So, how much does jewellery remodelling cost? Jewellery remodelling can be a daunting process. Most people have no idea of the costs involved & are sometimes torn between remodelling an old piece vs selling it & buying a new piece. Here are some tips for resetting your old jewellery & an idea of prices…..

Decide what the jewellery means to you

Are you considering remodelling your jewellery for sentimental reasons, or to save money? If it’s the latter ask your jewellers if the project is economically viable. If, on the  other hand it’s for the sentiment, then you may want to pay the same or even a little more than the finished piece is worth so that you can wear that treasured heirloom again.

What is precious metal(s) are old jewellery made from?

If your jewellery is Gold of any colour (white yellow or rose) then it is almost always a lot cheaper to remodel your jewellery than to buy a new piece. This is because Gold prices are so high these days. If your jewellery is Silver (actual Silver not to be confused with Silver coloured metals like Platinum or white Gold) then it will cost you a lot more to remodel that to buy a new piece. This is because the labour to hand make a new piece far outweighs the value of the Silver you are supplying. Silver is also a very soft metal, not ideal for everyday wear. Bearing this in mind most people that remodel Silver only do so if the old jewellery has an incredibly high sentimental value as this customer did: Family jewellery from Silver cutlery set.

Should you just sell your old jewellery & put the money towards something new instead?

DEFINITELY NOT! Second hand jewellery shops are incredibly harsh when buying in jewellery usually offering just 25%-33% of the jewellery’s retail value. This means if you were to sell your old jewellery & buy something new you would effectively be downgrading your jewellery. For example if you had a ring worth £2,000 you would get £500-670 for it. You then spend that on a new ring & as you can guess it would be an inferior piece. For this reason it is always better to remodel your jewellery.