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Illinois to Auction $125,000 of Unclaimed Jewelry on Ebay

November 25, 2008 by Administrator · Leave a Comment 

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Are you looking for some great deals on second-hand fine jewelry? Doesn’t matter if you are from San Diego, you can still take part in the Illinois jewelry auction on Ebay. Illinois State Treasurer Alexi Giuannoulias’ office has begun auctioning the contents of abandoned safety deposit boxes on eBay to holiday shoppers. Read more

Increased Demand for Platinum Jewelry in 2009?

November 25, 2008 by Administrator · Leave a Comment 

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According to a report from Johnson Matthey, demand for platinum jewelry may rise next year. During the past year, the rising price of platinum (which topped at $2,200 an ounce) had a negative impact on jewelry manufacturing. As prices rose, recycling of old platinum jewelry, especially in China and Japan, further depressed demand. But when the shocking news from the financial sector hit in the third quarter, prices of precious metals, including platinum, dropped significantly.

The current spot price of platinum has been hovering near $825 an ounce, while gold has dropped back to around $750, after topping $1,000 an ounce earlier in the year. The bigger drop in platinum prices compared to gold prices is said to be attributed to the fact that platinum is predominantly an industrial metal, while gold is more of a financial metal.

If demand for platinum jewelry increases that means the price of platinum will likely rise, too. So, if you are looking to sell some platinum jewelry, you may want to wait a few months to see what happens on the market. Platinum, along with its sister metals Palladium and Rhodium, may be set for a rebound.

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It always surprises us the amount of people there are in San Diego who are interested in the happenings at the big auction houses on both coasts and abroad. If you are one of them, we have some bad news: Sotheby’s Sale Disappoints.

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country) has seen a gold rush over the past year—with consumers cashing in on exploding gold prices to sell their outdated and unwanted gold jewelry to ease the burden at the pump, take a holiday, or modernize their fine jewelry boxes.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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