5 Things - Jeweller Don’t Want You To Know.
By: Zahid Khan
Tags: Jewelry, Gold, General Awareness, Advice, Public Awareness

Purchasing jewelry is always a complete loss to buyer and profitable to jeweler.

Gold jewelry is as romantic as significant it is, as sentimental as memorable it is. It is adornment, which all women across the globe wear in an ample variety. Asian tradition is not a step back and neither are Kashmiris. Jewelry is often gifted to a bride as a good gesture on marriage a symbol of good fortune for their better tomorrow from parents and well-wishers. Jewelry shop are on rush especially in summer also known as 'Season of love' it is when most couples tie their knots. Jewelry shops are on rush as are fancy cloth shops and beauty parlors. For a particular design, appointment dates depends upon load of work a jeweler has. Buyer often chooses her design that are pleasing, well designed and in budget. The order is usually placed with less scope of negotiation with the jeweler.

Buying jewelry might seem an easy task but is not - especially for a girl who decides to go on shopping with parents. It a painstaking task of deciding between the various sets but; are enjoyable at same time.

Generally, people prefer placing their orders from well-known jeweler or from someone they trust. Trust is somewhat that influences this business. Buyer always believes, he will not be cheated but fails to understand he can be tricked

Purchasing jewelry needs an extra word of caution, as no one want his hard-earned cash to go in vain.

Purchasing stones at Gold Rates:

Might sound funny but so true. Jewelry like necklaces is made of gold and contains Gemstones as decorator. The human nature are attracted by shine so are women attracted, Jewels are so placed in the Jewelry by jewelers that it attracts even miser of century.

Gold is love where even clever women are fooled to dust as it initiate with no bargain. Customer (bride often) purchases a set of necklace from jeweler with no knowledge what they are purchasing; the set containing gemstones which buyer purchase at Gold price.

Easily lose thousands at purchase; this does not end here.

On sale of same jewelry the price is deducted and the price of the jewelry is valued as per weight of gold and excluding the price of gemstones (that’s weight of gemstones) or are valued as per value of stones and not gold which we have purchased at the price of gold.

Example:

If bought gold jewelry of one Lakh containing gemstones of 2grams we have roughly paid @8000 for those stones.

If you sell that back to jeweler immediately, he will sharply deduct those 8000.

This is a two-way loss to buyer both at purchase and at sale.

2. Free polishing:

Seems noble but WAIT! No one is that pious in 21st Century to do cleaning of dirt for free then how come in jewelry. This maybe funny but reality may take away sleeps of many as jeweler not only clean dirt but as well as gold from it.

How they clean that jewelry is amazing part, they put the gold jewelry in a container containing some chemical which polishes the jewelry by peeling off a thin upper layer of dirt along with gold. Thereby, by cleaning the jewelry they are cleaning your gold of worth thousands.

3. Cipher on Jewelry:

Jeweler never reveals his actual cost to the customer as if he reveals his business out to client; barely anyone is going to purchase that jewelry. Customer always pays multiple times more than the gold they actually are buying(that’s in his jewelry). In showrooms having billions of dollars of jewelry on displays uses ciphers codes, which is only understandable by the staff so they can make bargain to customer without losing the profit margin.

4.Making charges and wastage:

Making charge for any jewelry is obvious and wastage is not an exception. If manufacturing even a vehicle there will be some wastage of steel and many other expenses. In gold, the wastage depends on the complexity of the design of jewelry. This wastage is upto 8% on complex sets. This is also hidden cost and buyer should not pay more than 10% as his making charge on his design, as it becomes complete loss.

5. Karrots game:

Karat is the term used to measure the purity of gold. There are differences in the purity of gold, price of 24K is higher than 22K, and price of 18K Karrot is comparatively higher than 16k. Simply, the higher the karate; the purer the gold.

Here is a simple guide to understanding the difference.

24K Gold: 24k gold is also called pure gold or 100 per cent gold. This means that all 24 parts in the gold are all pure gold without traces of any other metals. It is known to be 99.9 per cent pure and takes on a distinct bright yellow color. There is no higher form of gold than 24K and you must be aware of this before you go to a dealer who might tell you that they’re selling you 25K or 26K gold. Since this is the purest form of gold, it is naturally more expensive than 22K or 18K gold. However, this type of gold is lesser in density as compared to gold of a lower karatage, which makes it soft and pliable. Hence, it is not suited for regular forms of jewelry. Coins and bars are mostly suited for regular forms of jewelry. Coins and bars are mostly bought of 24K gold purity. 24K gold is also used in electronics and medical devices such as those used for children suffering from ear infections who are fitted with gold tympanostomy tubes that are known to improve aeration of the middle ear. 22K Gold: 22K gold jewelry implies that 22 parts of the jewelry amounts to gold and the balance 2 parts are some othermetals. This kind of gold is commonly used in jewelry making. In 22K gold, of the 100 per cent, only 91.67 per cent is pure gold. The other 8.33 per cent comprises metals like silver,zinc, nickel and other alloys. It is this addition of metals thatmake the texture of gold harder thereby making the jewelry durable. However, you must know that although this can be used to make plain gold jewelry, 22K gold isn’t preferable for diamonds and heavily studded jewelry. 18K Gold: 18K gold is 75 per cent gold mixed with 25 per cent of other metals like copper or silver etc. Usually studded jewelry and other diamond jewelry is made in 18K gold. This kind of gold is less expensive compared to 24K and 22K. This one has a slightly dull gold colour. Recognizing 18K jewelry is rather simple – you will see the item stamped with 18K, 18Kt, 18k or a variation similar to these. At times, 18K gold is marked by 750, 0.75 or a stamp similar to these in order to symbolize that the jewelry contains 75 per cent gold