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FAQ

Q. Do you buy diamonds?

A. Yes we buy .25 ct size diamonds and above. Each diamond will be appraised separately and you will be given the option whether to accept our offer or not. The appraisal process is FREE with no obligations to you.


Q. Is On-Site Service legal?

A. Yes, as long as the company is a licensed precious metals buyer and you are inviting us into your home to purchase your goods.


Q. How much will you pay for my items?

A. Payment depends upon the contents. We have to calculate the karatage (purity) of each precious metal, weight, current market spot price and value of each gemstone if any. We have direct access to our own refinery and have access to a wide ranging network of diamond brokers which gives us the ability to pay you top dollar for your items.


Q. What if I am not satisfied with your offer?

A. There is no obligation to you. If you are not happy with the payment offer for any reason your items will be returned to you.


Q. How do I know if my jewelry is real or not?

A. Our jewelry appraisal professional will evaluate all of your items for precious metal content. Most real jewelry have markings or stamps on them. For example: 10k or 417, 14k or 585, 18k or 750, 21k or 875, 22k or 917, 24k or .999 or .9999, STER or .999, PT or PLAT. KP stands for Karat Plum which means perfect. So 14KP means 14 karat plum not karat plated.
Costume jewelry and other items that are not pure gold, silver or platinum will be returned or disposed of at your request. Please do not send items that you know are not real.


Q: What is the minimum or maximum of precious metals and/or gemstones that you will accept?

A: We have the resources to handle any size transaction. We have paid out tens of millions over the years and are willing to handle your transaction whether it is a few grams or a large estate sale. Our company also understands that privacy is a major concern for some clients and we assure you that all transactions are held with extreme care and respect.

Gold Party FAQ

Q. How many people should I invite to my gold party?

A. There is no magic number but your commission will be based upon the total weight of precious metals and quality of gemstones that were sold to us. Your commission will be paid to you within 24 hours after the end of the gold party.


Q. Do you buy diamonds?

A. Yes we buy .25 ct size diamonds and above. Each diamond will be appraised separately and you will be given the option whether to accept our offer or not. The appraisal process is FREE with no obligations to you.


Q. How much do you pay per gram?

A. We pay above fair market value for precious metals. To get the exact amount we must evaluate the metals and gemstones. For example, in December 2010, we paid anywhere from $17 to $20 per gram for 14kt depending on the SPOT market price of the day and exact karatage of the precious metal.


Q. Is a gold party legal?

A. Yes! Our company is licensed and insured and you are legally allowed to hold a private and social event in the privacy of your own home. You are not allowed to make public advertisements to attract party members. Only your relatives, friends, acquaintances, neighbors and co-workers may attend.


Q. What if someone cannot attend my gold party?

A. Ask them if they are comfortable with leaving you their jewelry and that you could call them once their valuables are appraised. If they agree to our offer we will write out a check in their name and you could give it to that person later. This is a great way to increase the total amount of precious metals sold at your party.


Q. How long does an average gold party last?

A. The average gold party lasts 2 to 3 hours.


Q. Where do you test and determine the value of the gold?

A. We test and weigh everything right in front of you, and explain the process to you while we are doing it. This makes everyone completely comfortable with the process.

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100% Guarantee
At Michigan Gold and Diamond Exchange you are under no obligation to sell if you are not 100% satisfied with your payout. All you have to do is refuse our offer and we will return your items absolutely free.