Archive for the ‘Gold jewelry’ Category

What to Look for When You Buy Discount Gold Jewelry

Friday, December 10th, 2010

It doesn’t matter whether you’re buying gold jewelry for someone else or for yourself – deciding what to buy and where to buy it can be hard. Gold jewelry is a big investment, and the right piece could be cherished for many years, and even handed down to your family members. That means you’ll want to make a smart choice, even when buying discount gold jewelry. Here are a few things to remember while shopping.

- Get your discount gold jewelry from someone you trust. When looking for find gold jewelry, even at a lower cost than usual, look for a web site or a local company that specializes in it. Don’t try to buy your discount gold jewelry at a store that sells just about everything. Quality will usually be lower, and you might not even be getting the real thing. Specialists can offer individual assistance, and will have a wider selection.

- Be specific. When searching online at sites like google.com, be specific, and check out any company you find before you buy. Sites that are affiliated with a professional trade association are better choices than those with no affiliations or reputation.

- Look for a warranty. Even discount gold jewelry should come with some kind of warranty or guarantee. Check out the sellers return policy, should the jewelry you receive not be that you were expecting, or should it have a manufacturing defect. Some stores give manufacturer’s warranties, as well as a return policy.

- Look for a good price, and quality, too. While it’s tempting to purchase the discount gold jewelry that’s the least cost, you should take a look at what you’re really getting, first. For instance, look for a karat or quality mark to tell you if it’s real gold, and what percentage of the jewelry is gold. 24K indicates that the jewelry is pure gold. 18K gold is only seventy-five percent, while 14K is fifty-eight percent. 10K gold is actually less than half pure gold, and the rest is an alloy.

-Don’t buy too quickly. Be sure to check a number of different pieces before you decide which discount gold jewelry you want to buy. Ask about the karat weight, total weight, and other details, and weight finish and details to decide what you want out of your jewelry.

- Avoid suspicious retailers. If you feel uneasy about your purchase, don’t make it. The discount gold jewelry you’re thinking about buying might be fake, or even stolen.

- Remember to check the size, whether buying for yourself or others. Also, make sure that the clasp or other fasteners are well made and easy to manipulate. This will increase the chances that your discount gold jewelry will be worn often.

How To Determine The Value Of Your Gold Jewelry?

Saturday, November 20th, 2010

Maybe you’re familiar with the following references to sell gold: 14k, 18k, 22k and 24k. Usually, you can see these characters on the back of your ring, or any part of your gold jewelry. Not really sure what it means? Well let’s get into it a little bit deeper. What does karat stand for? Is it different from carat? And how does it affect the value of your jewelry?

K stands for karat which depends on the purity of gold while carat is used in measurements of diamonds. Since we are talking about gold then we would use karat instead, the higher the karat, the higher the value of the gold and gold jewelry. 24k is considered to be pure gold. So, to give you a better idea of the different values of gold…let’s talk about karats:

10k or 417 in European karat system means the purity of gold in a gold alloy is 10 parts (10/24) and 14 parts of another metal.

14k or 585 in European karat system means the purity of gold in a gold alloy is 14 parts (14/24) and 10 parts of another metal. 10k and 14k jewelries are considered to be very affordable.

18k or 750 in European karat system means the purity of gold in a gold alloy is 18 parts (14/24) and 6 parts of another metal. 18k is the standard used by many in making different kinds of jewelry. Gold jewelry made of 18k are often times more expensive than 10k and 14k.

22k or 916 in European karat system means the purity of gold in a gold alloy is 22 parts (22/24) and 2 parts of another metal.24k or 999 in European karat system means the purity of gold in is pure 24 parts of 24 (24/24).

As the karat of the gold decreases then the alloy in your jewelry increases…the lower the karat the lesser the value of your jewelry.So, now you know that 24 karat gold is the best in terms of value. If you have the money, is it advisable to always buy 24 karat gold jewelry? The answer is no. Gold is a soft metal…and when you use it purely to make jewelry… more often than not, it will be damaged easily. So, it is advisable to mix some other metals with it. You can learn more about gold and their values at Sell Scrap Gold Online.

Is Now the Time to Sell My Gold Jewelry?

Wednesday, October 27th, 2010

 

GoldFellow.com wants you to be informed. We intend to help you make an educated decision regarding the sale of your gold, silver and platinum jewelry.

Today we will give feedback to a question that we have been hearing quite a bit at GoldFellow. Is now the time to cash in my gold jewelry, or will the cash value of my unwanted gold jewelry collection rise dramatically in the near future?

Analysts make a living trying to predict what will happen next, but what many people may not realize is that unless the future holds dramatic changes, the cash value of gold jewelry will not be effected in any amazing manor.

Recently the gold price has been trading in the $875-$935 per ounce range. While down from the mid-March ’08 highs of $1000 oz, the price remains at record levels. Many consumers are contacting us at GoldFellow to ask if they have missed the opportunity to sell their unwanted gold jewelry because the price of gold per ounce has come down a few percent. It’s a good question. So, how does a $50 per oz gold price change affect the pennyweight value of your old gold jewelry? First, let’s establish a few important facts allowing us to better understand the outcome of our analysis into the cash value of your gold jewelry. 14kt gold is the most popular gold jewelry type in the U.S.A. and therefore will be our benchmark. 25 pennyweights (dwt) of 14kt, a typical quantity we receive from individuals at GoldFellow will be the consistent quantity. Our example compares $935oz versus $875oz. So, how about we get started comparing the difference in cash value when the price of gold per ounce changes? The general public is increasingly aware of the daily price of gold and how it fluctuates, but perhaps unaware that the gold price refers to the value of a single ounce of 99.9% pure gold. Since 14kt is only 58.3% pure, the impact of rising and falling gold prices are less severe on the cash value of 14k gold jewelry. For every $50 oz change in the price of an ounce of gold, 14kt gold jewelry cash value changes by only $29 oz! Now, back to our example; the lot of 14kt gold jewelry weighing 25dwt sold to GoldFellow at $935 oz (99.9% pure gold price) would be worth $475.00 as 14kt and the same 25dwt gold jewelry based on $875 oz would bring $454.00, a difference of only $21. Each person should decide for themselves whether the cash difference of $21 is meaningful enough to warrant holding off from selling gold jewelry and hoping for a higher gold price to arise in the future. Whether the current gold price is at $875, $900, or $1000 an ounce, these are historic times for the gold market and gold prices at these levels are a new occurrence. My professional belief is there’s always a greater chance of a deep drop than a steep rise. Remember the old adage; “a bird in the hand is worth two in the bush”.