REFINING CUSTOMERS - Due to the current influx of precious metal pricing, our standard lead time has increased by 3 business days. Please allow 6 business days for refining clean scrap and 13 business days for stone removal and/or sweeps.
Refining is an important part of any jewelry store’s business. If systems are set up properly, refining can help bring in business and improve cash flow.
Use Refining To Bring In Business
Everyone has an old high school ring, a broken chain, or an outdated piece of jewelry. Advertise that your store will give great trade-in values for unwanted jewelry.
When you’re in-between seasons and business is slow, promote the fact that your customers can trade-in their old jewelry for cash to purchase new jewelry.
Use Refining To Improve Your Cash Flow
Don’t hoard your scrap gold, platinum, palladium and silver. Your goal should be to turn your scrap like the rest of your inventory, at least twice a year. Remember that scrap gold does nothing for you unless you trade it in and turn it into usable material or cash.
Estimate your settlement by using our REFINING CALCULATOR.