Gold Overlay
Hold On To Gold
How is Gold priced?
Gold prices have been volatile, but well within ranges. Pricing of gold is based on a number of factors, including karatage, gram weight, design and craftsmanship. The karatage and gram weight tell you how much gold is in a piece, but these alone do not determine price. The key driver for gold prices is the gross mismatch between demand and supply. Gold prices are also linked to the strength of the dollar. With the dollar weakening the demand and price of gold would only rise.
Types of Gold
Before you go to pick your gold, it makes sense to know the types of gold there are and how they are used.
‘Gold Filled’ or ‘Gold Overlay’ refers to a layer of at least 10-karat gold that has been permanently bonded by heat and pressure to one or more surfaces of the support metal, and then rolled down or drawn to a prescribed thickness. The karat gold must be at least one-tenth of the total weight.
Gold Plate implies that a layer of plating of 10-karat gold or better has been bonded to a base metal. The karat gold content may be less than one-twentieth, but it must be properly identified by weight in terms of total metal content.
Gold Leaf is gold plating that has been pounded and applied by hand.
How do we measure Gold?
Gold’s purity is measured in karats. The term ‘karat’ has reference to the ancient bazaars where ‘carob’ beans were used to weigh precious metals. Twenty-four karat is pure gold, which means it is more expensive and less durable than gold that is alloyed with other metals. Different alloys are used in jewellery for greater strength, durability and colour range.
The karatage of the jewellery will tell you what percentage of gold it contains: 24 karat is 100 per cent, 18 karat is 75 per cent, and 14 karat is 58 per cent gold. When comparing gold jewellery, the higher the number of karats, the greater the value.
For most Indians, gold purchases usually mean buying jewellery. This makes it the rare asset class that we can wear. However, the disadvantage of buying gold in the form of jewellery is that its resale is not always a profitable proposition. For one, the jeweller discounts what you paid as ‘making charges’ or ‘design charges’ from the value of your jewellery. This shaves off a significant part (up to 40 per cent) of your investment. Its second disadvantage is that most jewellers do not give you cash in lieu of gold. Instead they allow you to exchange it for gold—jewellery or in a bar or coin form. India has the highest demand for gold in the world. More than 90% of this gold is acquired in the form of jewellery. The bulk of the Indian jewellery buying is still rooted in tradition and jewellery is sold in traditional designs.
How is gold priced?
Pricing of gold pricing is based on a number of factors, including karatage, gram weight, design and craftsmanship. The karatage and gram weight tell you how much gold is in a piece, but these alone do not determine price. Remember, a price based solely on gram weight does not reflect the work that has gone into the piece.
Karat and Carat
Karat with a ‘K’ is the measurement of purity of gold.
Carat with a ‘C’ measures the size of gemstones.
Gold coins from banks are gaining in popularity, but one needs to remember that the bank won’t buy the coins back and they are also more expensive than a jeweller’s coins as the bank weaves its charges into the cost of the coins
Is your gold karated?
When buying gold jewellery, always look for the karat mark. Other things being equal, the higher the karat, the more expensive the piece. In the United States, 14-karat gold, or 583 parts pure gold, is the most common degree of fineness. Nothing less than 10 karats can legally be marked or sold as gold jewellery in the U.S. However, lower karatages, such as 8-karat gold and 9-karat gold, are popular in other countries.
18-karat gold is 18/24ths, or three-quarters pure gold, and jewellery of this fineness is marked 18k or 750, the European designation meaning 75% gold.
Always look for the karat mark or ‘k’ that appears on the back of the piece.
Tips on buying gold jewellery
• Take note of the grams: Usually, while buying jewellery, much attention is paid to the design and little to how many grams the jewellery is—how much jewellery you will actually take home. Before you buy any jewellery ask for the “take-home grams”.
• Opt for low-wastage ornaments: high-wastage in jewellery is often a way for jewellers to extract higher profit margins. Experts suggest that for ordinary designs, insist on not more than 6% wastage, and for highly-intricate designs, insist on not more than 8% wastage.
How does jewellery affect environment?
Jewellery appears to be small in size, with low environmental impact; but the truth is quite the opposite. The ugly reality behind the business of making pretty things ranges from human rights abuses and violence to terrorism and outright civil war. Precious metals, diamonds and semi-precious stones are often acquired using unregulated labour practices in unregulated mines and processed using methods that cause a high degree of environmental damage. In the worst cases, there is an even higher human cost.
To know the complete information, read our January-09 Issue of Consumer VOICE magazine
About the Author
To Read whole article please log on to www.consumer-voice.org
Yankee Stadium Old and New 24K Gold Overlay 2-Coin Set
|
|
1 Carat Genuine White Diamond Hoop Earrings 18K Gold Overlay ( J-K, I-3 ) $169.00 |
|
|
SEXY COCKTAIL PARTY BEIGE GOLD LACE FLORAL OVERLAY PRINTED TANK MINI DRESS M $23.99 |
|
|
SEXY COCKTAIL PARTY BEIGE GOLD LACE FLORAL OVERLAY PRINTED TANK MINI DRESS L $23.99 |
|
|
SEXY COCKTAIL PARTY BEIGE GOLD LACE FLORAL OVERLAY PRINTED TANK MINI DRESS S $23.99 |
|
|
1/2 Carat Genuine White Diamond Hoop Earrings 18K Gold Overlay ( J-K, I-3 ) $169.00 |
|
|
18KT Gold Overlay Claddagh Hoop Earrings -Life Warranty $18.99 |
|
|
GOLDEN TOPAZ sinulated ladies RING white gold overlay 6 $24.75 |
|
|
1/2 Carat Genuine White Diamond and Blue Sapphire Earrings 18K Gold Overlay $399.00 |
|
|
Vintage WELLS Signed Sterling Silver Gold Overlay Pearl Tiger’s Eye Pin Brooch $17.50 |
|
|
8.6″35g12mm 18K YELLOW GOLD GP OVERLAY RING BRACELET SOLID FILL GEP CHAIN LINK $7.99 |
|
|
18KT Gold Overlay Claddagh Hoop Earrings -Life Warranty $17.99 |
|
|
14k Yellow Gold Overlay Large 12 X 8 Solitaire Pear Cut Created Diamond Pendant $29.00 |
|
|
14k Yellow Gold Overlay 925 with Genuine Oval Black Onyx Lever Back Earrings $54.00 |
|
|
Created Pave Set Diamond Heart Shaped Ring 14K White Gold Overlay Size 7 $66.00 |
|
|
14k Yellow Gold Overlay Created Diamond Heart Picture Locket Pendant Necklace $39.00 |
|
|
Vintage CZ 925R Marked Tennis Bracelet Gold Overlay Nice 7 1/2 inch $14.99 |
|
|
2 INCH HOOP EARRINGS IN 18KT GOLD OVERLAY 2 MM WIDE $15.99 |
|
|
30″ 18 KT gold overlay 2mm rope chain LIFETIME WARRANTY $19.99 |
|
|
Adorable Created Diamond Butterfly Stud Earrings 14k White Gold Overlay $54.00 |
|
|
14k White Gold Overlay Large Pear Cut Created Diamond Solitaire Pendant Necklace $59.00 |
|
|
Vintage Estate Fine Old Gold Overlay Cufflinks Elegant Jewelry $50.00 |
|
|
1 1/2 INCH HOOP EARRINGS IN 18KT GOLD OVERLAY 2 MM WIDE $15.99 |
|
|
14k Two Tone Gold Overlay Created Diamond Wedding Engagement Ring Set Size 10 $49.00 |
|
|
14k Yellow Gold Overlay Green Emerald Tiny Diamond Heart Pendant Necklace $54.00 |
|
|
18K Overlay Gold Plated GP Curb Link Black Chain Ankle Bracelet Charm #AK-3 $4.99 |
|
|
14k Rose Gold Overlay Genuine Pink Morganite Heart Diamond Dangle Earrings $112.00 |
|
|
32g 18K YELLOW GOLD GP OVERLAY FILLED BRASS 1*1 OVAL LINKS 17.7″ CHAIN NECKLACE $9.99 |
|
|
Created Stones White Pearl Cameo Dangle Earrings Set in 14k Yellow Gold Overlay $49.00 |
|
|
1/2ctw Created White Diamond Love Knot Ring 14K White Gold Overlay Size 4 $49.00 |
|
|
MAPLE LEAF 1 GRAM .999 FINE SILVER BAR w/ 24k GOLD OVERLAY $2.89 |
|
|
Created Stones Pearl Diamond 14k Rose Gold Overlay Stud Earrings $49.00 |
|
|
14k White Gold Overlay Created Multi Gemstone Diamond FlowerTennis Bracelet $72.00 |
|
|
3 ring Round AWESOME RUSSIAN CZ WEDDING ring SET white gold overlay size 6 $34.79 |
|
|
Faceted Square Genuine Rose Quartz Stud Earrings in 14k Yellow Gold Overlay 10mm $42.00 |
|
|
Created Princess Diamond Eternity Ring 14K White Gold Overlay Size 8 Stamped 925 $49.00 |
|
|
Created Princess Diamond Eternity Ring 14K White Gold Overlay Size 6 Stamped 925 $49.00 |
|
|
Unique Handmade 925 Sterling Silver w/ Vermeil Gold Overlay Frog Estate Pendant $55.00 |
|
|
Created Princess Diamond Eternity Ring 14K White Gold Overlay Size 7 Stamped 925 $49.00 |
|
|
Created Heart Diamond Promise or Engagement Ring14K White Gold Overlay Size 9 $49.00 |
|
|
8 Carat Ruby and Sapphire Hugs and Kisses Bracelet 18K Gold overlay with 7 inch $119.00 |
|
|
Created Princess Diamond Eternity Ring 14K White Gold Overlay Size 9 Stamp 925 $49.00 |
|
|
Sterling Silver Ring With Gold Vermeil Overlay With Mystic Topaz Like Stone $9.99 |
|
|
Created Princess Diamond Eternity Ring 14K White Gold Overlay Size 5 Stamped 925 $49.00 |
|
|
Cotton Batik – 1 Fat Quarters – #198 – Green, Yellow with Gold Overlay $2.79 |
|
|
14K Yellow Gold Overlay Created Diamond 1.3ct Mom Heart Pendant Necklace $89.00 |
|
|
14K Yellow Gold Overlay Genuine Tiny Diamond Pearl Pendant Necklace Earring Set $57.00 |
|
|
8 Carat Ruby and White Sapphire Bracelet 18K Gold overlay with 7.25 inch length $99.00 |
|
|
1 Carat Created Black Diamond Eternity Band Ring 14K White Gold Overlay Size 7 $59.00 |
|
|
2ct Created Diamond 14k Yellow Gold Overlay Wedding Band Engagement Ring Size 8 $72.00 |
|
|
24K Gold overlay 9 MM Etched Curb Bracelet $32.95 |
|
|
1 Carat Genuine White Sapphire 18K Yellow Gold Overlay Earrings $99.00 |
|
|
Created Heart Diamond Necklace Stud Earring Jewelry Set 14k Yellow Gold Overlay $49.00 |
|
|
14k Two Tone Gold Overlay Created Diamond Wedding Engagement Ring Set Size 6 $59.00 |
|
|
1 Carat Genuine White Sapphire 18K Yellow Gold Overlay Two Tone Earrings $99.00 |
|
|
3 Pair Genuine Round Opal Stud Earrings in 14k Yellow Gold Overlay Stamped 925 $49.00 |
|
|
3 Piece Jewelry Set Necklace Earrings Bracelet Curb Link 14k White Gold Overlay $49.99 |
|
|
14k Yellow Gold Overlay Marquise Trillion Cut Created Diamond Ring Size 6 $49.00 |
|
|
14k White Gold Overlay 1/10 Carat Genuine Tiny Diamonds by the Yard Necklace $79.00 |
|
|
WEDDING BAND MENS 7.5 mm Russian formula cz 14K gold overlay size 13 $21.79 |
|
|
Triple Purple Amethyst Heart Diamond Dangle Earrings 14k White Gold Overlay $69.00 |
|
|
BLACK ONYX genuine oval stone MENS RING 14K yellow gold overlay size 12 $24.79 |
|
|
Created Round Diamond Eternity Ring 14K White Gold Overlay Size 7 Stamped 925 $49.00 |
|
|
Sterling Pin Gold Overlay Eye Sun Glass Holder Signed Mia Desinger Vintage Rare $15.99 |
|
|
3 three stone RUSSIAN CZ FORMULA CZ MENS RING 14K gold overlay size 14 $32.75 |
|
|
NEW HEART SHAPE 18K YELLOW GOLD GP OVERLAY FILLED BRASS HOOP TALL 1.18″ EARRING $8.99 |
|
|
2 1/4 Carat Created Diamond Journey Dangle Earrings 14k White Gold Overlay $49.00 |
|
|
4 Carats Created Aquamarine Baguette Half Hoop Earrings 14k White Gold Overlay $69.99 |
|
|
LADIES 3 ring ROUND WEDDING SET 18K gold overlay siz 12 $32.87 |
|
|
14k Yellow Gold Overlay 6 Prong Created Diamond Solitaire Engagement Ring Size 6 $54.00 |
|
|
1 Carat Genuine White Sapphire 18K Yellow Gold Overlay Two Tone Floral Earrings $99.00 |
|
|
7.9″5mm RECHERCHE 18K GOLD PLATED OVERLAY BRACELET SOLID FILL GP CHAIN vd1031b $10.50 |
|
|
Classic Elegant Created White Pearl Stud Earrings 10mm 14k White Gold Overlay $2.29 |
|
|
14k Yellow Gold Overlay Created Diamond Cupola Eternity Band Ring Size 7 $74.00 |
|
|
23.6″11g 18K GOLD PLATED OVERLAY SNAKE NECKLACE SOLID FILL GEP CHAIN vd5000n3 $13.98 |
|
|
Created Diamond Double Hearts Promise Sweetheart 14K White Gold Overlay Size 5 $49.00 |
|
|
Channel Created Princess Emerald Cut Diamond Ring 14K White Gold Overlay Size 6 $56.00 |
|
|
Channel Created Princess Emerald Cut Diamond Ring 14K White Gold Overlay Size 10 $56.00 |
|
|
(8.3 GRAMS) SOLID 14K YELLOW GOLD RING w/ 18 DIAMOND CHIPS on WHITE GOLD OVERLAY $300.84 |
|
|
Ruby & Tiny Diamonds Hoop Earrings in 14K Yellow Gold Overlay Stamped 925 $54.00 |
|
|
Genuine Sapphire Diamond Hoop Earrings in 14K Yellow Gold Overlay Stamped 925 $54.00 |
|
|
14 KT Gold Overlay Wedding, Engagement, Cocktail Ring W/ 3 CT Marquise CZ – Sz 7 $14.99 |
|
|
14k White Gold Overlay 2 Carat Bezel Set Created Heart Diamond Stud Earrings 6mm $47.00 |
|
|
Pink or Rose Gold Overlay Created White Diamond Hoop Earrings 20.5mm $52.00 |
|
|
14k Yellow Gold Overlay Created Sapphire Bezel Set Stud Earrings Large 8mm Round $42.00 |
|
|
Created Heart Diamond Promise or Engagement Ring14K White Gold Overlay Size 9 $49.00 |
|
|
14k White Gold overlay 3 4/5 Carat Amethyst Heart & Tiny Diamonds Earrings $54.00 |
|
|
Genuine Mother of Pearl Flowering Dangle Earrings in 14k Yellow Gold Overlay $72.00 |
|
|
14k White Gold Overlay 3.6ctw Created Trillion Cut Diamond Semi Hoop Earrings $54.00 |
|
|
14k Yellow Gold Overlay 3.6ctw Created Trillion Cut Diamond Semi Hoop Earrings $54.00 |
|
|
1961 Jewelry Jewels Krementz Ad 14KT. Gold Overlay $4.00 |
|
|
14k Yellow Gold Overlay 3ctw Created Princess Cut Square Diamond Stud Earrings $39.00 |
|
|
CANADIAN MAPLE LEAF 1 GRAM .999 FINE SILVER WITH GOLD OVERLAY CANADA ART GEM BAR $4.15 |
|
|
4ctw Channel Created Princess Diamond Semi Hoop Earrings 14k White Gold Overlay $59.00 |
|
|
Created Pave Set Diamond Heart Shaped Ring 14K White Gold Overlay Size 6 $66.00 |
|
|
Created Diamonds Inside Out Hoop Earring 14k Yellow Gold Overlay & Stamped 925 $56.00 |
|
|
Austrian Crystal Chain Closeout 3mm Crystal Saph S Chain Gold Overlay 11.5 FT z $28.75 |
|
|
8.6″12mm 18K GOLD PLATED OVERLAY RING BRACELET SOLID FILL GP CHAIN LINK vd1072bt $13.55 |
|
|
Buckle BKE Gold Faux Wood Overlay Chunky Boho Vintage Cuff Bracelet $8.99 |
|
|
14K Gold Overlay Bonded Mother & Child Bear Pendant $15.99 |
|
|
Channel Created Princess Emerald Cut Diamond Ring 14K White Gold Overlay Size 9 $56.00 |
|
|
Gold Overlay Bib Necklace $187 The gold overlay bib necklace is out of thisworld. This phenomenal necklace is all about making a grand statement.The necklace fastens with a hook and eye closure. |
|
|
Seashell Pendant with Yellow Gold Overlay $99.99 This fashion forward seashell pendant with yellow gold overlay is a must have. A yellow gold outline adds a touch of elegance to this beach inspired piece. Pendant is 1 1/2 inches long long and hangs on a three strand 18 inch yellow gold overlay chain. |
|
|
14kt Gold Overlay 1ct.tw. Diamond Status Bracelet $200 14kt. Gold overlay 1 ct. tw. diamond status tennis bracelet. |
|
|
14kt. Gold Overlay Multi Gem & Diamond Bracelet $50 14kt. gold overlay Multi Gemstone and Diamond accent bracelet. Size 7.25?. |
|
|
14kt. Gold Overlay Diamond Accent ”S” Earrings $50 14kt. gold overlay diamond accent “S” design hoop earrings. |
|
|
Franchi Carrie Crystal Cage Overlay Clutch – Clutch $129.99 Franchi Carrie Crystal Cage Overlay Clutch – Gold |
|
|
Gatsby Gold Running Horse Overlay Lead with Snap $8.95 It is 2-ply for added strength and made to match the nylon halters with the w/gold running horses overlay and a snap end. |
|
|
14kt. Gold Overlay Diamond Greek Key Bracelet $100 14kt. gold overlay diamond 1/4 ct. tw. Greek key bracelet. Size 7.25?. |
|
|
Mother of Pearl Shell Pendant with Yellow Gold Overlay $99.99 This fashion forward mother of pearl shell pendant with yellow gold overlay is a must have. Swirls of yellow gold add a touch of elegance to this beach inspired piece. Pendant is 1 1/2 inches long and hangs on a three strand 18 inch yellow gold overlay chain. |
|
|
14kt. Gold Overlay 1/4 ct. tw. Diamond S Bracelet $100 14kt. gold overlay diamond 3-row “S” bracelet. Size 7.25?. |
|
|
Overlay $10 Overlay – Not Drowning Waving |