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SDJB’s Gold Buying Business

April 24, 2010 by Administrator · Leave a Comment 

In the following media interview, the owner of San Diego Jewelry Buyers (SDJB) discusses the ways in which his company’s gold and jewelry impacts the local economy.

San Diego Jewelry Buyers has been in the gold, jewelry, and watch buying business for some thirty years. In these difficult financial times, what role do you see your company fulfilling with regard to the larger San Diego economy?

Owner: Every day, San Diegans bring me items which have been lying around in a dresser or safe deposit box, and trade it in for cash. Yesterday a woman in her 80s traded in her scraps of old gold for about $1800, and said she was going straight to Best Buy to get a brand new flat screen TV and home theatre for her apartment. All things considered, I think she’ll get a lot more enjoyment from that TV entertainment center, than she was getting from some old broken gold jewelry that had been lying around in her dresser drawer for 30-40 years. I joked with her that if someone ever breaks into her apartment, the gold would have been a lot easier to make off with than the new giant flat screen TV mounted to her wall!

So you are saying that San Diego Jewelry Buyers helps customers realize wealth they might otherwise have forgotten about?

Owner: In many cases, yes. But it also is more than that. When people find out that they have un-tapped wealth sitting in their drawers and cabinets, wealth that can be transferred into quick discretionary income, this feeds the local economy. Money is moved, circulated, spent, and re-generated through all the businesses that the customers patronize with their sudden “windfall”. In addition, taxes are paid on all of these new transactions, thus supporting local, state, and federal government services.

But at some point doesn’t this all run out? I mean, there is only so much of this “untapped” wealth lying around, right?

Owner: On the one hand yes, and on the other hand, no. People often ask me “you keep buying all this gold, don’t you think the public will run out of gold soon?” My answer is to point to the whole eBay phenomenon, which turned millions of everyday Americans into moonlighting dealers of second-hand merchandise. That started long before the current gold rush and economic crisis, and people are still selling their unused possessions on eBay, as much if not more so than ever. So do you think that Americans will run out of diamonds, gold, silver, jewelry, and fine watches anytime soon? Sure, the economy is bad now but it will eventually turn around. New precious items will continue to be bought, which eventually become “old” items, and SDJB will be here to turn those items into cash and transfer that wealth back into the economy.

From what I understand, you also see San Diego Jewelry Buyers’ business as contributing to more than just the economy, don’t you?

Owner: That’s right. As a professional jeweler and designer, I’ve been a longtime supporter of sustainable luxury. And when it comes to selling your gold to a company like SDJB, people are helping the environment by reducing the need for eco-harmful gold mining activities. The same thing goes for when consumers sell us their pre-owned diamonds and precious gemstones. It’s a win-win situation for our customers, for us, and for the community.

SDJB, Timothy Meier, & Green Gold

March 25, 2009 by Administrator · 1 Comment 

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San Diego Jewelry Buyers (SDJB) has teamed up with local award-winning designer Timothy Meier to provide “green” (eco-friendly) fine jewelry to San Diego residents. San Diego and Southern California residents can bring their used gold jewelry into SDJB’s shop, located in the Gaslamp District of downtown San Diego, and receive cash for it today. Read more

SDJB Sees Gold Rush Going Green

September 22, 2008 by Administrator · Leave a Comment 

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California (and the entire country) has seen a gold rush over the past year—with consumers cashing in on exploding gold prices to sell their outdated and unwanted gold jewelry to ease the burden at the pump, take a holiday, or modernize their fine jewelry boxes. But San Diego Jewelry Buyers reports that it is not just $900+ dollar spot prices for gold that is sending customers through their doors. They say that shoppers desire to “go green” is also a driving factor.

“The internet has made jewelry customers tremendously more informed,” says SDJB spokesperson Alan Blyler. “Not only do they know more about the 4 Cs of diamond quality and the intricacies of fine millgraining and filigree, they increasingly are aware of the ways that gold and diamond mining impact the environment. Today, many people come to us because they are looking to do their part toward recycling precious resources.”

The impact to Mother Earth in creating a single piece of jewelry is truly astounding. The production of one 18k gold ring is said to generate 20 tons of mine waste, while it takes another 250 tons of mine waste to process a single one carat diamond. The environment is also at risk from the cyanide used to separate the gold from the ore—which if not carefully disposed can make its way into streams, rivers, and groundwater.

The smelting process that removes gold impurities is another culprit. According to the Worldwatch Institute, an independent research center dedicated to environmentally sustainable living, the world’s smelters release more than 140 million tons of sulfur dioxide (13 percent of global emissions) into the atmosphere every year.

By selling unwanted gold jewelry (and platinum jewelry) which can either be melted down, refashioned, or resold to an interested buyer, consumers can help reduce the need to expand mining activity around the globe, especially in developing areas which often lack the safeguards for environmental protection. “With the burgeoning wealth of countries like China and India, there are millions of more shoppers seeking fine jewelry, which is putting added pressure on the gold and diamond mines,” says Blyler. “When customers sell their old jewelry, they can help relieve that pressure, and take us another small step toward a healthy planet.”

With only about 15% of gold consumption recycled each year, there is undoubtedly much more waiting to be refashioned again into exquisite jewels. To learn more about how you can resell and recycle your fine gold jewelry, platinum jewelry, and silver jewelry, please visit SanDiegoJewelryBuyers.com.

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Gold lovers will surely enjoy the gold jewelry of master goldsmith Gurhan Orhan. Check out our profile of this extraordinary designer at: Gurhan Orhan: 24K Gold Master Craftsman.

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