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Onsite Goldsmiths

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Onsite Goldsmiths

RING SIZING

Our expert jewellers can determine your proper ring size and professionally size your silver, gold or platinum ring to fit you perfectly.

JEWELLERY CLEANING & POLISHING

We can clean, polish and restore your jewellery to look like new! Our professional jewellers will make your jewelry sparkle right before your eyes.

JEWELLERY MOUNTING & PRONG RE-TIPPING

Proper maintenance and prong re-tipping can prevent you from losing your precious stones.

CHAIN SOLDERING & BRACELET REPAIR

We can repair broken chains, pendants and charms or quickly refurbish your necklaces, bracelets and jewellery chains to look new.

STONE REPLACEMENT

Our professional jewellers can replace the stones in any setting — solitaires, three-stone rings, tensions settings, channel settings, bezel settings or pavé.

PEARL RESTRINGING

Let our professionals prolong the life of your pearls by restringing and inspecting the clasps. We also restring beads.

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Custom Design

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Custom Design

Bring your own creation to life with our design specialists and onsite goldsmiths. Let our team keep you involved step by step with our process. From computer CAD images to hand carved waxes, see your treasure develop in front of your eyes. Have broken or heirloom pieces you want to remodel? We do that too! No appointment necessary! Consultations are always free.

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Financing Available

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Financing Available

Together we'll help you determine whether 3, 6 or 12 months financing option works best for you. Applicable interest and borrowing fees applied.

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Lifetime Diamond Upgrade

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Lifetime Diamond Upgrade

Let our team assist you in exchanging or upgrading your center diamond. We can guarantee you have the brightest firecracker in the room! No appointment necessary.

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30-Day Exchange

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30-Day Exchange

30-Day Exchange You do have 30 days to exchange your purchase as long as the item has not been worn or damaged.

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No Interest Layaway

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No Interest Layaway

A popular choice by our customers. With a small deposit choose whether 3, or 6 months no interest layaway program works for you. To maintain no interest, a minimum of 5% payment is required each month.

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GMG JEWELLERS

Price of Your Gold

exact price of gold

Determining the Price of Your Gold


Determining the Price of Your Gold

When you’re searching for the price of your gold, there’s quite a few factors to keep in mind. You may be tempted to just read the daily price of gold on the internet and leave it at that, but in many ways, that’s the final step of a process that’s crucial to follow before you head down to your local jeweller. Whether you decide to perform the valuation of your gold at home or take it into a trustworthy jeweller, like GMG Jewellers, to have it weighed, appraised and tested, it’s always a good idea to know what goes into the process that determines the worth of your possessions.

How the Value of Your Gold is Determined

First, it’s important to separate your gold into three categories: scrap (such as broken jewellery and bits & pieces), intact jewellery, and coins. It’s important to separate these categories because they may have different value. Coins, for example, often have a value that’s greater than the amount of precious metal that goes into them—rare coins can be worth hundreds of times more than the amount of gold that goes into them. When it comes to complete jewellery, they can be loved again by another person, and GMG Jewellers has a phenomenal Estate Case to sell once loved pieces. You can ensure your piece will find a great home.

But once you’ve separated out gold scrap and unwanted jewellery, you’ll need to further separate the pieces according to their fineness. Check the inside of the pieces for stamps of fineness: The most common marks are 24k, 18k, 14k, and 10k. This refers to the amount of pure gold in the alloy of the ring. 24k means 100 percent gold, 18k is 75 percent, 14k is 58.3 percent, and 10k is 41.7 percent. While this changes the physical and aesthetic properties of jewellery, it also affects price.

If you have pieces that don’t have a stamp, you may have to utilize an acid test to determine the gold content of unknown pieces (or determine if they’re even gold at all). However, rather than investing in an acid test or Skey test kit that you won’t be using more than once, it may be more worthwhile to bring your pieces into a trusted local jeweller to have them assessed. At GMG Jewellers, we have a team of dedicated experts who can put their combined decades of skill and in-house testing equipment at your disposal.

Visit GMG Jewellers for Gold Buying Services You Can Trust

At GMG Jewellers, we have served the Saskatoon community for 35 years. In that time, we’ve developed a skill set that pairs exceptionally well with our top-shelf jewellery. When you’re looking for a new engagement ring, an opal necklace, someone to restring your antique pearls, or, in this case, someone to help you determine the price of your gold, make GMG Jewellers your first stop. If you’d like to find out more about what goes into valuating gold, don’t hesitate to give us a call at our Saskatoon, Saskatchewan showroom at (306) 665-8463!

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