JEWELLERY

 If you buy gold jewellery, you have to contend with also the making charges and establishing its purity may be difficult. Also there are buy-back issues . But if you must buy gold jewellery for a wedding or gifting purposes and high prices are a deterrent—gold is around Rs.30,000 per 10g currently—there are ways through which you can cut costs.

 

When gold is designed for your needs, the finished jewellery comes with also making charges attached to it. Making charges are nothing but the amount that you pay for the labour involved for making a piece of exquisite jewellery.Labour charges are a percentage of the current gold price. This means higher the price of gold, higher would be the making charges. Some jewellers offer fixed making charges on purchase of ornaments in bulk. So, if it’s a family wedding, you may want to buy all the jewellery from a single store and avail the facility of fixed making charges. This is usually beneficial as making charges in percentage terms would keep increasing with every hike in the price of gold. When you buy jewellery studded with precious or semi-precious stones, the jewellery is weighed along with the gold and you are charged accordingly.

The jeweller may give you a break-up of the price of gold and that of the stones used but you will have to take the jeweller’s word for the exact weight of the stones. So if the gold part in a studded jewellery weighs 50%, you have no way to ascertain that and you may end up paying more for the gold part and less for the stones, if they are semi-precious. The opposite can happen if it’s a precious stone that costs more than gold.

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