WHAT TO CONSIDER WHEN SELLING OLD GOLD, JEWELRY AND WATCHES
Selling an expensive watch or jewelry from an inheritance or your own past can be a very emotional affair.
In order not to be disappointed with your expectations, it is especially important to be well informed in advance about what such a sale can mean and what to expect.
DIFFERENCE IN VALUE BETWEEN NEW AND OLD GOLD
When buying a new piece of jewelry, the price includes not only the material value but also the work on the design, the production, wages and other costs incurred to produce the jewelry and finally the margin. When selling as old gold, the material value is calculated and paid out.
The same applies to watches. Here, various factors play a role in calculating the purchase price. Important is the condition of the watch, the year of production of the watch, or whether spare parts are available for the model. The price can also be strongly influenced by the demand for a certain model on the second-hand market, the frequency of the model, etc.
It is a common misconception that an expensive watch or jewelry is always a good investment. Such luxury goods already lose value after the new purchase when leaving the store and high markdowns have to be expected. Starting from the new purchase the piece is considered as "used" when reselling.
WHAT MAKES A NEW LUXURY WATCH SO EXPENSIVE?
When it comes to mechanical watches, the art of watchmaking is not the only thing that comes first. The demanding work of making a watch piece by piece requires a lot of knowledge and time - and that costs money. But you also pay a lot of money for the brand name and there you also pay for the advertising and the image.
If a special model is no longer available or is only produced in small quantities, the expensive watch becomes even more expensive. These are factors that make the price of a new watch soar, but which usually do not count towards the second-hand sales value.
WHAT MAKES (BRAND) JEWELRY SO EXPENSIVE?
Here too, you pay for the name, prestige and margin. A good part of the new purchase price is also the design and the goldsmith work of the piece of jewelry, a value that is not taken into account in the sale as old gold.
HOW DOES RENT A BOX CALCULATE THE PRICE OF OLD GOLD?
The basis for the price of old gold is determined by the current daily gold price. It also plays a role that we, unlike the many old gold buyers, do not give all jewelry and old gold to melt. A large part of the valuables gets a new chance for a happy end. With us, pieces of jewelry are lovingly and elaborately refreshed and repaired and thus come back - like new - in sales.
VALUE OF GEMS AND DIAMONDS?
Most gemstones and diamonds can hardly be sold individually. The exceptions are large and high-quality diamonds and certain rare gemstones. Also, factors such as frequent wearing and abrasion, demand by the current fashion-trends, and of course the current gold price can reduce the sales value.
