Where is the Jewelry Industry heading?

The Future Looks Bright

The jewelry industry in 2016 saw back-to-back gains as consumer confidence rose. So, how does 2017 and the future look? Well, it’s good news! The overall sentiment is that the industry will continue to expand – but at a moderate pace. NRF President and CEO Matthew Shay said in a recent press release “All of the fundamentals are in a good place, giving strength to consumers and lending us to believe that this will be a very positive year.” If this is true, it will be a welcome development for the retail sector that has shown some downturn as “brick and mortar” stores continue to close.

Jewelry sales have grown in 2017 with sales up by 1.2%. This could best be contributed to the recent launch of diamond marketing campaigns that are targeted at Millennials. This campaign focuses on redefining the symbol of diamonds.

We are excited to see that the future is bright for the industry. To request a FREE collection container and get started refining your precious metal scrap, please fill out the form here: www.core-scientific.com/kit 

How Jewelers Are Helping To Stop The Sell of Conflict Diamonds?

In today’s market consumers are sensitive about where their products come from. It doesn’t come as a surprise that jewelry buyers are concerned about possibly buying a conflict diamond, especially as the trade has been rife with controversy. According to this article, “About 65 percent of diamonds are mined in Africa, where warlords and rebels in countries such as Angola, Côte d’Ivoire, the Democratic Republic of Congo, Liberia and Sierra Leone have used profits to fund bloody wars.”

Consumers have a lot of buying power these days. And jewelers are taking notice of this need to ensure they avoid selling conflict diamonds. Since 2003, jewelers have adhered to the Kimberley Process (KP), the international initiative to increase transparency and oversight in the diamond industry.

One company, Brilliant Earth, advertises and sells ethically produced jewelry that does not “come at a high human or environmental cost,” according to its mission statement.

“Many consumers today are more interested in understanding where their purchases come from and the practices behind them,” Kathryn Edison Money, Brilliant Earth’s vice president of strategy and merchandising, said in an email. “We’ve found this is especially true for a purchase as significant as a diamond ring.”

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As JBT members we are excited to help you get the highest return on your precious metal scrap such as fillings, bench sweeps etc. Contact me today at melissa@core-scientific.com to request your FREE collection container or call me at 877-308-2388.

Sources: http://www.washdiplomat.com/index.php?option=com_content&view=article&id=15410:jewelers-weed-out-conflict-diamonds-so-consumers-can-buy-bling-in-good-conscience&catid=1558&Itemid=428

How the Retail Jeweler is Vital to the Consumer?

It seems the retail industry, and specifically “brick and mortar” stores are at a tipping point. They have come under serious threat from online retailers – like Amazon – that rely on e-commerce to reach consumers.

 

You may think this trend affects retail jewelers – but it is quite the opposite. Fine goods, like jewelry, keep consumers coming into their stores. While the “brick and mortar” stores may be going away for some corporations like Sears and Macy’s they are here to stay for retail jewelry stores.

 

Why are retail jewelers vital to the consumer? According to the FT.com, “The retail jeweler is vital to guide the customer through the labyrinth of certification and grading, and the nuances of quality and price structure.”

 

That is why they note that nothing can replace the personal touch and expertise a consumer gets from a retail jeweler.

 

Far from obsolete, he or she is more relevant than ever in today’s technological world; nothing can replace their experience, fine judgment and expertise. The internet will never be a substitute for the personal touch.

 

However, as the rise in e-commerce and growing acceptance of “buying without touching” becomes the norm, retail jewelers need to innovate. That’s why the National Jeweler magazine states reading Doug Stevens The Retail Revival, important for all retailers. They state that,

 

“The book shows what retail might look like in the future and, quite honestly, it should be required reading for retailers and for any business that depends on retailers to make a living. His basic premise is that retailers will have to make a very clear decision about what they want to be–either entirely and expertly price-driven, with all the attendant challenges of being the low-cost provider, or they must fully and completely embrace the high end of the landscape, with great quality, differentiated products delivered in a very focused way and a great customer experience. “

 

This is an exciting time for the retail jeweler. As JBT members we are excited to help you get the highest return on your precious metal scrap – in order to help you be ahead of the trend. Contact me today via melissa@core-scientific.com to request your FREE collection container or call me at 877-308-2388.

Sources: https://www.ft.com/content/e7de2aa4-4ab9-11e7-919a-1e14ce4af89b?mhq5j=e2

http://www.nationaljeweler.com/independents/retail-profiles/4124-what-will-become-of-retail-jewelry-stores

What is the value of your dental gold?

Remember the “gold rush” well dentists; oral surgeons and periodontist are on the forefront of today’s gold rush.

Gold is the universal monetary standard and any amount of dental gold is valuable. Even an ounce can generate a good return!

Even though gold and commodity prices do fluctuate, depending on the market, they are still high. At Core Scientific, we continue to give the highest return for dental gold in the industry.

With over a decade of experience in the dental refining industry, we have received some common questions about the value of dental gold. They are:

  • Is there a certain time that I should send in my dental gold? Anytime is a good time to send in your dental gold. When you work with a refinery that gives you the highest return time is not a concern. If you have dental gold send in your material now and get started.
  • Why should I send in my dental gold to Core Scientific? Transparency and Trust! These are our greatest attributes. We provide you with a receiving weight and a processing weight. This is important because it provides you with a standard for your return. We do not hide or take the value for ourselves. The value of the gold is yours – and that is why our customers continue to trust us to give them the highest returns possible.

Do you want to get the full value for your dental gold? Contact us today to request your FREE collection container at 877.308.2388 or via email at Melissa@core-scientific.com

Can you sell gold crowns?

dental scrap, dental fillings

YES, you can definitely sell gold crowns. However, the value of your return depends on whom you sell your gold crowns to. Many dental offices will sell their gold crowns to a “cash buyer” or the person who comes into the office. These individuals will give them a couple hundred dollars for the material, however, it’s worth lot more. This may seem like a lot for this material, but you are getting paid much less than you should be.

 

Why is that? Well, a cash buyer is giving you a refund based on their “guesstimate” of the gold value in your gold crowns. The crowns may consist of 14 Karat or even less. These cash buyers will give you money based on the lowest karat amount. This way they can still get their share. It’s difficult to know the exact karat amount without a laboratory. That is why you should collect this material and send to a refinery with an on-site laboratory – like Core Scientific.

 

At Core Scientific, we will provide you with the highest competitive return in the industry for your gold crowns. Stop getting a few couple dollars for this material, and get A LOT more! To get started with Core Scientific contact us at 877.308.2388 or via email at Melissa@core-scientific.com and request a FREE collection container.

How to Ship Precious Metals to Core Scientific?

Shipping your materials may sound like a “logistical nightmare”, but with Core Scientific, this process is easy.
 
Our dedicated sales associates provide you with all the materials you need to send in your dental scrap. It will include a guide on collecting, a free return shipping label and a secure container.
 
Once you are ready to send in your dental scrap we will contact you to set up a FedEx pickup to your location. This service is free. If you prefer to request a pickup online you can do so through our customer portal.
 
Once we receive your material you will be contacted with information about the incoming weight. Why is this important? For transparency reasons, it is important that you know what’s received and the amount processed.

Request a collection container today. 

What is Precious Metal Refining?

Precious Metal Refining is an art form that dates back to Ancient Rome.

The classic fire assay process that is used for refining precious metals is the gold standard (no pun intended) method in the industry.

With a fire assay, precious metals such as gold and silver are separated from non-precious metals by fusion. When performed properly it has an accuracy of 1 part in 10,000.

Core Scientific goes a step further than the classic fire assay with their multi-step process:

  • Initial screening of your material
  • Primary melt
  • Inductively Coupled Plasma (ICP) – Mass Spectrometry.

Other materials like platinum, palladium, and low-grade materials need to go through a separate process ICP (inductively coupled plasma). In a nutshell, ICP ionizes the sample to isolate certain ions and identify them.

The benefit of working with a refinery that uses these cutting-edge, proven methods is they extract the most precious metals from your material. When you start to work with a refinery it is important that you find out if the refinery has an on-site laboratory. This is crucial as many “refineries” outsource the refining of the material. This equates to less money for you in the end.

Request your free collection container now