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Aug22-11, 10:03 PM
P: 1,123
Quote Quote by Evo View Post
Yeah, unless it's really tacky, the jewelry would have more value than the gold by itself, you do pay for the finished product (when you consider how much you paid for it). But if gold goes up enough, sell that tacky jewelry!
I have a friend in the wholesale jewelry business. He claims the markup at the mall is 10x cost. He's also dabbled in wholesale scrap (gold and stones) from pawn shops. The gold is melted and recast and the stones are cleaned and reset - then sold as new. His favorite saying is "there's no such thing as a "new" diamond.