The Difference Between Wholesale Sellers and Retail Sellers
Today, the world of jewellery making is so big that jewellers can make their own jewellery and retail them for high prices. This means jewellers can provide a retail service. The price the jeweller sells gold jewellery at include the intrinsic value of the gold, his rent, overheads and labour to manufacture the gold jewellery. You don’t have to go mining for information about the relationship between wholesale and retail if you want to buy or sell jewellery
Brisbane gold brokers aren’t like jewellers, they are not interested in the design of the gold but its intrinsic value. They are interest in the gold content and how much can be melted and sold wholesale to refiners. The refinery then refines the melted gold to it’s purest form, removing all the impurities in the gold. If the original gold sold to the broker is of high quality like anything above 18k then it will contain 75% pure gold and 25% metal alloys like silver or copper for extra hardness. When the metal alloys are departed from the gold, you will have gold that is close to 24k or 99.99% purity. This is the gold that gets sold back into the industry to be used again in making new jewellery or bullion coins or bars. So, what this means is that gold is repeatedly recycled back.
Pricing gold is calculated differently for jewellery that is bought from a jeweller than it does when that jewellery is resold to a gold broker. For example, you have a necklace that sells for $3,000 at a jeweller that weighs 100 grams of 9k gold. The jeweller has to factor in his labour cost, the design cost, the cost of procuring the gold as well as any stones that might be part of the design,shipping costs, overhead costs and profit. The wholesale value of the jewellery could have been much lower that $1,000, but when other costs are factors in, the cost will rise. It works out differently if you were to sell the same necklace to Brisbane gold brokers. They will weigh the gold and offer a price that is much lower because they are only interest in the gold content and nothing else.
There are other options to sell gold jewellery:You can try to sell it as an entire piece on Ebayif you want it to be valued in its entirety,or to a pawn shop provided they are buying it as a jewellery piece.If a Brisbane pawnbroker is only offering you a melt price, then it’s just better to sell to Brisbane gold brokers.
There is a marketfor good quality second-hand jewellery whereyou can get more money if the gold jewellery is in good condition, you may find gold brokers that buy and sell jewellery in good condition and will pay more than the melt value or get as close to the retail price as possible. However, cash-for-gold buyers who buy scrap as well asother gold in different conditions operate differently. For them the gold content is more important than the condition of the jewellery. Second-hand jewellery sellers and pawn shops buy jewellery they know they can sell for good profit otherwise it too ends up at the refinery.However, this does not mean they will turn away gold jewellery that is non good condition or looks like gold that some collectors or other second-hand jewellery sellers might be interested in buying. You may get a lower price for good quality jewellery from scrap cold buyers but you will get better offers from gold brokers.
Anyone who buys or sells gold needs to know and understand the market and how it fluctuates. If you are not sure about what your gold is worth ask your local jeweller but do not expect to get a price that a jeweller would set for their own merchandise. Jewellers have to contend with wholesale and retail pricing and other dynamics. A jeweller may help you get an idea of what you can expect to get for your gold. Pawn shops tend to have prices that are a little low than what gold brokers would offer. It is important to understand that these people are running businesses and profit is always important, so always have more realistic expectations.