12
Jun

Whether you are buying gold earrings as a gift or for yourself it is important to know the true value of the jewellery you are buying. The first thing to mention is the carat purity of the gold. This is the purity index used to evaluate the amount of gold in any piece of gold jewellery. At the very bottom of the scale is 1ct. This means that for every milligram of gold, other metals make up 23 milligrams. Normally jewellery begins at 9ct purity. Gold plated jewellery can have a carat value for the plating and different metals making up the bulk of the object. Any solid gold jewellery needs a hallmark to be sold in the United Kingdom but the hallmark alone does not guarantee the jewellery is gold. Silver and platinum jewellery also needs a hallmark to be sold in the United Kingdom. A three digit number should be engraved into the metal which indicates its purity. These numbers range from 375, which is 9ct and 999 which is 24ct.

Gold Earring Designs

Firstly, the classic hoop gold earrings are often too large to be made solid so they are hollowed out for comfort but the metal they are made from can still have high carat purity and this determines the price. Next is the classic tear drop shape gold earring. As opposed to hoop earrings these are normally smaller and can be made from solid gold. When the main section of the earring is attached directly to the bar which holds them in place, this is known as a stud earring. This design is also small enough to be made from solid gold and may be embellished with one or more precious stones.

Gemstones for Gold Earrings

Diamonds are a very popular stone to use for gold earrings. Depending on the carat mass of the diamond, the stone can account for the majority of the price. Although diamonds are one of the strongest substances known to man, they can be split from specific angles. Skilled jewellers are able to set diamonds in such a way that means none of these angles are exposed once the stone is in place. Another widely used gem is Peridot, this stone is vibrant green in colour and although Olivine (the constituent mineral) is a relatively abundant, gem quality Peridot is quite rare. You may also find earrings set with Opal. The majority of this mineral is produced in Australia. This gem can be found in a variety of colours ranging from white to black. The most common being white and green while black and red is the rarest. Amethyst is a precious type of quarts. Formed in volcanoes, these stones are generally violet but when exposed to heat they become yellow. Modern production techniques mean that this stone can be manufactured as opposed to being mined. Distinguishing natural and manmade amethyst is very difficult. Another gem commonly used in earrings is Topaz, at its purest Topaz is transparent but often impurities give the stone a hue. Topaz is often processed to give it a particular colour. Rubies are also used for earring decoration. Stones made from corundum which are not red are classified as sapphire.

At the time of writing this article, a gram of pure gold costs around £23-£24. You could expect to get a set of 9ct solid gold earrings, set with Opal, Topaz or Amethyst for under £100 whereas rubies or diamonds significantly change the price and depending on their size and quality can account for upwards of £200. The carat mass of the gold used will also make a significant difference but remember to check if they are simply plated or solid gold.

For a range of solid gold earrings. John Hollins Fine Jewellery is a great place to go

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11
May

Gold or silver cufflinks can form a subtle but integral part of an outfit and provide the wearer with confidence and an air of class. The very fact that the majority of people would rather do without allows you to make a statement with jewellery which is far more subtle than wearing a ring. With that said however, when combined with the correct type of jewellery they can allow you to exude even more style and class. There may be fewer opportunities for people to see your cufflinks but they convey sartorial elegance surpassing other types of jewellery.

Which Metal Gold or Silver?

Although it is a matter of preference it is highly recommended that you match the colour of your cufflinks to any other jewellery you may be wearing with them. Chromium plated or silver cufflinks are suitable for wearing with white metals such as silver, white gold, platinum or palladium whereas gold cufflinks will compliment gold jewellery nicely.

Designs and Decoration

The level of embellishment is a largely a matter of personal choice but the type of event they are being worn to should also be a factor. The outward facing side may have a design or a precious stone set into it. Cufflinks designed to be a novelty are only really suitable for informal events like parties or celebrations, otherwise you may want to choose a set which adds to a formal appearance. Plain gold or precious stones are most suitable for events that require a formal black outfit. Other occasions where you may be wearing different colour suits could accommodate either silver or gold. Seasoned jewellers will be able to engrave plain gold or silver cufflinks should you so wish.

What Cost?

As no one will actually appraise your outfit while you wear it, you may want to select a gold plated set of cufflinks with a precious stone however by choosing solid gold, possibly decorated with other precious metals or stones, adds to your own sense of self worth which in turn adds to your confidence.

As you will see most jewellers can offer you a spectrum of prices for cufflinks but the composition should pretty well dictate the price. A good starting point for gold plated cufflinks is around £20 whereas a set of good quality 9ct gold cufflinks may cost upwards of £200 and you could expect a precious stone such as ruby to add upwards of £200 to that depending on the size and quality. The costs of engraving vary between jewellers.

Whether you are buying cufflinks as a gift or for yourself, this guide will hopefully provide the background information you need to choose the right set for you and help you the value of the composition.

A great place to find a complete range of gold and silver cufflinks is John Hollins Fine Jewellery

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12
Sep

For those of you who are thinking about selling gold jewelry, it is crucial that you understand fully how to determine the price for gold jewelry.Not only this can help you to tell a good deal from a bad one, it also helps to analyze your competitors and understand the market better before you make any investment.Gold price The most important part of wholesale gold jewelry trading is to understand the breakdown of the cost of a piece of gold jewelry.  Let‘s say the current good price is £500 per ounce.

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Wholesale gold jewelry trading guide for entrepreneurs,

To calculate the cost of gold for a piece of 14 karat gold jewelry that weighs 3 gram without any stones, we first divide the price per ounce by 31.5, to get the price per gram, which is £15.87.  This is the price of pure gold.  To convert this to 14K gold, knowing that there are 24 karats in pure gold, we divide £15.87 by 24 and multiply the result by 14.  The price per gram for 14k gold is roughly £9.26.  Therefore, the total cost of the gold for a 3 gram ring would be £27.78.

Labour Cost

Another major part of the cost for a piece of gold jewelry is the cost for labor, especially for pieces set with precious stones.  Gold jewelry generally requires some filing and polishing after it is cast out of the mold.  The labour cost can sometime be as high as £2 per gram, depending on the origin of the jewelry and the style.  In addition, the cost of setting any stones on a gold jewelry can be over one pound per stone.  Certain advanced setting such as channel set and invisible set cost even more because

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of the high level of craftsmanship required.Markup of Competitors A good way to analyze if a certain style of gold jewelry is profitable and beneficial for a business is to understand your competitors’ prices.  Since you already know how to calculate roughly the cost of a piece of jewelry, and therefore the price that you can get it, buy looking at the markups of your competitors, you may get an idea of how severe the competition is.  For instance, if the competitors are marking up the jewelry three times of the cost, the competitiveness of that style is not really that high.  On the other, if everyone has the same pricing and the markup is 50% above the cost, the style might have already saturated the market.

Volume trading

Another angle of looking at the pricing issue is that when the competitors are marking up at a low margin, the item is probably accepted by a lot of consumers.  The justification behind it is that when the profit per piece is low, and people are trading them actively, there probably is a high demand for it.

In short, the higher the profit margin, the low the volume of sales and the low the profit margin, the higher could be the volume of sales.  Another point that is worth noting is that the volume theory also applies to jewelry vendors.  If you buy in large quantity, pricing should go down automatically.  Therefore, running a successfully business involves getting the balance between all the factors within the resources and infrastructure you have such as employees and capital.

Closeout Jewelry

post-gold-for-cashSince jewelry business is highly time-sensitive, styles that were once popular several months ago may not sell at all couple months later.  Therefore, when buying gold jewelry wholesale, you should estimate the monthly sales and stock according to the sale volume.  For example, you may want to stock a certain style for two months worth of stock and restock it when it runs out in order to minimize the closeout items in the inventory, which is sometimes referred to as inventory shrinkage.

By understanding the market and your competitors before buy wholesale gold jewelry, you can reduce the mistakes during your entrepreneurial endeavor, thus increase the chance of succeeding tremendously.
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