What to Do With Old Gold and Diamond Jewelry

Have you ever wondered what to do with your old gold and diamond jewelry that’s just sitting in a drawer, collecting dust? It’s time to take action and explore the possibilities of breathing new life into these precious pieces. Whether they hold sentimental value or are simply no longer your style, there are numerous options available to ensure that your old jewelry doesn’t go unnoticed or unused.

In this article, we will delve into a variety of ideas for what you can do with your old gold and diamond jewelry. We will start by discussing how to assess the value of these pieces, so you can make informed decisions about their future. From there, we will explore different options for selling your jewelry, whether it be through traditional means or online platforms.

But selling isn’t the only option. We will also discuss how you can reimagine and repurpose your old jewelry into new and unique pieces that better suit your style. Additionally, we’ll look at restoring and repairing your jewelry to bring back its original beauty.

If you’re interested in upgrading to newer and more stylish pieces, we’ll guide you through the process of trading in your old jewelry. And if giving back is important to you, we’ll explore opportunities for donating your gold and diamond jewelry to causes that could benefit from their value.

For those feeling crafty, we have some fun and easy DIY projects for transforming your old gold and diamond jewelry into one-of-a-kind creations. And lastly, we’ve consulted with jewelry professionals who will provide expert advice on what to do with your old pieces.

So don’t let your old gold and diamond jewelry sit forgotten any longer. Embrace the possibilities that lie within these timeless treasures and discover how they can add new sparkle to your life.

Assessing the Value

Before you decide what to do with your old gold and diamond jewelry, it’s important to understand its monetary value. Assessing the worth of your jewelry will help you make informed decisions about whether to sell, repurpose, restore, trade-in, donate or craft with it. Here are some tips on how to determine the value of your old jewelry.

Firstly, consider the quality and condition of your jewelry. This includes looking at the metal purity and presence of gemstones. Gold is typically measured in karats, with 24k being pure gold and 10k being a smaller percentage of pure gold mixed with other metals. Diamond jewelry should be evaluated based on the carat weight, cut, color, and clarity. Additionally, consider any unique or historical elements that may increase its value.

Next, research current market prices for gold and diamonds. Precious metals like gold have fluctuating market values that can change daily. Websites and resources dedicated to buying and selling jewelry can provide current market prices for gold based on its weight and purity. Similarly, reputable jewelers or appraisers can provide an appraisal for diamond jewelry based on its characteristics.

Consider seeking professional appraisal services. If you have vintage or high-value jewelry pieces, it may be worthwhile to have them professionally appraised. An expert appraiser can examine your jewelry in detail, considering factors such as craftsmanship and brand reputation that contribute to its value. They will provide you with an accurate assessment of the worth of your old gold and diamond jewelry.

By assessing the value of your old jewelry through evaluating quality and condition, researching market prices, and seeking professional appraisals when necessary, you can confidently move forward in deciding what to do with your precious items. Whether you choose to sell them for some extra cash, repurpose them into new designs or donate them for a cause you believe in, understanding the worth of your old gold and diamond jewelry will help guide you towards the best decision.

Consider Selling

Once you have assessed the value of your old gold and diamond jewelry, one option to consider is selling it. There are several different avenues you can explore when it comes to selling your jewelry.

  1. Sell to a Jewelry Store: Many local jewelry stores buy used gold and diamond jewelry. They will assess the value of your pieces and make you an offer based on the current market price for gold and diamonds. Selling to a jewelry store can be convenient and quick, but keep in mind that they may offer a lower price since they need to make a profit when reselling.
  2. Online Marketplaces: Another popular option is selling your old jewelry online through platforms such as eBay or Craigslist. These platforms allow you to set your own price or auction off your items to the highest bidder. Online marketplaces give you a wider reach and potential for higher prices, but they also require more effort in terms of taking photos, writing descriptions, and managing the sale process.
  3. Consignment Shops: Consignment shops specialize in selling pre-owned items on behalf of their customers. You can bring your old gold and diamond jewelry to these shops, and they will help you find a buyer for a percentage of the sale price. Consignment shops often have their own customer base and expertise in marketing, making it easier for your jewelry to find interested buyers.
  4. Pawnshops: If you are in need of immediate cash, you may consider selling your old jewelry at a pawnshop. Pawnshops offer loans with your jewelry as collateral, but if you choose not to repay the loan, they will keep your items and sell them themselves. While pawnshops usually offer lower prices compared to other options, they provide quick access to cash.

Before deciding which option is best for you, it is important to research each avenue thoroughly by comparing prices offered by different buyers, considering any fees or commission charges involved, and reading reviews from others who have sold their jewelry through these channels.

Reimagining and Repurposing

If you have old gold and diamond jewelry that you no longer wear or love, don’t let it go to waste by letting it collect dust in your jewelry box. Instead, consider reimagining and repurposing your jewelry into new pieces that you will adore. Not only will this give your old jewelry a new lease on life, but it also allows you to create unique and sentimental pieces that reflect your personal style.

One creative idea for transforming your old jewelry is to have it redesigned into something completely different. For example, if you have an outdated gold necklace, you could have the chain removed and the pendant transformed into a beautiful ring or bracelet. By working with a skilled jeweler, you can collaborate on a design that showcases the diamonds or other gemstones from your original piece in a fresh and modern way.

Another option is to mix and match different elements from multiple pieces of jewelry to create something entirely new. This could involve combining gemstones from different rings into a custom-made necklace or using the gold chains from several bracelets to create a unique pair of earrings. The possibilities are endless when it comes to repurposing your old jewelry, so don’t be afraid to get creative and think outside the box.

For those who prefer a more DIY approach, there are plenty of fun and easy ways to craft with your old gold and diamond jewelry. You can use small diamonds or gemstones as embellishments for other craft projects such as picture frames or hair accessories.

Alternatively, you could take apart old necklaces or bracelets and use the individual components in your own handmade jewelry designs. By reimagining and repurposing your old jewelry in this way, you can not only save money but also tap into your own creativity and create something truly one-of-a-kind.

How to Identify a Real Diamond in Jewelry

Restoration and Repair

If you have old gold and diamond jewelry that holds sentimental value, but has lost its beauty over time, restoration and repair can be a great option. Instead of letting these pieces sit in your jewelry box, consider breathing new life into them by restoring their original beauty. Here are some steps to guide you through the process:

  1. Assess the condition: Begin by examining your jewelry to determine what kind of restoration or repair it needs. Look for any missing stones, damaged settings, or worn-out metal. Take note of any specific issues that need attention.
  2. Find a reputable jeweler: It is crucial to find a skilled and trustworthy jeweler who specializes in jewelry restoration and repair. Ask for recommendations from friends or family, or conduct thorough research online to find jewelers with positive reviews and testimonials.
  3. Consult with the jeweler: Schedule a consultation with the jeweler to discuss your restoration goals and listen to their expert advice on what can be done to bring back the beauty of your old gold and diamond jewelry. They may suggest replacing missing stones, repairing damaged settings, or even polishing and cleaning the piece to restore its shine.
  4. Discuss the cost: Restoration work can vary in terms of complexity and cost depending on the condition of your jewelry. During your consultation, make sure to discuss pricing with the jeweler so that you have a clear understanding of what expenses may be involved before proceeding with the restoration process.

Once you have made all the necessary arrangements with a trusted jeweler, they will take care of restoring your old gold and diamond jewelry to its former glory. Keep in mind that it may take some time for the restoration process to be completed depending on the extent of work required.

Restoration not only rejuvenates your precious pieces but also preserves their sentimental value for future generations. Whether it’s an heirloom piece passed down through generations or a cherished wedding band, investing in restoration and repair is a fantastic way to ensure that your old gold and diamond jewelry remains beautiful and meaningful for years to come.

Trade-in and Upgrade

If you’re looking to upgrade your jewelry collection and add some new, stylish pieces, trading in your old gold and diamond jewelry can be a great option. Not only does it allow you to get rid of pieces that you no longer wear or love, but it also gives you the opportunity to acquire something fresh and exciting.

When it comes to trading in your old jewelry for newer pieces, there are a few different options available. One popular option is to trade your jewelry in at a reputable jewelry store or pawn shop.

These establishments often have professionals who can assess the value of your old pieces and help you find something that suits your style and preferences. It’s important to research and choose a trustworthy place that will offer you a fair trade-in value for your items.

Another option is to consider online platforms that specialize in buying and selling pre-owned jewelry. These platforms provide a convenient way to sell your old jewelry and use the funds towards purchasing something new. Many of these websites have experts who can help evaluate the value of your items before making an offer.

Trading in your old jewelry not only allows you to upgrade to newer pieces, but it also gives you the chance to stay current with trends and styles. Instead of holding onto outdated or worn-out pieces, exploring trade-in options can be an exciting way to refresh your collection with something more fashionable. Additionally, many jewelers offer customization services, meaning you can work with them to create a personalized piece that reflects your unique taste and style.

Jewelry StoreOnline Pre-Owned Platform
Allows for in-person assessmentConvenient online selling process
Possibility of negotiating trade-in valueWide range of potential buyers
Opportunity to try on new pieces and receive expert guidanceNo physical interaction, everything is done remotely

Donating for a Cause

When it comes to old gold and diamond jewelry, one option worth considering is to donate it for a cause. By donating your old jewelry, you not only give new life to the pieces but also contribute to a meaningful cause or organization that can benefit from the value of your donation. There are several opportunities available for those looking to make a difference through their old jewelry.

One common way to donate old gold and diamond jewelry is by giving it directly to charitable organizations. Many charities accept jewelry donations as a way to generate funds for their programs and services. Whether it’s supporting education, healthcare, environmental conservation, or other social causes, donating your old jewelry can make a positive impact on the lives of others.

Another option is to donate your old jewelry to auction houses or fundraising events. These platforms allow your pieces to be auctioned off, with the proceeds going towards charitable initiatives. It’s an excellent way to maximize the value of your jewelry while contributing to a cause that aligns with your values.

Lastly, consider donating your old gold and diamond jewelry directly to individuals in need. Local shelters, community organizations, or support groups often welcome such donations as they can provide assistance and show care for those going through difficult times. Your contribution can be especially meaningful in helping someone feel valued and supported during challenging circumstances.

To help you decide which organization or cause would be the best fit for your donation, it’s important to research and reach out directly. Understand their mission, how they plan on using donations, and if they have any specific guidelines or requirements for accepting jewelry donations.

In addition to feeling good about supporting a cause you believe in, there may also be potential tax benefits associated with donating your old gold and diamond jewelry. Consult with a tax professional or accountant to understand how those benefits may apply in your specific situation.

Opportunities for DonationDescription
Charitable OrganizationsDonating directly to charities that support various social causes.
Auction Houses/Fundraising EventsDonating for auctioned sales or fundraising events that benefit specific initiatives.
Individuals in Need/Shelters/Community OrganizationsDirectly donating to individuals or local organizations that provide support to those in difficult circumstances.

Going DIY

When it comes to your old gold and diamond jewelry, one option to consider is embracing your creative side and repurposing these pieces into new creations. Going the do-it-yourself (DIY) route not only allows you to explore your artistic abilities but also gives your old jewelry a second chance at being cherished. Here are some fun and easy ways to craft with your old gold and diamond jewelry.

Charm Bracelet

One popular DIY project for repurposing old jewelry is creating a charm bracelet. This is a great way to combine different elements of your jewelry, such as charms, pendants, or small gemstones, into a single cohesive piece. Start by selecting a suitable chain or bracelet base that fits your personal style.

Then, attach various charms or pendants from your old jewelry using jump rings or small connectors. You can mix and match different elements to create a personalized charm bracelet that tells your story.

Statement Earrings

Transforming an old necklace or brooch into statement earrings can breathe new life into your outdated pieces. Select eye-catching focal points from your jewelry, such as large gemstones or intricate designs, and remove them carefully using pliers. Next, attach earring posts or hooks to these focal points using appropriate adhesive or jump rings for added security. With a little creativity and craftsmanship, you’ll have a stunning pair of statement earrings that will turn heads wherever you go.

Decorative Picture Frame

If you have pieces of old gold and diamond jewelry that hold sentimental value but are no longer wearable, consider turning them into a decorative picture frame. Start by choosing a plain picture frame that suits the size of the jewelry pieces you want to incorporate. Clean the jewelry pieces thoroughly and arrange them in an appealing design on the frame’s surface.

Secure them in place using strong adhesive or wire if necessary. Place a cherished photograph in the frame, and you’ll have a unique and sentimental piece of art to display in your home.

What to Expect in Return for Diamond Jewelry

By going DIY, you can add a personal touch to repurposing your old gold and diamond jewelry. Whether it’s creating a charm bracelet, making statement earrings, or designing a decorative picture frame, the possibilities for crafting with your old jewelry are endless. Embrace your creativity and enjoy the process of breathing new life into these cherished pieces.

Expert Advice

Consulting with a Jewelry Appraiser

One of the best ways to get expert advice on what to do with your old gold and diamond jewelry is by consulting with a jewelry appraiser. These professionals have extensive knowledge and experience in assessing the value of different types of jewelry. They can provide you with valuable insights into the quality, market demand, and potential resale value of your pieces.

A jewelry appraiser will carefully examine your old jewelry, take note of its characteristics such as color, clarity, cut (for diamonds), and purity (for gold), and determine its current worth. They can also identify if any gemstones are present in your jewelry, which could significantly increase its value. With their expertise, they will be able to give you an accurate estimate of how much you can expect to sell or trade-in your old jewelry for.

Getting Advice from Jewelry Designers

If you’re considering repurposing or reimagining your old gold and diamond jewelry into new pieces, seeking advice from jewelry designers is highly recommended. These professionals specialize in creating unique and custom jewelry designs that will bring new life to your old pieces. They can work closely with you to understand your vision, style preferences, and budget constraints.

Jewelry designers can provide valuable insights on how best to revamp your old pieces while preserving their sentimental value. They will guide you through the creative process by suggesting design options that incorporate elements from your existing jewelry. Whether it’s incorporating gemstones into a new necklace or using gold from an old ring to make custom earrings, their expertise can help you transform your outdated belongings into beautiful new pieces.

Researching Current Trends in Jewelry

Another piece of expert advice when deciding what to do with your old gold and diamond jewelry is researching current trends in the industry. Styles and fashion preferences change over time, so it’s essential to be aware of what is popular in the market. By staying up-to-date with trends, you can make informed decisions about whether to sell, repurpose, restore, or trade-in your old jewelry.

Take the time to research different types of gold and diamond jewelry that are currently in demand. Look for inspiration from fashion magazines, online platforms, and social media for fresh ideas on how to breathe new life into your old pieces.

It’s helpful to know if specific materials, designs, or styles are highly sought after as this can influence your choices when deciding what to do with your jewelry. The knowledge gained from researching will enable you to make more informed decisions about the best course of action for your old gold and diamond jewelry.


In conclusion, your old gold and diamond jewelry doesn’t have to sit forgotten in a drawer or safe. By assessing its value, exploring different selling options, considering reimagining and repurposing, restoring and repairing, trading in for newer pieces, donating for a cause, going the DIY route, and seeking expert advice, you can breathe new life into your old jewelry.

One option to consider is selling your old gold and diamond jewelry. There are various options available such as selling to a jeweler or through online platforms. It’s important to research the market and get multiple appraisals to ensure you’re getting a fair price for your jewelry.

Another possibility is reimagining and repurposing your old pieces into something new. You can work with a jeweler to design a custom piece using the stones from your old jewelry or combine them with other materials for a unique creation. This not only gives new life to your jewelry but also allows you to create something that reflects your personal style.

If restoration and repair are needed, seek out the help of professionals who can bring back the original beauty of your old gold and diamond pieces. A skilled jeweler can clean, polish, re-set stones if necessary, or make any necessary repairs.

Trading in your old jewelry for newer and more stylish pieces is another option worth considering. Many jewelers offer trade-in programs where you can use the value of your old pieces towards new ones. This allows you to update your collection without spending too much money.

For those looking to give back, donating your old gold and diamond jewelry provides an opportunity to support a cause that is meaningful to you. Research organizations that accept jewelry donations or consider hosting a charity auction where the proceeds go towards a cause close to your heart.

If you’re feeling creative, embrace the DIY approach by crafting with your old gold and diamond jewelry. From making unique pendants or earrings to incorporating them into home decor items, there are endless possibilities to explore.

Lastly, seek the advice of jewelry professionals who can offer insights and guidance on what to do with your old pieces. They can provide expert opinions on value, design options, and the best course of action based on your specific jewelry.

Frequently Asked Questions

What can you do with old gold and diamonds?

When it comes to old gold and diamonds, there are several options available. One possibility is to sell them. Consider contacting reputable jewelers or specialized gold and diamond buyers who may be interested in purchasing your items. Another option is repurposing the materials.

You can work with a skilled jeweler to create new pieces of jewelry or unique designs using the existing gold and diamonds. This allows you to preserve the sentimental value while giving the items a fresh look. Finally, if you have inherited antique or vintage pieces, you might also consider donating them to museums or organizations that collect such items.

What is the best thing to do with old gold jewelry?

The best thing to do with old gold jewelry largely depends on your personal preferences and circumstances. If you no longer wear or enjoy the jewelry, selling it could be a great option as it allows you to turn it into cash that can be used for other purposes.

However, if there is sentimental value attached or if you would like to maintain a connection with the piece, repurposing it into something new is worth exploring. Engage with a reputable jeweler who can help transform your old gold jewelry into something more contemporary or even customize it according to your desires.

What can I do with my grandma’s old jewelry?

Your grandma’s old jewelry holds both sentimental and historical value, so it’s essential to treat it with care and respect while deciding what to do with it. One option would be keeping some pieces for yourself as heirlooms, allowing you to carry on your family’s legacy through these treasures from your grandmother. Alternatively, consider passing them down to other family members who might appreciate owning a piece of their heritage.

If there are particular pieces that don’t hold personal significance but have historical appeal, explore options such as donating them to museums specializing in antique jewelry collections or local institutions that celebrate cultural heritage. These organizations often welcome such contributions for preservation and educational purposes

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