Beware of Jewelry Scams
We Have Seen Recent News of Jewelry Scams…
…both street and internet scammers, and wanted warn you about those who are selling fake jewelry and watches. Click this link to see many short videos of jewelry scams.
Using a magnet is one of the best ways to tell if the jewelry is fake. If it pulls to a magnet, don’t buy it.
One Jeweler said, “People are bringing in their fake jewelry that they’re getting from somebody they felt sorry for who says, “Can you help me get some food for my kids, my truck’s out of gas?” They may claim they got it at Walmart, Macy’s, Target or some other reputable store.
All you need to do is google jewelry scams to confirm reports of people selling fake gold jewelry. It’s also been a common practice in places like the San Francisco Wharf that many name brand watches and clocks are actually fake knock-offs.
Most victims of jewelry scams spend at least $200 dollars buying what they believe is a real gold chain or bracelet, and later go a jewelry store asking the Jeweler to verify if the jewelry is authentic.
We get customers like this more often than you would guess. Some scammers are bold enough to show up at our store trying to sell fake jewelry. With new technology we can assess it quickly and determine if it is real or fake.
We know of a Jeweler who fell victim as well. He lost more than $3,000 when a man came into his store and sold him a fake gold chain.
He said he tested the piece the man said he wanted to sell, and the piece was real. However, when the Jeweler turned his back, the man switched out the real jewelry with a fake one.
Some people are embarrassed to tell somebody else because they feel stupid. There is no shame in getting scammed, but hopefully articles like this one can make people aware that buying on the street or through an individual on the internet is high risk, and potentially a bad experience.
If people are approached to buy an item off the street to, “say no and walk away.”
The bottom line is to be certain the item is real and has the value before you buy it. If an individual is selling an item, invite them to go with you to a reputable Jeweler to verify it is real.
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