The Jewelry Box Blog

How Much is Gold Worth?


Gold and white gold rings. How much is gold worth?

Those who wonder how much gold is worth likely fall into two camps:

  1. Gold buyers and sellers
  2. Curious gold jewelry owners

This article is for the latter.

How Much is Gold Worth?

The price of gold, much like any other stock, changes day-to-day. You can follow these changes with trackers from companies like Kitco.

Why Jewelry Owners Should Keep an Eye on Gold Prices

Since you don't buy and sell gold for a living (or even a hobby), what do these changes mean for you, the casual gold jewelry owner?

Listen to this:

When Adam, a member of our Customer Care team, bought his wife’s engagement ring, he did his due diligence and had it appraised and insured.

One day he was looking through paperwork and saw that four years had passed since his last appraisal.

When Adam had the ring re-appraised, he was shocked at how much the value increased.

Not only was the diamond more valuable, but the white gold setting was too.

When he bought the ring, gold prices were around $650/oz. Four years later, his updated appraisal noted a gold price of $1,421/oz. Knowing that, it certainly made sense why there was such a substantial change in the ring’s value.

If Adam's wife wanted to upgrade her ring, she could potentially get more than they paid for it, and be able to upgrade without paying any extra!

Not Planning to Sell Your Jewelry? The Change in Value Still Matters

Even if you're not trying to sell your jewelry, you still want to know if its value has changed, particularly for insurance.

Had Adam's wife’s ring been damaged or lost before he had it re-appraised, his insurance coverage wouldn’t have been enough to cover the full value of the ring and he wouldn’t have been able to get an equal replacement.

This is why it's so important to keep jewelry appraisals up-to-date.

Since market conditions can change so dramatically from year to year, Adam's now paying extra attention to appraisal dates to make sure their most valuable asset is properly protected.

How to Protect Against Fluctuating Gold Prices

Most jewelers and appraisers recommend getting a new appraisal every other year, if not annually.

To be sure your insurance coverage is worth its weight in gold, ask your jeweler about getting a qualified appraisal. Then, update your coverage accordingly.

While watching gold markets can be riveting ... updating your appraisal every other year should be enough to keep you covered. 

Looking to insure your gold jewelry? Check your rate by using the button below!



Contact Us

If you have a media-related question, please email us at [email protected].

About Jewelers Mutual Group

Jewelers Mutual was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual’s powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers’ strong financial position is reflected in their 37 consecutive “A+ Superior” ratings from AM Best Company, as of November 2023. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas and Miami, Florida. To learn more, visit