Archive for the ‘ sell gold ’ Category

Industry Update: Diamonds May Surpass Gold for Investing

A scattering of "brilliant" cut diam...

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According to David Parkinson of The Globe and Mail , there’s a sly little gemstone sneaking up stealthily behind gold to become the big-ticket investment grab of the year. While gold can’t seem to stay out of the headlines, diamonds have been steadily gaining Wall Street-cred in their own right.

Traditionally, diamonds and gold move in the same direction on the charts, but since the 2008 financial crisis, gold has skyrocketed thanks to its reputation as a solid way to store wealth. Diamonds, meanwhile, experienced “a recession-driven drop-off in jewellery sales” that weighed heavily on their market value. But over the course of the last year, diamonds are again trending upward as investors start to realize that diamonds may just be an even better investment than gold.

“Diamond companies look underpriced versus gold, [platinum group metals] and silver (SI-FT) stocks on a [price-to-net-present-value] basis,” wrote Edward Sterck, diamond-producer equity analyst for BMO Nesbitt Burns in London, in a recent research report.

Whether diamonds are actually a sounder investment than gold is debatable, but according to analysts “the outlook for gems looks strong on a good old fashioned supply-and-demand basis.”

Since 2006, the mining and production of diamonds has dropped off significantly. Diamond producers aren’t actively seeking new mines, or even doing much with those they’ve already established. Rather, they’re depleting the existing supply of diamonds, while a new demand lurks on the Eastern horizon.

China and India are producing a surge of new consumers eager to buy jewelry, which is viewed as a long-lasting investment especially in their cultures. According to the Globe and Mail, “Last year, diamond demand jumped 31 per cent in India and 25 per cent in China.”

Meanwhile, in the U.S., the diamond demand jumped 7% in 2010 – solidifying diamonds as a sound investment for wealth and not just the jewelry box.

To read more, visit The Globe and Mail’s website.

Liz for Raymond Lee Jewelers, your trusted source for jewelry industry updates, news and trends.

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Gold! What A Great Time to Find Gold Treasure!

Temple Tower during LakshaDeepam Festival

Image via Wikipedia

Should India Trust their government with their newly discovered treasure?

We know it isn’t sexy, like Vogue, but when there’s this much gold discovered, when gold is more valuable than ever, we just have to talk about it!

Should any country? In Thiruvananthapuram, the capital of Kerala, many people (including the state’s top elected official), Hindus and the former royal family that still oversees the temple — are arguing that the treasure should remain, for the most part, untouched, at the Sri Padmanabhaswamy temple, the place it has been for centuries now.

There is a concern among many that public officials entrusted with large sums of money (the treasure) will pocket much of it and probably poorly manage what is left. This is in light of recent scandals, including one that involved telecom licenses that came at a cost to the government of approximately $40 billion bucks!

Sri Padmanabhaswamy temple, Treasure, India

Sri Padmanabhaswamy temple

Beneath a Temple in Southern India, a Treasure Trove of Staggering Riches!

By Raymond Lee Jewelers. Specialist in the fields of selling gold, diamonds and jewelry appraisal!

Jewelry Appraisal- Appraise! Appraise, and Re-Appraise!

Jewelry Appraisal – Appraise! Appraise! and Re-Appraise!

Have your jewelry appraised! Theft is on the rise and if your jewelry hasn’t been recently appraised, it needs to be! Diamonds, gold and platinum have made huge gains over the last couple of years and if you haven’t had your jewelry updated with your insurance, you could be potentially loosing more than  your jewelry if stolen!

jewelry appraisal

Have You Appraised Your Jewelry Lately?

Diamonds have increased in value almost 50% while platinum and silver have seen historical jumps in value as well.  Once you have had your appraisal, you need to call your insurance agent right way to update and validate the new value of your precious jewelry.  For example, if you paid $5,000 for a diamond necklace more than 5 years ago, it could cost you $10-$15,000 today if you had to replace it!  Of course non of us want to think about our homes being broken into, but it is a common occurrence and we can never be too careful.

Where can you find a reputable appraiser that you can trust?  One suggestion is to go through either THE NATIONAL ASSOCIATION OF JEWELRY APPRAISERS or THE AMERICAN SOCIETY OF APPRAISERS. These professionals are considered ethical and are required to be continuously educated.  Or you can go to your Boca Raton, FL own Raymond Lee Jewelers to meet with their own in-house expert and can help guide you to ensure protection and appraisal accuracy.

 

jewelry appraisal 

Also, please remember to contact your insurance agent to be aware of your insurance policies and making updates to policy to be ensure you are most protected.

By Raymond Lee Jewelers. For information regarding jewelry appraisal!

Gold Briefly Surpasses Platinum In Price on Tuesday

Gold Key, weighing one kilogram is used to acc...

Will Gold Surpass Platinum?

For a little while on Tuesday of this week, gold was more valuable than platinum! That’s right!

Typically you might find that platinum is roughly twice the price of gold. That’s why platinum members of any group or credit card get more perks, and that’s why recording artist always strive to have their recordings go platinum, not gold.

We can thank the economy and its pending threat to dip again for this, as investors have been hesitant to invest in many things, they have turned to gold and gold has responded like a champ. I didn’t think I’d ever write this sentence, “Gold is 1,782.50 an ounce”. But I did, and I may not be done writing new things yet!

Several industry experts have chimed in on the phenomenon. Lee Josephson, VP of Raymond Lee Jewelers in Boca Raton isn’t one that believes this will affect the retail sales of jewelry,  however. “There is still a certain allure to buying platinum,” Mr. Josephson said. “So, it’s not the price that affects consumers as much. There is still the perception that platinum is more prestigious.” And we agree.

Byron King, senior analyst of Agora Financial in Baltimore says, “When you travel to the Middle East, every town and mall of any significance has a ‘gold souk,’ where the merchants gather to buy and sell gold items. I’ve never seen a ‘platinum souk,'”

Some precious metals dealers, such as James DiGeorgia, believe that since platinum mainly serves as an industrial metal, it could eventually take a second seat to gold in light of the economic situations on a global scale.

Jewelry Education: HOW TO SELL OR BUY JEWELRY

“WHAT DO I NEED TO KNOW

ABOUT JEWELRY 

when I go to sell or buy it?”

Good question! 

Florida Jewelry Store

POINTERS TO HELP YOU SELL OR BUY JEWELRY

Here’s a quick checklist of knowledge you should have before you go shopping for expensive jewelry.

  1. What is a Karat? It’s a good idea to know that gold karat number varies with weight, design, finishing and country of origin. Finishing can be done by hand or by machine, and this makes a difference. 24 karat gold, or pure gold, is too soft for molding into wearable jewelry, thus it needs to be mixed with other metals to strengthen it. The metal used to mix into the gold can change its color. WHAT TO KNOW if it’s less than 10kt (roughly 42% gold), than it can’t be sold as gold legally. You’ll hear these terms: “fill”, “electroplated” or “overlay” and that means it just has a thin gold coat on the piece of jewelry.
  2. What are the four C’s? Don’t expect to read this and have a working knowledge of the four C’s, but I can at least acquaint you with the language. WHAT TO KNOW – the four C’s are Cut, Color, Clarity and Carat. If a jeweler can’t discuss these in great detail, they don’t know enough to be selling you jewelry, keep shopping.
  3. Be aware of chain stores who employ retail sales clerks AND have no actual jewelers on staff. WHAT TO KNOW  – Local jewelers will almost always have a more educated and knowledgeable staff.
  4. If you are going to purchase a really expensive piece of jewelry, USE A MAJOR CREDIT CARD AND HAVE IT APPRAISED immediately.

Now, you officially know more than most people about jewelry shopping! Enjoy ~

By Raymond Lee Jewelers. For information and news regarding fine jewelry and/or luxury watches!

Rapid Reporting: Gold Bullion made a bad batch! Jamie Campany

Gold Bullion made a bad batch!

In a world of economic turmoil, downgraded status, and the U.S. dollar sinking faster than the Titanic, many of us are scrambling to find a secure, safe and reliable means of investing our monies.  Precious metals, such as gold bullion gives us that security we are all craving.  However, here is a “BUYER BEWARE” scam that is sweeping the nation.  There are “brokers” running around and targeting our senior citizens to quickly invest their savings into these precious metals, but only taking the money, not bringing back the metals they “invested”.  As with anytime you are looking to invest, due diligence is required to fully investigate any and all companies!

Gold - Bullion Bars

In Florida, these precious metal exchange stores were going up faster than Starbucks, Walgreens and medicial dispensaries combined!  Most recently, Gold Bullion Exchange founder, Jamie Campany, plead guilty to fraud.

 He was one of many who took client’s money with no intent to purchase the precious metals he promised.  Ok, that’s the bad news.  Good news, is now this under regulated commodity is now over-sought by US Commodity Futures Commission.  If the trade of monies to bullion isn’t finalized (metal being delivered to the original buyer) within 28 days, that is a violation of the new law and the federal government prosecute.Lee Josephson, of Raymond Lee Jewlers suggests, “It is always a good time to buy precious metals. As the currency continues to get weaker precious metals continue to rise.” Raymond Lee Jewelers buys Bullion and Gold.

ALL ABOUT THE IWJG AND THEIR UPCOMING SHOW IN L.A., CA

ALL ABOUT THE IWJG AND THEIR UPCOMING SHOW IN L.A., CA

So on August 22nd and 23rd, the world greatest and best watch and jewelry membership guild for buying, selling and exchanging collectibles and antiques all over the world.  

BURLEY BULLOCK

BURLEY BULLOCK

They were founded in 1988 by Burley Bullock who is the corner stone  for one of the successful watch exchange in the U.S.A.  Now a family affair, exhibits and shows are held year round in major cities across the states.  These shows are not open to the public, only serious collectors and re-sellers are allowed, so the members are guaranteed to get a captured audience with serious buyers.

IWJG

CLICK FOR MORE EVENT LISTINGS

The main attractions will be held at the Hilton in Universal City and within walking distance to the famous Hollywood! It doesn’t get anymore glamorous than this!  For protection for the exhibitors and attendees, security is on hand to ensure a safe and happy time for all.  Members will also receive several newsletters informing them of the latest prices and trends so they can keep updated in one easy and convenient source.

CLICK FOR MORE EVENT DATES AND LOCATIONS

Raymond Lee Jewelers will be on hand of course to look for the unique and true “works of art” to bring back and showcase in their Boca Raton, FL location.  We have developed the reputation of being the best, are not going to let anyone down this time either.

By MK, writer for Raymond Lee Jewelers, Boca Raton’s premier Jewelry Store and Luxury Watch Store!

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