Q. How much do you pay for gold?
A. Gold is valued by its purity and weight. Pure gold is known as 24k gold but most jewelry is made from 18k, 14k and 10k. Simply put 24-karat gold is fine (99.9% pure), 18-karat gold is 75% gold, and 12-karat gold is 50% gold, with the other percentage being an alloy to give greater strength. Our gold prices are the highest posted prices in Vancouver.
Q. How is the value of my diamond determined?
A. There are several different factors when assessing the value of your diamond. Firstly is determining the 4 C's of your diamonds (Cut, Clarity, Carat, Color). Once these have been determined, we will make you an offer on your diamond.
Q. I have an appraisal that says my diamond ring is worth $ 10,000, how much will you offer me?
A. Most appraisals are issued for insurance replacement purposes. The amount on the appraisal is to ensure you that if your ring is lost or stolen over the next five years it can be replaced with equal quality.
Your appraisal must account for currency fluctuations. (Diamonds are bought in and sold in U.S. dollars on the world market) and also must account for changing diamond prices.
Our offer to you is for immediate payment, often we have to re-cut the diamond or renew the ring style and sell it into the wholesale market again.
Q. When you say certificate, what do you mean?
A. A certificate is a diamond grading report issued by an independent laboratory detailing the diamond's weight, dimensions, color, clarity and cut. The GIA (Gemological Institute of America) and AGS (American Gem Society), whose standards are the strictest in the diamond industry, are the undisputed international authorities on diamond grading and gem identification.
Q. I don't need the money as much as I would like to get the highest price. What should I do?
A. You will realize the highest price by selling your diamond ring to a friend or acquaintance that appreciate it. If that is not the case, we can post your ring on our gallery and will help you sell it for a reasonable commission.