How a Jeweler Determines Value when Buying

Jewelers purchase jewelry, either estate or new based on the value of the components. The value of your jewelry has very little to do with the look of the piece, but everything with the components, meaning the value of the gold, diamonds, etc. that make up the ring.

The reason for this is the vast majority of the value of the piece, unlike other products, is the raw materials. The cost of making a car involves the research and development, the labor, the employees and much more. One cannot take a var apart, and say “the steel weighs 2 tons”, the “rubber is 200 lbs” and determine the value by that method. A jeweler, on the other hand, estimates the weight of the gold adds the value of the gemstones, and that equals the value of the ring or bracelet. Both diamonds and gold have a market value that is set by the market.

The vast majority of the value is in the gemstones. The gold or other precious metal is only a fraction of the value of the actual diamond.

Of course, there are some exceptions for brands such as Cartier or Tiffany, but those are the exception and not the rule.

So if you are buying like a jeweler, try to get the most value for your money. See what your bridal set or engagement ring is made from, and then you can compare several and get your money’s worth.

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