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when we present it.

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Selling Your Gold?

Why Choose Raleigh Gold?

If you plan on getting more than one offer on your items, we ask that you do so before showing your items to us. This way, if we take the time to examine your items and make a generous offer, you will be able to recognize the strength of our offer and we will have the potential to serve you at that time.

Designer items or items which may be resold will typically earn a higher price.

      Average price on 10k can range between $10 to $15 per gram = ($15.55 to $23.33 per pennyweight or dwt.)

Average price on 14k can range between $15 to $20 per gram = ($23.33 to $31.11 per pennyweight or dwt.)

Average price on 18k can range between $20 to $25 per gram = ($31.11 to $38.88 per pennyweight or dwt.)

The truth is, gross margins on scrap gold are typically small.  So small, in fact, that if you get multiple offers, they will probably be within 10% to 15% of each other.  If a buyer is paying you, for example, 60% to 70% of the melt value, the buyer’s gross revenue is only 30% to 40%.  Which means their net revenue (what they keep after they deduct their expenses) is a 1/3 to 1/4 of that, or about 7% to 10% net.  The gold market can move between 7% to 10% in a single day.  So, as stated, gross margins are typically small.  

Whereas, margins on new jewelry being sold in a retail jewelry store or website, are very different.  Most retail businesses like clothing, electronics, or furniture companies, buy an item wholesale, let’s say for $1.00, and sell it at retail for $3.00, $4.00, or more, earning them 300% or 400% or greater gross revenue, rather than 30% to 40% on scrap jewelry.  Again, scrap margins for the buyer can be quite small.  

Using any online scrap gold calculator, you can calculate 100% of the melt value.  Keep in mind that when gold is melted down, some small percentage of the gold and its various alloys are lost in the process.  What companies offer will differ from dealer to dealer, based on their costs of doing business and the profit margin earned on the transaction.  Some companies may pay as little as 15% of recoverable value. Others claim to pay 90%!  Bottom line is, most buyers will pay between 50% and 75% of recoverable value.  

Our Reviews

I had an amazing experience at Raleigh Diamond because of Jennifer Lincoln. Because of her knowledge and expertise she ordered me the perfect replacement stone to match my ring. She made me feel so good about what we could afford and didn't make me feel less because I couldn't afford a more expensive stone. She could not have been more precious and enthusiastic! She answered all of my questions and acted like they were all good ones! ; ) Because of her I will use Raleigh Diamond for my future jewelry needs and recommend everyone I can! My ring turned out beautifully I couldn't be happier.read more
Allie Quade
Allie Quade
18:14 07 Mar 20
Highly recommend Raleigh Diamond! Just purchased my engagement ring replacement (after losing mine). I worked with Becky. She was highly knowledgeable, very professional and made the process very easy. Huge selection of styles. So happy with my recent purchase!read more
Amy Sellers
Amy Sellers
22:37 12 Sep 19
Raleigh Diamond Fine Jewelry is and always has been my first choice when shopping for jewelry. Why? Customer service!!! I really appreciate the attention to detail and commitment to customer satisfaction. The magnificent show room of jewelry is intimidating for sure, especially if you’re trying to find a special gift. However, don’t be alarmed help will be with you soon. Thank you for making each and every experience satisfying! Douglas Bestread more
Tadpole Best
Tadpole Best
16:42 14 Mar 20
I am a full time graduate student with a hectic schedule and limited funds. When I knew I wanted to propose to my girlfriend I also knew I would have some hurdles to jump. Raleigh diamond was able to make those hurdles disappear. I walked in with a set budget and they were able to beat it and help me craft a beautiful ring I could be proud of. I worked with Jenny Damiano, who was nearly excited as I was about the proposal. She was personable and upfront and broke down the more nuanced points to buying an engagement ring. Whenever I walked in all of the staff greeted me with enthusiasm and kindness, and you can see they enjoy what they do and aren't trying to just make commission.The one blip I had was an interaction I had with the owner. There was an issue (which was fixed, so I still whole heatedly give 5 stars) for which I had to talk to him. He kept talking over me and telling me things were handled (that's fine, I get that he is busy), but then he turned to one of the sales people in the middle of our conversation and demanded to know why the music was playing so low. When the salesman tried to explain that one of the customers was having a hard time hearing another sales rep and asked for the music to be brought down, the owner cut him off (for the second time) and stated he didn't care and told him to turn the music back up. That interaction left a much worse taste in my mouth than low playing music, which I genuinely did not notice until he made a scene.Again, this place is great, and you can't go wrong with any of the salespeople, many of which I have had conversations with. They will go out of their way to get you what you want at your price point, and their jeweler is nothing short of a magician. We will be getting our wedding rings from here, and I hope to shop here for my fiancee for years to come. Give them a chance and you won't be disappointed.read more
Alex Casimir
Alex Casimir
15:02 14 Mar 20
Great Customer Service & Experience. Really enjoyed my experience purchasing from Raleigh Diamond. They made sure I was completely satisfied with my purchase and took the time to educate me all about diamonds. It was a difference of night and day when compared to other diamond jewelers that only seemed about getting my money (smile). Special thanks to the saleswoman Becky. She was awesome!!!!read more
WILLIE LAWRENCE
WILLIE LAWRENCE
13:50 26 Jan 19
My experience at Raleigh Diamond Fine Jewelry was fantastic. Jenny was so knowledgeable and told me the wonderful stories behind the exquisite pieces in the estate collections. She was very patient and non judgmental about my spending limits, and really educated me on the options available that l hadn't considered. Also gave me an introduction to the world of men's jewelry. An absolutely wonderful shopping experience.read more
Sherrie Tolliver
Sherrie Tolliver
20:06 13 Apr 20
I went here to buy my wedding band and what an amazing experience it was! They did not try and pressure me into buying a wedding band I could not afford but rather helped me to pick out the exact style of ring I was looking for! I will definitely be shopping here in the future! read more
Justin Peele
Justin Peele
16:58 11 Dec 15
My fiancee and I have had a great experience working with Derek @ Raleigh Diamond. She was able to pick out exactly what she wanted for her engagement ring. We will be back for the wedding band and highly recommend working with Derek -- he really made the experience worthwhile for us.read more
Joshua Hyatt
Joshua Hyatt
13:33 04 May 20