Sell your old jewelry for cash or trade for new jewelry
We buy gold and silver necklaces, rings, earrings, and even coins, watches, flatware and bullion. We buy diamonds too. Gold, silver or platinum; your metals have value that could be cash in your pocket or toward a new piece of jewelry. Even if you are unsure of the gold content or value of an item, we can help you determine which pieces have value. We are known in the Federal Way community for honest estate valuations, and even if we aren’t interested in purchasing your items we will help you find a buyer where possible. Our goal is to pay you the most for your gold and precious metals, and to help you get the most for your antique pieces.
We are committed to fair and honest purchasing as a service to our valued clients
As the number one gold buyer in the Federal Way and South Puget Sound area, we pride ourselves on establishing long-term relationships with our clients. At Federal Way Custom Jewelers, you won’t find mail-in bags or a pawn shop atmosphere. Here you will work one-on-one with a Gemological Institute of America trained jewelry professional who will help you sell your old gold or create a new piece of jewelry, while answering any questions you may have.
We also pay top dollar for diamonds and fine antique pieces
When you visit us we will sort your items into three categories: pieces we are not going to buy, those that we can pay for the metal value, and those that have value above the scrap price. We have antique and estate jewelry experts on staff that can evaluate your items and establish a fair secondary market value. For loose diamonds, we can grade them ourselves, but we pay extra for GIA, AGS or IGI certified diamonds.
Frequently Asked Questions
Is it a good time to sell my gold or diamond jewelry?
Yes! Years ago pure gold sold for $300 per ounce, but that price has increased five fold and now sells for over $1,200 per ounce! Lack of gold and diamond availability and an increasing presence of foreign markets are keeping these gold prices well above their pre-2008 levels. Silver and platinum are also maintaining high prices as the demand for alternative metals to gold is getting higher. Furthermore, investors are purchasing gold as liquid assets in record amounts, increasing demand and value.
Where is the best place to sell my gold?
Federal Way Custom Jewelers works directly with a local gold scrap and bullion buyer, eliminating the middle man. We use the up-to-date gold price and calculate the value of your gold on the day you bring it to us, a far better alternative to mail in advertisers and hotel conference room events. Unlike our national competitors, we want to give you the most for your gold and we strive to gain your trust and confidence. As a small business that thrives on word-of-mouth advertising from loyal customers, we feel that treating out customers fairly and honestly is the most essential aspect of our gold purchasing. We are proud to have gained the trust and respect of thousands of happy clients.
How do you calculate the value of my gold?
Calculating the value of precious metals is not as simple as ‘a stamped percentage and a weight’. We look at each piece and use a special acid test to measure its gold content. We then help you sort your pieces into the type of metal and pay you based on the weight of each category. For instance, if you had 10 grams of 14K gold, which is 58.5% pure, you would earn substantially less than if the gold was pure 24K. We take into account gold purity and costs to refine it when paying you for your gold.
Do you buy old gemstones and diamonds from my jewelry?
Often times we are interested in buying a piece of jewelry for the gold value only. If the piece contains gemstones or diamonds we generally return the stones to you, although if the stones are of high enough quality we may consider purchasing your stones separately or as a whole entity if we see fit. A special consideration is given to fine estate or antique pieces that can have value above the sum component of parts, but these are evaluated on a case by case basis. Be sure to consider allowing us to design an amazing new piece of jewelry for you using the gold and stones you already have.
Are there other ways to use my gold and gemstone jewelry?
Gold and gemstones make excellent resources for custom jewelry. When making a piece of jewelry, there are three expenses: metals, stones and labor. If you are able to provide a portion of the gold fee along with some gemstones from your old gold and jewelry, you can substantially reduce the out of pocket expenses of your custom piece. Not only would this allow you to utilize your old jewelry, but you would walk away from our store with a beautiful piece you will be proud to wear for years to come.
How much is my diamond worth?
To start, we evaluate all diamonds brought into us, whether they are certified or not and great stones result in great offers from us. We pay based on the 4cs: color, clarity, cut grade and carat weight and values are determined based on wholesale value and what is in our current inventory. Premiums may be paid for diamonds with GIA or AGS certification.
Why work with Federal Way Custom Jewelers?
- we pay fair prices and evaluate your diamond in a transparent process
- we have a direct market for your diamond, because we are a retail jeweler
- all of our sales associates are GIA trained and familiar with all diamond types
- we belong to jewelers networks that allow us to broker more unusual or large diamonds quickly
- we have been making clients happy since 1955. Check us out on Yelp, Google, and Facebook