🪙 Live Local Gold & Diamond Payout Guide • Summit, NJ

Best Places to Sell Gold, Scrap Jewelry & Diamonds in Summit, NJ [Oct 2026]

Compare 5 verified brick-and-mortar gold buyers, estate jewelers, and GIA diamond dealers along 352 Springfield Ave, 20 Beechwood Rd, 100 New England Ave, 32 Maple St (covering postal codes 07901) — plus live USD per-gram melt values so you never accept a lowball pawn shop offer.

← All 5 Summit Stores 🪙 Sell Gold & Diamonds 🛠️ Jewelry & Watch Repair 💍 Engagement Rings ✨ Custom 3D CAD Design 👑 22k Gold & Bullion 📜 GIA Appraisals

Summit, NJ Local Market Overview (Oct 2026)

Whether you are liquidating broken 14k gold chains, inherited estate rings, 22k/24k gold bullion coins, or GIA-graded loose diamonds in Summit, New Jersey, payout percentages vary dramatically between street-level pawn brokers and established fine jewelers along 352 Springfield Ave, 20 Beechwood Rd, 100 New England Ave, 32 Maple St. Across our directory's 5 verified showrooms in Summit (169 combined client reviews, 4.5★ average), reputable local jewelers typically pay 75% to 85% of live LBMA melt value for karat scrap gold and up to 90%–95% for hallmarked 24k bullion.

For weekend appraisals and immediate cash settlements in Summit, 3 local showrooms operate on Saturdays. Leading local buyers include Frederic Goodman Jewelers, The Silver Lining, Pearls of Majorca. Always weigh your items in grams at home first and compare at least two written verbal quotes before signing a bill of sale.

Oct 2026 Live Benchmark • Summit, NJ

Live Per-Gram Gold Melt Value vs. Summit Jeweler Payouts (USD)

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Karat & Stamp	100% Pure Melt / Gram	Reputable Summit Jeweler (75%–85%)	Est. Payout for 10g Chain/Ring
10k Gold (417 Stamp)	$36.84 / g	$27.63 – $31.31 / g	$276 – $313
14k Gold (585 Stamp)	$51.56 / g	$38.67 – $43.83 / g	$387 – $438
18k Gold (750 Stamp)	$66.30 / g	$50.39 – $57.02 / g	$504 – $570
22k Gold (916 Hallmarked)	$81.04 / g	$64.83 – $72.94 / g	$648 – $729
24k Fine Bullion (999.9)	$88.40 / g	$79.56 – $84.86 / g	$796 – $849

Quick Comparison: Top 🪙 Sell Gold & Diamonds Specialists in Summit

Showroom Name	Location / Corridor	Rating & Reviews	Direct Phone
#1 Frederic Goodman Jewelers	352 Springfield Ave, Summit, NJ 07901, USA	⭐ 4.6 (52)	(908) 522-8777
#2 The Silver Lining	20 Beechwood Rd, Summit, NJ 07901, USA	⭐ 4.5 (54)	(908) 277-6177
#3 Pearls of Majorca	100 New England Ave, Summit, NJ 07901, USA	⭐ 4.8 (5)	In-Store
#4 The Hera Jewelers	352 Springfield Ave, Summit, NJ 07901, USA	⭐ 4.3 (42)	(908) 522-8800
#5 Kingsgate Diamonds Inc.	32 Maple St, Summit, NJ 07901, USA	⭐ 4.4 (16)	(908) 273-8900

Verified Showrooms in Summit, NJ

#1 Verified Summit Specialist ⭐ 4.6 (52 reviews)

Frederic Goodman Jewelers

📍 352 Springfield Ave, Summit, NJ 07901, USA

Frederic Goodman Jewelers is an esteemed jewelry showroom and custom design studio in Summit. Offering fine handcrafted jewelry, diamond collections, and master artisan craftsmanship.

Fine JewelryCustom Consultation

📞 (908) 522-8777 🌐 Website

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#2 Verified Summit Specialist ⭐ 4.5 (54 reviews)

The Silver Lining

📍 20 Beechwood Rd, Summit, NJ 07901, USA

The Silver Lining is an esteemed jewelry showroom and custom design studio in Summit. Offering fine handcrafted jewelry, diamond collections, and master artisan craftsmanship.

Fine JewelryCustom Consultation

📞 (908) 277-6177 🌐 Website

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#3 Verified Summit Specialist ⭐ 4.8 (5 reviews)

Pearls of Majorca

📍 100 New England Ave, Summit, NJ 07901, USA

Pearls of Majorca is an esteemed jewelry showroom and custom design studio in Summit. Offering fine handcrafted jewelry, diamond collections, and master artisan craftsmanship.

Fine JewelryCustom Consultation

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#4 Verified Summit Specialist ⭐ 4.3 (42 reviews)

The Hera Jewelers

📍 352 Springfield Ave, Summit, NJ 07901, USA

The Hera Jewelers is an esteemed jewelry showroom and custom design studio in Summit. Offering fine handcrafted jewelry, diamond collections, and master artisan craftsmanship.

Fine JewelryCustom Consultation

📞 (908) 522-8800 🌐 Website

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#5 Verified Summit Specialist ⭐ 4.4 (16 reviews)

Kingsgate Diamonds Inc.

📍 32 Maple St, Summit, NJ 07901, USA

Kingsgate Diamonds Inc. is an esteemed jewelry showroom and custom design studio in Summit. Offering fine handcrafted jewelry, diamond collections, and master artisan craftsmanship.

Fine JewelryCustom Consultation

📞 (908) 273-8900 🌐 Website

View Store Profile →

Frequently Asked Questions: 🪙 Sell Gold & Diamonds in Summit

Who pays the most for gold and diamonds in Summit, NJ?

Established fine jewelers and estate buyers in Summit such as Frederic Goodman Jewelers, The Silver Lining, Pearls of Majorca consistently pay higher percentages (75%–85% of melt value) than pawn shops or mail-in gold services, because they refine or reuse precious metals directly in their own workshops.

What is 14k and 18k gold worth per gram in Summit right now?

At current Oct 2026 spot benchmarks, 14k gold has a pure melt value of $51.56/gram (typical Summit buyer payout: $38.67–$43.83/g), and 18k gold has a pure melt value of $66.30/gram (payout: $50.39–$57.02/g).

What ID is required to sell gold jewelry in Summit?

All licensed second-hand precious metal dealers in Summit, New Jersey require a valid government-issued photo ID (driver's license or passport) and must be 18+ years old to complete an immediate cash or check payout.

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Live Gold & Diamond Calculators

Use our free gemological tools before visiting any showroom in Summit.

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