Important tips for buying gold jewellery
Gold metal is
precious and mostly people wear jewellery made from gold around the globe.
Therefore, gold jewelleries are made at mass level to allure customers.
Especially, in
country like India, gold is considered as an icon of purity and wealth. Gold
jewelleries are customary gifted to bride and bridegroom. People also prefer
these jewelleries on the occasions of marriage anniversary, Mundan of kid, birthdays
and all holy festivals in India. So there is an immense significance of wearing
gold jewellery from the perspective of traditional ceremonies as well as for
enjoyment.
It is for information
that in India, 22K gold is considered as the most valuable for jewelleries and
therefore ornaments made with 22 karate have massive sale. 22Kt gold jewellery
means that it has 22/24 percent pure gold in it. In other words, it has 91.6%
purity.
Assessing the great
importance of gold jewellery, it is necessary to know how to buy pure gold.
.
There are some useful
tips to buy pure gold jewellery:
1. Customer must know
that there are many varieties available in market in gold that affects its
purity, quality and price.
2. To understand the
concept of purity, Most of the ornaments have markings inside that indicate its
Caratage.
It is to inform that
pure gold is too soft to wear as jewellery. It is alloyed with a mixture of
metals such as silver, copper, nickel, and zinc to give it strength and
durability. The most common ‘Carat’ options are 18 K, 22K or 24 K.
3. Many countries
around the globe and India, local law requires that every item of gold
jewellery bears a clear stamp indicating its caratage. This identification is
often controlled through a hallmarking system.
4. Customers can make
choice if branded Jewellers that do stamping in the jewellery to display both
their own identifying mark and the caratage or ‘fineness’ of each ornament.
5. Government of
India has recognized BIS as agency. The BIS Hallmarking Scheme has been aligned
with International criteria on hallmarking. According to this scheme, licence
is granted to the jewellers by BIS under Hallmarking Scheme. The BIS certified
jewellers can get their jewellery hallmarked from any of the BIS recognized Assaying
and Hallmarking Centre. When buying gold, customers can see BIS hall mark and
purchase genuine piece of gold.
6. Jeweller’s
Reputation is another factor to consider when buying gold jewelleries. In gold business, customer has trust on
company and accordingly they develop lifelong relationship with the jeweller. It
must be ensured that brand is well established and has proven reliability and genuineness.
Ways to check purity of gold:
To check purity of
gold in gold jewellery, customer can perform following process:
- Check BIS Standard Mark. It is a triangular
stamp of the Bureau of Indian Standards. The Logo of BIS recognized Assaying
and Hallmarking Centre where the jewellery has been evaluated and hallmarked.
- Purity Grade must
be checked by customer. The number displays purity of the gold. This ranges
from 8 carat denoted by 333 to 24 carat (pure gold) denoted by 999. 999 - 24
carat - Pure Gold, 958 - 23 carat, 916 - 22 carat, 875 - 21 carat, 750 - 18
carat, 708 - 17 carat, 585 - 14 carat, 417 - 10 carat, 375 - 9 carat, 333 - 8
carat.
- Hallmarking Centre
Logo is used to check where the jewellery has been evaluated and hallmarked.
- Year of Marking is
the Code letter signifies the year of hallmarking of jewellery and is decided
by BIS. For instance: letter 'A' Denotes Year 2000,'J' for 2008.
- Jeweller
Identification Mark is the identification mark of BIS Certified Jeweller or
manufacturer of jewellery. It is to be noted that KDM jewellery is not
Hallmarked jewellery. Therefore KDM is not form of pure gold.
As it is well
recognized that Indian people especially females are fervent for buying gold
jewellery since ancient time. The importance of jewellery in India is clearly
apparent as ladies wear these ornaments on many auspicious occasions. Another
important factor is that in India, gold jewellery is regarded as auspicious for
women. Even lower class or poor females have some jewellery with them. Another
significant point of buying gold by families are for their financial
securities. Some people invest in gold for future safety also. With some
precautions and awareness, customer can buy pure jewellery and it is worth to
spend money on gold ornaments when we have pure gold in our hand.
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