Frequently asked questions

How does calculate the value of my jewelry items?

Elite Diamond Buyers calculates the value of your gold, silver, and platinum based on 3 factors:

  • The price of gold, silver, or platinum based on the London PM Fixing price on the date of settlement.
  • The karat content of your gold, which is a percentage of 24 karats. 10 karat gold contains 41.6% gold, 14 karats contains 58.3% gold, 18 karats contains 75% gold, and 24 karat gold contains 99.9% gold.
  • The actual pennyweight (DWT) of your items.
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