Why People Think Rings Are A Good Idea
Useful Tips for Gold Jewelry Shoppers Jewelry of all kinds, specially gold jewelry, is one of the most usual things to buy as gifts and for oneself. Unfortunately, in the huge majority of jewelry purchases, people pay an extremely high price. The ordinary jewelry sale is calculated at “triple keystone” price, which is called triple cost by the trade. Therefore, if a jeweler shows you a book in which an item is listed at $3,000, he has probably paid $1,000 to get it. He may offer you a 20-percent “discount,” bringing down the price to $2,400. You don’t have to feel guilty – he will be making $1,400 on something he bought for $1,000, or a a profit of 140 percent. You have to know the basics of gold jewelry. Jewelry marked “750” is 750 parts gold and 250 parts alloy, meaning it is 75 percent pure gold, analogous to the purity of 18-carat gold. Fourteen-carat gold, which is stamped “585,” is 60 percent pure gold. Following the same logic, “375” or 9-carat gold is 37.5 percent pure gold. In England, people have high regard for 9-carat gold, but that is not the case in the US., where it is classified as costume jewelry and hence not a good investment. You may never be able to resell it for an amount close to how much you bought it for. Generally speaking, jewelry is sold according to its pure gold weight. Knowing the base value of your gold jewelry requires weighing it on a jeweler’s scale. Whatever its weight, you have to make deductions for the alloy content in the gold: for instance, since 18-carat gold is 75 percent gold, you’ll have to deduct 25 percent from the value to arrive at its gold weight. Hence, if the gold is presently priced at $1,000/ounce, and you have an 18-carat 4-ounce piece, the value of pure gold in the metal is $3,000, which is the least amount you could get if you were to sell it.
Rings – Getting Started & Next Steps
On the other hand, if you purchase the same 18-carat jewelry on Forty-Seventh Street, you should find a shop that sells it for around $4,000, approximately 33% more than its weight. Triple keystone is the standard outside the jewelry district, and you should be able to buy the same pieces for about $9,000. Clearly, the above doesn’t apply to pieces created by designers like Cartier or Bulgari, where a three-ounce pure gold bracelet can have a price tag as high as $30,000 – its weight 10 times over. But then again, there are rather well-designed pieces by world famous jewelers, so you will be paying a very reasonable premium for the design and the “name.” However, if you should sell these designer pieces, although you will certainly get some premium over weight, it is not going to be vastly more than the weight average gold jewelry would bring.Figuring Out Gold