Comments for Toronto Jewellery For Less http://torontojewellery4less.ca Buying and Selling Diamonds, Gold, and Fine Jewellery Tue, 20 Sep 2011 18:02:30 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Don’t Get Scammed When You Sell Your Gold in Toronto by Allen Malloy http://torontojewellery4less.ca/dont-get-scammed-when-you-sell-your-gold-in-toronto/comment-page-1/#comment-808 Allen Malloy Tue, 20 Sep 2011 18:02:30 +0000 http://torontojewellery4less.ca/dont-get-scammed-when-you-sell-your-gold-in-toronto/#comment-808 Hi Raymond, it is hard to answer the question not knowing what it is we are basing the term "gouge" upon. The cost of the piece from my perspective is based upon what the value of the items are - eg, the actual cost of the material - gold - 10k or 14k etc, the acyual cost of the gemstones - diamonds etc.. If you brought me a gold band that has a particular weight, I could weigh the item and determine the gold value. If i determine there is $100.00 worth of gold in the band I would offer a buy price determined by the gold price, definitely not more than the gold price. I have had customers say that they think it is worth much more than that because they paid much more than that. One thing to keep in mind is that when you go into a shopping mall (very high rent) and see many many smiling faces behind the counter of the jewellery store, you pay for that smile, you pay the rent, you pay the electricity and heating or A/C, it is all in the cost of the item. If they sell the ring for $450.00 it is because they have bills to pay and that is what they think it is worth, it is not the actual cost or they would close up shop quickly. A customer may say to me that they think it is worth more because they paid more than that but I answer sorry but you may have paid too much, I will then show them similar items in my inventory clearly priced for them to see. The appraisal value or percieved value is not at all the cost price. The labor cost in every item is never redeemable after it leaves the premises where it is made. I have no labor cost with my items (Unless a customer wants me to make a custom designed ring) because it is estate jewellery, previously owned. It is like buying a used car, someone already paid the original labor cost, you just pay the resale cost. Another example of labor cost is in diamond chips. A 1pt or 2pt diamond is about $1 or $2 but if you want me to replace a diamond that size it will cost you $10 or $20 since you require my expertise that I schooled for. Try to sell that ring and you will not get $10 or $20 per stone you will get $1 or $2 per stone. A diamond cluster ring may have 9 - 2pt diamonds, the retail cost might be $90 to $180 just for the diamonds + the gold value, the resale cost brings the diamonds to their actual value. I would not pay $90 for 9 diamond chips if I could go out and buy the diamonds brand new for only $9. The main question would be - How did you attain the percieved value you attach to the item - if you are not a trained jeweller - to determine the "gouge' price you base your question on? Hope this helps. I will be happy to view the item(S) if you require, just let me know. All the bes Allen Hi Raymond, it is hard to answer the question not knowing what it is we are basing the term “gouge” upon. The cost of the piece from my perspective is based upon what the value of the items are – eg, the actual cost of the material – gold – 10k or 14k etc, the acyual cost of the gemstones – diamonds etc.. If you brought me a gold band that has a particular weight, I could weigh the item and determine the gold value. If i determine there is $100.00 worth of gold in the band I would offer a buy price determined by the gold price, definitely not more than the gold price. I have had customers say that they think it is worth much more than that because they paid much more than that. One thing to keep in mind is that when you go into a shopping mall (very high rent) and see many many smiling faces behind the counter of the jewellery store, you pay for that smile, you pay the rent, you pay the electricity and heating or A/C, it is all in the cost of the item. If they sell the ring for $450.00 it is because they have bills to pay and that is what they think it is worth, it is not the actual cost or they would close up shop quickly. A customer may say to me that they think it is worth more because they paid more than that but I answer sorry but you may have paid too much, I will then show them similar items in my inventory clearly priced for them to see. The appraisal value or percieved value is not at all the cost price. The labor cost in every item is never redeemable after it leaves the premises where it is made. I have no labor cost with my items (Unless a customer wants me to make a custom designed ring) because it is estate jewellery, previously owned. It is like buying a used car, someone already paid the original labor cost, you just pay the resale cost. Another example of labor cost is in diamond chips. A 1pt or 2pt diamond is about $1 or $2 but if you want me to replace a diamond that size it will cost you $10 or $20 since you require my expertise that I schooled for. Try to sell that ring and you will not get $10 or $20 per stone you will get $1 or $2 per stone. A diamond cluster ring may have 9 – 2pt diamonds, the retail cost might be $90 to $180 just for the diamonds + the gold value, the resale cost brings the diamonds to their actual value. I would not pay $90 for 9 diamond chips if I could go out and buy the diamonds brand new for only $9. The main question would be – How did you attain the percieved value you attach to the item – if you are not a trained jeweller – to determine the “gouge’ price you base your question on? Hope this helps. I will be happy to view the item(S) if you require, just let me know. All the bes Allen

]]> Comment on Don’t Get Scammed When You Sell Your Gold in Toronto by Raymond http://torontojewellery4less.ca/dont-get-scammed-when-you-sell-your-gold-in-toronto/comment-page-1/#comment-806 Raymond Tue, 20 Sep 2011 17:06:44 +0000 http://torontojewellery4less.ca/dont-get-scammed-when-you-sell-your-gold-in-toronto/#comment-806 Allen, I approached a jeweler in our home town 3hrs. north of Toronto and what they are offering is less than 1/3 of what mail in dealers are offering. I've done a telephone search to walk in dealers and they vary in cash deal prices by 50% or more. Your caveat about mail in dealers is astounding . Is there no one out there that is legitimate even face to face dealers who will gouge you for whatever they can get? Allen, I approached a jeweler in our home town 3hrs. north of Toronto and what they are offering is less than 1/3 of what mail in dealers are offering. I’ve done a telephone search to walk in dealers and they vary in cash deal prices by 50% or more. Your caveat about mail in dealers is astounding . Is there no one out there that is legitimate even face to face dealers who will gouge you for whatever they can get?

]]> Comment on How to get the Best Buck for your Gold by Allen Malloy http://torontojewellery4less.ca/how-to-get-the-best-buck-for-your-gold/comment-page-1/#comment-169 Allen Malloy Thu, 11 Aug 2011 17:05:26 +0000 http://torontojewellery4less.ca/how-to-get-the-best-buck-for-your-gold/#comment-169 Hi there Buying jewellery is what we do, I would very much be interested in seeing your ring. It is not appropriate for me to quote a suggested resale price from a description or an appraisal. I have seen very good appraisals and have seen very bad appraisals. I would need to see the item to tell you weather or not I would be interested in buying it and what it is worth. My address and phone # are below, please call ahead and I will make sure I am here when you come. I am here from 11am to 6pm Monday to Saturday, many nights I am here late, If you need a later time call and we can arrange it. When is a conveint time for you to come by? Allen Hi there

Buying jewellery is what we do, I would very much be interested in seeing your ring.

It is not appropriate for me to quote a suggested resale price from a description or an appraisal. I have seen very good appraisals and have seen very bad appraisals. I would need to see the item to tell you weather or not I would be interested in buying it and what it is worth.

My address and phone # are below, please call ahead and I will make sure I am here when you come.

I am here from 11am to 6pm Monday to Saturday, many nights I am here late, If you need a later time call and we can arrange it. When is a conveint time for you to come by?

Allen

]]> Comment on How to get the Best Buck for your Gold by daymen http://torontojewellery4less.ca/how-to-get-the-best-buck-for-your-gold/comment-page-1/#comment-167 daymen Thu, 11 Aug 2011 15:40:10 +0000 http://torontojewellery4less.ca/how-to-get-the-best-buck-for-your-gold/#comment-167 I have a diamond ring to sell. it was appraised at birks for 11k it has 1.3ct princess cut G-H SI1 it is a very good cut. how much can i get for this approximately? I have a diamond ring to sell. it was appraised at birks for 11k it has 1.3ct princess cut G-H SI1 it is a very good cut. how much can i get for this approximately?

]]> Comment on How to best sell your gold by Allen Malloy http://torontojewellery4less.ca/how-to-best-sell-your-gold/comment-page-1/#comment-49 Allen Malloy Wed, 08 Jun 2011 16:43:00 +0000 http://torontojewellery4less.ca/?p=231#comment-49 Hi there, I can determine if the stones have added value, diamonds rubies sapphires emerald might retain value, diamonds for sure but other stones get scratches or chips that make them useless. I can determine that when I see them. Allen Hi there, I can determine if the stones have added value, diamonds rubies sapphires emerald might retain value, diamonds for sure but other stones get scratches or chips that make them useless. I can determine that when I see them. Allen

]]> Comment on How to best sell your gold by Eimear O'Neill http://torontojewellery4less.ca/how-to-best-sell-your-gold/comment-page-1/#comment-48 Eimear O'Neill Wed, 08 Jun 2011 15:35:29 +0000 http://torontojewellery4less.ca/?p=231#comment-48 In speaking of selling older gold jewelry at a time, like now, when gold is high, you do not mention that gemstones etc must be removed or their value lost in most of these transactions. Any comment? (I'm someone with grandmother's and mother's gold rings, wondering about keeping or selling them right now.) In speaking of selling older gold jewelry at a time, like now, when gold is high, you do not mention that gemstones etc must be removed or their value lost in most of these transactions. Any comment?

(I’m someone with grandmother’s and mother’s gold rings, wondering about keeping or selling them right now.)

]]> Comment on Facts About Gold by Allen Malloy http://torontojewellery4less.ca/facts-about-gold/comment-page-1/#comment-32 Allen Malloy Sat, 04 Jun 2011 16:01:08 +0000 http://torontojewellery4less.ca/facts-about-gold/#comment-32 Experienced buyers when buying gold can estimate gold karat with a blindfold on. I myself can hold a piece of jewellery, like a wedding ring or a gold chain or bracelet or even a diamond solitaire ring. in my hand and judge the karat by estimating the size / weight ratio. I can likewise judge if it is not gold this way. That being said, I, as well as any jeweller in Toronto, will use nitric acid of varying strengths to get a further added verification. Experienced buyers when buying gold can estimate gold karat with a blindfold on. I myself can hold a piece of jewellery, like a wedding ring or a gold chain or bracelet or even a diamond solitaire ring. in my hand and judge the karat by estimating the size / weight ratio. I can likewise judge if it is not gold this way. That being said, I, as well as any jeweller in Toronto, will use nitric acid of varying strengths to get a further added verification.

]]> Comment on Facts About Gold by waseem http://torontojewellery4less.ca/facts-about-gold/comment-page-1/#comment-31 waseem Wed, 25 May 2011 18:23:08 +0000 http://torontojewellery4less.ca/facts-about-gold/#comment-31 I would like to know if there is any way to judge gold quality without making it an ingot. Thanks I would like to know if there is any way to judge gold
quality without making it an ingot.

Thanks

]]> Comment on Storing Your Jewellery 1 by Allen Malloy http://torontojewellery4less.ca/storing-your-jewellery-1/comment-page-1/#comment-47 Allen Malloy Wed, 22 Dec 2010 20:26:11 +0000 http://torontojewellery4less.ca/?p=151#comment-47 Hi Janet The sizing cost will depend on the karat gold required, the size increase needed and the thickness of the band. When you are in the neighbourhood drop in and I will size your finger. If the ring is on now and it is too tight it, will be necessary to take the ring off for a few days first to let the finger readjust to its normal size. Allen Key Words: engagement toronto buyer diamonds jewellery ring stores wedding jewelry diamond rings jewellers selling Hi Janet

The sizing cost will depend on the karat gold required, the size increase needed and the thickness of the band. When you are in the neighbourhood drop in and I will size your finger. If the ring is on now and it is too tight it, will be necessary to take the ring off for a few days first to let the finger readjust to its normal size.

Allen

Key Words: engagement toronto buyer diamonds jewellery ring stores wedding jewelry diamond rings jewellers selling

]]> Comment on Storing Your Jewellery 1 by Janet Lee http://torontojewellery4less.ca/storing-your-jewellery-1/comment-page-1/#comment-46 Janet Lee Wed, 22 Dec 2010 20:22:06 +0000 http://torontojewellery4less.ca/?p=151#comment-46 Hi Allen, How much would you charge to size up my wedding band as I discovered it is too tight now! I have an engraving on the inside of the band also. And, how long would it take? Janet Hi Allen,

How much would you charge to size up my wedding band as I discovered it is too tight now! I have an engraving on the inside of the band also. And, how long would it take?

Janet

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