It is actually quite cut and dry when it comes to selling your gold necklace or gold bracelet. Many reputable buyers purchase solid-gold jewellery; the key is to compare a couple of written quotes and choose a route you’re comfortable with.
When you are looking to sell a solid gold piece of jewellery it is important to note that gold is a highly demanded, globally traded commodity and there will always be a buyer. Care has to be taken when choosing the right buyer.
Online specialist buyers have minimal overheads and don’t need to have a storefront. They will buy pre-owned gold bracelet’s in any condition, and will price based on confirmed purity and weight, referencing a recognised market rate (for example, the LBMA Gold Price, administered by ICE). Specialist gold buyers work on high turnover and low margin, so choosing a large and reputable online gold buyer can be a great option to secure a fair price for your gold. At Cheshire Gold Xchange, we have the benefit of both a high-street store if you wish to sell your gold in Warrington, and an online gold buying facility.
If you’re selling a used gold charm bracelet or beaded bracelet, expect pricing to be based mainly on gold content unless the piece is by a recognised designer or has antique/collectable value.
It’s usually straightforward to assess plain bangles, curb chains, cuffs, stretch bracelets and link bracelets because there’s often little non-gold material attached. Note that some clasps or internal springs may contain non-gold parts that are excluded from the gold weight.
If you have a gem-set tennis bracelet, discuss with the buyer how stones are handled. Policies vary; many scrap quotes exclude stone weight. Avoid removing stones yourself—ask the buyer to explain options in writing.
Not all of these are made the same so make sure you know what type you’re putting up for sale. If you’re selling something like a regular necklace, chokers, multi-string or dainty necklaces, then you should have no issues, as those tend to be the same gold purity throughout. You can verify this by checking the hallmark stamp, usually located on the necklace clasp or nearby tag
Now, if you have a pendant necklace, you need to consider that the pendant may be made from a different purity of gold. You often see a 9ct necklace with an 18ct gold pendant, this may be because someone has added the pendant to the necklace at a later date. The simple solution to this is to separate the pendant from the chain and ensure you approach a cash for gold buyer with these as two separate pieces. It’s also important to not assume if you have a gold plated necklace that the pendant on the chain must also be gold plated, you can check each piece for its own purity mark.
Then there are the statement necklaces. These are meant to capture eyes and sometimes are overlaid with gold in certain areas. The ‘statement’ parts of these necklaces tend to be cheap, and include semi-precious stones or, in some cases, a type of plastic or resin to help keep the entire piece light.
Remember that in the end if you have a used generic solid gold necklace or bracelet, you will be selling this item based on the gold weight. When comparing quotes, remember market price references are for pure (24ct) gold; offers on jewellery reflect carat and weight after excluding non-gold components. A neutral reference widely used in the UK is the LBMA Gold Price. If your jewellery piece features stones or non-gold items, these will need to be excluded from the overall weight.
Compare written quotes from a few buyers and ask what they pay per gram for different carats (e.g., 9, 18, 22ct). It’s reasonable to ask if there’s any movement on the offer, but remember the buyer must cover testing and processing costs.
When you’re ready to sell, work with a reputable buyer. Use our Gold Price Calculator on the homepage for an indicative estimate, then visit our Warrington store or request a Free Insured Postal Pack for a written quote.
Receive your prepaid, insured envelope to send your gold to us. Find out more visit Sell Gold Online
