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Working Out The value of gold

Ok. So you have some gold that you want to scrap but your not sure who really offering the best price. Its really easy to work out the value of gold. In order do do this you need to know a few things

1) Weight of Gold you have – grab yourself a set of scales and weigh your items

2) Current price of gold – grab it from kitco.com its quoted in $ per troy oz

3) Carat of the gold – get this by checking the hallmark ( we have a post on this already )

Once you have got all this information you can work out the value of gold in the item. The formula below will tell you the current value per gram for the carat of gold you want :

( Carat of Gold /24 ) * Gold Price $per troy oz ) / 31.1

Then just multiply this by the number of grams of gold you have in dollars. Viola you know the value of the metal in the jewellery. Its imporant to note that if you jewellery is set / enamelled etc you can include this in the weight as its not gold and people offering to scrap it for you will not pay out for extra weight thats not gold.

Now you can go in with you eyes open as to what price someone should be willing to pay for your scrap.

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Categories: Old & Antique Jewellery.

By jane
— December 5, 2010 at 5:06 pm

Is Onyx Natural or Manmade?

“Is onyx natural or manmade?”
Onyx is natural, and chemically speaking it is a cryptocrystalline  type of quartz.  It is normally black in colour, but it can be found in a plethora of different colours.  The layers or different colours which are present in onyx make it very sought after for carving.  This is because it is easy to use the different layers to build up one coloured image with another as a background.  It is a semi precious stone, but is readily available so its value is not very high.  It is used widely in making necklaces, bracelets and pendants, but is also widely used for making ornamental objects and statues.

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Categories: Diamonds & Precious Stones.

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By jane
— April 23, 2010 at 5:02 pm

What Does EP stand for?

“In gold bracelets what does EP mean?”
EP stands for Electro-Plating, and is a technique of gold-plating a cheaper base metal, normally silver or copper.  This means that the bracelet would not be solid gold but only has a very thin layer of gold over the top.  Its great for carrying off that gold look on a budget, but don’t be fooled into thinking you are getting a bargain as electro-plated gold bracelets do not have any of the intrinsic gold value which solid gold bracelets do, even if the plating is a high carat value.

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Categories: Gold.

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By jane
— April 9, 2010 at 10:34 am

Where can I get quartz from?

‘Where can I get quartz from?’

Quartz is a naturally occurring stone type which is readily found throughout the UK.  It is a relatively inexpensive, but absolutely beautiful form of semi precious stone which can be cut into fantastic crystals.  Quarts crystals will refract light creating wonderful colours when light is shone through the crystals.  You can buy quartz at many art stores, gem stores, jewellery stores, tourist shops and art galleries throughout the UK.

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Categories: Diamonds & Precious Stones.

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By jane
— March 30, 2010 at 4:48 pm

How do I know what size of wedding ring I should buy?

“How do I know what size of wedding ring I should buy?“

You can get your ring size measured by any store which sells engagement or wedding rings for free.  Sometimes you are able to print off do-it-yourself ring sizers, but there can be huge inaccuracies with these due to printing resizing etc (and remember, if you’re about to buy a wedding or engagement ring you really don’t want to get the size wrong!).  There are a few factors you should consider before getting your ring size taken as your fingers can swell up on cold and wet days, but also on very hot days.  The best thing to do is to get your ring size done a few times before you commit to buying, and average it out.  Remember if you do end up with the wrong size its not a disaster, most jewellery shops selling wedding and engagement bands will be able to change a ring size by up to 2 full UK sizes.

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Categories: Engagement Ring.

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By jane
— March 17, 2010 at 12:19 pm