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Gold jewelry costsThe main factor that effects the price of gold jewelry: When purchasing gold jewelry, one secret that jewelry stores don’t want you to know is that the weight of the gold jewelry is whatdetermines it's wholesale cost. This rule applies to all precious metal jewelry, including silver and platinum.
Why do most jewelry stores fail to let you know the actual weight is?
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 lighter pieces of jewelry such as gold chains can not hold a higher tensile load when pulled. Or in the case of hollow rings and bracelets which often come in contact with desks and other hard surfaces, they may deform inwards like a banged up car. 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?”
Because the weight of the precious metals in the jewelry make up the majority of its cost. In gold jewelry, over 90% of the cost is accounted from the cost of the gold itself. The manufacturing cost required to turn the gold into finished jewelry is only about 10%. Gold jewelry costs |
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