“I was recently given a gold gemstone ring and am looking to sell it. Is it possible for you to remove the gem and buy the gold? If so, how much can I expect to get from the ring or is it better to just sell the ring as is?”
Thanks, Shelly – Houston, Texas.
First off thank you for your question. As a gold refining company, we do not remove gems or diamonds from jewelry as a standard. However, Arch is equipped for gold recovery after a gem has been removed, but we will need the rings weight in order to establish a proper estimate. Once we have that information, we use the following payout schedule to determine the amount of money you will receive in return for your gold jewelry.
- 70% if customers send in less than 0.5 fine ounces.
- 80% if customers send in less than 1 fine ounce.
- 85% if customers send in less than 2 fine ounces.
- 90% if customers send in more than 2 fine ounces.
- More than 90%, based on frequency and volume of shipments.
Another aspect we consider with gold recovery is the number of karats the jewelry is comprised of. Based on its karat, we can determine its purity and overall worth in order to give you a proper estimate for its value. For more information on Karat options, visit our website about gold jewelry. If you would like to get your ring appraised as is, we recommend contacting your local jeweler.
We find that in cases like class rings or old jewelry (but not considered an antique) the gold value can be worth more than the resale value of the ring as a whole. Our recommendation is to see if you can sell the gem as is once it is removed. Or even reusing the gem for a new piece is a common practice. If you think you have an antique or rare type of ring, get it appraised as is.
We appreciate your inquiry and hope this helps with determining the best option for your gold ring. Should you decide to sell us your gold, here is our packing slip.
*Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.
While we are happy to give estimates on precious metal items, we are NOT antiques dealers, researchers, or retail sellers. As a precious metal refiner, we only consider the weight and amount of precious metal available to extract during the smelting and refining process.