What precautions should be taken while buying gold jewelry?

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What precautions should be taken while buying gold jewelry?

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Know the Purity - The purity of gold is denoted in karats, with 24 karat gold being 99.9% pure and 22 karat gold being 92% pure. Purchasing gold jewellery without checking its purity is a no-no and it always pays to check purity before parting with your hard earned money. Hallmark is an indication of purity of gold and it is advisable to purchase hallmarked jewellery, as these pieces are tested by competent agencies. – PowerPoint PPT presentation

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Title: What precautions should be taken while buying gold jewelry?


1
ORRA
What precautions should be taken while buying
gold jewelry?
2
Company Overview
  • The journey of a million gazes began in 1888
    before it metamorphosed into ORRA. From sculpting
    and manufacturing diamonds to crafting and
    retailing the finest diamond and gold jewellery,
    ORRA has come a long way since its inception.
  • Today, ORRA is one of India's finest jewellery
    retail chains, having spread its glow with 33
    stores across 21 cities and has consistently been
    at the forefront of design leadership and product
    innovation with 5 global design centres.

3
What precautions should be taken while buying
Gold jewelry?
  • Planning to buy gold jewellery? Check out some
    tips precautions
  • you need to take while purchasing gold jewellery.
  • Know the Purity - The purity of gold is denoted
    in karats, with
  • 24 karat gold being 99.9 pure and 22 karat gold
    being 92 pure. Purchasing gold jewellery without
    checking its purity is a no-no and it always pays
    to check purity before parting with your hard
    earned
  • money.
  • Hallmark is an indication of purity of gold and
    it is advisable to
  • purchase hallmarked jewellery, as these pieces
    are tested by
  • competent agencies.
  • Making charges A making charge is associated
    with every piece
  • of gold jewellery, which is essentially the
    labour charge involved in
  • creating it. Making charges are a reflection of
    current gold rates and
  • one could be fleeced into paying higher making
    charges than
  • necessary.

4
What precautions should be taken while buying
Gold jewelry?
  • Man-made Vs machine made ornaments Making
    charges on
  • machine made artefacts are lower than charges on
    man-made
  • artefacts, making such mass produced ornaments
    cheaper.
  • Check the weight Precious stones like diamonds
    and emeralds
  • are often added to gold jewellery, making them
    heavier in the
  • process. Jewellers weigh a piece in its entirety,
    which means that one might end up paying for gold
    which is not actually there and it is
  • imperative to keep this in mind while purchasing
    studded jewellery.
  • Buy Back Most jewellers offer the option of
    buy back, wherein
  • one can exchange their old jewellery set for a
    new one.
  • While designs and trends can change, the value of
    gold remains
  • same and discussing buy backs during a purchase
    could benefit
  • one in the future, if they ever get bored of
    their jewellery.

5
What precautions should be taken while buying
Gold jewelry?
  • Jewellery store Purchasing gold jewellery from
    small stores could be a risk as they might pass
    of impure gold as pure gold or could sell stolen
    gold artefacts. It pays to go to a reputed
    jeweller to purchase gold as there is a guarantee
    about such purchases.
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