Opals are probably the most misunderstood gem in the world because they come in such a wide variety of color, clarity, size and price ranges.
Department store opals that are very white (a.) with little play of color have a very low resale value of between $5 and $10. Jelly opals (b.) look like they are suspended in jelly and have a better resale value, but still are relegated in fair market terms to $5 to $50.
Black opals (c.) are sought after because of their size, cut and play of color — and can be worth $100 to thousands of dollars, especially if they are set in platinum or high-grade mountings.
The most sought-after colors in opals are red, then orange and then an array of other colors. We c. purchased this opal (d.) for $2,000, even though it is a so-called boulder opal, which means it is in the rough. It has huge splashes of red. If it was really large and could be cut into a cabochon shape it would be worth tens of thousands of dollars; but because of the size and red coloring it is for sale in our store for $3,500. The retail appraisal value is $6,000.
We have dozens of experts on staff and are former Sothebys.com associates. We are always buying fine opals, fine jewelry and fine diamonds. If you need an appointment in St. Petersburg or Tampa, give us a call or email JeffreyPHess@aol.com
Mail in your items (we can send you an envelope/package to send in your goods), we will call you for a consultation when we receive your package. We can deposit money into your account.
House calls? Yes — we can meet you at our store, your home, or your attorney’s office.
We will meet you at your home, bank, or attorney’s office. Always buying diamonds, fine wristwatches, pocket watches and expensive jewelry. Gold is high; sell NOW! No estate too small or too large.
JEFF HESS, Owner & Appraiser.
Comments, questions or suggestions for this column, please send to jeffreyphess@aol.com.
St. Petersburg 1131 4th St. N, St. Petersburg FL 33701. 727.898.4377.
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Old Northeast Jewelers, Fine Jewelry and Watches, Buying and Selling since 1984.
