“You kept my gold!”
You know that little piece or section of gold that the jewelers cut out of your ring when you get it sized?
What happens to it?
Why don’t the jewelers give you this extra chunk of gold back?
Isn’t it your gold?
The answer is:
Yes and No.
Of course it’s your gold… or used to be.
Once you get your ring sized down, that little piece of metal becomes the property of the jeweler.
Why is this?
Because it’s factored into the price of the repair.
When jewelers give you a price to size your ring down (sizing up doesn’t produce any extra pieces), it includes keeping the left over gold (or platinum, silver, whatever the metal may be).
Now you may think that jewelers are ripping you off. Some people think jewelers are making tons of money doing this, but that’s not the case.
Those tiny bits and pieces are what jewelers use to fix, repair and solder other jewelry repairs with. Plus, when your ring is cut apart (during sizing – see image) and the jewelers bend your ring back together, they solder it closed again using fragments that they just cut out of your ring. So your extra gold helps fuse your ring back together again.
Besides, when those scraps of gold are melted down, they usually result in just a drop of gold the size of a bee-bee anyway.
It doesn’t amount to much!
Some customers like to keep their scrap pieces. This is fine. Just tell the jeweler when you’re dropping your ring off for sizing that you’d like to Keep it. They will probably end up charging you a bit more for the repair.
We have some customers that like to accumulate enough scrap gold pieces that they can sell them back or exchange them for other repairs. Either way, it all works out the same.
The jeweler ends up with it.
Some of these scrap pieces get sent back to gold refineries to purify again. But usually jewelers keep these for much needed repairs. They are always looking for pieces and parts to fix rings and jewelry with. It’s a never ending process.
The main thing is you get your ring back, and it fits properly.
That’s the real goal.
I look at it this way, which would you miss the most?
That little scrap piece of gold (which you’d probably end up losing anyway)…
Or another $10 from your wallet?
Makes you think now doesn’t it?
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Author Richard Scott. Certified Diamontologist\Gemologist. 30 years of experience.
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