When and how do you calculate the offer?Share
Typically within 7 business days of receipt of your package, our production team will evaluate the karat of each piece of gold sent to us. We will find out how much your piece is worth based on the percentage of pure gold content and the gold daily market price. A 6% handling and refining fee will be deducted from the total $ amount.
For instance: If we test your 30dwt 18k gold chain today, and it has 22.5dwt of pure gold content (see Q.1 for karat chart) and today’s gold market price is $850 per ounce, your store credit will be of $956.25 – 6% (handling and refining fee) = $898.88.