Precious metals such as gold, silver, and platinum have a high market value and typically hold that value. In fact, precious metals tend to have a more stable market value than precious stones. To recycle jewelry, the metals can be melted down and made into a new piece of jewelry, or other items. If the jewelry is made from gold or silver, it’s even possible to have it melted down at the jeweler’s bench because gold and silver don’t have high melting temperatures, although this does work best for simple, unadorned jewelry like wedding bands.
Precious metals such as platinum and palladium, on the other hand, have very high melting temperatures, so they require special melting and recasting equipment, making it impractical to do at the jeweler’s bench. However, there are other ways to recycle platinum jewelry such as reusing parts of the existing piece of jewelry in the new design. One popular recycling choice for older jewelry made with platinum is to reuse the shank from the old piece in the new piece.
It should be noted, that because of the time and the process required to recycle your “old gold” (or other precious metal), doing so doesn’t usually work out to be any less expensive than just using “new gold” for a jewelry piece. Most people will recycle the precious metals in an old piece of jewelry purely sentimental reasons, not for economic reasons. Reusing precious stones, however, is another story…
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