Mark Maglin, Gemologist

How to Value Loose or Broken Jewelry

When it comes to damaged or broken jewelry, there are often two choices. You can either sell it for cash, or you can choose to repair it. If you intend to sell it for cash, then how do you value it? Does broken jewelry even have value? To find out, keep reading for more information!

Is Broken Jewelry valuable?

The fact is that whether a broken or damaged jewelry has value depends on a lot of factors like the person buying it and what they intend to use it for. People that purchase broken jewelry can wear it, collect it, use its parts to create other crafts and jewelry pieces, or even earn some cash from buying and selling it.

How Do You Determine the Value of your Broken or Damaged Jewelry?

Appraising the value of damaged jewelry is not always so easy, especially if you don’t know what you are looking for. Below are a few tips that can come in handy.

•Research the jewelry online or take it to a jewelry shop to get some idea of value or worth. This is usually the starting point. To determine how much a piece of broken jewelry is worth, you first must know how much it would be worth if it were not broken or damaged.

•Check the jewelry for flaws like missing or chipped stones, scratch marks, and broken clasps. Check for these flaws as they make the jewelry depreciate.

•Check the jewelry with an eyepiece to see if there is a silver or gold mark on it. For silver, you will normally see .999 and .925 as they are the standard marks. For gold, look out for 10K, 14K, 18K or 22K.

•Try holding a magnet to the jewelry to see if it would stick. If it does not, then you may have either gold or silver because those two metals are not magnetic. This step is important as there are metals designed to resemble gold and silver when they are just cheap metals in reality.

At the end of the day, the best way to determine the value of damaged or broken jewelry is to speak to a professional in that line of business. They can help with the appraisal of the jewelry and assess the possibility and costs to re-purpose or repair it.

Even if your jewelry is broken or loose doesn’t mean you have to dispose of those earrings or bangles just because they are damaged, as they say ‘one man’s trash is another man’s treasure. By getting an appraisal you can learn more information about its worth, and just might be able to sell it for a fair price!

Contact Gembyr Today!

If you have old or broken jewelry to sell, our team can help! We’ll offer you the best rates at the fairest possible cost for all of your old and broken jewelry items. If you have damaged jewlery, diamonds, or gold accessories, contact Mark today for a free consultation or appraisal you can also contact Mark by email or calling today at 1-603-828-1144.