Gold is a precious metal.  Historically, it has been used for stores of value (bars) for jewelry, electronics, dentistry, and as actual money (coinage).  It is a yellow element found in nuggets that can actually be ruby or black when divided.

It is the most malleable metal known.  When other elements are it forms alloys.  This will increase the hardness and can create exotic colors.  Adding copper gives a redder color, iron more blue, platinum white, aluminum creates purple.

Gold conducts heat and electricity well.  Heat, moisture and corrosives have very little chemical effect gold.  This makes it well-suited for make coins and jewelry.  Since gold itself is soft, it is given the alloys to make it stronger and change its color.

When using gold for jewelry, it is measured in karats.  Pure gold is 24K.  It is generally sold as 22K, 18K and 14K.  This means silver or copper have been added for strength and color.

Commonly we find the use of gold in jewelry making.  Designers create beautiful gold jewelry which sometimes are enhanced with diamonds and gemstones.  Gold and diamond jewelry makes wonderful presents.  In our society they are also used for wedding rings and in gift giving.

There are many other uses of gold such as:

1.    Embroidery Thread
2.    In computers, jet aircraft
3.    Dental crowns and bridges
4.    White gold can substitute for platinum

Gold has had a high value since prehistoric times and was used as a symbol of value, purity and royalty.  The price of gold has rise over the years indicating how it is valued in society.

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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. 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.

Labor 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 labor 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 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.  On 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
Since 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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Gold jewelry is a look that has never gone out of style and is as popular as ever. Purer gold jewelry does not cause staining or tarnishing like inferior alloy blends. Usually if someone has a problem with staining on their skin it is due to their body and not the gold.

Gold is very malleable and as such can be made into just about any shape including tiny hair like strands and thin sheets.

One of the main things most people look for when purchasing gold jewelry is the purity. The jewelry industry has a universal system for identifying this factor.
Chances are the ring on your finger is marked 18K, 14K, or 10K, with the K standing for karat, the system used to describe the percentage of pure gold an item contains.
The higher the karat number, the higher the percentage of gold in your gold jewelry.

•    24K gold is pure gold.
•    18K gold contains 18 parts gold and 6 parts of one or more additional metals, making it 75% gold.
•    14K gold contains 14 parts gold and 10 parts of one or more additional metals, making it 58.3% gold.
•    12K gold contains 12 parts gold and 12 parts of one or more additional metals, making it 50% gold.
•    10K gold contains 10 parts gold and 14 parts of one or more additional metals, making it 41.7% gold. 10K gold is the minimum karat that can be called “gold” in the United States.

European gold jewelry is marked with numbers that indicate their percentage of gold, such as:

•    18K gold is marked 750 to indicate 75% gold
•    14K gold is marked 585 for 58.5%
•    12K gold is marked 417 for 41.7%

The karat marking on your gold jewelry should be accompanied by a hallmark or trademark that identifies its maker. The item’s country of origin might also be included.
You’ll find examples of pure gold jewelry, but pure gold is soft and isn’t practical for daily wear. Other metals are mixed with it to make it more durable (and to lower its cost).
Solid gold is durable, so it is a better choice for jewelry you’ll wear regularly. If you have allergies to nickel or other metals, choose items that have high gold content, such as 18K or 22K gold jewelry.

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Since ancient times people have recognised and cherished gold as a precious commodity. Gold jewellery never goes out of fashion. Unlike many other metals pure gold does not react with other elements to create a residue that accumulates on some of them before transferring to your skin as stain. There are people who are allergic or have staining problems with metals combined with it. Gold can be worked into any shape you want even into tiny strands and it does not break easily. One ounce of gold can be hammered and flatten into an ultra thin sheet that is ten feet square.

In the past, gold jewellery was worn only by wealthy people. But during the industrialisation period people of lower social classes became able to afford more than a gold wedding band. Today, people many people around the world are wearing beautiful gold jewellery pieces that their ancestors would have never dreamt of ever owning.
Today it is considered to be an important investment for some people. And has different types and varieties, thus, it is vital to know how to distinguish between them. What is it with gold jewellery that differentiate a piece from another and why is it so much cheaper similar than similar items? Let us all begin with caratage. Gold carat weight is not the actual weight of gold such as it is with gemstones but the proportion of gold in gold jewellery.

24 carat gold is 100% pure gold and it has a very rich gold colour. Gold jewellery is almost never made from 24 carat gold for one simple reason- 24 carat gold is far too soft and will dent and scratch easily. Often 24 carat gold is used in decorating tableware and wine glasses.

On the other hand 9 carat gold is only 37.5% gold and it contains other metals such as silver and copper that makes up the rest 62.5%. Thus, 9 carat looks a little lighter in colour and much less expensive.
Mixing different metals with gold can give it different colours and shades as well. Rich yellow is the original colour of gold. When mixed with white metals such as rhodium and titanium gold jewellery has a white gleam which is similar to platinum. A mixture of gold and copper turns into pinkish hue that is known as rose gold. Traditionally, only yellow gold and rose gold (Eastern Europe) was used but in recent times white gold has become very popular.
When buying gold jewellery, look for the Hallmark stamp of authenticity. This is different from the stamp of the jeweller or manufacturer and it is globally accepted authentication stamp that certifies the caratage of gold in jewellery piece.

And while shopping for jewellery it is important to choose a jeweller that you can trust. Check the gold prices on different stores before purchasing to establish an average prices of gold item you are after. You might see a gold jewellery piece in another store having almost the same style and type but with less or more expensive. It is important to remember that the price should complement the quality. You cannot get the highest quality piece of gold jewellery at a very cheap price.

Buying jewellery online can be great idea too if you have verified the details of the online seller, and it is best if you have already made a purchase from them. It is one way that you can trust the jeweller. In case of online gold purchase look for trust seals on the website and to be sure you might want to contact the certifying organizations.

A web writer, linkbuilder and virtual assistant. Internet Marketing, SEO and Social Media and the Web are my interests. Check out more about me at fusion of insights.

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Three Things You Should Know About Gold Wedding Bands

When it comes to buying a gold wedding band, things can get confusing fast.  What color gold do you want?  What karat will suit your lifestyle?

Gold is the most popular choice for wedding bands, and very popular in dress rings, bracelets, necklaces, and watches.  Gold is easy to accessorize with, and it is durable.  There are three things to consider when looking at gold wedding rings.

First, you should look at the karat number.  A karat measures the proportion of pure gold mixed with other metal alloy to make up the final metal. There are several karats available for gold, but most men’s wedding bands employ 9-karat, 14-karat and 18-karat.  Since an 18-karat ring has a higher proportion of gold than a 14-karat, the 18- karat will be more expensive.  Although there are higher karats than an 18-karat ring, it is generally agreed that 22-karat and 24-karat gold is too soft to make men’s wedding rings.

Karat stamps do not indicate the durability and hardness of gold, however.  When choosing your wedding band, it is important to consider your own lifestyle.  How often will you wear the ring?  Do you work with your hands?  Could your ring be easily scratched or bent?

Metal hardness is measured by what is called the Vickers scale.  The higher the Vickers score, the harder the metal.  A 9-karat ring has a Vickers score of 120 and an 18-karat has a score of 125.  The difference is so slight that 9-karat and 18-karat rings are much the same in terms of hardness.

Next, you should consider the color of the gold.  Gold comes in several colors:  yellow, white, rose, bronze, and lime.  Wedding bands can also be made using two or three different tones of gold, creating a unique color.

Adding an alloy to the gold creates different colors.  For example, rose gold is made using a mix of pure gold with alloys including copper.  The copper provides the reddish color.  Yellow gold forms from a mixture of pure gold and alloy metals such as copper and zinc, while white gold is an alloy of gold and some white metals (silver and palladium.)

Natural white gold has a gray tinge to it, which is covered up by adding a plating of rhodium.  The rhodium also serves to make the jewelry harder, but it does wear off after about 12 to 18 months.  You can get your jewelry re-rhodium plated at your local jeweler.

There are many options when it comes to choosing a wedding band, but ultimately you should be certain that the ring you choose is right for you and your lifestyle.  After all, the ring is a symbol of your love and marriage, so it should suit you perfectly.

Amanda Trevino is a client account specialist with 10x Marketing-More Visitors. More Buyers. More Revenue. To find more information about wedding bands, please visit International Jewelers.

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As other precious metals, gold is measured by troy weight and by grams. And when it is alloyed with supplementary metals the term carat or karat is used to specify the amount of gold present, with 24 carats being pure gold and lower ratings being proportionally less. The purity of a gold bar can also be written as a decimal figure ranging from 0 to 1, known as the millesimal fineness, such as 0.995.

Carat and gold price

Carat is a measure of the purity of gold and platinum alloys. One carat is one twenty-fourth purity by its weight. Thus 24-carat gold is pure gold (99.99%); 12-carat gold is 50% purity, et cetera. In the United States and Canada, the word karat is typically used for the measure of purity, while carat is referring to the measure of mass.

The carat system is gradually more being complemented or superseded by the millesimal fineness system where the purity of precious metals is denoted by parts per thousand of pure metal in the alloy.

The most frequent carats used for gold in bullion, jewellery making and goldsmith are:

24 carat (millesimal fineness 999), 22 carat (millesimal fineness 916), 20 carat (millesimal fineness 833), 18 carat (millesimal fineness 750), 16 carat (millesimal fineness 625), 14 carat (millesimal fineness 585), 10 carat (millesimal fineness 417) and 9 carat (millesimal fineness 375).

The open market gold price

The gold prices is determined on the open market, but a procedure recognized as the Gold Fixing in London, originating in 1919; provide a twice-daily benchmark figure to the industry.

The historically gold price

Historically gold was used to back currency in an economic system recognized as the gold standard a certain weight of gold was given the name of a unit of currency. For a long period, the United States government set the value of the US pound so that one troy ounce was equivalent to £20.67 (£664.56kg), but in 1934 the pound was revalued to £35.00 per troy ounce (£1125.27kg). And by 1961 it was becoming harder to uphold this price, and a pool of US and European banks agreed on manipulating the market to stop further currency devaluation against increased gold demand.

On 17 March 1968, economic conditions caused the collapse of the gold pool, and a two-tiered pricing scheme was established and gold was still used to settle international accounts at the old £35.00 per troy ounce (£1.13g) but the price of gold on the private market was allowed to rise and fall; this two-tiered pricing system was discarded in 1975 when the price of gold was left to find its free-market level. Central banks still hold historical gold reserves as a store of value even though the level has generally been declining. The biggest gold depository in the world is that of the U.S. Federal Reserve Bank in New York.

Ever since 1968 the price of gold on the open market has ranged widely, with a record high £850oz (£27,300kg) on 21 January 1980, to a low £252.90oz (£8,131kg) on 21 June 1999 (London Fixing). On 26 April 2006 the London gold fixing was £635.50oz.

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Pendants are adornments for necklaces. The most popular styles are lockets and crucifixes. If you are looking to buy gold or silver pendants for a necklace you already own or buying a necklace with a pendant included you should find all of the relevant information included here. Pendants are often made from various precious metals and decorated with precious minerals or an engraved pattern.

Silver Pendants

Sterling silver is the standard grade used for jewellery. It is a legal requirement for silver to carry a hallmark in order to be sold in the United Kingdom. This will normally include a number. Sterling Silver should be marked ‘925′.

Gold Pendants

As with most gold jewellery, pendants can be made from yellow and white gold. As gold is not naturally white it is worth being mindful that, over time white gold may need to be restored. A 9 carat, solid gold pendant could contain around 35% pure gold whereas and 18 carat solid gold pendant would contain 75% pure gold. This drastically changes the price. Any solid gold jewellery should be engraved with a hallmark. 9ct gold should have the number ‘375′ engraved and 18ct gold will have ‘750′.

Gemstones and Decoration

A large number of pendants include gemstones or other decorative materials with varying values. One commonly used material is mother of pearl. This is harvested from the inner layer of the shells of particular mollusks. They create this layer to form part of their shell for protection and the outer layers of pearls are made using this material which gives them their iridescent finish. Jewellery can be produced with mother of pearl decoration at a relatively low cost and can be found on pendants of various purity metals. Other precious stones may be used to decorate pendants but diamonds are a very popular addition to gold pendants. These are generally set into yellow of white gold of 18ct purity or higher.

Costs

As a rule of thumb silver pendants should be available for less than £50 unless they are particularly heavy, higher grade than sterling or are set with stones that require a higher price. Plain or engraved 9ct yellow gold pendants should cost £50 – £100. Additional stones such as Sapphire, Peridot or Amethyst may require a price tag upwards of £200. Rubies and Diamonds will cost significantly more; depending on the quality and size of the stones they will require a price tag upwards of £500. As they are normally set in high quality 18ct yellow or white gold it is not unusual for these items to cost over £1000.

For a selection of pendants, John Hollins Fine Jewellery is a great place to go

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Buying gold jewelry can be tricky because there are different types of karats, 14K cubic zirconia jewelry, and different colors of gold (based on other materials that the gold might be alloyed with to give added strength).

Ask Questions before Buying

The phrase “buy now, ask questions later” should never apply to gold jewelry, even cubic zirconia gold jewelry. You should ask plenty of questions before making such an elaborate purchase. A reputable jeweler will be able to answer all of your questions honestly and will provide you with helpful tips concerning your jewelry needs.

Here are some questions to ask:

*What is the actual karat of the gold? 10kt, 14kt, 18kt, or 24kt?
*Is it real gold or plated gold?
*Are the stones real or are they made of cubic zirconia?
*What factors were used to determine the gold jewelry’s price? Weight, ornamental detail, design or construction?
*What type of clasp is used? This is important with gold necklaces and bracelets. You need a strong, easy-to-use clasp.

What are Karats?

Pure gold is 24kt and offers a deep and rich color. Unfortunately, 24kt jewelry is very soft and can be damaged easily. Jewelry made with 24kt gold must have a special stamp of individuality.

Other karats of gold contain alloy metals to add strength. These alloy metals may be copper, zinc, silver, or nickel. These metals can also change the color of the gold to have a rose, white, or green coloration. Gold must be at least 10kt to be legally labeled and sold as real gold jewelry in the United States.

Trademark and Pricing of Gold Jewelry

All gold jewelry sold in the United States must have a manufacturer’s trademark. You might also see the name of the country where the jewelry was manufactured, and the manufacturer’s hallmark. The trademark tells the proper karat of the jewelry. It can be found on the inner part of the band on a diamond ring or any other gold-banded ring, or on the clasps of gold necklaces or bracelets. On earrings, the trademark might be found on the back of the earrings.

Types of Gold Jewelry

Gold jewelry is available in an assortment of styles and types. There are 14kt gold necklaces with or without pendants, attached stones such as sapphires and gemstones. A necklace may come in 14kt yellow gold or white gold. A pearl necklace can come in different styles as well such as a complete strand or partial strand of pearls on a 14kt yellow or white gold necklace.

There are also many types of 14kt gold earrings such as stone earrings, chandelier earrings, gemstone earrings, pearl earrings, semi-precious earrings, stud earrings, and even 14kt gold hoop earrings.

Diamond rings can be set on a 10kt or 14kt gold band in white or yellow gold. There’s the solitaire diamond ring and the diamond ring cluster, depending on the occasions. Solitaire diamond rings set on a 14kt gold band are still the most sought after for an engagement ring.

Other types of gold or diamond jewelry might include pendants, men’s rings, diamond or gold bracelets, and anklets.

Online Jewelry Shopping

The key to smart gold jewelry shopping online is to know your gold and know what types of jewelry are available. When shopping at a jewelry website, look for clarity as to what the jewelry is made of, its weight, and what types of stones are used in the jewelry. Also, be sure a Jewelry Certificate of Authenticity is provided with each purchase.

Go online to find an assortment of gold jewelry for gifts, a marriage proposal, or to buy your favorite jewelry for any occasion.

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Whenever you plan to buy gold, it is important that you keep in mind certain things like a credible seller, the quality and purity of gold, the current rates of gold and the fluctuating trends of market. Buying gold should not be an impulsive decision because one has to be careful while buying it and consider the above mentioned characteristics.

People either buy gold for personal use like jewellery; gifts etc. or they buy it for investment purposes. Whatever the purpose of buying gold is, it should only be bought from an authentic and credible source. You can easily be fooled by frauds who may sell you fake pieces as gold.

Gold occurs in its natural and purest form when extracted from its ores. Pure gold is rated as 24 karat gold and it is priced against the US Dollar on daily basis. This form of pure gold is converted into bars, coins or bricks of different weights ranging from a few grams to kilograms.

This type of gold is sold and bought for investment purposes, and each gold bar, coin or brick is engraved with ‘999′ symbol or stamp, indicating its purity. Only licensed companies can engrave this on gold bars and this is the main sign that you should look for when buying gold for investment purpose.

Gold for investment purpose is also sold in the form of 22k and 18k in the market. Their prices are relatively lesser than 24k gold. The daily fixed prices of 22k and 18k are also rated and when you buy gold, make sure that you are aware of the actual prices. Usually there is no bargaining when you buy pure gold, but if you have done your homework well, you can avoid buying overpriced gold.

You should also keep an eye on the market trend of gold. Sometimes the price of bullion remains steady over a long period of time; sometimes the price is going up all the time; and sometimes the price of gold is declining. You should study the market trend and buy wisely and accordingly. One can get real benefit from bullion investment if it is done for a fairly long period of time.

Ideally, you should buy gold when the price of bullion is falling against the US dollar. Later when the prices get stable, or go higher you can sell it to get immediate profit. Being a small investor, you should not risk buying or selling bullion too often because instead of reaping profits, you might suffer heavy losses.

If you are a big investor, you can contact the London Bullion Exchange and buy gold directly from there. Gold stocks and bullion funds are also available for better and secure investment. You should choose a reliable investment company who deals in bullion funds, bullion futures and bullion stocks. According to some experts, bullion funds and stocks are more reliable, safer and more profitable than buying solid bullion.

Learn how to buy gold by taking help of professionals and reduce risks of loss for investment

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Whether buying gold jewelry for yourself or a loved one, deciding what and where to buy fine jewelry can be a tough decision. Gold jewelry is an item you’ll cherish for many years to come – maybe even a lifetime! So, you’ll want to make a wise choice. Here are some quick do’s and don’ts to remember when buying gold jewelry.

Do Buy Gold Jewelry from a Company You Trust

When you want fine jewelry, choose a company or Web store that specializes in fine jewelry. Don’t expect to find the best of jewelry at a company that offers everything including the kitchen sink! A specialist can assist you personally and provide a wider variety of gold jewelry.

When searching online, be specific in your searches, and do research on the company before making a purchase. Check to see if the company is affiliated with a professional trade association such as the Jewelers of America (JA) or the online Better Business Bureau.

Do Look for Guarantees or Warranties

Before buying gold jewelry from a company (online or offline), get a detailed explanation of their return policy in case the jewelry is not what you expected or has a defect. Some will offer manufacturer’s warranties as well.

Do Shop for Quality, not Just Discounted Prices

It’s tempting to buy fine jewelry at a discount to get a great bargain. But, what are you really getting? With gold jewelry, for example, find the karat or quality mark on the actual jewelry to see if it’s real gold or not. And remember, the karats are an indication of what percentage of gold is in the jewelry piece. 24K is pure gold, 18K is 75 percent gold, 14K is 58.3 percent gold, and 10K is 41.6 percent gold. So, what is the other percentage? It is usually made up of alloy, or different metals that add form and strength to the jewelry item.

Don’t be Hasty

Look around at several gold jewelry pieces before making a decision. Consider the price of the jewelry as well. Ask about these factors to determine if the fine jewelry is worth its price: karat weight, total weight, engravings, design, look and feel, ornamental detail, and the finish.

Don’t Buy from Suspicious Companies or Persons

If you have an uneasy feeling about buying fine jewelry from a particular person or company, don’t do it. The jewelry could be stolen or fake. Either way, you’ll lose in the long run. Always choose a reputable company that specializes in fine jewelry andor gold jewelry.

Don’t Forget the Clasp and Measurements

If buying for others, find out what size gold jewelry they wear, such as ring size, neck size, wrist size, or ankle size. Whether it’s gold necklaces, gold earrings, gold bracelets, gold bangles, or other types of jewelry, you’ll need to know the size and style that fits you or your loved one. Also, examine the clasp to be sure it’s easy to attach and of good quality.

Use these tips as a starting point to get the gold jewelry you need. The right gold jewelry piece can be worn for a lifetime!

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