First, the percentage of gold is evaluated for each of your jewels. A 10k, 14k or 18k inscription is usually engraved in the object. The 10k symbol means that the jewel is 40.3% pure gold, 14k is 58.5% pure gold and 18k is 75% pure gold. In order to determine the percentage of gold, we perform an acid test.
The jewels are then classified according to the purity of the gold they contain and are weighed on a scale approved by the Government of Canada. In order to offer you the price of used gold according to the daily rate, we weigh the items in grams.
Do not be surprised if the value of the jewel sold for gold differs from the price at which you obtained the jewel, because only the price of gold is considered when buying. The design, the artist and the cost of labor to make the jewelry are not taken into account. Additionally, we must calculate the smelting, refining, and other costs to turn “old gold” back into new, pure gold: a process that takes place in a specialized precious metals foundry.