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Condition is a major determining factor of the price received for your jewelry. Damaged and broken jewelry many times justify the restoration costs but most of the time damaged jewelry is only valued at its intrinsic worth. Jewelry repair in many instances is counter-intuitive. I have seen jewelry that has been mangled in such a way that the cost of restoration is minor and easily justified. On the other hand what appeared to be an insignificant problem rendered the jewelry unrestorable. Jewelry repair is one area you don`t want to be a "do it yourselfer". Let the professionals do it, or it could end up costing you a ton of money.
Jewelry is a style driven industry. Some styles are classic and stay around for decades, others last just a few months. Estate jewelry that is out of style can`t command premium price. In fact some styles are so out of favor that the jewelry`s only value is its intrinsic worth. The other extreme is that the jewelry could be antique. Antique jewelry is highly collectible and may require a specialty option to sell. Knowing if your jewelry is just old and out of style or an antique can mean the difference of hundreds, if not thousands of dollars.
The jewelry industry has been recycling for millennia. In fact some of the gold in your jewelry could have been in use since the time of Jesus. Damaged beyond repair jewelry is bought at its intrinsic worth. The intrinsic value is the metal (gold, platinum, silver) price plus any gems. The refining process used to recover the metal utilizes strong chemicals and has strict environmental regulations which impact the price given for metal brought to be recycled.
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