6 Facts About Rings Everyone Thinks Are True

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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. Unfortunately, in the huge majority of jewelry purchases, people pay an extremely high price. The typical jewelry sale is computed at “triple keystone” price, which the trade refers to as triple cost. 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. Don’t think you’re taking advantage of his kindness – he will be pocketing $1400, a 140% profit on an item he bought for $1,000. You need to know the essentials 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. Using the same logic, “375” or 9-carat gold is 37.5 percent pure gold. People in England think highly of 9-carat gold, but in the U.S.it is considered but costume jewelry and therefore not a good investment. You can probably never resell it for any amount close to what you paid for it. Jewelry in general is sold for its pure gold weight. To know your gold jewelry’s base value, you have to weigh it on a jeweler’s scale. Whatever its weight, you have to make deductions for the alloy content in the gold: for instance, since 18-carat gold is 75 percent gold, you’ll have to deduct 25 percent from the value to arrive at 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.
Rings – Getting Started & Next Steps
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. Triple keystone is the standard outside the jewelry district, and you should be able to buy the same pieces for about $9,000. Of course, the above doesn’t apply to pieces made by the likes of Bulgari or Cartier, where a three-ounce pure gold bracelet can be sold for up to $30,000, or 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.” But if you decided to sell such designer pieces, though you will surely get some premium over weight, it will not be that much more than the weight that a typical gold piece would bring.Figuring Out Gold

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