Gold Leaf
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
Gold Leaf
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 Attributed to Kees van Dongen 1877 1968 Oil on Board in Gold Leaf Frame  US $25,000.00
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 Fabulous American Charles Knapp 1823 1900 Oil Original Gold Leaf Frame US $10,000.00
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Fashion Jewellery - Gold Using Industries
Human race has been using gold in sculpturing, ornamentation and of course in jewellery for many years. But, in fact jewellery is not the only sphere of gold exploitation. There are also many other well known spheres were gold is used. For example, it’s used in producing of circuitry, coins, dental fillings and much more.
Gold has shining yellow coloring and is a kind of soft metal. Actually, the most malleable metal is gold. And contrasting to all other metals gold maintains its nature luster and coloring because it is not affected by corrosive agents like air and moisture. Gold also has a good electricity and heat conducting ability. That’s why this precious metal is used in various spheres and industries like food and drinks, electronics, medicine and many others. Now, let’s have a closer look with our web-store, a trading name of KTD Group s.r.o.
Gold leafs are used in decoration purposes in some kinds of food and drink products. It consists of tiny gold flakes, which are sparkling and very attractive. During the Medieval times it was a widespread practice to decorate the food with gold thus the stone was thought to be the symbol of wealth and to possess some health improving benefit. Also there is a German and Poland traditional gold containing liquor called Goldwater. In fact this precious metal has any nutritional effect thus gold is tasteless and body chemistry could not alter it in any way.
Gold is also used in high energy applications’ electrical wiring because of its high electrical conductivity. Thanks’ to its oxidization and corrosion resistance gold is widely used in different electronic connectors manufacturing. Various USB, video and audio cables have golden connectors. Moreover, gold is used as a connector between packages and semiconductor devices. Gold is used in medicine too. For example arthritis can be treated with the help of gold salts because of its anti-inflammatory properties. Various restorations like permanent bridges and crowns that are used in dentistry are also made from gold. This metal is widely used in different biology and medicine researches.
Also gold is used in manufacturing astronauts’ faceplates for thermal protection; in creating artificial satellites as an electromagnetic radiation protective coating; in photography, automobile construction, different audio devises and textile. But even today, when the gold materials are applied in different industries, jewellery is still the main sphere of their usage. Various styles of rings, earrings, pendants, chains, necklaces, bracelets and bangles are made of gold. To see more gold accessories visit our e-shop online owned by KTD Group s.r.o.
Grams and troy weight are used to measure gold just like all the other precious metals. Carat is used for gold presence indication and is showing the amount of pure gold in the particular item. The pure gold has twenty four carats but is very soft and could be easily broken. That’s why gold is mixed with other metals in jewellery. Golden accessories that have twenty two, eighteen, fourteen and ten carats contain palladium, silver, copper or other metal in the alloy. By adding aluminum purple gold is going to be created and by adding iron the blue one is going to be created.
All types of gold jewellery are gathered for you in our web-store, a trading name of KTD Group s.r.o. We are providing you with all possible facilities on our website to make a purchasing process pleasant for you.
About the Author
JewelleryMart is the trading name of KTD Group s.r.o.. Our online shop is dedicated to giving our customers total satisfaction. We have a combined experience in jewellery retailing.
Sick Pinstripe and Gold Leaf
