What is a gold exchange
A person who has jewelry that is broken or out of fashion can always sell it or exchange it for a new one. Craftsmen process such products and give them new life.
Jewelry stores exchange old gold for new without any problems; you just need to pay a certain amount and choose another product you like.
Jewelry should also be donated in cases where a gold item was found or was inherited by a person. Metal absorbs someone else's energy well, and if the previous owner, say, died of a serious illness, then, of course, it is better to hand over such jewelry. It's the same with things found, who knows who the previous owner was.
The following cannot be exchanged for the promotion:
- rough diamonds and semi-finished products;
- precious metals in native and refined form, as well as in raw materials, alloys, semi-finished products, industrial products, chemical compounds and industrial and consumer waste;
- semi-finished products for jewelry and dental prosthetics (except for crowns and discs);
- products for industrial and technical purposes made of gold, platinum, palladium and silver (plates, wire, contacts, laboratory glassware, etc.);
- precious stones - rubies, sapphires, emeralds, alexandrites, as well as raw natural pearls;
- orders and medals, except commemorative and anniversary (nominal) ones, containing precious metals;
- products containing precious metals and precious stones and withdrawn from civil circulation or limited in circulation (edged weapons, firearms with decoration, etc.)
Any precious, semi-precious or artificial stones are not accepted for exchange. All stones are removed from the items being delivered and returned to the buyer.
Before handing over scrap, we recommend that you familiarize yourself with the assortment presented in the “Luxury of GOLD” jewelry store and consult with a jeweler about the approximate weight of the scrap that you want to hand over under the “Gold Exchange” promotion.
How to avoid falling for scammers
No one works at a loss, and this primarily applies to working with jewelry. Before you go to replace your old jewelry, find out the cost of gold per gram, as well as the price of the item itself. What if it turns out that this piece of jewelry belonged to some noble person in the 18th-19th centuries, and now true art connoisseurs are ready to pay a huge amount of money for it?
However, it is worth understanding that the situation may be completely different. Gold may not be real, but an ordinary base metal coated with gold paint or gilding.
In order to be sure of the authenticity of the metal, first of all, you can conduct several experiments at home. For example, a product can be brought to a magnet - pure gold will not be attracted.
You should not talk about the fact that you have precious jewelry that you want to exchange. Your words can become bait for scammers and thieves.
Features of the exchange procedure
Owners of antique jewelry can contact specialized stores and return the items. Craftsmen melt them down and turn them into new modern rings, earrings and brooches. You can pay the difference between the cost of your own and the purchased jewelry and receive the latter after the exchange.
You can donate gold to jewelers only if it was inherited or found. This is especially true for jewelry that belongs to deceased people. Astrologers do not recommend wearing them, because the metal has absorbed someone else's energy. Before contacting jewelers, you need to independently find out the cost of the product and the gold standard. In rare cases, you may come across jewelry that belonged to historical figures. Today such items are highly prized by collectors.
Sometimes there are fakes, you need to check the precious metal at home. First, bring the jewelry to a magnet; real gold is not attracted to it. Then it is dipped in vinegar or iodine. The jewelry will not darken, unlike cheap alloys. After this, you can change your decoration to a new one.
How does the exchange take place?
Each point that provides gold exchange services may set different conditions. However, all exchange points operate according to the same scheme. First of all, the master evaluates the appearance of the product. The jeweler must determine whether the gold is exchangeable, whether it is damaged, and whether it can be used for recycling.
Next, the owner must leave his product for examination. It is necessary to determine the authenticity and sample. This often takes several days. If the result is positive, then the exchange is carried out. The jewelry must be weighed in front of the client and all terms of the transaction discussed. If gold is to be processed, it is necessary to clarify the appearance of the future product and the cost of additional work.
If the client wants to return old gold in exchange for new gold, then he needs to calculate the difference that needs to be paid. There are also cases when the master refuses to accept the jewelry due to the presence of any defects. In this case, you need to find another exchange point that will agree to accept such gold.
Exchange old gold for new
Exchange old gold for new . The service is offered by a number of jewelry stores. The client brings his gold and receives new gold in return. It is purchased, naturally, in the form of jewelry and souvenirs, for example, golden spoons. Why is the exchange necessary, and under what conditions does it take place? Let's figure it out.
Reasons to trade in old gold in exchange for new gold
Those who follow jewelry fashion tend to sell old gold in exchange for new gold Like changing clothes on the catwalk, jewelry is losing its relevance. Not everyone is ready to wait until the time of retro fashion comes.
Spend money on new jewelry too. Exchange of old jewelry for new ones becomes a solution. By handing over unnecessary items for recycling, clients of jewelry stores choose new, up-to-date items.
The exchange of old jewelry for new ones is justified, as well as if scrap is given away. These are single earrings, broken chains, bent rings, in general, jewelry that is not wearable.
They may be fashionable, but the condition of the products does not allow this fashion to correspond. Exchange allows you to get rid of unnecessary things at a profit. The latter is not only about purchasing new jewelry.
The benefits of exchanging old gold for new
The conditions for exchanging old gold for new ones are more profitable than regular purchases. The latter is also available in a number of jewelry stores, but takes the metal at a price tag 20-100 rubles per gram lower than during exchange. Business owners make concessions to increase sales. It is more profitable not only to enrich yourself with gold, but also to sell your goods.
Jewelry not only goes out of fashion, but also ceases to correspond to the tastes of the owners. The once beloved angular aggressive shapes, for example, want to be replaced with something streamlined and delicate. Monotony gets boring, and not everyone has the opportunity to acquire a wide range of diverse jewelry.
But, there is a chance to give yourself a gift by exchanging boring gold. There are no restrictions on the range from which you can choose a new piece of jewelry. The client examines any product in the store.
Clients have the right to choose new items for a greater or lesser amount than the advertised price for old jewelry. In the first case, the consumer pays extra money. The second option allows you to purchase jewelry on favorable terms and return part of the funds.
However, in the conditions of exchanging old gold for new, there are also disadvantages for consumers. We'll talk about them in a separate chapter. In the meantime, let’s find out the price per gram of gold when exchanging it.
Price per gram of gold when exchanging old gold for new
The exchange of old jewelry for new ones at Jasper Gold , Adamas and other jewelry stores follows approximately the same pattern. Only the cost of a gram of metal varies. The exchange of old gold for new at Sunlight , for example, is at the rate of 1,450 rubles per 1/1,000 kilogram.
At Zolotoy they promise up to 1800 rubles per gram. "Adamas" exchanges old gold for new at a rate of 1,300 rubles. A number of salons set a single price in Russia. But, most businessmen vary the payment per gram depending on the region and the economic situation in it.
Examples of prices per gram of gold when exchanging old metal for new are given for the 585th sample of metal. This is the pink alloy beloved by Russians. It contains 58.5% gold. The rest is a ligature consisting mainly of copper.
This is what gives the jewelry a pinkish tone. In a 750-carat alloy, for example, the ligature is already 25% and the color of gold “wins.” The jewelry has a pronounced yellow tone. By the way, for 750-carat gold, at Sunlight they give 1,765 rubles.
At Zolotoy they pay almost 2,000 per gram of the yellow alloy. At Adamas they limit it to 1,650 rubles. The list of jewelry stores can go on and on. In different networks, price tags almost never match.
Salons that lower prices rely on the prestige of the brand, design and choice of jewelry. The store may have models that are not available in other retail outlets.
Then you come to terms with the loss of hundreds and thousands of rubles, realizing that you will still get the desired jewelry at a profit. The popularity of the brand, whose emblem is emblazoned on the purchase, is also attractive.
Restrictions on exchanging old gold for new
When exchanging, old gold refers to jewelry that has become obsolete. Metal in the form of wire, contacts and other elements from equipment is not accepted. They also do not accept awards for exchange, such as orders.
Arms transactions are prohibited. It can be inlaid with precious metals and stones. The latter, by the way, do not accept exchange offices even for jewelry. Only gold is assessed. The cost of stones is usually not determined.
The client is free to leave the crystals or ask them to remove them and take them with them. However, they may charge you for the latter service. This policy allows salons to enrich themselves. Without realizing the value of the inserts, and not understanding what to do with them, consumers part with enviable stones.
It turns out that it is profitable to exchange old gold for new in “585” and other salons only by bringing scrap without inserts, engravings and other decorations that cost money, but are not taken into account at the collection points.
Only about 20% of the stones are valued, setting limits on the list of minerals and their condition. Typically, diamonds, emeralds, rubies and sapphires are exchanged. However, they are valued only in processed, faceted form.
In jewelry, especially designer ones, there are inserts in the form of solid crystals. They are trendy, spectacular and emphasize the natural origin of gems. However, exchange offices will not appreciate such delights.
Having taken the stones from the items handed over for exchange, they are usually inserted into jewelry ordered from jewelry workshops. In this case, a gift to yourself, a loved one or a colleague is cheaper. The master takes money only for work and metal.
If you have scrap silver left at home, which is accepted by exchangers at ridiculous prices, or not accepted at all, it is beneficial to order a silver jewelry, coin, or souvenir with gems left over from the gold from the jeweler. You will have to pay solely for the work.
The age of the client also becomes a limitation when exchanging old gold for new gold. Transactions are made only with those over 18 years of age. Age is proven by presenting a passport.
The process of evaluating old gold when exchanging for new
Exchange offices provide a list of accepted gold samples. A number of salons even work with the 375th marking. Precious metal in products containing it is only 37.5%. In modern times, such gold is considered technical.
Most stores only exchange alloys of the 583rd, 585th, 750th, 850th, 900th and 999th samples. The latter is almost pure gold. This is used in bank bullion coins.
Banknotes are often produced in limited editions, decorated with patterns and engravings that carry cultural and historical value. When handing over coins, only the gram of banknotes will be taken into account.
The sample and weight of the products handed over for exchange are determined by the client. The marking is checked using chemical reagents. They are applied with the consent of the owner of the jewelry. If the metal sample is not confirmed, the salon employees refuse the transaction or change its terms.
Stones are removed from jewelry, checked and weighed in front of the client. To determine the authenticity of gems, there are a number of devices that do not require the use of reagents, that is, the crystals remain intact.
Reviews about exchanging old gold for new
Exchange of old gold for new is controversial. The advantages have already been described, so let’s focus on the problems. On the “Family Site”, a certain Nastasya writes: “I looked at a set of ring and earrings at the Bronnitsky jeweler.
The saleswoman changed her tone upon learning about the exchange. I went to work some magic on the scales, declaring after a couple of minutes that they were broken. As I understand it, the hassle of exchanging is entrusted to the sellers. They don't benefit from messing around with me. At this time, clients who are ready to give real money leave.”
Mark Korzhikov also shares his sad experience on one of the Internet forums: “I wanted to exchange scrap gold at the MUZ. There they politely told me to screw myself. They said the promotion was only valid on weekdays. I came to the conclusion that the exchange is just a lure and advertising, nothing more.”
It turns out that a service presented as an easy and pleasant service sometimes turns out to be a journey that humiliates consumers. However, a number of jewelry stores keep their word. The only question is whether you will be lucky to get to conscientious businessmen the first time and whether they will have a piece of jewelry that you will like.
Exchange cost
The price of exchanging old gold jewelry for new ones depends on many factors. The main parameters that influence this are the type of product (earrings, pendant, chain, etc.), as well as the complexity of its implementation.
Moreover, many jewelers pay special attention to the condition and appearance of gold jewelry. The master may refuse an exchange if there are all kinds of defects. It should also be remembered that the cost of gold per gram when accepted may vary in different jewelry stores and pawn shops.
Jewelry exchange rules
Many people want to use the store’s service and replace a tired, out-of-date product with a fresh one. It will not be possible to exchange gold gram for gram, since salons accept the metal cheaper than they sell it.
The client's surcharge depends on the weight of the jewelry and the established price for a new one. Rules for concluding a deal:
- The client must have Russian citizenship and be an adult.
- It is permissible to submit products with or without sample.
- When purchasing, the store takes into account only the weight of the metal, without inserts and stones.
- You can donate precious metal scrap: broken, damaged, torn, etc.
The salon looks only at the weight of the product and the compliance of the supplied sample with the purity of the metal. The condition of the jewelry is not important as it will be melted down.
What not to do when exchanging
Trust your gold to strangers. Let's say you come to a jeweler who works from home. Even if he was recommended by a friend, this does not stop the master from slightly deceiving you.
He can take your jewelry and exchange old gold for new. But how do you know that it is gold without impurities and the required purity?
Another important caution: do not leave your jewelry as collateral. If you are offered to leave an item for the evening to be examined, be careful and beware of small private shops, since in the morning your item may no longer be there.
Requirements for decorations
Most often, most exchange points do not impose any requirements on jewelry. However, there are certain nuances that you should pay attention to:
- often items of 350-850 samples are taken for exchange;
- There may not be a sample on the item, the main thing is that the authenticity must be confirmed by examination;
- Only adults who are financially responsible can participate in the exchange;
- when exchanging, it does not matter what style and design the jewelry has;
- in most cases, the exchange of gold jewelry for new ones occurs on a “weight for weight” basis, however, additional payment for work may be charged;
- if there are inserts of any precious stones, then only the weight of the metal will be accepted for exchange, so it is best to use precious stones separately, for example, there are points for exchanging precious stones.
How to return gold jewelry to the salon
In some cases, the buyer is disappointed with the purchase: jewelry is often bought as a gift, and sometimes he is faced with the fact that the lovingly chosen ring does not fit, the chain is too short or, conversely, long, and the bracelet has an elaborate or too simple design. The first thing that comes to mind is to return the jewelry to the store. And here the buyer faces a problem: jewelry cannot be exchanged or returned.
You can get your money back if a defect is found on the jewelry. Then the purchaser has the right to demand that it be eliminated if possible, the cost reduced, exchanged for a similar product, or a refund. Often the presence of a defect needs to be confirmed by examination.
If the chain or bracelet simply does not match in appearance, then it cannot be returned. And they can either gather dust in a box or go on a buying spree at minimal cost.
In this situation, you can try to use the service of exchanging jewelry for new ones: the loss in price will also be noticeable, but still not as much as when selling at a pawnshop.
Where is the exchange carried out?
Old gold can be exchanged for new gold in stores, workshops or pawn shops. Each of the three cases has its own nuances, advantages and disadvantages. Therefore, each of them needs to be considered in more detail.
Pawnshop. In this case, the seller can exchange the client’s product for any existing one with a certain surcharge. By choosing this exchange point, you should not count on any very advantageous offer. Consultants always count gold at a low price. The client will have to either choose from cheaper options or pay a hefty amount extra. The only advantage of a pawnshop is saving time.
Private jeweler. In this case, it is not necessary to exchange gold jewelry for new ones. The craftsman can recycle old gold into any product; you will only have to pay extra for the jeweler’s work. It would seem that this option is the most profitable, however, there are some nuances here too. There are a lot of scammers among private masters. Therefore, having chosen a jeweler and decided to exchange old gold for new gold, you need to collect reviews from friends, relatives or other clients about him. The main advantage of this option is the opportunity to choose an original decoration for yourself.
A jewelry factory operates in the same way as a private owner. However, in this case the risk of encountering a fake is minimized. You simply have to put a sample on the decoration. If we talk about shortcomings, the client may not always get the result he expected.
Sell or exchange gold – which is more profitable?
The client saves by paying part of the fee or no additional payment at all when purchasing a new piece of jewelry. The salon’s turnover is increasing, which gives it an advantage over its competitors.
Stores usually offer to buy gold from the client at a higher price than pawn shops. This is explained by the fact that the jewelry is exchanged for another, and not given money in hand. The price of a new product already includes the excess amount, covering the difference between the price of acceptance at a pawnshop and a store.
The salon buys jewelry from the client at 2-3 times cheaper than selling a new one. The exchange is beneficial to the buyer if he has already picked up a certain product in this store. It’s easier to hand over your old jewelry and pay a little extra than to pay the full price for a new one.
In order to sell gold profitably, you need to take into account not only the price at which it will be purchased by the salon. As a rule, stores that offer more per gram of metal sell jewelry at a higher price, and vice versa - those who buy it at a low cost sell it cheaper. However, it is worth considering that some not-so-honest stores deliberately violate this rule. Therefore, other factors need to be taken into account.
Any salon regularly holds promotions, offers discounts and other advantageous offers. But when exchanging, the client cannot take advantage of these bonuses. Therefore, you need to calculate the following options:
- sale of an old product and purchase of a new one, which is subject to the terms of the promotion;
- exchange in the store for a new decoration.
Often the first method is more convenient and profitable for the buyer. The main thing is to find a suitable offer that suits your conditions.
If the jewelry is old, you should not exchange it for a new one. In such cases, the composition of the alloy varies significantly, so it can be sold at a higher price than taken to a store. In addition, emeralds, diamonds, sapphires and rubies are often used in antique pieces. In modern products, natural stones are rarely used or have significantly different cuts. It would be more profitable to hand over unique jewelry to a second-hand store or a private craftsman.
Refusal to exchange
Although this may seem strange, even in this area there are a number of reasons that can become grounds for refusing an exchange. It is better to familiarize yourself with them in advance so as not to do unnecessary work. At most points you cannot exchange:
- diamond semi-finished products and raw materials in ingots;
- weapons with precious metal trim;
- all kinds of antique objects with precious trimmings;
- orders or awards, with the exception of gold badges and commemorative coins;
- gems;
- industrial gold (laboratory equipment, wire, etc.);
- items for dental prosthetics (gold bridges, etc.).
Don't be afraid to exchange old gold for new. Pamper yourself with exquisite jewelry, but do it in trusted places.
Comments: 11
Your comment (question) If you have questions about this article, you can tell us. Our team consists of only experienced experts and specialists with specialized education. We will try to help you in this topic:
Author of the article Evgeny Nikitin
Consultant, author Popovich Anna
Financial author Olga Pikhotskaya
- Irina
09/01/2021 at 15:54 Novocherkassk, the cost of accepting gold for exchange is 585.....
Reply ↓ - Marina
08/25/2021 at 03:51Lost or stolen a gold chain with a pendant...if a person brings it to your store, can he easily exchange it for new jewelry?
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Anna Popovich
08.25.2021 at 21:11Dear Marina, unfortunately, when accepting gold for exchange, it is not possible to identify the owner, so this option for selling stolen jewelry is realistic.
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06/07/2021 at 05:15
I donated 585 gold, 3 grams, and bought a product 3.64 grams. 585 samples Paid 7740 rub. Am I being deceived? It only arrived at home.
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- Olga Pikhotskaya
06/07/2021 at 13:27
Lena, good afternoon. Your gold was accepted as scrap at a lower price. Calculate the difference between the cost of buying gold from a jewelry store and the cost of selling it.
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05/13/2021 at 21:56
You can use a new 573 ring and return it to a new 585 ring with an additional charge.
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- Anna Popovich
05/13/2021 at 23:25
Dear Ramzia, no, products made of precious metals, with precious stones, made of precious metals with inserts of semi-precious and synthetic stones, cut precious stones are included in the “List of non-food products of good quality that cannot be returned or exchanged for a similar product of a different size, shape, size, style, color or configuration.”
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03/21/2021 at 00:01
Hello, I want to ask for a gold chain with an additional payment for another chain
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- Olga Pikhotskaya
03/21/2021 at 00:42
Ekaterina, hello. This can be done at a jewelry store that provides this service. For example, SUNLIGHT.
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09/27/2020 at 08:40
We would like to exchange the old chain and earrings for a chain without additional payment.. At what price will 585-carat gold be accepted?
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- Anna Popovich
09.27.2020 at 18:39
Dear Anna, each exchange point sets its own prices and conditions for the provision of services. We recommend that you compare the conditions of organizations operating in your city.
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