Buying and Selling Scrap Gold Tips

If you are dealing in scrap gold and are considering buying or selling it, remember that you want to work directly with gold refineries. These are companies that purchase gold scrap and melt it down themselves. That way they can give you the best price. Also remember:

• Do all of your research upfront. Some gold refining companies will claim that they have done business for decades but they may not actually have been in the gold business for much of that time. It is a good idea to only work with a company that has been in the gold business for at least 10 years. The more experience the gold refinery in NYC has, the better.
• Review their website carefully. Does the firm state its buying and selling policies clearly? Does it have a physical address, and does it have a compliance program? There are many state and federal laws governing the purchase and sale of scrap gold. You only want to do business with a company that follows all of the regulations.
• Communication. You want to work with a gold refinery that has many ways for you to contact them. If the site gives you a toll-free number, a physical address and an email address, that is a good sign. That way, if there are any problems, you have an easy way to contact someone.
• Do not lock into the transaction right away. Some firms have policies that say once you have provided your scrap gold, you must commit to their price. You should not ever sell without knowing the exact precise. A legitimate company will connect with you with a quote first.
• Do not use middlemen. You have to work with a reputable company that is directly engaged in the gold buying and selling business. You need to have a contact that has its own, on site refinery. You will always get the best price from the company that has its very own refinery.

Maximize Your Recovery with Us

When you work as a jeweler, it’s important to make sure you get the most out of your metal. Jewelry Refining Group, Inc., provides gold refining in NYC, making sure that you are able to improve the recovery of precious metals removed during the finishing process, giving you increased returns when refining. Our staff works with the following:

• Bullion – This is anything that can be melted down, including scraps, spries, stripping, and clean sprue grinding.
• Stone Removal – We provide break-out services, helping your organization recover diamonds and other gemstones from finished pieces of jewelry.
• Sweeps – Polishings, buffs, brushes, floor sweeps, and rubber wheel grindings, as well as shop debris and sludges are often missed in the refining process. We can assist you with them.
• Solutions – From waste water to stripping or bombing solutions, we can help you sift through these fluids to make sure you get every last little bit.

Count on the team at Jewelry Refining Group, Inc., to help you run your jewelry factory in an efficient manner. We have more than 20 years of experience refining gold and other precious metals and are willing to assist you. For your peace of mind, we follow a strict code of ethics, making sure that everything is accounted for at all times.

How to Improve the Environmental Impact of Refining Metal for Jewelry

If you’re like many metal refiners, the issue of environmental impact has crossed your mind. This is especially true if the state in which you’re based has strict regulations that target your business for excessive copper, silver, and other non-precious metals that qualify as restricted. Improve your business’s impact on the environment and reduce precious metal waste by adjusting how you operate.

Hire Professionals

If you craft jewelry, you don’t always have the time to devote to refining metal. The best precious metal refiners take on clients and offer to do the refining for them from jewelry craft excess and other materials clients gather. They also sell their own refined metal so you don’t have to worry about collecting materials. Focus on what matters to you — the jewelry design and manufacture — and stop worrying about environmental impacts by leaving the refining to the experts.

Don’t Mix Ultrasonic Solutions With Waste Water

The waste water you use to collect the small amount of precious metal that comes off during your refining process or even when polishers wash their hands won’t collect all of your metal. If you consistently mix ultrasonic solutions into your settling tanks with the waste water, you’ll lose even more of the metals back along with the waste, which means your excess metals make their way back to the natural water source in your area.

Use Flocculant

Even if you keep your ultrasonic solutions separate from your waste water, you’ll still have some metal that escapes with the water. Filters won’t help. Treat the water with flocculant before it leaves the building and the metal particles will collect as a sludge that’s easier to extract.

Caring about your business’ impact on the environment not only keeps your business free of regulation infractions, but it also ensures you get the most metal out of your refining process. If you don’t want to worry about it, do the most efficient and easy thing: hire an expert to do it or buy from the expert directly.

3 Ways to Save Money When Starting a Jewelry Design Business

Jewelry design is more than just a hobby for many jewelry enthusiasts, it’s a lifelong dream. Whether you’ve taken years of classes to earn your license as a master craftsperson or you’re about to start selling your own homemade designs online, starting your jewelry business will require an investment. However, there are ways where you can trim costs.

1. Hire a Refining Group

The best precious metal refiners have extended access to materials that they can then turn around and sell at a much more affordable rate than most suppliers. They gather the metal you need from shavings and used parts of things that seem to have nothing to do with jewelry making, such as aircraft. They then refine them into workable metal for jewelry makers. It’s much cheaper to get your supplies from them.

2. Gather Materials to Refine

Refiners also allow professionals to give them material from which they can refine metal. Save even more money when you provide the metal shavings or parts instead of relying on the supply they already have in stock. Talk to the experts about the best sources to find these parts and see if there are any junk yards or used parts places in your area.

3. Take Charge of Advertising Yourself

If you have the money, a good advertising firm can make a big difference to the launch of your business. However, if you’re operating on a limited budget, it makes sense to take charge of your own marketing. Create social media profiles for your business and engage the jewelry lovers online through relevant posts about the industry. 

Don’t be afraid to talk to other professionals in the jewelry business about how they saved money when starting their own lines. Input from your colleagues is especially crucial when you’re crafting on your own. So sign up for trade shows, conventions, and local artist fairs to start getting your name out there.

3 Unexpected Sources of Metal in Which You Can Invest for Your Jewelry Business

Crafting jewelry out of fine metals is more art than business, but you can’t successfully sell your art without a little business acumen. Besides marketing and shipping logistics, one of the most important things on your to-do list is to acquire quality materials at an affordable price. Hiring professionals to do metal refining is your best option — and you may be surprised to find quality metal in unexpected sources.

1. Aircraft Parts

The experts in palladium refining have been able to refine the metal from sources such as aircraft parts for use in jewelry making. See if there are any aircraft parts for sale in your area or salvage some at a junk yard. You don’t even need to purchase a complete working aircraft, as the parts alone are bound to be cheaper. If you don’t want to deal with the large purchase yourself, ask the experts to sell you what they’ve refined from their materials.

2. Circuit Boards

Computers are hardly the first thing that comes to mind when thinking about jewelry making, but the circuit boards in particular have metal parts that can be refined if you know what you’re doing. People are constantly upgrading their computers and have no use for their older models. There’s a surplus of computers headed to recycling centers, so see if you can get your hands on some of the parts.

3. Shavings

Professionals refine metal from old jewelry, coins, and even things like circuit boards and airplane parts. However, if you’re not carefully collecting the shavings that result from the refining process, you’re missing out on a source of metal that adds up fast. Rely on experts to use vacuuming and careful cleaning procedures to acquire all of the shavings that fall off during processing.

Speak to the experts about refining metal for your jewelry business. Whether you provide your own materials or purchase what the refiner has to offer, you’ll be satisfied with the quality of your investment.