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Jeweler’s view: How to find the melt value of 14K, 18K gold or platinum jewelry.



Michael weighs and values some 14K gold hoop earrings, Lazooli’s 18K rose gold earrings, and his old platinum wedding band.

Value = weight of jewelry in grams X purity of gold in decimal form X gold price per gram.

Purity = karat / 24

Price per gram = price per troy ounce / 31.1

You will need:

1) a gram scale, like this: http://amzn.to/119zlU6
2) the gold price (http://lazooli.com, http://goldprice.org)
3) a calculator
4) the purity (or karat) of your jewelry – look for the stamp (10K, 14K, 18K, 22K, etc)

Shameless plug: note the melt value of those other 14K hoops ($99) compared to their price ($320, which was the best I could find as a retail customer). Only 30% of my money went towards gold – 15% would be typical.
Compare that to our high-end 18K rose gold hoops: melt value of $278 vs retail price of $440. A full 62.5% of the price goes towards pure gold: http://lazooli.com/products/rose-gold-18k-hoops-2-by-3mm

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jeweleryJeweler’s view: How to find the melt value of 14K, 18K gold or platinum jewelry.
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jewelery50K Jewelry Supply Online Store!! Testing Supplies, scales! SCRAP GOLD BUSINESS