Complete Guide On How To Buy Gold Jewelry
Gold prices have reached all time highs and owning gold is same as having money. It is also considered a wise investment as a hedge against inflation and unpredictable rises and falls of the stock market. Gold is extremely liquid and can be bought and sold all over the world as well as online. Gold dealers are located in every major city and this article will provide a guide on the important factors on everything you need to know about buying gold jewelry.
What does Gold Purity Mean?
It is highly beneficial to know the purity of the gold your buying. Pure gold is 24k gold meaning 100% pure. It means that the metal contains no other components of any other metals, therefore you have pure gold or solid gold. Gold values are calculated by its purity. The higher the purity of gold the higher the value of the gold becomes. Which is determined by the gold spot price or the price of gold today. Below is a breakdown of the purity of gold.
|9K||.375||37.5%||Lowest karat of gold|
|10K||.417||41.7%||Low karat jewelry|
|14K||.585||58.3%||Most common in jewelry|
|16K||.666||66.6%||Primary used in dental gold|
|18K||.750||75.0%||Very popular and more yellow in color|
|20K||.833||83.3%||Popular karat used on jewelry overseas|
|21K||.875||87.5%||Popular karat used on jewelry overseas|
|22K||.916||91.6%||Popular karat used on jewelry overseas|
|24K||.999||99.9%||Highest purity of gold, sold in bullion and coins|
How To Buy Gold Jewelry
When you decide to buy some gold jewelry it can be an exciting item to shop for. Gold is a precious metal and is bought and sold by the weight and karat according to the current gold price. The benefits of owning gold jewelry is that it is highly durable and can last forever. Be wise in this important purchase and the article will provide an outline to guide you.
1. What karat of gold is best for you.
Most people purchase gold jewelry to wear and enjoy. A 24k gold chain would not be practical to wear everyday being that it is very soft and can easily be broken or scratched. It would also be the most expensive to buy because of its gold purity. Gold bars for example are generally for investment and are usually 24 karat, some gold coins as well.
2. Gold jewelry can be worn everyday but choosing 18k or 14k will be your best choice. An example of this would be whether your considering an 18K or 14K chain. Both are fine to wear everyday and enjoy, the main difference is the color. 18k gold will be a more brighten yellow color, while 14K will be less yellow in color but is still the more durable of the two.
3. What Color Is Right For You
Yellow Gold – Highly represents the color of gold because its color identifies natural color
White Gold – Looks like silver but is more brighter when polished. Ladies engagement rings in white gold are a popular choice as well as platinum engagement or wedding bands. White gold is also popular in luxury watches and looks beautiful.
Rose Gold – A blend of 24 karat yellow gold with a mixture of copper. Also known as pink gold and when mixed with Zinc rose gold will show a more subdued red tone. Rose gold shows style, class and affluence. Most beautiful manufactured in fine luxury watches like Rolex, Cartier, and Audemars Piguet.
Choose a Trusted Jewelry Company
1. Trust: Check to see if they are Rated with the B.B.B
2. License: Check to see if they are fully licensed
3. Longevity: How long have they been in business
4. Transparency: Be sure you check the gold price for the day you are buying as well as the karat and weight of the item you are buying.
There are online gold calculators you can download to check how much over the melt price you are paying. Be careful of high markups from expensive retailers.
Compare Prices: Show around and check prices. Be sure to remember the weight and karat so you can compare apples to apples. It may be time consuming but you could save yourself some money.
Designer jewelry companies like Cartier are very expensive and you are paying for the name and design. One main point to consider is that you are buying a signed piece of jewelry that has value because of brand recognition.
If you are thinking of sell your gold or jewelry. South Bay Coin jewelry and luxury watch buyers provide a fast, easy, and confidential way to sell your gold jewelry, luxury watches, and gold and silver coins. We have been in business since 1980 and are a leading gold jewelry buyer. You are welcome to sell your jewelry online or visit us in person and you can be confident to receive the best possible prices.
South Bay Coin Jewelry and Watch Exchange are proud members of the Gemological Institute of America (GIA), International Watch & Jewelry Guild (IWJG), and the National Watch Association (NAWCC). We are the premier buyer of fine jewelry, luxury watches and vintage Cartier, Tiffany, and Van Cleef & Arpels jewelry collections. Our specialist have years of experience in valuing designer jewelry and luxury timepieces. Other reputable services we utilize are:
We are committed to providing excellent customer service. If you have any questions or concerns please feel free to call, text or email us and one of our expert buyers will answer any questions you may have. We are open Monday – Saturday 9:30 AM – 6 PM
|16916 Hawthorne Blvd,|
Lawndale, CA 90260