The price of gold climbed by more than 30% in 2020
There’s a little misunderstanding between jewellers and their clients that almost always occurs when it comes to having old pieces remade. The client brings in granny’s ring to have the stones put into a new design, and often seems to think the scrap gold is worth hundreds and hundreds of pounds, if not more. They then baulk when told that their scrap metal has gone into the gold recycling bin that every jeweller has.
Truth be told, that worn-out band, now cut into a few shards, isn’t worth more than a few measly pounds. It’s an unspoken rule that chucking that tiny amount of metal into the jeweller’s pot is an accepted quirk of the trade – albeit not a widely known one.