you see still some dirt.
Pearls, Emeralds, Opals and Corals:
These stones are porous stones that can be easily damaged. It is better to quickly place them in lukewarm water with a few drops of baby shampoo, rinse and softly clean with a dry cloth.
It is recommended to have your jewelry professional cleaned at least once a year. A complete cleaning will not only leave your pieces like new but qualified jewelers also will check your prongs and settings. If you are in the South Miami area, pass by South Miami Jewelers for *FREE* quick cleaning.