GOLD JEWELLERY SELF VALUATION

Before buy Gold Jewellery 

YOU MUST READ - (Self Valuation)

Whenever you buy gold jewellery the price that you invest also includes the gold purity as well as the effort and the artistry of the craftsman that shaped, polished, cut and moulded that gold into the design you get.

The final price is calculated through the following way:

Price of jewellery = gold rate per gram of a particular purity of gold x weight of gold in jewellery + making charge per gram + wastage

DAILY UPDATED GOLD RATES

Determine the final price of a gold jewellery piece which may often vary from jeweller to jeweller due to branding. However, the gold rate per gram remains the same in a city and similar throughout the country. You can check the live gold rate in Sri Lanka through GOLDCeylon youtube channel and GOLDCeylon facebook page , online world gold rates you can check kitco web. Don't forget to check the current gold price whenever you want. 


JEWELLERY MAKING COST

Making charge is the cost of the process involved in producing and designing any piece of gold jewellery that you buy. In simple words, it is the cost of changing raw gold into fine jewellery. Also gold purity plays an important part in the making charges. If the gold is stronger and durable, it can be moulded into fine designer jewellery by craftsmen. Certainly, if the design is more intricate, there will be more time and artistry invested into its making, and so, the making charge for it may also vary accordingly. It is always recommended to buy gold that has hallmark on it which certifies its purity. Making charge is usually expressed in Rupees/ dollers per gram of gold.

Making charge can make the whole difference in the price of your gold jewellery no matter from where you buy it. It may vary from one piece of jewellery to other and from one jeweller to another. Jewellers use different ways of computing these charges. Some jewellers include making charge at a fixed rate per gram of gold, while others charge is based on a percentage of the total jewellery weight. For mass-market machine-made jewellery like simple gold chains, the making charges usually range from 3% to 25%. For items like pure gold coins, the making charges are negligible or very less compared to gold jewellery.

While, in case of very intricate designs that require skilled craftsmanship, like wedding jewellery, these charges could go up to almost 25%. Studded jewellery pieces usually involve very intricate work and thus they incur higher making charges than plain gold jewellery. However, you can find various online platforms that give you discount on making charges.

JEWELLERY WASTAGE  COST

Crafting gold jewellery pieces requires melting, cutting, and shaping it that leads to some possible amount of wastage as the perfect pieces are joined together to form a single piece of well-designed jewellery. Traditional jewellers always keep a margin for the amount of gold wastage usually charged to customers at a percentage included in the final price. This concept originated because jewellers used their hands at the old times resulting in a certain amount of gold wastage, and even modern machine-made jewellery has a wastage charge component. 

Pieces that are embellished with stones cause a little more wastage than plainer gold jewellery. Hence, the charges will differ accordingly and can range anywhere between 7- 10%. However, modern methods and technology used are generally more efficient in using the gold in jewellery production, minimising the wastage that occurs while crafting the designer pieces.

So whether you buy gold jewellery it is important to keep in mind these things mentioned above to make your purchase safe and reliable.

@GOLDCeylon - Precious Metal E Magazine