
The Gold Market – How It Works and How Gold Prices are Determined
Gold is a precious metal that has been used as a currency and a
Westlake Gold buys precious metals of gold, silver and platinum, watches, loose and mounted diamonds, and vintage jewelry. In addition to buying your scrap gold and silver, we also buy diamonds, name brand jewelry, silver or gold coins, and timepieces such as Rolex, Cartier, Bvlgari, Roberto Coin, Van Cleef and Arpel, and many more.
With over 15 years of experience, Westlake Gold can quickly determine what your items are worth and offer you the best price available. We pride ourselves on giving our customers excellent service, saving you time and money.
Initial Evaluation
We first look at each item for any stamp it may have. Based on the stamp, we will do a test with acids to determine what karat it is.
Determine Value
We then separate each item by karat and group them together. We price each karat separately.
Make Deductions
Minor deductions are taken when the jewelry has gemstones or anything that is not a precious metal.
Fair Prices
We offer you the best price possible according to our pricing software.
Gold is a precious metal that has been used as a currency and a
The modern diamond engagement ring as we know it today was popularized by De
Know What You Have You’ll often see solid gold jewelry denoted as a number followed