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Gold-Traders Reveals the True Cost of Your Wedding Ring

Published on Monday, October 6th, 2008

Media

FOR IMMEDIATE RELEASE

More than 20 tonnes of waste are excavated to make just one gold wedding ring. The smelting process also releases large amounts of lead, carbon, and cyanide into the air and water. But there is a way to reduce the damage—by returning scrap gold to the industry for re-use.

The environmental cost of our wedding rings, watches, and even gold fillings is a hefty price for the planet to pay. The initial excavation of earth and the smelting process used to extract the gold cause air pollution that poses an enormous threat to local communities. In La Oroya in Peru, the gold smelter emits so many fumes that 99% of local schoolchildren have been diagnosed with lead poisoning. The smelter also releases CO2 and PFCs into the atmosphere. How can we act to put the brakes on gold-mining pollution?

Return your unwanted gold

"The industry needs unwanted gold at the moment," explains Phil Williams from Gold-Traders.co.uk. "Prices are high and concerns are rising about the environmental cost of producing new jewellery." "Worst of all, thousands of us have old, broken or unused gold jewellery sitting around at home. The more we can return to the industry, the less we buy from gold mines."

Cash for scrap gold

Gold is currently commanding such a high price that many vintage pieces are now worth more than their original cost. Now's the time to sell scrap gold – whatever the weight or style, it could be worth more than you'd imagine. For example, the scrap value of an 18-carat, 10g wedding ring is currently £518.15.

How it works

Gold-traders is set up to enable anyone to sell their gold scrap.

Fill out the online form, weigh the gold, and you can expect payment into your bank account on the day of receipt or cheque by return. You can sell brooches with broken pins, gold medallions, baby bangles, snapped chains, odd earrings, and even dental gold.

Once returned to the jewellers, they'll be melted down and reformed to create someone else's wedding ring or newborn bracelet. You've got a little extra in your bank account… and a little less on your conscience.

ENDS

For further information… Read more and download the online claim form at: www.gold-traders.co.uk

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Your questions answered

We've compiled a list of our most frequently asked questions. If there's something we haven't covered, please call us & we'll be happy to help. Read all FAQs.

Gold Traders UK Ltd was launched in 2008 to offer a fair and transparent service to those wanting to sell their unwanted gold. The business has always sought to shine a light on our less than transparent competitors, who, while often claiming to pay 'top prices', fail to disclose up-front the rates they genuinely pay. In 2022, Gold Traders became the first precious metals dealer in the UK to be vetted and approved by Trading Standards, through their national Buy With Confidence scheme.

See a full breakdown of our scrap gold prices.

  • Genuine Valuation

    The prices quoted are the rates we're paying. Beware of companies that send 'free' envelopes.

  • Same day payment

    Visit our secure counter and we'll pay you today. If we receive your gold tomorrow, we'll pay you tomorrow (Monday to Friday).

  • Easy Returns

    If you change your mind within 24 hours, we'll return your items free of charge.