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Assistance with a ring. (Please Remove)

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Assistance with a ring. (Please Remove)

Postby hejira11 » Tue Apr 12, 2011 10:35 pm

CLOSED
Last edited by hejira11 on Wed Apr 13, 2011 11:09 am, edited 1 time in total.
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Re: Assistance with a ring.

Postby Somnophore » Wed Apr 13, 2011 1:53 am

Find out what the pawn shop are offering, give him 10% more for it, there's bound to sill be profit in it.
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Re: Assistance with a ring.

Postby hejira11 » Wed Apr 13, 2011 2:09 am

Somnophore wrote:Find out what the pawn shop are offering, give him 10% more for it, there's bound to sill be profit in it.


Thanks!
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Re: Assistance with a ring.

Postby 68Camaro » Wed Apr 13, 2011 5:21 am

No gemstone expert, but from the little I do know, from what I can tell of the size of the diamond it seems to be something like 10 points, and probably of marginal quality. My wifes ring uses similar stones just for decoration around the major ones. The resale value of the stone in this, even if its a diamond, will be marginal. Most jewelers don't even want to mess with them. Value will mostly be in the gold, I think.
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Re: Assistance with a ring.

Postby Diggin4copper » Wed Apr 13, 2011 7:01 am

1/5 of an oz = 6.22 grams x 1460 (Current price of gold) / 74.8 = 121.40 melt.. you then have to subtract the weight of the diamond and the onyx... then you must figure that the dealer sells for 95% of spot. so then you have to figure in a profit for the dealer say 20%..
(Its early and I could have messed this up)
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Re: Assistance with a ring.

Postby Rodebaugh » Wed Apr 13, 2011 7:13 am

Diggin4copper wrote:1/5 of an oz = 6.22 grams x 1460 (Current price of gold) / 74.8 = 121.40 melt.. you then have to subtract the weight of the diamond and the onyx... then you must figure that the dealer sells for 95% of spot. so then you have to figure in a profit for the dealer say 20%..
(Its early and I could have messed this up)


yep my numbers have me right about there as well.

A safe and profitable buy on this piece w/ stones in place is $85. W/o stones a more accurate weight could be obtained and a closer to melt offer could be made.
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Re: Assistance with a ring.

Postby hejira11 » Wed Apr 13, 2011 8:48 am

Rode, diggin, 68 thanks for your help. I'm gonna close this thread and return the ring with the info.
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