Of course, when buying a piece of gold jewelry, one of the things that you need to pay attention is its purity. This will help you validate whether you are buying an authentic jewelry or not. One of the best ways to validate purity is to look for hallmarking. Basically, when jewelry has a hallmarked piece, it means that it is an official proportion of the metal. This also tells the authenticity of the jewelry. Every piece of gold jewelry has also an identification mark of the jeweler and also the hallmark’s year.
Pricing is also an important factor that you should consider. Cross checking prices will help you get the best deal. Basically, gold pricing is determined based on the gold’s purity. As we all know, gold prices change everyday and it depends on the market rate. Hence, it is advisable to look first at the bullion price and the discount based on the purity. This will give you a sense of how the price of the gold is calculated in the market. It is also advisable to check prices online before visiting the shop because bigger jewelry sops always display billion rates while smaller shops do not.
When you buy a gold jewelry, you don’t just pay for the gold itself. Gold jewelry always comes with making charges such as labour cost and the jewelers will pass this cost to the buyers. Usually, these charges are a percentage lof the current gold price./. Thus, the amount you pay for the gold will vary. If it is made by machine that also comes with little art, the percentage of the charges usually range from 6 to 14 percent. If the gold jewelry has an intricate design, it will range up to 25 percent. But the good thing is that you can always bargain on making charges as these cost are usually not organized.
Man made vs machine made
Nowadays, the market carries both machine made and man made gold ornaments. Hence, as a buyer, you should be able to decide which kind of gold ornament is your preferred one. Usually, making charges on machine made gold ornaments are lower than the man made ones. This is because it requires lesser amount of craftmanship, work and the time in making it. So if you are looking for a cheaper gold ornament the latter is the best option for you.
Lastly, you should also be able to look for items like 14k Gold Cuban Link Chain that have discount rates so you can save a lot of money. Usually, the rates of gold increase in certain circumstances and decrease its rates during the offseason. So if you want to get the best deal of gold jewelry, it is better to buy during off season. This is the time when most of the items available in shops are on sale or offered in lower rates.
Overall, when buying, gold, make sure to consider a lot of factors so you can get the best deal.