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Precious metals, diamonds, and luxury jewelry are great investments for anyone, and the products increase in value over time. Buying these products can give the owners a terrific return when they decide to sell; however, checking the market rates for all metals, diamonds, and luxury brands before selling is vital.
These market prices change almost daily, and staying updated on significant price increases is essential. Whether the buyer is an investor or wants to create a collection, there are many options for them to purchase these items.
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That is why we have researched every company in the industry and selected the very few with the highest customer service standards.
This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.
Read the list to see if South Bay Gold passed our strict customer service standards to become one of our top recommendations.
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About South Bay Gold Review
Many clients will turn to jewelry stores or gold sellers to buy these products and accumulate a supply that could generate more value. However, many gold companies can provide jewelry, especially diamonds, at a price far below the retail price.
Shopping around for these items helps investors or others find the best prices on worthwhile products. Investors or collectors may consider South Bay Gold if they want to find plenty of metals, watches, or jewelry.
South Bay Gold sells precious metals and luxury jewelry, including diamonds, and the company buys these items from customers locally. Examining what they offer helps determine if they are the best place to purchase luxury items.
South Bay Gold’s History, Ratings, and Details
South Bay Gold opened in 2011 in Torrance, California, and the company offers in-person or call-in sales. The business also allows anyone to sell luxury items or precious metals. While the Better Business Bureau doesn’t accredit the business, it has a two-star rating and only one customer complaint within the last three years.
South Bay Gold has three physical locations: Torrance, Manhattan Beach, and Redondo Beach. The company has a fully functional website, but they do not offer online sales.
What Products Do They Sell at South Bay Gold?
South Bay Gold sells various products, including bullion, jewelry, diamonds, and watches. Among the bullion they sell are $20 gold Liberty, American Gold Saint Gaudens, 1922 Peace dollar, 1896 Morgan dollar, American Eagle, American Buffalo, British Gold Sovereign, Canadian Maple Leaf, South African Krugerrand, Vienna Philharmonic, and Australian gold nugget.
South Bay Gold sells diamonds in various cuts, clarity, and sizes, and the company offers custom jewelry production. It also has luxury watches such as Rolex. South Bay Gold purchases estate jewelry and has a complete inventory of estate jewelry dating back to the 1800s. Each of these products offers an excellent opportunity to invest and generate wealth in the future.
Buying Products from South Bay Gold
Customers local to the company's California locations can come to the storefronts and buy any of their products. They can also call the toll-free number and set up an order via phone.
The company’s website offers many tabs that make it easier to find products of interest. However, customers must call the company or visit a location to complete a purchase. There isn’t an option to add items to an online shopping cart or checkout option.
For call-in purchases, South Bay Gold ships the products after the company receives the total payment from the client. All packages are insured throughout the entire transport. Customers receive a notification when the package ships, and they can track the shipment via the shipping service provider’s website.
Does South Bay Gold Buy Gold?
Yes, South Bay Gold doesn’t allow customers to send gold to their location to set up a buyback or other opportunity to sell metals to the company. All customers who want to sell their gold must visit a physical location.
A customer service representative will assess the gold and provide a quote based on its purity level, karat, and weight, and they will appraise any diamonds set into the metals.
After the inspection, the company provides a quote to the customer based on these factors. If the customer agrees, the company offers a check for the total selling price. Anyone selling gold or luxury goods should assess the current market price to ensure they receive a fair price for their items.
The company also purchases gold jewelry, even if it is broken or damaged. The business is also interested in purchasing estate jewelry from individuals who inherit it and want to acquire a cash or check payment for their gold jewelry or scrap gold. Complete appraisals are completed at all three South Bay Gold locations.
Does South Bay Gold Offer Gold IRAs?
No, South Bay Gold doesn’t provide the custodian or depository services required to set up an individual retirement account. However, the company does sell bullion that is appropriate for these accounts.
Customers must hire a custodian and set up their depository services separately from their purchase. All IRA-related transactions require a custodian to manage them and coordinate with the customer’s preferred depository provider.
An IRS-approved custodian can also complete purchases later to increase the savings account. They can coordinate the purchases based on IRS requirements and limitations on contributions for the IRA.
South Bay Gold cannot provide advisory services for anyone wanting to open these retirement accounts. Customers can contact the business to determine what products the company has available that meet all the IRS requirements for retirement plans.
Pros and Cons of South Bay Gold
South Bay Gold has a refinery on-site that lets them create bullion and custom jewelry instead of sending the items to a separate location. The company has a long history of selling high-quality products with few negative reviews.
However, customers have reported that South Bay Gold has higher fees and markups than comparable gold and diamond jewelry sellers.
The Diamond Tab
The “Diamond” Tab offers a wealth of information about diamonds to help investors or jewelry buyers evaluate their options. The details discuss the various cuts, carats, and clarity. The guide can help them make well-informed decisions when buying jewelry from South Bay Gold or other companies.
Following this guide can help buyers avoid mistakes and get the highest quality diamonds available. They can also use the guide to create custom jewelry, such as engagement rings or wedding jewelry.
The Jewelry Tab
Under the “Jewelry” Tab, customers find several options. First, South Bay Gold provides custom jewelry creation for customers, and they can call the company to provide details and get a free quote.
There are also tabs for engagement and wedding rings, the Halo Collection, the Adamantine Collection, and Fleur de Lis Collection. Customers can browse the jewelry collection and place an order at a physical location or by calling South Bay Gold.
Each jewelry collection includes rings, necklaces, and earrings. While the prices aren’t listed with the products, visitors can see a brief description of the pieces, including the size and cut of the stones. They must call and speak to a customer service representative to get a price.
The Watches Tab
Under the “Watches” tab, customers find a list of the complete inventory of watches South Bay Gold has available. The company also provides watch repair and battery replacement at its physical locations.
Unfortunately, the website doesn’t have any images of the watches, but the brand names appear in the list. Among the luxury watch brands they sell are Chanel, Rolex, Bvlgari, and David Yurman.
South Bay Gold offers a one-year warranty with all battery replacements. The workers complete watch overhauls, cleaning, inspections, stem or crown repair, and crystal or gasket replacements. The company requires customers to set up an appointment for watch repairs, and workers provide an estimate for these services before they are performed.
The Sales Tab
Under the “Sales” tab, customers find information about selling their gold jewelry or luxury watches. There is a coupon they can print out and take to a location near them. As of 2023, South Bay Gold offers two percent more for each gold purchase they complete. The coupon is valid at all California South Bay Gold locations.
South Bay Gold is a gold seller that offers many opportunities for investors to buy bullion, luxury watches, or fine jewelry. The business also creates custom jewelry pieces based on the customer’s specifications, and there is a diamond guide to help the client make their selections.
While the company doesn’t have an individual retirement account opportunity, it does offer many IRA-approved products, such as bullion. There are three physical locations where customers can sell their precious metals, fine jewelry, watches, or scrap gold, and the company provides a cash payment if the items are sold in person.
While customers cannot place or order through the company’s website, they can review the inventory and choose products that meet their needs. If they aren’t local to California, clients can call South Bay Gold and complete their purchase via phone.
Watch owners can also get repair and battery replacements with a one-year warranty. While the company offers many options, potential customers should compare their prices to similar gold sellers and make a well-informed decision.
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