BUYING JEWELLERY SMARTLY

Gold and diamond ring

Classic jewellery, be it any form, never goes out of style. The more you invest in jewellery, the better it is. But when you are out in the market, shopping for a piece of jewellery, it’s important to compare quality, price and service from several different retailers. It is imperative to keep a few pointers in mind when buying jewellery especially for weddings or gifting purposes.

THE MAKING CHARGES

When you gold jewellery which is customised, there is a certain amount included in the overall bill, which is termed as making charges. Making charges are nothing but the amount you pay for the labour which is involved in making that piece of jewellery. Making charges are always calculated based on the actual price of gold. So, higher the price of gold, higher would be the making charges.

Having mentioned that, you need to understand that every ornament will have different making charges. Bangles and chains usually have very low making charges. This is because most of the designs on chains and bangles are mass produced and machine-made and are comparatively cheaper than a piece with intricate design.

CHECK FOR HALLMARK

The price of the piece of jewellery is always directly linked to its purity. According to the ministry of consumer affairs, hallmarking is the official recording of the proportionate content of precious metal in gold. Hence, before you buy any jewellery, you should always check the hallmark and the number corresponding to the purity of gold.

DO NOT BUY JEWELLERY WITH STONES

Jewellery studded with precious or semi-precious stones is always prettier to look at but you need to keep in mind that it will be more expensive. When you buy jewellery encrusted with stones, it is weighed along with the stone and is priced accordingly. Also, it is very difficult to check the purity of stones, especially semi-precious ones, unlike that of gold.

PRICING OF GOLD

As mentioned earlier, the price of gold is determined by the purity of gold. Gold prices are bound to change every day based on the market rate. Before buying or investing in expensive gold jewellery, make sure to do a quick-check on the day’s rate to avoid any kind of fraud.

BUY BACK OFFERS

A lot of branded stores across the country have buy back offers for jewellery but not all offers are the same. Check with your jeweller before you avail that offer.

If you keep these pointers in mind, you will definitely be making a smart buy this festive season.

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