SCALES AND SALES

From equipment to payment, American Diamond Importers and GoldPartyUS.com employs professionalism and integrity throughout the gold buying process. Read on to discover more about the equipment we use, our payment methods, and our licensure, which ensures your security as a gold seller or party host.

How We Measure Up
We use Ohaus® professional digital gold scales, which measure in grams, ounces, and pennyweights. Ohaus® scales are used by jewelers throughout the world for their pinpoint accuracy. All of our scales are calibrated and checked daily for accuracy.

Measurements are made in plain sight of the customer; therefore both the consultant and customer can easily verify the accuracy and weight.

Grams, Ounces, and Pennyweights
Our scales read in several weights. Therefore, our consultants can provide for you the grams, ounces, or pennyweights of your gold. Empowered by this information at the party or here in our store, you will be better prepared to make a choice whether to sell or not to sell.

The Tools of the Trade
Gold jewelry can be produced from 6k – 24k. Therefore, it is essential that we obtain the accuracy of the gold content in order to provide you with the right price for your gold. While the trained eye is good, we also utilize electronics and acids to confirm content.

A variety of testers are engaged at each party to be sure that the customer receives the most accurate evaluation. Accuracy ensures that we are paying the right price for the karat content, which translates into the very best price for the customer. Interestingly, when the gold is tested, each customer is able to see the results and learn how these testers work. Our testers are truly the most accurate testing equipment used in the jewelry industry today.

Gold Prices, the Market, and How We Determine Your Payout
We base our rates on the current gold market for that day. Here is an example: Let’s imagine that gold is $865 per ounce on Tuesday and your party is on Wednesday. On Wednesday, gold closed at $872 per ounce. Your rate would be based on $872 per ounce. This price is based on 100% pure gold. Since most customers do not have 24k or pure gold to sell, a formula is used to breakdown the daily rate, which allows us to offer you the best possible price for 10k, 14, or 18k gold.

Pay and Price Matching
We strive to pay the most. Occasionally, we do find another jeweler buying for a slightly higher price. When that occurs, we offer to match that price and, many times, we offer to increase that price by 10%.

Payment Methods
Whether you are here in the store or at an ADI Gold Party, you will receive two offers for your gold.

First, we will offer you a check for the value of your gold. Our corporate checks are issued through Bank of America or Seaway Community Bank, both member FDIC.

Second, we will offer you a 50% increase for American Diamond Importers store credit, good for use on our website at americandiamondimporters.com or in our retail showroom in downtown Saint Clair, Michigan. For example, if your gold value is $500, we can cut you a check for $500, cashable immediately, or you may add 50% - $750 – for store credit. Treat yourself to a new pair of diamond studs, a new watch, or surprise a loved one with an unforgettable gift.

Checks over Cash
Why do we cut checks rather than pay in cash? Always keeping your safety in mind, we feel that it is far safer to bring checks to a party than to bring cash. In addition to safety, checks provide a more effective tracking system not only for our customers but with regard to filing with the IRS as well. For playing by all the gold party rules includes paying our taxes.

Check Payment Backed by Line of Credit
Our checking account is also backed by our line of credit, which assures that your checks will not bounce regardless the size of your payment or your party. Your guests can count on the same assurance and accept check payment with confidence. Guaranteed.

Licensure and the Law
Your security is essential. When entrusting a gold buying company or jeweler with your gold, be certain that they act with compliance to state and federal laws.

American Diamond Importers is licensed by the State of Michigan under the Precious Metals Act of 1981. We abide by all local, state, and federal laws. Adherence to these laws requires that we ask for picture IDs, take thumbprints, and forward the proper documentation to the appropriate authorities.

For More Information
For more details on the gold selling process, please visit our What Can I Sell page. Interested in becoming a gold party host or hostess? Please visit our What is a Gold Party page. As well, you will find a wealth of information by browsing our FAQ.