There are two options when it comes to broken or damaged jewellery—you can either sell it or have it repaired. Having it repaired can be a practical move, especially if the jewellery has sentimental value to you or you had spent a lot of money to purchase it initially. However, you also have the option to sell it and earn some money—which is great when you’re in a pinch!
To give you some idea about it, here are some of the things you can do for your broken or damaged jewellery:
For Chipped Diamonds
The sad thing about a chipped diamond is that you can’t have it repaired—there’s simply no way you can restore the integrity of the stone to its original value. Damage to a diamond weakens its internal structure, and it’s likely that it will get even more damaged when it gets hit again!
This is why most diamonds should be insured. If yours is not, then you can exchange the stone at a jewellery shop—but doing so will put the price at stake! A chip or crack on its surface will severely depreciate the diamond’s value. If you choose to have it exchanged with a different stone, you will most definitely be given a less valuable one.
For Broken Chains
A jewelsmith can repair the broken section of a bracelet or a necklace. Take note, however, that doing so will make its length a bit shorter. If it’s a necklace, then you also have the option to have it converted into a bracelet.
If you have a broken earring, then you can turn it into a single piece and have it converted into a pendant. This will be able to save much of the materials while allowing you to still make use of most of its beauty. Take note, however, that some of the gold can be lost in this process—so choose wisely!
If a ring doesn’t fit you anymore, you can have it converted into an elegant charm that you can add to a bracelet or a necklace. If you’re not sure what to do with it just yet, then you can keep it until you have another piece of jewellery that you can mix and melt it with!
Selling Broken or Damaged Jewelry
When it comes to selling a piece of broken jewellery, the first thing you need to do is get an idea of how much the local jewellery stores or pawn shops buy your such items. You can do this by calling or visiting their stores and asking them about the value of scrap gold or other precious metals.
Jewellers would also require you to bring a certificate to show the vital stats of your diamonds or other gemstones. They will examine each gemstone for clarity, cut, and carat weight. Additionally, they will consider the current state of the jewellery market—which will dictate a large portio of the price of your jewellery.
Should You Sell?
There are advantages to selling broken or damaged jewellery. Since the jewellery market is unpredictable, you might be able to sell it at the right time when the value for gold and gems are high. Aside from that, repairing your jewellery can cost you more money—so, if the jewellery doesn’t hold any sentimental value, then it’s best to sell it. That way, you get to earn and buy a newer piece of jewellery that you can keep using.
Whether you repair or sell your damaged jewellery is entirely up to you. By taking note of the information on this guide, you can make a more informed decision. Should you choose to sell, then make sure that you find a reputable jeweller that can offer you a fair price—the same goes when you decide to have it repaired.
Are you looking for a cash for gold service in London? Whether you need jewellery repair or you want to sell your items, London Gold Centre can give you a fair price! Get in touch with us today!