What’s It Worth? When Gold Goes High, Profits Go Low

We bought this mid-century modern, Tiffany and Co. 155-gram 14K gold and jade box from a North Carolina Jeweler for only 5 percent over gold value, which was $4,800. While we would love to be able to sell it for double what we paid for it, which was the profit margin jewelers aimed for back in the day, in this day — with gold valued at over $1,500 an ounce — it’s just not feasible.

When gold value is lower (in the $500 to $1,000 per-ounce range) making 50 percent profit is not unheard of. But when gold is high and pieces like this scrap for $4,500, the chance of doubling your money is nonexistent.

While we paid $4,800 for this Tiffany and Co. gold and jade box, and while it is likely a unique piece, it is for sale in our Tampa location for only 30 percent above gold value – or $5,875.

Please show us your valuable watches, jewelry and diamonds.

You’ve seen us in the Wall Street Journal, Forbes Magazine and the New York Times. We are internationally known buyers of fine gems and watches 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.
Tampa International Plaza, 813.875.3935. Contact Us
Old Northeast Jewelers, Fine Jewelry and Watches, Buying and Selling since 1984.

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