The price of gold is at an all-time high, which means that dealers who buy fine estate jewelry are experiencing a rise in business.
Estate necklaces, vintage cocktail rings, bracelets and other unique fine jewelry are going for about twice what they were worth three years ago, Tobina Kahn, vice-president of House of Kahn Estate Jewelers told the Chicago Sun-Times. Young individuals who were left gold antique jewelry are just itching to sell the pieces to make extra cash.
If you want to cash in on the price of gold with a piece of antique jewelry you don't think you'd ever wear, be sure to sell to a reputable dealer who will give you the amount that it's really worth. Get more than one appraisal before you decide to sell. Be wary of selling to dealers who are planning to melt down the gold, especially if it's a vintage piece from a Tiffany & Co. or Cartier collection.
If you're planning to sell a gold diamond engagement ring, make sure you get the diamond separately appraised if it's big enough. Otherwise, you may want to hold on to your fine gold jewelry. Who knows, the price could continue to climb in the future!
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