The process of diamond and gemstone recovery from karat gold jewelry scrap is far more complex and time consuming than a direct melt and assay recovery. Jewelry that contains recoverable diamond and gemstone melee will always yield a much higher value, as long as the refiner you choose is implementing sound wet chemistry processes that minimizes the potential for mechanical losses of metal and damage to the your valuable gemstones. You should expect the refiner to charge higher processing or treatment fees for this service as well as allowing a little more time for final results but in the end, the additional value you'll receive back from the sale of your stones more than justifies any inconvenience.
The pawn industry enjoys a unique relationship with United PMR. As the largest US-owned primary refiner in the country, United exclusively services the jewelry industry. A major source of jewelry for recycling and refining is the pawn industry. Dating back to ancient history, the practice of loaning money on portable security has outlasted the test of time. Pawn shops, because of their niche services and customer-friendly business model, have provided much needed funding to customers when other options such as bank loans weren't available to people.
Most, if not all, pawn shop collect and bin their scrap jewelry and eventually send this collection off to a refiner. If you've dealt in scrap jewelry before, there are a couple of words that you've definitely heard when it's time to send your scrap off to your refiner; smelt and assay. Do you know the difference between these techniques and which each accomplishes? Jack Brown of Mid-State Recycling & Refining shared this video with PawnMaster that goes over the two most popular refinement techniques and how Mid-State helps their customers get the most out of their scrap jewelry and metals.
To the right is a gold chain that GEIB received in with a melt lot. We noticed the chain, along with a few other pieces but something about this piece in particular just didn’t add up to being "RIGHT", so we went a little further on this rope chain.
Stone removal is, and should be, an important part of the pawnbroker’s and jeweler's process. If you’re not doing it, you should be, and if you’re not familiar with how to do it, that’s where I come in. Stone removal is a terrific, easy process. It’s incredibly affordable, and it’s a simple way to gather items of value to bring to a convention to be able to sell.
Markets for gold and silver are crazy as of late. $25 x 2 day swings up and down. As I've said before, it's like an elevator but there is no "definitely"... Especially when you're ready to settle a lot or hedge when shipping.
Keep an eye on the US dollar, stock markets, job markets, fed talks (interest), President Trump, Democratic Party, unruly activity both overseas and in the US. They will all have an impact on where metals will move -- up, down or remain flat. It's a Friday, as I'm writing this and markets are up $5 - used to be a "profit taking day" for traders for their weekend ca$h. It doesn't roll like that any longer.