Gold, aside from its ornamental value, is also an excellent investment option. It’s because it can withstand any economic volatility. Wearing a shiny and luxurious piece of gold jewelry is truly pleasant to the eye, and it is also a wonderful fashion accessory that both men and women can wear. Wearing gold accessories at any event is enough to catch attention in no time.
A lot of people choose gold as a direct investment and profit, and they buy it whenever there is a huge increase in its price. Other people, on the other hand, buy gold jewelry pieces as they find it a finite valuable substance that has several industrial uses. No matter what reason you have, it is surely worth it to own a few gold jewelry pieces.
However, before you purchase gold jewelry from stores or online, you need to make sure that you are putting your money into a worthy option. To help you, here’s a list of the things you need to consider when buying gold jewelry.
1. Always check the weight of the gold jewelry
Keep in mind that the weight of a gold piece affects its cost and durability. Gold jewelry is commonly measured in troy ounces. The higher the value, the more expensive it will be. In addition to that, thicker and heavier gold pieces can also withstand wear and tear, making them more durable. However, you also need to remember that some jewelers add precious stones like diamond or emerald to gold jewelry to make them heavier. Meaning, you might end up paying for gold which is not really there. Try to consider this before you get studded jewelry items.
2. Know the purity of the gold jewelry piece you are eyeing to buy
Another important thing you need to consider when buying gold jewelry is its purity. The purity of gold jewelry is measured in finesse or carat. 24-carat gold is 99.9% pure, and it can’t be used in making jewelry. This is why gold jewelry is available in 14, 18, and 22 carats.
It is also essential to conduct a quick acid test and know the purity of the gold jewelry piece you want to buy before paying for it. You can also consider this Wholesale 10K Gold Jewelry store, as it offers high-quality gold jewelry pieces.
3. Remember that gold jewelry pieces should have identification
In most countries, it is needed for gold jewelry pieces to carry a clear stamp of the cartage employed in making it, as per law. In addition to that, there are also other specifications, which are all controlled by the hallmarking system of the country. The identification of the gold jewelry piece is important to make sure that customers are not cheated while buying. Therefore, before you buy expensive gold jewelry pieces, make sure that what you are buying is hallmarked.
4. Take note of making charges
A making charge pertains to the labor charge involved in making a gold jewelry piece. It is a reflection of the current prices of gold, and it varies from one jeweler to another. Know that some jewelry shops have higher making charges than necessary, and you need to avoid buying gold jewelry pieces from such stores.
5. Learn about purchase backs
There are jewelers that offer the choice to buy new gold jewelry in exchange for old ones. Designs and trends may change in time, but remember that the value of gold stays the same. Therefore, you can discuss this option when buying a new gold jewelry piece. This is also a good option for those who no longer use the old gold jewelry pieces they have.
6. Choose between machine-made or man-made ornaments
In the present time, there are man-made and machine-made gold ornaments in stores. Machine-made ones are cheaper because there’s a lesser amount of craftsmanship and time involved in creating them. Man-made jewelry pieces, on the other hand, are more expensive. Therefore, when buying gold jewelry pieces, you also need to know the type of specific gold jewelry before you invest in it.
7. Do not be fooled by the high price of other gold colors
There are some jewelers who fool their customers by charging a higher price on white gold and rose gold jewelry pieces. Always remember that white, yellow, and rose gold are priced the same. It’s because to achieve other colors, it only requires adding a few alloys. Therefore, do not pay extra for whatever color of your gold jewelry is.
8. Always ask for an invoice
It is important to always ask for an invoice when you buy a gold jewelry piece. An invoice includes all the details of a transaction, which you can use to approach the right authorities in case of any discrepancy. It also clearly mentions the actual price of the gold on the day of purchase, as well as the making chargers, hallmarking information, and more.
9. Choose a trustworthy jewelry store
Whether you are buying from a physical store or online, you should always find one that is reputable and trustworthy. There are many different jewelry shops out there. Some are big while some are small. Buying gold jewelry pieces from small stores is sometimes risky, as some of them might sell impure or fake items. Therefore, when buying gold jewelry pieces, pick a store or seller that is reputable. When buying online, you can also ask for transport insurance coverage, which will include the price of the gold jewelry during shipment.
These are some of the important things you need to consider when buying gold jewelry. We hope these tips will help you in finding the perfect gold jewelry pieces to add to your collection.