Entrusting your gold jewelry to someone, even temporarily, is not something to improvise. Before handing over a chain inherited from your mother or your wedding bracelets, you want — and you need — to know three things: exactly how the service works, what it costs, and what happens in every scenario, including the worst one. That is precisely what this page will explain to you, without any spin.
At Jayma Or, a gold and jewelry buyer established in Dakar, we offer gold safekeeping in Dakar (also known as a sale with right of redemption): you receive cash immediately, your jewelry is kept in a secure place, and you get it back under conditions agreed together, in writing, before the handover. Here is how it works, in full.
In this guide, you will discover:
- the steps of gold safekeeping, from first contact to buy-back;
- what is agreed in advance: amount, agreed period, buy-back conditions;
- how your jewelry is protected during safekeeping;
- what happens if you do not buy your jewelry back;
- the documents required.
How does gold safekeeping work, step by step?
The process is deliberately simple and transparent. Here it is, in order:
- First estimate (free). Send a photo of your jewelry via WhatsApp to +221 78 111 66 87: we give you an initial idea, with no obligation.
- Testing and weighing in front of you. At the counter, your jewelry is tested (carat) and weighed to the gram, before your eyes — exactly as for a gold buyback in Dakar. The value is based on the weight, the purity and the gold price.
- Written agreement. Together we agree on the amount paid, the length of the safekeeping and the buy-back conditions. Everything is written down and signed before you hand over anything.
- Handover of the jewelry and payment of the funds. You hand over your jewelry, it is identified and placed in a secure location, and you receive the agreed cash — the same day.
- Buy-back. Within the agreed period — up to 3 months maximum — you buy your jewelry back at the price set in the contract and leave with it, in the same condition in which you handed it over.
No hidden step, no surprise document: if any point does not suit you at the time of the agreement, you leave freely with your jewelry.
What does the agreement made before the handover contain?
This is the heart of the system, and what sets serious gold safekeeping apart from an informal arrangement. Before any handover, three elements are agreed together, in writing:
- The amount. It follows from the real value of your jewelry (carat, weight, gold price), established in front of you. You know where the figure comes from.
- The agreed period. The safekeeping period is defined in advance, according to your situation. You know the deadline from day one.
- The buy-back conditions. The agreed buy-back price, how and when to exercise it (within a maximum of 3 months) to get your jewelry back — as well as what happens if the deadline is not met.
Read everything over, ask all your questions: a serious professional takes the time to explain every line. That is your best protection.
How much does gold safekeeping cost?
A legitimate question — and here is an honest answer: there is no single price, because the conditions depend on the value of the jewelry, the amount paid and the length of the safekeeping. Be wary, in fact, of anyone who quotes you a "standard rate" without having seen your jewelry.
At Jayma Or, the exact conditions are agreed together, in writing, before you hand over your jewelry. What is signed is what applies: no fees discovered along the way, no conditions that change at the time of return. To find out the conditions that apply to your jewelry, the simplest thing is to write to us on WhatsApp with a photo: the first estimate is free and with no obligation.
Is your jewelry safe during safekeeping?
Yes — and this is a point on which we do not compromise. Handling and protecting gold is our daily business:
- Identification at handover. Each piece is tested, weighed and described in front of you. This initial record serves as the reference at the time of return.
- Storage in a secure place. Your jewelry is kept safe for the entire agreed period, with an established professional — not with a middleman or a private individual.
- Return exactly as received. You get your jewelry back in the condition in which you handed it over. It is neither worn, nor altered, nor melted down during safekeeping.
- Discretion. Your transaction remains confidential, from first contact to return.
What happens if you do not buy your jewelry back?
Let's talk frankly about this scenario, because it is planned for from the outset. The principle of the sale with right of redemption is this: if the buy-back is not exercised within the agreed period (3 months at most), the sale becomes final and the jewelry may be sold — that is what secures the amount that was paid to you. You then owe nothing more: the sale settles the agreement.
The key point is that nothing takes you by surprise: this scenario is written in black and white in the initial agreement, with the exact deadline. And if you see the deadline approaching, contact us beforehand: it is always better to talk about it early. If, on the other hand, you already know that you do not wish to buy your jewelry back, selling it directly is often the simplest option — we help you compare.
What documents are needed?
A valid national ID card (CNI) is enough to set up the agreement. As with buying gold, verifying the identity of the person handing over the jewelry is a normal and protective practice: it secures the transaction for both parties and ensures that only the right person will be able to buy the jewelry back. No pay slip, no deposit, no credit check: your jewelry is the only guarantee.
Frequently Asked Questions
How quickly can I receive the money?
The same day. Once the test and weighing have been done in front of you and the agreement signed, the funds are handed to you immediately — often within a few minutes.
What jewelry can I place in gold safekeeping?
Your gold items: chains, rings, bracelets, necklaces, earrings, but also coins and bars. It is the gold value that determines the amount offered.
Is the amount negotiable?
The amount is based on objective factors: carat, weight, gold price. The conditions (amount, agreed period, buy-back) are then discussed and agreed together at the counter, before any handover.
Can I extend the length of the safekeeping?
Any question of timing is discussed at the time of the agreement, and as early as possible if your situation changes. The reflex to remember: contact us before the deadline, never after.
Is gold safekeeping discreet?
Yes. Your information and your transaction remain confidential. No one other than you needs to know the agreement exists.
Take action: ask us your questions today
You now know how gold safekeeping works: an assessment in front of you, a written agreement before the handover, secure storage and conditions known from day one.
Get your exact conditions, free and with no obligation: send a photo of your jewelry via WhatsApp to +221 78 111 66 87 or make an appointment. We will answer all your questions — and you will decide with full knowledge of the facts.