The #1 trade secret that jewelry stores don’t want you to know is that the
weight of the gold in gold jewelry makes up the majority of its cost.
This rule applies to all precious metal jewelry, including silver and platinum.
In the US, jewelry is weighed in grams. Some jewelry stores display the
actual weight of each piece, while others do not.
Why don’t some jewelry stores want you to know the actual weight?
Because the easiest way to make gold jewelry cheaper is to use less
gold and make it lighter. The main problem with using less gold is that
the jewelry will usually be weaker and more likely to bend.
Some jewelry stores that do not display the weight say that "fine jewelry"
is not sold by the weight. Jewelry stores are not supermarkets, right?
How can this secret help you to make better decisions buying jewelry?
Whenever you are shopping for precious metal jewelry, the first thing you
should figure out is the price per gram. The average price per gram that
we have found at the mall is $28 per gram for 14k gold, $36 per gram for
18k gold, $3 per gram for silver, and $75 per gram for platinum.
Knowing the price per gram will help you compare apples to apples.
It is easy to compare prices for two gold bracelets if they are the same weight,
style, and quality. But this is hardly the case.
Most jewelry stores have very similar items that differ greatly by weight and
price. So in order to compare apples to apples, you must find the price per
gram at each store. As long as the quality and style are similar, the store with
the lower price per gram is always a better value. By negotiating with a sales
person based on price per gram, the sales person will know that you are a
knowledgeable jewelry buyer that cannot be duped.
The price per gram concept also applies to diamonds. All diamonds over $1000 should
come with a GIA certificate rating. When comparing two diamonds of the same rating,
the lower price is always a better value.
Trade Secret #1 Summary
[X] Weight of jewelry determines value
[X] Retailers purchase precious metal jewelry priced per gram, so should you.
[X] In order to compare apples to apples, always figure out the price per gram
Wholesale Jewelry In China
Pros and Cons of Online Wholesale Jewelry Purchasing -If you think about it, this way of purchasing jewelry is actually a good bargain.
You will get a nice deal on that opal ring or the pearl necklace you have been eyeing. There are tons of Web sites out there that specialize in jewelry, which makes shopping very fast and easy for you. You do not have to worry about pushy and rude alespeople.
To add icing on the cake, you can buy wholesale through online shopping. The price is so affordable and you can quickly have that jewelry in your hands.
But there is a catch. When you are buying your jewelry over the web, you can not touch or see first-hand what you are purchasing. This is very important because a picture you see on the site is not enough to determine the value of the jewelry. You have to see it right in front of you in order to see if there are cracks, chips or scratches.
When buying jewelry in person, you can do the checking by using loupes or a magnifying glass. Online shopping for jewelry may be easy and you can do it wholesale but the disadvantage is that you are not really sure whether the item you are buying is scratch, crack and chip free.
That is not the only problem - Jewelry experts also claim that other problems include misrepresentation of quality. Some unethical jewelers say that the item is of better quality than they really are.
The buyer must also concern themselves with slightly inflated weights (those small differences in weight that can slightly change the stones value) and fraudulent repairs and appraisals. The buyer must also check the documentation from the Gemological Institute of America or GIA reports before actually buying the jewelry.
To respond to this problem, eBay has come up with guidelines when it comes to selling jewelry online. However, consumers should still have common sense on how they can protect themselves from these fraudulent practices.
How do you buy jewelry online and at wholesale prices safely? - 1. Customers must be informed of exactly what they are buying. There are various sites that do not provide the buyers the complete and accurate information they need when buying jewelry wholesale.
Also, most jewelers are not experts or gemologists (those who specialize or have been trained in identifying and rating the condition and quality of gemstones) so they may not be able to properly describe the stones.
2. The customer must try shopping at retail jewelers and visit gemologist organization sites in order to be well-informed about jewelry, stones and how to know the authentic from the fake purchases. It also helps to check out the FTC guidelines.
3. When shopping on eBay, the customer must read the terms and conditions. He should also check the fine print. The sellers that are of power Seller status should still be criticized like the rest of the sellers.
4. Before bidding on an online item, the customer must find out as much as he or she can about the item that they are bidding for. Also, the Federal Trade Commission suggests that the procedures regarding complaints should be practiced; even when the transaction is done online.
Sure-fire way for the customer to avoid fraud - In order to avoid online fraud, the customer must see whether the seller is willing to take the necessary steps of appraisal before actually receiving the money as payment for the purchased jewelry. Therefore, the payment can be held in tow through a third party for a minimal fee which the jeweler is paid as long as these conditions are met.
It also helps to have a gemologist around, better yet a gemologist who is also an appraiser because they will be able to confirm the quality, condition and identity of the stones that are being bought, plus the true value.
Buying jewelry wholesale and online may sound pleasing but it takes as much work as buying it first-hand from a store.
Both Eugenia Bivines & Allen Jesson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Eugenia Bivines has sinced written about articles on various topics from Jewelry. Eugenia Bivines, MO USAPublishing information to help increase your bottom line byway of free resources.. Eugenia Bivines's top article generates over 1300 views. to your Favourites.
Allen Jesson has sinced written about articles on various topics from Engagement Rings, Shopping and Gift Ideas. Allen Jesson writes for several sites that specialize in and. Allen Jesson's top article generates over 301000 views. to your Favourites.
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