Useful Tips for Gold Jewelry Shoppers

Jewelry of all kinds, particularly gold, is among the most popular items to buy as a gift and for oneself. Sadly, in the big majority of jewelry purchases, people pay far too expensive a price. The usual jewelry sale is computed at "triple keystone" price, which is known in the trade as calls triple cost. 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. Don't feel guilty - he will be pocketing a 140-percent profit, or $1,400, on something for which he paid only $1,000. To gather more awesome ideas on how to  buy gold springfield va, click here to get started. 

You have to know the basics of gold jewelry. Jewelry marked "750" contains 75 percent gold and 25 percent alloy, and that means it is 75 percent pure gold, equivalent to the purity of 18-carat gold. Fourteen-carat gold, which is stamped "585," is 60 percent pure gold. In the same way, "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. Here's a good read about  cash for gold springfield va, check it out! 

Jewelry in general is sold for its 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. 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.

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. 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).

Then again, famous jewelers design usually design exquisite pieces, so you're paying a substantial premium for the design as well as the brand. 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. Kindly visit this website  https://www.sapling.com/4473110/invest-gold for more useful reference.