Selling Your Gold and Precious Metals

Executive Diamonds Services will pay cash onsite for all you unwanted gold and other precious metals.

Selling unwanted gold and other precious metals has become a fairly common practice these days. Whether you are selling your old gold for some spare cash or wanting to use the money towards a new custom piece, this is a perfect time to do it with gold prices being at an all time high.

What do we buy?

For the most part we purchase gold in the form of jewellery, coins or bars. Platinum is also a precious metal that yields a good return for people who are selling their old or unused precious metals. On occasion we do also make offers on diamonds and gemstones that are set into the gold jewellery you are selling, these pieces are assessed on a piece by piece basis. Silver is another metal that has done really well as far as value is concerned but is still about 40 to 50 times less valuable that gold so for it to a profitable transaction for both parties we will only purchase silver starting at one kilogram in weight.

How do I know what I’m bringing in to sell is real?

In today’s gold manufacturing world it is not typical to see a piece of gold jewellery that does not have a karat stamp on it. The first thing we will look for when you bring your gold in is the goldsmiths ID stamp and also the Karat stamp. If your piece does not have any stamping on then we will do a magnetic test to see if it is magnetic, if it is we know it is not real gold. If the piece we are testing has no stamp or is not magnetic we will do an acid gold test to determine the karat weight.

How do you pay?

Once the gold has been tested we sort it into karat groups and weigh it on a gold scale in front of you. Then we refer to that days gold market price. We make an offer on based on the market prices. If the offer is acceptable to you, we will pay you out in cash.

What are you paying for?

To best understand what we are bidding on, you firstly have to understand what it means when we are talking about “gold karat”. Gold in its purest form is 24 karat pure. When someone has a 14-karat white or yellow gold ring it means that there is 14 parts of gold and 10 parts of alloy. 14 + 10 = 24. So the higher the carat the more gold there is in it the more money you get.