The value of your item fluctuates when the item is either gold or silver. The reason this fluctuation occurs is because 75% of the silver that gets mined comes from copper or lead mineralization, and the remaining 25% comes from silver ores.
Considering this fluctuation, a jewelry store will always make you an offer based on:
- Percentage of silver
- Currency fluctuations
- Market speculation
- Supply and demand
Besides the aforementioned four factors, fineness also contributes a lot. While gold is measured in Karats, silver is measured by its fineness or purity.
Since silver is prepared in two ways, the ore extraction method and the mineralization of copper and lead, certain assigned numbers such as 800, 925, 958, or 999 decide the fineness or purity of the silver. 999 means your piece is 99.9% silver. Anything less than 99.9% means it is an alloy.
The greater the fineness number of silver, the higher the purity level. Purity levels are measured by the amalgamation of other elements. Greater number means fewer elements.
Moreover, silver is not only used in ornaments, but it is also an excellent electricity conductor, battery element, and the best reflector of visible light.
Knowing the Amount of Silver Your Jewelry Have?
Measuring the weight of your silver is not difficult. If you have a bullion, the weight should be stated on the certificate or the piece. If you have silver jewelry, a scale that weighs the 10th of a gram will suffice.
Many times, the jewelry is adorned with extra jewels and stones. In that case, you’ll first have to weigh the gems, subtract that figure and then calculate the final weight of silver.
Now multiply the weight with the fineness number. For example, if the jewelry weighs 10.5 grams and the fineness number is 925 or 92.5% then calculate 10.5×0.925. The true amount of silver in your jewelry is the result of 10.5×0.925, which is 9.7125 grams.
It is best to sell your jewlery to an jeweler that you can trust so you can ensure you are receiving the best price. Contact Master Jewelers Indiana, our expert staff is ready to help.
Before you start selling your gold jewelry, here are some of the greatest tips you need to follow.
Don’t rush, take your time!
Before you begin selling your ornaments, make sure you spend enough time examining every piece of your jewelry. Jewelry often holds sentimental value, so make sure the emotional worth it carries is greater lesser than the cost price of the product or else go for the worn-out and lost pair pieces.
Your buyer must know the worth of your jewelry
Ensure the company you are selling your jewelry to is a legitimate market with a proper license to buy your gold jewelry. Check their customers’ feedbacks section and see how satisfied they with their buying are and selling of the company’s products.
Know what you have
Most gold jewelry is not pure gold. It comes in a certain amount of gold mixed with other alloys that ranges from 10, 14 or 18 karats and so on. You will only be paid for the gold that your jewelry contains.
Consider the right evaluation
The intricate and antique jewelry that is costly and seemingly in demand needs to be evaluated by the right person before selling in the market. The evaluation must be done on the significance of the piece and its current demand in the market. There’s a high chance that it would be beneficial to sell it as a finished product.
Know the worth of your jewelry
Keep yourself updated with the market price of the jewelry. The prices may vary but will give you a rough idea of the worth of your piece.
It is recommended to keep a photograph and an official copy of your gold’s document as it will help you get a reimbursement in case a mishap takes place.
Try your luck everywhere
Get good rates bids from multiple buyers before you choose one buyer. Your offers may differ from buyer to buyer depending where you sell it.
Selling your jewelry will not necessarily make you rich. You will only be paid for the amount you sold your jewelry for after deducting the amendment charges.
Master Jewelers has over 20 years’ experience within the jewelery industry. Contact us today to sell your gold.
Pawning and selling jewelry are two confusing terms when it comes to things like ornaments and metals. Usually pawning is considered as a synonym to selling, but there is a major difference between both.
Pawnbrokers are different from potential buyers. Since people go through a tough time deciding between pawning and selling when it comes to property, this guide will help them choose better.
What’s the Difference Between Pawning and Selling?
Selling, as the name says, is selling. That’s that.
Pawning, however, is a collateral loan. To pawn something is to use it as collateral when you’re borrowing money.
Depending on your state, you can take out a 30-day pawn loan with a 30-day grace period. Other states can offer up to 120 days.
When your item is pawned, it stays with the broker. To get the item back, you’ll have to pay an extra amount coupled with some interest otherwise, the broker will resell it.
Pawning is expensive because the interest rate crosses 200% APR. So, why is it an option?
Because if you have poor credit and are cashless, you can’t be indebted. That is when pawning kicks in.
A pawnbroker follows certain criteria such as the resale value. While the majority of the items are re-bought, a small number of items are not. This is the brokers’ shot. If your silver has a high Fineness number, then while selling silver may get you $25-$50 more, pawning can get you up to $100 more.
In pawning, unlike selling silver, you are not paid according to the market rate of an ounce. Pawning may pay low but it offers you ease and convenience.
Should You Pawn or Sell Silver?
It depends on you and your financial condition. If you’re not eligible for a traditional loan, it is better to pawn. However, for pawning you’ll have to wait 60 to 120 days, go through police interrogation to ensure that your item is not stolen, and the money is not that great in majority cases.
Selling, on the other hand, gives you more money, and it is quick. There are no extra procedures. You just straightaway sell it. Not to mention you don’t have to deal with a pawn shop trying to get their cut. A Jeweler you can trust will give you market price.
So, you decide to sell?
If there is no sentimental value and you just want some quick cash, selling is the best option you can available. It is also a great way to spring clean your jewelry box. Master Jewelers Indiana has over 20 plus years in the jewelry business and is a jeweler you can trust. Bring in your silver and gold jewelery you want to sell today.
This is a trying time for all of us, as we adapt to the changes of the COVID-19 pandemic and try to remain safe. Many of us have a loved one fighting on the front lines, going through rough times or directly affected. We are all touched by this tragedy in some shape or form. Keeping our spirits up and remaining hopeful is key to getting through this challenging time.
It is only natural to feel indifferent or down during this time. Gifts are a great way to cheer a loved one up or remind them how much you appreciate their sacrifice. Surprise someone you love with a piece of jewelry that represents them and their strength through this time. Jewelry is more than a materialistic item, it is a symbolic token of love and admiration.
If you have a loved one who is considered an essential worker not only give them a hug for us, but get them a heroic piece of medal. Medals are given to our heros for courageous acts and selfless events, this is no different. Get your loved one something will suit their personality. Whether it is a charm bracelet or a custom jewelry design, make sure it is something unique for them and their selfless act during these hard times.
You can always count on jewelry to make your loved one smile. There are a lot of scary changes and heavy emotions going along with them. Some have more difficulty navigating through and adapting to these hard times than others. If this is your loved one, try something bright and shine to add a little bit of sparkle back into their life. Don’t be ashamed if you are looking to buy for you. Buying jewelry for yourself is more than retail therapy, it is self love.
Master Jewelers Indiana is adhering to the social distancing and is available via chat on the website. We are still open and here for all of our customers and orders. We are more than just a jeweler you can trust. Contact us and let us help with your custom design jewelry
This Spring’s Jewelry Fashion has been revealed and will start hitting the stores soon if they haven’t already. There are many fashion tips to enhance your look this spring. In case, you aren’t privy to the fashion blogs, this spring jewelry collection will be fun, colorful and bold.
Jewelry fashion is just as important as fashion is. Jewelry is used to accentuate outfits and bring them to live with complementing designs or vibrant pieces. If you haven’t caught a glimpse of this season’s collection, don’t worry we have some tips for you.
Colorful Jewelry is IN!
Forget about the basic gold or platinum pieces. While many of these pieces are timelessly classy, this spring is about color. The more color the better! Have some fun with our Amethyst or Topaz jewelry. Not only are they vibrantly beautiful, but they also fit right into the trend this Spring.
The SOLO Earring
This Spring season is all about being different and trying something unoriginal. The Solo Earring was featured in a lot of top designer fashion runways, like Marc Jacobs. Wearing a singular earring is a statement regarding the bold and trend decision to consciously only wear one earring that is enough for two. A simple diamond stud just won’t do here.
The Bigger The Chain, The Better
Chains are going anywhere, anytime soon, in fact, they just got bigger. Drastically big chains are in. Wearing a simpler outfit in order to let the chain shine, is what you will see this Spring. These exaggerated chains also have a sort of design or focal point to present a softer tone and feel.
Pearls and Spring are Besties
Pearls are always fitting for Spring. They tend to be a common Spring favorite, but how they are worn changes with the new season. From classic designs to bold abstract, Pearls provide a softness to the designs of this season. You will never go wrong wearing pearls in the Spring.
Big Hoops are Back
Did hoop earrings really ever leave?! It is a question that many of us are asking, but just like the pearl, hoops are favorite that continues to evolve with the time. These are big hoops like you haven’t seen them before. Gemstone encrusted, Chunky, plain or thin hoop earrings continue to be a monumental trend this Spring.
Master Jewelers has been attending JKC Convention for years to keep our styles and techniques up to date. With over 20 years in the jewelry industry, we are artisans are here to help you find what you need this spring. As the seasons change so do the styles, but one thing stays consistent for us and that is jewelry. Chat with us online
In our Summer Jewelry Care & Cleaning guide, Master Jewelers recommends regularly cleaning your jewelry to keep your jewelry collection looking its best. However, keeping your jewelry clean has become an essential need for your help. The COVID-19 epidemic has enhanced our cleaning efforts in hoping to discontinue its spread. We want to ensure everyone stays as safe and healthy as possible while keeping your jewelry intact.
A lot of Jewelry is made from solid gold or platinum, meaning it is sturdy enough to handle extensive cleaning methods. For example, steam cleaning uses high temperatures and is a common method used by most jewelers to professionally clean fine jewelry. If you prefer a DIY situation, any kind of commercial jewelry cleaner, hot water, or soap will do. However, one key thing to keep in mind is some gems and stones that cannot hold up to this intense cleaning. This would include most colored stones, opal, kunzites, pearls, tourmalines or emeralds. However, cleaning and disinfecting your jewelry properly are two different things. Here are a few tips to disinfect your jewelry during this coronavirus crisis.
Hand Sanitizer & Fine Jewelry
Hand sanitizer is perfectly safe to use while wearing jewelry. Most Jewelry is made with precious metals like gold, or platinum, they are sturdy enough to handle the formula. However, you should know that hand sanitizer could leave behind germs in your jewelry. Hand sanitizer will not disinfect your jewelry. The best practice is to clean your jewelry separately from your hands.
Disinfect your Jewelry from COVID-19
Disinfecting your jewelry is a simple task that can be done with isopropyl alcohol or hydrogen peroxide. Now, this may be different depending on the gems and metal but you are safe with solid Gold, Platinum, Diamonds, Rubies, and Sapphires. Please consult a jeweler you can trust if you are unsure.
Remove Jewelry Before Washing Your Hands
Best practice has always been to remove your jewelry before washing your hands or getting into a shower. Make sure not to cross-contaminate after you washed your hands by putting dirty jewelry back on. Wash the jewelry thoroughly and allow it to dry thoroughly before putting it back on. If you want to be crafty, add your jewelry to a sterilize cycle on your dishwasher. This will definitely ensure all germs, and bacteria have been removed.
Master Jewelers Indiana is here to answer questions about keeping your jewelry cleaning through the COVID -19 pandemic. Our experienced artisans and staff have over 20 years of experience, and available by phone and online. Chat with us today!
Many of us get insurance as a safety net for expensive or irreplaceable items. However, understanding why your need insurance relies on the value you hold for the item. Jewelry represents so much more than just the basic material item. Different pieces of jewelry represent different memories and each has their own unique symbol that later creates a long-lasting family heirloom passed down from generation to generation.
Jewelry insurance isn’t talked about nor appreciated enough. While many rely on their homeowners or renters insurance to cover a majority of items in the home, you are not always where your jewelry is in your home. Loss, theft, damage and etc can happen at any given moment and amid these tragic events peace of mind is one thing you will be guaranteed when it comes to your jewelry and jewelry insurance. Here are a few common facts about Jewelry insurance.
Why Insure Your Jewelry
Imagine you just bought the perfect engagement ring for the love of your life, and you were so excited that you didn’t realize it slipped out of your pocket from the jewelers to your home. What happens next? Are you just out of a ring and all that cash? After you leave the jewelers, you become fully responsible for the jewelry. Jewelry Insurance will give you peace of mind and is very much so recommended for accidents and unforeseen events. Or if your fiance drops her ring down the drain. The list is endless, but replacing it is priceless.
Read The Fine Print
Insurance companies provide different policies and options to insure your jewelry. A great insurance policy will be there for you in case of damage, loss, theft, or mysterious disappearance. Make sure you understand the details like what the definition of each of these events entail and where you are covered. Jewelry insurance has a coverage map, and it is crucial you select a policy that protects your worldwide.
How Much will Jewelry Insurance Cost
Every policy and company has different pricing just like the policy they offer. However, typically it is 1-3% of the value of the jewelry. You should know that you can purchase blanket policies or individual policies for different pieces. Having individual policies on your more valuable piece is key.
Any jeweler you can trust will give you a list of reasons why insuring your jewelry is a good idea. At Master Jewelers Indiana, we offer official jewelry appraisals that are used for jewelry insurance. Call us or chat online with us today.
Jewelry has been around for ages. There are stones and pieces that date back hundreds of years. The quality and craft of jewelry have evolved into finer and flashier masterpieces today. Fashion and jewelry have always gone hand in hand. Jewelry has always been used to accentuate outfits and social a level of statue by the fancier pieces worn. The most common forms of jewelry today include earrings, rings, pendants, necklaces, brooches, and bracelets. However, there is still it involves such a wide variety within many industries in jewelry production.
The price of jewelry is determined by various elements. Some materials used in making jewelry are considered “precious” because of their rarity. Diamond or Gold Jewelry is naturally more expensive than other pieces. But more importantly, jewelry is commonly known for family heirlooms and holding a special traditional value that will be passed down through family generations.
Maintaining your fine jewelry is part of keeping these heirloom jewelry pieces in such good condition. Professional clean or repair any broken piece of jewelry should be done annually. Fine Jewelry is known for its durability. Many jewelry repairs are accidents but also occur from improper maintenance of your jewelry. This can be from wearing jewelry during inappropriate activities to not getting regularly scheduled professional cleanings. Even though fine jewelry is cast together or mounted durable, things can still happen and take a toll on precious metals and gemstones.
It is never too late to try to restore those old family heirlooms or pieces of jewelry that you wish to start a tradition with. With time jewelry too, tends to need a facelift. Gemstones may need to be remounted, re-cut or polished. The metal may need to be buffed out or re-soldered to fix a broken piece, either way, nothing is ever truly broken. We can help add new details or bring out the old intricate details that have faded away with time. With Jewelry restoration also comes Jewelry repair.
In order to fully restore some jewelry, it may be necessary to repair areas or full pieces of jewelry. While broken chains may be the first jewelry repair item, repairing jewelry is a much more complex. Some jewelry items call for a sense of urgency to repair. For example, one’s wedding or engagement ring might need a bit more urgent care than a daily worn bracelet. Nightmare enough some gemstones fall out of rings settings.
At Master Jewelers we are a one-stop-shop, and we are more than just a jewelry store. Our team of expert artisans can help with any jewelry repair and help you solve any continuous breakage problems. Jewelry Repair is one of the many services we offer our clients. Contact us or visit us today.
Love is in the air and at Master Jewelers Indiana, we have something for everyone! Especially if you have been together for some time. Instead of buying a new piece of jewelry, Restore a Favorite Piece of Jewelry This Valentines Day. Why not take the time to get your loved one’s favorite piece of jewelry repaired or restored. Nothing says I love you more than paying attention to detail.
In our blog, The Basics on Jewelry Repair and RestorationThe Basics on Jewelry Repair and Restoration, we go over the difference between the two and how they go hand in hand with each other. More often than not if something needs to be restored, it is going to be repaired as well. Jewelry plays a big part in our culture that symbolizes moments, and tokens of love shared. These favored pieces tend to become family heirlooms that are passed down through traditions. What better way to share your love than by restoring an old engagement ring to bring youth and remembrance on the love you have honored and shared with one another.
Here are a few ideas on pieces to have restored
Family Wedding or Engagement Rings
The perfect piece of jewelry to have restored. Whether it is a piece, you have given to your current love in the past, or a passed down the family ring, none the less it is still a token of love. An old engagement ring is a great way to remind your loved one about the journey of love you both have embarked on together.
Light up your loved ones’ face by restoring an old set of earrings. Bring the earrings back to life by restoring their shine and sparkle. Earrings accentuate our face is the first set of jewelry people see. They make a statement about your style and flare. Restore their favorite set, now the trick is getting them away secretly if they wear them daily.
Broken chains are one of the most common pieces of jewelry needing repair. A lot of beautiful pendants get stowed away because of a broken matching chain. Chains naturally complement the necklace pendant. However, the chain isn’t the main part of the necklace; the pendant is. Resetting and polishing any gemstones is just as important as repairing the broken chain because they are a pair.
Bracelets go through a lot of wear and tear whether they are worn daily or not.We use precious metals because they are tough and can withstand daily wear and tear. Restore and repair
Master Jewelers Indiana has over 20 years of experience restoring and repairing jewelry like new. Before we change anything, we want to understand your expectations to bring your design to life. Master Jewelers expert artisans will guide you through our custom jewelry design process. Let us help you restore your love this Valentine’s day.
Emeralds have made their comeback. Many love the exclusivity that comes with the vibrant, green gemstone and prefer them over the cliche of diamonds. Emeralds add a certain boldness and presence to each look they are used to accentuate.
Here are a few tips from Master Jewelers Indiana when pairing Emeralds fashionably with your outfit.
- What is the main color of your outfit? Not everything will pair well with the different shades of green. But that doesn’t mean you can’t find a piece of emerald jewelry to fit. For example if you’re planning to wear a yellow top with grey pants, then yellow is the main color.
- Next look at a circular color wheel but sometimes using your eye’s opinion is enough.
When determining what color combinations go well with jewelry, look at the jewel color on the color wheel and find its complement.
For example, the complementary color of green (color of an emerald) is red. Therefore, outfits that feature red as their main color look good with emerald jewelry. The shade of red you choose doesn’t have to be bright red but a shade or tone that will reflect the vibrancy of the Emerald. Keep in mind when choosing your shade of red, other shades of red such as maroon, also complement emeralds. Purple, which is a combination of red and blue tops display a great backdrop to make the emerald pop.
Other color combinations are known to compliment the green emeralds and are popular according to seasonal fashion rules. In general, for example, black and white outfits (plus shades of grey) go well with everything. While not complementary to a green emerald, some people prefer a blue outfit. Blues and greens make attractive color combinations suggesting a marine environment. And while a deep maroon is liable to make the emerald stand out more, some people would go with color consistency and select a green outfit when wearing emeralds.
If your emerald is set using yellow gold, you probably want to avoid wearing metallic gold or silver. While gold and green are lovely spring combinations, adding a metallic gold dress to gold in the jewelry piece may be too much and take away from the gemstone. A silver outfit would clash because of the gold jewelry setting. But would definitely set a fashion trend of your own.
You can never go wrong by staying close to the season’s latest fashion when in doubt.