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Stock Market Volatility Leads to More Gold Sales

PELHAM, N.Y. – Stock market volatility has affected consumers the past few weeks but one positive that's emerged from the fluctuations is that many people have taken advantage of the high price of gold to make extra money off of unwanted jewelry.

Jeanette LaGravinese, owner of LaGravinese Jewelers on Fifth Avenue, said the price of gold has increased enough that people have come in to have items reappraised at the new price.

"You can almost trade in gold for something with diamonds," LaGravinese said.

LaGravinese has also seen a minor increase in trade-ins as a result of the new gold prices. Some people have noticed that the original setting of their rings and jewelry is now worth more, so LaGravinese said they go to her to have them reset.

The increased price of gold has made more people aware of the opportunity to sell or trade in their gold jewelry. Some have even done so to help pay bills.

LaGravinese Jewelers has been in Pelham for decades and LaGravinese herself is a third generation owner of the store. She is also a certified gemologist.

Have you sold any gold recently? Did you go to LaGravinese Jewelers to do so? Comment below, on our Facebook page or on Twitter @DailyPelham .

Contact Pelham reporter Andrew Meola at ameola@thedailypelham.com.

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