Gold And Diamond Buying
Learn about Gold & Diamond Buying
Do You Buy Gold, Silver, Platinum & Diamonds?
Turn Jewelry You No Longer Wear Into Cash
Have jewelry tucked away in a drawer or jewelry box that you no longer wear? At Hopman Jewelers in downtown Elkhart, we purchase gold, silver, platinum, diamonds, coins, bullion, and select jewelry items.
Whether you have a single broken chain, an outdated piece of jewelry, inherited items, or an entire collection you would like evaluated, our experienced team can help you understand what you have and whether it may have value.
There is no obligation to sell. Our goal is to make the process comfortable, straightforward, and easy to understand.
What Do We Buy?
Bring in your unwanted or unused items for evaluation. Depending on the item, we may purchase:
Yellow, white and rose gold jewelry
Sterling silver jewelry
Platinum jewelry
Diamond jewelry
Loose diamonds
Broken or damaged jewelry
Single earrings and mismatched pieces
Chains and bracelets
Rings and wedding bands
Coins
Gold and silver bullion
Sterling silver flatware
Sterling silver platters, vases & candlesticks
Select watches
Select estate and vintage jewelry
Dental gold
And don't worry if your jewelry is broken, tangled, missing stones, or simply out of style. Precious metal can still have value even when the jewelry itself is no longer wearable.
Click here to see LIVE gold, silver and platinum prices.
How Does the Gold-Buying Process Work?
We want selling your jewelry to feel comfortable, not mysterious.
1. Bring Your Items to Hopman Jewelers
Gather the jewelry, coins, precious metals, diamonds, or other items you are considering selling and bring them to our downtown Elkhart store.
You don't need to clean or polish your jewelry first. Bring it in just as it is.
2. We Examine Your Items
Our team will examine your pieces to determine factors such as metal type, purity, weight, gemstones, condition, and potential resale value.
Not every piece is evaluated strictly for its scrap-metal value. Certain jewelry, diamonds, watches, vintage pieces, or desirable items may have additional value based on what they are.
3. We Explain What You Have
Whenever possible, we'll help you understand what we're looking at and how the item's value is being determined.
4. We Make You an Offer
If we are interested in purchasing your items, we'll make you an offer. You are under no obligation to accept it.
If you decide not to sell, that's perfectly fine.
What Determines How Much My Gold Is Worth?
Several factors affect the amount you may be offered for gold jewelry.
Gold purity: Gold jewelry can be made in different karat qualities, including 10K, 14K and 18K. Higher-karat gold contains a greater percentage of pure gold.
Weight: The amount of precious metal in the piece helps determine its value.
Current precious-metal market: Gold and other precious-metal prices fluctuate, so offers can change as the market changes.
The jewelry itself: Some pieces may have value beyond their precious-metal content. Design, manufacturer, age, condition, gemstones, desirability, and resale potential can all play a role.
That's one reason we recommend having jewelry evaluated before assuming an old or unwanted piece is simply "scrap gold."
What About Diamonds?
We also evaluate diamonds and diamond jewelry for potential purchase.
A diamond's value can depend on many factors, including its:
Carat weight
Color
Clarity
Cut quality
Shape
Condition
Current market demand
Laboratory documentation, when available
If you have paperwork or a grading report from an independent laboratory such as GIA, feel free to bring it with you.
However, you do not need paperwork in order for us to look at your diamond.
Do You Buy Broken Jewelry?
Absolutely.
Broken chains, worn-out rings, damaged bracelets, missing stones, single earrings and other pieces may still contain valuable precious metal.
That jewelry box full of things you've been meaning to "do something with someday" may be worth bringing in.
What About Inherited Jewelry?
Inherited jewelry can be especially difficult to sort through because you may not know what is valuable, what is costume jewelry, or what should be kept.
We can help examine items and give you a better understanding of what you have.
If you are dealing with a larger collection or an estate, talk with us about the best way to have the items evaluated. Depending on your circumstances, you may also need a formal estate appraisal, which is different from an offer to purchase jewelry.
Selling vs. Appraising Jewelry: What's the Difference?
This is an important distinction.
A buying evaluation determines what Hopman Jewelers may be willing to pay to purchase an item.
An appraisal is a formal document prepared for a specific purpose, such as insurance coverage or estate-related needs. Appraised value should not be confused with the amount a jeweler or dealer may offer to purchase an item.
If you aren't sure which service you need, we'll help point you in the right direction.
Frequently Asked Questions
Do I need an appointment to sell my gold or jewelry?
For a small number of items, you can generally bring them into the store for evaluation. If you have a large collection or estate, contacting us beforehand is a good idea so we can determine the best way to assist you.
Do I have to sell after you look at my jewelry?
No. There is no obligation to accept an offer.
Should I clean my jewelry before bringing it in?
No. Bring your items in as they are.
Can broken jewelry still be valuable?
Yes. Broken or damaged jewelry can still have value because of its precious-metal content, gemstones, or the item itself.
Do you buy sterling silver?
Yes, we purchase select sterling silver jewelry and other silver items.
Do you buy platinum?
Yes. We evaluate platinum jewelry for purchase as well.
Do you buy coins and bullion?
Yes. We purchase select gold and silver coins and bullion.
Do you buy diamonds without certificates?
Yes. A grading report or other documentation can be helpful, but it isn't required for us to examine a diamond.
Is an appraisal the same as an offer to buy my jewelry?
No. An appraisal establishes a value for a particular purpose, while a buying evaluation determines what someone is willing to pay to purchase the item.
Visit Hopman Jewelers in Downtown Elkhart
If you have gold, silver, platinum, diamonds, coins, bullion, or jewelry you no longer wear, bring it to Hopman Jewelers and let our experienced team take a look.
Sometimes the pieces gathering dust in the bottom of the jewelry box can become a little extra spending money or perhaps help fund the next piece you'll actually love wearing.