I don't get why the fad is still going. Selling gold to be melted down is a HUGE rip off, in my opinion, as will be evidence by this little post I'm about to share about my recent experience trying to sell to Toronto's Omni Jewelcrafters at Bathurst & Glencairn.
I went to Omni hoping to sell 3 things. These things are as follows:
1) A 14k gold circle pendant (with chain) featuring a ring of small diamonds. (Original price: about $500)
2) A pair of diamond earrings (studs). Smallish, by v. high quality diamonds, set in white gold. (Original price: $750)
3) One 18k gold earring set with six small diamonds (like the ones in the circle pendant) that didn't have a mate. It was real, but I don't know how much it cost, because I found it in Heathrow airport six years ago.
I wasn't expecting that much, but considering that I had original receipts and/or appraisal documents for each item, I figured I might get a nice little chunk of change. Maybe... $200? $250?
Not even close. Omni offered me $110. For all three items combined.
Now, this is jewellery I don't want. It's stuff I don't wear. Besides the found earring, it was all given to me by an ex and is infected with bad juju. I WANTED to sell it, but I just couldn't bring myself to settle for such a crappy pay out.
I had receipts! I had appraisals! But in the world of jewellery hocking, such things mean nothing, I've learned.
Perhaps I should have known. I mean, consider the kinds of ads these outfits run.
I'd also like to add that the clerk at Omni was a bit smarmy and condescending, which didn't make me want to make a deal. Regarding the pendant necklace, he said "I know it's pretty and it sparkles, but it's not really worth anything." And "these diamonds are sOooo small ... it would cost me as much as they're worth to remove them from the setting."
Um. Yeah right, I thought. You could take apart this setting in five minutes, buster. You're not fooling anyone.
The whole experience was lame. I parted with the one earring and was paid $20 for it. (Six little diamonds, plus the thick gold setting and all I got was $20. But hey... he was doing me a favour, right? The diamonds were soooo small.) I let the earring go because I'd found it. Didn't seem fair to profit too much from someone else's loss. But I took the rest of my pieces home.
After having this experience, I can't understand why people sell jewellery this way at all. You've got to be desperate.
Maybe I'll do some sort of bad juju cleansing and start wearing this stuff again. Maybe I'll regift it. Who knows?
Omni Jewel & Java Café
2793 Bathurst St.
Toronto, ON M6B 3A4
P.S. Also, there's a built in café/restaurant at the Omni location I visited. Because it makes total sense to combine food service and fine jewellery sales? Totally weird.