How much is a gold necklace worth? Asked Joshua
How much is a gold necklace worth? Asked Joshua
Hi, Maria. My name is Joshua. I live in the center of Alabama and I found your website while I was searching for a reliable gold buyer. In my area there is no close possibility to sell gold for good money and I need cash to pay the university fees for my two children. My wife has a vintage gold necklace and she does not wear it anymore, it’s out of fashion. I hope you can help me to find out how much a gold necklace is worth. The value determination of jewelry is absolutely unfamiliar to me and I don’t want to get ripped off from tricky buyers.
Joshua from Naperville, Illinois
Hi, Joshua! I’m happy to assist you with the value determination of your gold necklace. You act exemplary and I wish other people who also don’t know how much their jewelry is worth would contact me before they sell their valuables for unacceptable prices to buyers who take advantage of the people’s naivety. Before we get started, please give me more information about your wife’s necklace. It would be very helpful if you could send me some photos.
reDollar appraiser, Maria Tait
Joshua wants to know, how much is a gold necklace worth?
Joshua: Thank you very much for getting back to me so quickly. Did you have the chance to check your inbox? I’ve sent you the required photos of my wife’s necklace. My question is, how much is a gold necklace worth like the one my wife does not wear anymore?
Maria: Joshua, thank you for the photos. Your necklace is really nice. Do you have any background information about the necklace? I mean origin and estimated age, things like that.
Joshua: Yes, my wife told me that originally this necklace belonged to her grandma and her mum gave it to her when her grandma passed away. This was four years ago. I think my wife’s grandpa gave this necklace to granny in the late 1940s.
Maria: I asked this question because your gold necklace seems to be really old, almost antique. I found that out, not only by checking the design of the necklace but also when I checked the cut of the center diamond in detail.
Joshua: Really? What’s so special about the diamond’s cut?
Maria: You gold necklace has a little pendant with a diamond in the center. The diamond has an old cut, this cut is named old brilliant-cut. Diamonds with this cuts are known for the Art-Deco period around 1925. Your necklace strongly reminds me of this time period and the cut of the stone has confirmed this theory to me. Can you find any stamps on the necklace? Please also check the pendant for stamps, not only the necklace itself. In most cases you can find markings on the closure of necklaces.
Joshua: I couldn’t find any markings, what can I do now?
Maria: Did you try to find the markings with a loupe? If you have a 10 power loupe you should be able to spot the markings. Not every piece of jewelry has markings or stamps, so called hallmarks which indicate the purity of the precious metal. In your case the purity of gold. But the majority of jewelry is hallmarked.
Joshua: Thank you, for the advice. I used my daughter’s magnifier that she uses for her chemistry classes and I could find hallmarks. But to my surprise I’ve spotted two different markings. On the closure of the necklace I found a marking saying “750” and the marking on the pendant with the diamond says “Pt 950”. What do these markings mean?
Maria: That’s interesting and again these facts confirm my theory of an Art Deco piece. Your necklace is made of white gold, better said made of 18K white gold. I think the origin of your necklace could be in Europe. The pendant with the diamond is not made of gold. The pendant is made of .950 platinum. That’s fantastic because platinum is more valuable than gold and in the 1920s it was a very common precious metal in the jewelry manufacturing.
Joshua: Wow, that’s super interesting! We have European roots. Our grandparents immigrated to the US during World War II. I’m surprised that the chain of the necklace is made of a different precious metal than the pendant, is this normal?
Maria: Yes, that’s very interesting but not unusual. Maybe the original chain to the pendant got lost and was replaced with the current chain which is made of 18K white gold.
Joshua: Yes, maybe it went that way. But how much is a gold necklace like ours worth? Does the age also play a role?
Maria: Well, to go ahead with the determination of the value, please let me know the weight of the necklace and the pendant. As we know now, we have to different types of precious metals, so because of that I need to know the weight of the pieces separately. The age of the necklace could play a role regarding the price but in this case it does not increase the value significantly. The necklace is nice but it’s not outstanding. A very common necklace for that time period which was manufactured in very high quantities.
Joshua: Alright, thank you. That sounds plausible to me. The weight of the gold chain is 14,9 grams and the pendant weighs 7,4 grams.
Maria: Thank you very much! According to your weight specifications I have calculated an estimated value of $588.05 for your gold chain and $222.32 for your platinum pendant.
Joshua: Wow that’s a lot! I have expected not that much money. My wife will be amazed when I’ll tell her your estimation.
Maria: I’m happy that you are positively surprised!
Joshua: What about the diamond with the old-brilliant cut? Do you pay a premium for this diamond?
Maria: Good point. In certain cases we do pay a premium for gemstones and diamonds from excellent quality. That applies to stones that are very big or very rare or particularly beautiful. But in this case the diamond is very small so we do not pay a premium. Generally it can be said that we pay premiums for stones of 0,5 carats or bigger. But we can gladly dismount the diamond and return it to you at our expense. That way you’ll keep a memory.
Joshua: That sounds wonderful! Thank you so much for your professional advice. I see no reason why not to sell my necklace to your company. You answered my question “How much is a gold necklace worth” accurately and quickly. Thanks for your help, Maria.
Maria: It was a pleasure! Thank you very much for contacting me. If you have any other questions, you know where you can reach me. Please get in touch with us by phone, email, or chat. We’ll answer as fast as possible.