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Old 28.07.2019, 23:45
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Jewellery valuation

I inherited a ring from my mother which is (ahem) not to my taste. It contains three stones and I was wondering about taking it to a jeweller and getting earrings or a different ring made using the gold and two stones and using the third as payment/part-payment for the labour, additional materials etc.

Does anyone have experience of doing this?

Is the process to get the ring/stones valued first? If so, who/where is the right place to go? An auction house would presumably value only the ring in total and an insurance valuation is going to be higher than the wholesale price.

I do have a jeweller in mind for the work but he has better market knowledge than me and I am looking to ensure a price which is fair to us both.

Any thoughts welcomed.
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Old 29.07.2019, 08:00
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Re: Jewellery valuation

All depends what the stones are.


I can get you a 1ct diamond for around $500.-- I can also get you one for around $15k !


Both are diamonds, cut clarity, colour and weight are the factors that determine the value.


What quality is the gold ?


Don't be in a rush, have a look around, check the online auctions, Ricardo etc and this should give you some idea of the value, but it is likely to be considerably less that you think.
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Old 29.07.2019, 08:53
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Re: Jewellery valuation

A valuation for insurance will be 4-5 times the value for probate or what a dealer will pay you if you want to sell.
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Old 29.07.2019, 09:17
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Re: Jewellery valuation

It is very expensive to have jewellery custom made here, particularly if you are looking for a unique setting. A couple of my friends have done this and both paid a considerable amount for the results. Obviously if you are doing it for sentimental reasons it may be worth it to you, but unless the stones are something very special it may not be worth it from a financial point of view. I am also not sure how realistic it is to have a single gold ring melted. I would assume gold is usually melted in a reasonable quantity to save on costs and wastage.

That said, there are many jewellers here who would be willing and capable to do the work for you. I would simply ask your jeweller friend what is possible and request an idea of the cost to see if it is feasible. It may be an easy job to pop the stones out and reset them in a standard setting if that would suit you. I have not heard of a jeweller taking stones instead of payment. Maybe a second hand jewellers might be the place to get an idea of the vale of the stones and the internet if you alrady know what they are and the details of cut, clarity etc. if they are diamonds, there is a standard RAP price but you would have to have full details to get a realistic value as a previous poster said.

Last edited by Klostersgirl; 29.07.2019 at 09:32.
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Old 29.07.2019, 09:43
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Re: Jewellery valuation

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It is very expensive to have jewellery custom made here, particularly if you are looking for a unique setting. A couple of my friends have done this and both paid a considerable amount for the results. Obviously if you are doing it for sentimental reasons it may be worth it to you, but unless the stones are something very special it may not be worth it from a financial point of view. I am also not sure how realistic it is to have a single gold ring melted. I would assume gold is usually melted in a reasonable quantity to save on costs and wastage.

That said, there are many jewellers here who would be willing and capable to do the work for you. I would simply ask your jeweller friend what is possible and request an idea of the cost to see if it is feasible. It may be an easy job to pop the stones out and reset them in a standard setting if that would suit you. I have not heard of a jeweller taking stones instead of payment. Maybe a second hand jewellers might be the place to get an idea of the vale of the stones and the internet if you alrady know what they are and the details of cut, clarity etc. if they are diamonds, there is a standard RAP price but you would have to have full details to get a realistic value as a previous poster said.



1) It is not expensive to get jewelry made here, but you do need to know where to go and this does not include any big name jeweler, you need to find small artisan type places.


2)You will give your small piece of gold to the jeweler in whatever form and he will melt/sell it as part of a larger amount.


3) There is no "standard" price for diamonds, it all depends on cut, colour, clarity & carat. You can get an idea from this site :-
https://washingtondiamond.com/pages/...ice-calculator


4) Jeweler has only one "l" in it
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Old 29.07.2019, 10:05
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Re: Jewellery valuation

Quote:
1) It is not expensive to get jewelry made here, but you do need to know where to go and this does not include any big name jeweler, you need to find small artisan type places.


2)You will give your small piece of gold to the jeweler in whatever form and he will melt/sell it as part of a larger amount.


3) There is no "standard" price for diamonds, it all depends on cut, colour, clarity & carat. You can get an idea from this site :-
https://washingtondiamond.com/pages/...ice-calculator


4) Jeweler has only one "l" in it
To respond

1). It is expensive if you want a custom made piece of jewellery, requiring the jeweller (with 2 l's ) to design and make up something unique to you.

2). Precisely, the jeweller will melt down your gold with other people's gold. If you then have something else made from it, it is no longer your Mum's gold.

3) Exacty as I said, there is a RAP price which will give you a good guide if you know cut, colour, clarity etc. which you probably don't unless the diamond has been certified.

4). From my side of the Pond, jeweller has 2 l's.
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Old 29.07.2019, 10:25
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Re: Jewellery valuation

Thanks for all your replies.

It's an interesting point about the sentimentality. Quite honestly, I would rather sell the ring but I feel an obligation to hold on to it. And getting something made from it seems easier than trying ensuring I get a fair price on sale.

I don't need the money for anything specific and I would otherwise only spend the cash on cider, men and song...

I have kept other things which i value more, however, this was the single highest value item I inherited and my mum adored it.
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Old 29.07.2019, 10:42
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Re: Jewellery valuation

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Thanks for all your replies.

It's an interesting point about the sentimentality. Quite honestly, I would rather sell the ring but I feel an obligation to hold on to it. And getting something made from it seems easier than trying ensuring I get a fair price on sale.

I don't need the money for anything specific and I would otherwise only spend the cash on cider, men and song...

I have kept other things which i value more, however, this was the single highest value item I inherited and my mum adored it.
I know exactly what you mean. I will inherit a ring from my Mum that I don't personally like, but I absolutely couldn't bear to sell it.

I am sure it will be possible to do something with your ring. If you sold the gold for scrap the jeweller would pop the stones out anyway before melting and if you are happy with some standard earring setting, I can't see that it would be too expensive to have them reset. I was only trying to make the point that asking a jeweller to design and make something for you might carry a prohibitive cost.

Perhaps if you sold the third stone you might have something left over for cider, men and song ...

My condolences on the loss of your Mum.
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Old 29.07.2019, 12:58
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Re: Jewellery valuation

Could anyone suggest a trustworthy person/place to have jewellery (with one or two "l"s) valued, when there is no documentation and the owner is a lay-person who does not have any information (or personal knowledge) about the quality of the stones?

"Look it up in the internet" and "compare online" are realistic only to those who have some knowledge of what the pieces actually are. Thanks.
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Old 29.07.2019, 13:10
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Re: Jewellery valuation

I would have thought any reputable jeweller could give you a valuation. I would expect to have to pay a percentage of the value as a fee though, which could be expensive. I imagine a valuation for insurance would require a more official appraisal - presumably one's insurers would have a list of appraisers.
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Old 29.07.2019, 13:32
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Re: Jewellery valuation

Actually I just found this old thread https://www.englishforum.ch/other-ge...appraisal.html which suggests it may not be as easy as I thought.

I could recommend a jeweller in Klosters who does valuations, but I doubt that is much use to you.

I suppose taking something into a second hand jewellers (there's a good one in Stadelhofen) might give you some idea of whether you have a piece of glass or a Burmese sapphire for example, and a "free" valuation if you simply wish to have more information on a piece.
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Old 29.07.2019, 14:54
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Re: Jewellery valuation

Do you know what the stones are, their sizes/carat weights, and the karat purity and weight of the gold? Would you be willing to post a photo so armchair EF jewelers (with one l) can give you wild estimates?
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Old 29.07.2019, 22:38
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Re: Jewellery valuation

Before transforming/melting down your momís ring you need to check the inside very carefully. If the ring has an inscribed serial number, itís a brand name and should not be modified because of its potential age and value.
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Old 29.07.2019, 23:09
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Re: Jewellery valuation

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2). Precisely, the jeweller will melt down your gold with other people's gold. If you then have something else made from it, it is no longer your Mum's gold.
Yeah, that is not really the case. It really is nothing unusual to melt your old ring to make a new one and can be done at many jewelers. In fact I know one who has done that, albeit in Zurich (I can recommend him in general, however be prepared to use German - or ask if his wife or kids can help translating ).

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Could anyone suggest a trustworthy person/place to have jewellery (with one or two "l"s) valued, when there is no documentation and the owner is a lay-person who does not have any information (or personal knowledge) about the quality of the stones?

"Look it up in the internet" and "compare online" are realistic only to those who have some knowledge of what the pieces actually are. Thanks.
See my link above. He is a really friendly and knowledgeable goldsmith. I have had some rings and jewelry done with him and found him trustworthy.

Last edited by scipio; 29.07.2019 at 23:20.
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Old 30.07.2019, 09:17
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Re: Jewellery valuation

I agree many people have old rings melted and made into new ones but a lot of jewellers do not advise it. The process itself weakens the metal and renders it more prone to cracking, leaving you with an inferior product. As new metal also has to be added to the old metal and this can be in a quantity of 50%, it is no longer really your Mum's much loved gold ring.

Obviously I am not a jeweller, but my brother works in the business and I do have an interest in all that sparkles!
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Old 30.07.2019, 09:25
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Re: Jewellery valuation

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Obviously I am not a jeweller, but my brother works in the business and I do have an interest in all that sparkles!

Like me you mean !!
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Old 30.07.2019, 10:15
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Re: Jewellery valuation

Cider Woman, I found this website, https://ftjco.com/pages/can-you-use-...-something-new which I don't claim to have any knowledge of. It does, however, have information about not melting down old metal and has standard mounts you can browse for resetting stones.

I thought it might be useful to you for some initial research before you go and see a jeweller here and in weighing up the question of sentimental value against market value. There is a chat function with a goldsmith too, so you might get some answers to your questions.
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Old 30.07.2019, 20:43
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Re: Jewellery valuation

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I agree many people have old rings melted and made into new ones but a lot of jewellers do not advise it. The process itself weakens the metal and renders it more prone to cracking, leaving you with an inferior product.
Your initial point was that it was unrealistic to melt a single ring to re-use the gold. That's a different discussion compared to "there might be reduction of the gold quality" If we are talking about the sentimental value that comes with an old family piece, many people would be willing to accept potential downsides. An experienced goldsmith certainly knows how to approach such a situation.
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Old 30.07.2019, 22:44
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Re: Jewellery valuation

If you come to Zurich, I would suggest asking at the 'Fundsachenverkauf' in Wiollishofen. They have a lot of second hand items in many different value ranges, and they seem friendly enough to ask for a rough valuation - it may be very valuable or not at all... you won't know until you ask.


I suspect you are going to need several valuations to be convinced of a rough worth - and if you don't plan to sell it, then it's worth zero dollars except for insurance or sentiment.



I'm curious, though, does it have a stamp or engraving on the inside edge. At the very least that would give you the gold quality and that give a rough estimate.


As for re-shaping, I had a pair of rings melted together to make my engagement and wedding rings - one was a man's gold band and the other was a woman's ring with four tiny diamonds. It was possible to melt them together and re-set the diamonds (I designed it myself) - and there was a small amount of gold left over, which the jeweller offered to buy to offset the cost of the work, at an agreed amount per gram.
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Old 31.07.2019, 09:26
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Re: Jewellery valuation

Thanks for the tip of Fundsachenverkauf.

Did you have your ring made in Switzerland and, if so, where, please?
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