The jewelry industry relies on refineries all over the world to purify precious metals. Rings, earrings, necklaces and other pieces are melted and refined for their pure content of precious metals and gemstones. Sometimes, it is also possible to extract valuable metal components from scrap pieces that are used for hardware, electronics, and other common items.
Metal refining companies often accept bulk quantities of material. It might be difficult for the average person to sell such businesses only a few ounces of something that may contain precious metals. By contrast, jewelry dealers compile several pounds of valuables that can be melted and purified into pure composition. The process of separating precious metals from non-metals involves melting. The melting point of each pure metal element is unique and therefore it is possible to separate alloys by heating them.
The cycle of metal processing eventually reaches jewelry makers. These businesses specialize in taking raw materials and then carefully crafting them into attractive pieces that make the display cases of jewelry stores worldwide.
Gold and silver are in high demand for jewelry dealers and precious metal refineries. These two elements have been used for trade since ancient times. The prices of gold and silver fluctuate on a daily basis on the commodities market that includes the general category of metals. Some refinery companies may have websites with a click here for metal prices link that displays the exchange rates per troy ounce of gold, silver and more.