Quote:
Originally Posted by Apache
Before I opened my store 26 years ago, I used to do wholesale repairs. All of the corporate jewelry store chains send their returns to be refurbished. You would size them back to the original size, polish them and rhodium plate the white gold pieces. They would then put them back out for sale as new. They did this in the 1970's, 1980's and even in the 1990s. And I would bet money that they continue to do it to this day.
The Kmart in my town was closing and having a going out of business sale. The company shipped in unclaimed repairs that had been stored at the corporate offices, and sold them as new. I was getting the stuff in for repairs after they closed and they were obviously used and repaired.
Apache
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Well now I know one company scraps their gold, the gold is then sold to jewelry stores to make new jewelry.