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Gold Recycling Is Back In Vogue As Prices Rise

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Jewelers adjust, and refiners see more volume.

Thanks to rising gold prices, gold recycling is up more than 10 percent in the first six months of 2016 over the same period last year, Bloomberg reports. “More people are unloading old treasures, recyclers are expanding capacity and some jewelers are seeing their businesses transformed,” the article says. A London jeweler told the news organization that it is buying more gold than it is selling these days, and gold refiners in London and Dallas report significantly expanded volumes. Gold prices have risen 26 percent in 2016.

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Thinking of Retirement? This Jeweler Went for the Company That Shares His Values

Richard Frank of Goldstein’s Jewelry in Mobile, Ala., had worked in his family’s store since he was 13-years old. As its owner, he was proud to be at the helm of Mobile’s oldest jewelry store, an AGS, IJO and RJO member business. But there comes a time in every jeweler’s life when a decision must be made regarding the future. And for Frank, that meant turning the store over to new owners. He chose Wilkerson to handle the sale, a decision, he says, made a long time ago. “Their reputation is such that all the things we value are what they value,” he says. And the results surpassed Frank’s own expectations. Would he recommend Wilkerson for other jewelers who are considering a going-out-of-business or retirement sale? “If you’re contemplating a sale to maximize the return on your business, there is no one else in the industry that I could even think of recommending.”

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