Selling gold jewellery is a good option if you want to make a little extra cash. There are many different things to consider before selling your precious pieces, especially if you’re looking to sell gold in Melbourne. From the type of gold you have to the condition it’s in, and its resale value, here are all the factors to keep in mind when selling your jewellery.
The Different Types of Gold
Gold can be found in many different colours. The most common types of gold are yellow, white, and rose. Other colours include green, dark brown, and black.
When selling gold jewellery online, it’s important to know the different types of gold you might have. This will help you decide which type of gold is best for your target audience and what resale value it has.
If you’re going for a high-end look for your jewellery pieces, rose gold is an ideal choice. It often has a pink or red tint that makes it stand out from other shades of gold and is perfect for people who want to make a statement with their jewellery choices.
However, rose gold is more difficult to work with and doesn’t typically have the same durability as standard 18-22 karat yellow or white gold (18-22 karats).
The Condition of Your Jewellery
When you’re selling, you’ll want to make sure your gold is in good working condition. Gold jewellery can be worn by itself or mixed in with other pieces like necklaces and earrings. You don’t want to have a piece that’s too old or too new.
If you’re unsure of how old your gold is, then it’s probably best to get it tested at a testing lab to find out the exact date it was made.
Finding the Resale Value for Your Jewellery
One of the most important things to consider when selling gold is its resale value. A jewellery professional can help you find out what your piece is worth, so that you can decide whether or not it’s a sound investment.
The first thing to consider is the type of gold your jewellery is made from. Gold comes in five different types:
- 24k- 24k gold – gold that contains 24k. This usually has the purest and highest purity content, making it more valuable than other types of gold.
- 18k- 18k gold – this has 18k which is a higher purity content than 24k.
- 14k- 14k gold – this has 14 k which is a medium purity content compared to 24 k and 18 k.
- 10K- 10K gold – this has 10 K which is a lower purity content than 14 K and 20 K.
- 6K- 6K Gold – this has 6 K which means there are traces of other metals mixed in with the pure gold, like copper and silver, making it less valuable than the others listed above.
Pricing Your Jewellery
The price of your jewellery is an important factor to mention when selling gold. The amount you’re willing to sell your pieces for should be based on the quality, size, and condition of your pieces. If you want to sell a diamond ring that’s worth $3,000, the cost per gram could range from $25 to $250 depending on the type and quality of the diamond.
Conclusion
Designing a jewellery line that is both timeless and versatile is a difficult task. And the best way to ensure your jewellery line will be around for a long time is to ensure that you package your jewellery right.
