6 Facts About Rings Everyone Thinks Are True

Top Tips for Gold Jewelry Shopper Jewelry of all types, specifically gold jewelry, is one of the most common things to buy for oneself and as a gift. 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. Thus, if an item is listed at a price of $3,000, the jeweler has probably paid $1,000 for 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. It is important that you know the fundamentals 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. Gold that is stamped “585” is 14-carat and 60 percent pure gold. Following the same logic, “375” or 9-carat gold is 37.5 percent pure gold. In England, people think highly of 9-carat gold, but it is merely considered costume jewelry in the U.S. and not a good investment. You can probably never resell it for any amount close to what you paid for it. In general, jewelry is sold for the pure gold weight. Knowing the base value of your gold jewelry requires weighing it on a jeweler’s scale. Regardless of its weight, you should make deductions for the gold’s alloy content: for example, as 18-carat gold is equivalent to 75 percent gold, 25 percent must be deducted from the value to in order to determine its gold weight. So, if the gold is has a current price of $1,000 per ounce, and you have an 18-carat piece with a weight of four ounces, the pure gold’s value would be $3,000, which is about what you may expect to receive if you decided to sell it.
A Quick History of Gold
On the other hand, if you bought the same 18-carat piece on Forty-Seventh Street, you will most likely find a store that sells it for some $4,000, which is around a third above its weight. Outside the jewelry district, the standard is triple keystone, and the same pieces can likely be bought for around $9,000. Certainly, the above doesn’t hold true for pieces by Bulgari, Cartier and other high-profile designers, where a pure gold bracelet weighing three ounces can be sold for as much as $30,000 (ten times its weight). 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