How to trade in old gold jewellery for new pieces in India, and how are gemstones valued?

From messages by 2 participants in 1 source · Last activity: 29 days ago

TL;DR

In India, jewellers commonly accept old gold by weight at the current gold rate; when choosing a new piece, you typically pay the making charges and tax. Small diamonds often have little separate resale value, while valuable stones with international certificates may be assessed individually.

What the community said

For a gold jewellery exchange, the jeweller weighs the old item and credits its metal value at that day’s gold rate. For the replacement piece, the usual extra costs are tax and making charges.

29 days ago Current gold rate; tax and making charges

Take jewellery with stones to a jeweller for inspection: a valuable diamond with an international certificate may be removed and valued separately. Very small stones of around 2 mm usually have little trade-in value and may only be useful for repairs.

29 days ago Approx. 2 mm diamonds; international certificate

One reported local-jeweller price for replacing a small missing diamond was about ₹500 including labour. Silver quality in India is covered by the government BIS system; hallmark information can be checked through the Bureau of Indian Standards.

29 days ago ₹500 including labour; Bureau of Indian Standards (BIS)