When 10% More is Not Always A Good Thing.
There is a new company around us, they are operating mostly in the malls, this company is offering 10% more for the gold that you bring in, and sell to them. We had a client who asked us if this was for real? I could not answer the question because we did not know anything about them, but my gut told me that there was something not right about that. I told her go take a look maybe they will give you more for your gold then we do. I separated all of her gold, wrote down gram weights, and prices for each. She came back in an hour later with this to say
For the 21kt gold they would give her $18.00 a gram + 10% that would put her at $19.80 a gram. We are taking the 21kt gold @ $28.00 a gram. She said she could not under stand how they could offer so little? As I told her “everyone is free to buy at what ever price they want to, and it is up to the consumer to decide if they want to sell to them or not.”
Happy Thanks Giving
All of us at N.J. Diamonds would just like to wish you all a safe, and happy Thanks Giving. This is our 13th year here at N.J. Diamonds, in November 13 years ago we opened our store, and many things have changed, but one thing that never changes is our commitment to our clients. We have been so blessed, and look forward to the future with all of you, this Thanks Giving we would like to give thanks to all of you who have been with us from the start, and to those of you who are new to our store. We give thanks to you, because if not for all of you we could not have made it this far.
THANK YOU
Ring Sizing…
Gold falls from record hights…
NEW YORK (MarketWatch) — Gold futures fell Thursday, pulling back from their record highs above $1,150 an ounce, as souring sentiment over U.S. economic prospects lifted the U.S. dollar, reducing gold’s appeal as a hedge against a weaker currency.

U.K. Royal Mint Quadruples Production Of Gold Coins.
Nov. 19 (Bloomberg) — The U.K.’s Royal Mint, established in the 13th century, more than quadrupled production of gold coins in the third quarter after demand for the metal increased as investors sought to hedge against a weakening dollar.

N.J. Diamonds Week Wrap Up…
This week found the rise in gold price, this means that we raised our buying price, we also had many sales this week in the store, some lovely diamond engagement rings sold, and 21kt gold was very hot item for sales this week. Many, many people asking for coins, and once’s we sold all of the once’s we had in the store, and many English coins. 21kt gold bangles are another jewelry item that we have been selling a lot of in recent months.
N.J. Diamonds diamond engagement rings, and more.
Have you updated your appraisal
Have you updated your appraisal?
If you have a lot of gold jewelry that you may have bought when the price of gold was lower, this would be a good time to get your jewelry appraised. Lets say you bought your gold when the price per once was $600.00, today the price per once is $1,108.00 an once. That is a huge price jump, and many of us forget that about the gold jewelry that we have in our jewelry box. You should have all your jewelry appraised not just the gem stone jewelry. Lets say you appraised your gold at the old price, and that gold jewelery was stolen you would only get the old price, (the price that gold was at when your appraisal was written). In this area we have so many people who by high karat gold jewelery, and many do not even think about having their gold appraised, and added to their home owners insurance, do not make this mistake.
N.J. Diamonds diamond engagement rings and more.










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