KNOXVILLE, Tenn. (WVLT)--You've heard of Tupperware and Taser parties, but now gold parties are all the rage.

WVLT Volunteer TV News tagged along Thursday evening as a group of women gathered to get rid of some outdated jewelry while earning cash and spending time together in the process.

"I had a large bag of gold," said Melissa Hutchison, which she was hoping to turn into cash. “The things I've pulled out of my jewelry box and around the house are really things that hold no value to me anymore and whatever they bring is great."
The gold party is organized by Jewelry Television, which offers a service allowing jewelry to be mailed away for an expert to appraise. An offer price is then emailed to the owner.
According to the company, the offers are accepted by 92 percent of owners.

"Gold prices are very high,” said Amy Lambert from Jewelry Television. “With the economy, everybody has old chains lying around, or old jewelry from an ex. It's just sitting in a drawer, so why not have some extra spending money?”

Some extra spending money is exactly what Mary King got at the last gold party she attended.

"I took just a couple of little chains and some stuff I didn't want,” said King. “I got $283 for it."

King hosted Thursday evening’s party with her sister. They’ll receive ten percent of each offer accepted by her party goers.

"If we do get some money, we own a rental house together and we're going to put a new roof on it,” she said.

Melissa had other ideas for any money she makes.

“I have three kids in college and that's probably where it's going to go," she said.
All the women agreed the gold party was a perfect “girl’s night out.”

You can read more about Jewelry Television’s Gold Exchange Program by clicking on the link below.