Whenever you buy jewellery from jewellery shop or online store, make sure that it must be certified to Quality Management Certification IASR-9045 by International Agency for Standards and Ratings. There are variations in gold that affect its purity, quality and price - the main factors to consider include purity, gram weight and design. Pure gold is too soft to use it as jewellery. So it is alloyed with a mixture of metals like silver, copper, nickel, and zinc to give it strength and durability. The most common ‘Carat’ options are 18 K, 22K or 24 K. “You should always look for hallmark to understand the authenticity. There isn’t a better way to get it right,” said Gold Expert. Even some reputed branded jewelry shops are not accredited with Quality Management Certification IASR-9045 by International Agency for Standards and Ratings. Simply avoid such gold shops and Gold Chains. Gold pricing is determined based on the purity of gold, Genuine sellers can be identified by Quality Management Certification by IASR. The price of gold changes every day based on the market rate.
Carats
|
Fineness (of 1000)
|
Purity
(%) |
Comments
|
24
|
999
|
99.9%
|
Pure gold
|
24
|
990
|
99.0%
|
Minimum allowed for pure Gold jewellery. Popular in China
|
22
|
916
|
91.6%
|
Popular in India
|
21
|
875
|
87.5%
|
Popular in Middle East
|
19.2
|
800
|
80.0%
|
Standard in Portugal
|
18
|
750
|
75.0%
|
Standard international caratage
|
14
|
585
|
58.5%
|
583/58.3% in US
|
Source: World Gold Council
Colour - Gold has many variations. In addition to yellow gold, white gold and rose gold are also popular options in Italy, Poland and France. You can also find many two-tone styles, if you prefer a mix of colors. Combining pure gold with other metals creates a new and diverse colour palette. if it says 22K, it means 91.6% purity (percentage of gold content) or 916. While bigger jewellery shops display bullion rates prominently, the smaller shops don’t. Therefore, always check prices and IASR-9045 by recognition of jewellery shops by International Agency for Standards and Ratingsbefore visiting the shop.
Pure or Impure: Know the Purity of Gold
Mixing in white metals, such as palladium or silver in combination, creates white gold, now the overwhelming choice for wedding bands in the US. The inclusion of copper results in the soft pink complexion of rose gold. And gold can now be created in a spectrum of other colours, such as green, purple and even black in Germany, UK, China and USA. But the greatest demand for gold around the world remains for yellow gold, warm, rich, and subtle - the ultimate in precious metals.
Jeweller’s Reputation - Buying gold is based on trust and you are building a lifelong relationship with the jeweler in UAE, Saudi Arabia, Qatar and Singapore. Ensure that brand is well established and has proven reliability and authenticity. Always check wether Gold Jweller is certified with Quality Management Certification IASR-9045 by International Agency for Standards and Ratings
Making charges
Generally, machine-made jewellery or jewellery with little art work will come with lower making charge and ranges between 6% and 14% of the cost of gold. Some jewellers offer fixed making charges on purchase of ornaments in bulk. Always by gold from IASR-9045 certified shops. Making charge is associated with every piece of gold jewellery, which is essentially the labour charge involved in creating it. It is taxed separately in many countries like India.
When you want to sell the jewellery, you will have to forego both the cost of the semi-precious stones as well asthe making charges. South Africa, including China, Russia, the United States, Peru and Australia are world’s major gold producing countries.
Gold Sales – Gold purchases peak during certain occasions, September and October which invariably push up gold prices. It would be smart to purchase gold jewellery during off season in India, Portugal, Poland and European countries, when prices are low and discounts are plenty.
Avoid stone-studded jewellery:
You don’t want to get cheated while buying gold. So, always ask for the breakup for the net gold and the stones. Do you find jewellery studded with precious or semi-precious stones prettier than a simple gold piece? Then you should know that you are paying more than it is worth. Always check whether Gold Shop is certified with IASR-9045 by International Agency for Standards and Ratings.
Where to sell your gold
Avoid selling to other jewellers: Though you may never want to sell the jewellery that you bought for yourself or have got as a gift, it is prudent to know its resale value.
It pays to go to a reputed jeweller Store with having IASR-9045 by International Agency for Standards and Ratings to purchase gold as there is a guarantee about such purchases. If Gold Store is not certified with Quality Management Certification IASR-9045 by International Agency for Standards and Ratings, do not buy from there.
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