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

Can you sell PFM crowns?

Selling PFM Crowns

YES! You can definitely get paid for porcelain-fused-to-metal (PFM) crowns. Some dental offices believe they can’t sell PFM’s so they either throw them away or give them to a “cash buyer” for pennies on the dollar.

Sadly, these crowns can be worth a lot of money. A refinery, like Core Scientific, will process these crowns using their advanced, cutting-edge laboratory to extract the most precious metals from the crowns.

We have worked with Dental offices that received a few dollars for these crowns. However once they collected and shipped to Core Scientific they received a refund 100 times more (yes, that’s right….100 X MORE, if not more) than their previous refund.

Send in your PFM crowns to Core Scientific and receive the highest return. 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.

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.

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

What is Dental Scrap?

Dental Scrap includes:
  • gold, silver, platinum and palladium crowns
  • bridges
  • porcelain fused to metal (PFM) crowns
  • inlays, on-lays, and caps.
 
This material generates through dental extractions and other dental procedures. Precious metals are quite common in dental extractions, and very valuable if collected.
 
By collecting this material, you can receive money for the value of the precious metals. Dental offices have thrown away this material, but now getting thousands instead.
 
It’s easy to get started with collecting dental scrap. Request your free collection container now.
 
We will provide you with the highest, most competitive return in the industry. Unlike a cash buyer, we can process and extract the most precious metal from your dental scrap. Which means you GET MORE on your refund.

How You Can Increase Your Charitable Donation?

Life is all about making decisions and choosing the best option for our business and our community. Today there are a lot of choices to make, and sometimes you stay with the same company because “the salesman was nice” or “they gave me a good refund” or simply “they are a non-profit”. However, we rarely have the time to reflect on our choices and take a look at the final result.

That’s why I implore you; actually strongly encourage you to take a closer look at your current recycler. Why? Simply because this one step can make a great impact on the charity you donate your return to.

Charities make a difference both – Big and Small! From funds for flowers to be in every room at the hospice care or big changes such as the $220 million captured by the Ice Bucket Challenge for the ALS foundation.

Your charitable donation may be small, and even though that is making an impact, a larger donation can make an even larger impact. That’s why you should take notice that many recyclers are paying you little for your dental scrap, actually 50% less (in most cases much more). Yes “every little bit helps” but what if I told you that the 50%, you should have gotten, could have been donated to St. Jude’s for a family to visit their sick child or free mammograms for low-income women.

We have the power to make an impact in our community, and I encourage you to work with a recycler that will pay you for the full worth of your dental scrap – so you can donate the RIGHT amount to your charity.

If you’d like to learn more about us, please contact me today at 877.308.2388 or via email at info@core-scientific.com.

Aqua Regia & Stone Removal

You, like many other jewelers and pawnbrokers, use a stone removal service to either resale gems or diamonds, from jewelry pieces or create new pieces for customers. The best and preferred method used for removal of the stones is called Aqua Regia.

History of Aqua Regia

What you may not know is that this process dates back to 1300 AD. Aqua Regia (Latin for “Royal Water”) was first discovered by European alchemist Pseudo-Geber, when he mixed common salt with vitriol (Sulphuric acid). According to historians, this process was one of the ways that alchemists tried to find the philosopher’s stone. Which interestingly enough, is the legendary substance for turning mercury into gold.

Another interesting fact about Aqua Regia is that during WWII Hungarian chemist George de Hevesy took the Nobel Prize medals of Max von Laue and James Franck and used the process of aqua regia to dissolve them into liquid. He was able to keep them safe from the Nazis on a shelf in his laboratory, and following the war take the gold to be remade into new Noble Prize medals.

Today this process is used in refineries and laboratories to dissolve gold and platinum to extract gems and diamonds from jewelry.

Why is Aqua Regia the preferred method?

There are two main reasons why a jeweler or pawnbroker should make sure this process is used for their stone removal.

  1. The removal of the stones is done properly without damage to the gems or diamonds
  2. It reduces the likelihood of losing any of the stone materials

Typically when a refinery handles the stone removal, they have an on-site laboratory. However it’s essential you verify that the refinery handling your stone removal service has a laboratory on-site. Why? Simply because they have the methods in place to securing receive the material, conduct aqua regia, and separate out the stones for safe and secure shipping of the product back to you.

Request the full guide for Aqua Regia and Stone Removal by contacting Melissa Stark at melissa@core-scientific.com

 

Core Scientific – We offer a full-service stone remove process. Our on-site laboratory and cutting-edge technology allow us to remove gems and diamonds from gold, silver, and platinum. With the use of Aqua Regia, the chemical process, we are able to extract the stones in an efficient manner without risk to the quality and beauty of the precious and semi-precious gems.

5 Great Things To Do With A Higher Return

So you’ve saved all of your dental scrap and sent it over to us to refine, but now you don’t know what to do with all of the money you received on your return. Here are a few of the ideas that came to our minds as we sat down and put ourselves in your shoes.

Give Back

Whether it’s to your favorite charity or back to your community, your philanthropic opportunities are endless. Many of our customers here at Core Scientific give back what they make on their returns. Why not give the most you can by using a refiner that gives you a higher return than other precious metal refineries?

Office Parties & Outings

Letting your employees know they are doing a good job is a great way to boost motivation and morale. Throwing a party shows that you appreciate the work that they are doing. This may be a holiday party, birthday/work anniversary celebration, or just because! If an office party isn’t necessarily an option, you can always plan a work outing. Work outings can increase team building, drive sales, and recharge creativity. Either one is reasonable when you are receiving extra income at almost no extra effort.

Employee Bonuses

Over the past few months, you’ve noticed your employees are working extra hard in their roles. Giving incentive continues to motivate individuals to continue to go that extra mile. You can use your return as a bonus for your employees or as an incentive to reach their personal or the company’s goals.

New Equipment

If you or your office is looking to upgrade your equipment, this could be another idea to spend your return on. It can be challenging to be constantly trying to keep up with the newest technology and staying ahead of your competition. Let us help you by taking in your metal scrap and refine it, in order to get you the highest return possible!

Attend Conferences/Trade Shows

Conferences and trade shows are a great way to stay up to date with your industry and the trends that surround it. You get the benefit of seeing what your competitors may be doing differently from your business and can meet others who may be of use to you somewhere down the road. This may be an outlet that allows you to stimulate new ideas and network with like-minded professionals. The only downfall of attending one of these events may be the price that can be attached to it. Take advantage of our high returns and you can get more than just extra income if you decide to put it towards attending one of these events.

At Core Scientific, we give you higher returns than your average precious metals refinery. What will YOU do with your return?