Gold Jewelry Is the High Cost of Gold Affecting the Designers?
Gold has been pricing out over 580.00 an ounce in recent weeks. Earlier this year the price was 730.00 an ounce. On May 12th, the price reached a 26 year high of 732.00 an ounce. Since then, prices have dropped twenty-two percent which still leaves the price in the 580.00 an ounce range.
Prices for gold jewelry seems to depend more on the design value of the jewelry than the actual amount of gold contained in it. According to the World Gold Council, sales in the United States seem to be rising. The Council believes the US customers buy gold for adornment, not the investment value of the jewelry
Since jewelers place their orders months in advance, it will be interesting to see what merchandise is available for the holiday season. With the fluctuating prices, it will be more difficult for both designers and retailers this year.
The gold in the stores now, was purchased prior to this recent instability of the price. Since gold is at a high now, the gold in our stores for the holiday season will have been purchased at almost all-time high prices when the inventories must be increased for the seasonal sales.
Some retailers, including Blue Nile, an online jeweler, is not totally passing on the higher prices to the consumer. This creates lower profit margins for designers but make gold a better buy for the consumer.
Shop wisely. Check prices. If you can be flexible, your will find exactly what you want at an affordable price. Give the Gift of Gold to your special person
Diamond wedding rings are no longer just for women. Many grooms today choose to purchase a man’s diamond wedding ring to match the bride’s. Still others enjoy the social status that comes with wearing a diamond wedding band. Purchasing a diamond wedding ring means that the groom must consider not only the material and design of the ring, but also the quality of the diamonds.
Although often not considered to be as important as the diamonds in the bride’s engagement and wedding rings, the groom’s diamonds should also be purchased with care. The man should take the same “4 Cs” into consideration: carat weight, clarity, color, and cut.
A carat is exactly 200 milligrams, but very few men’s bands will sport a diamond of this size. Most bands will instead have several smaller diamonds that may of may not equal one full carat. A full carat is also equal to 100 points, so a jeweler may refer to a ring as having several 10 point diamonds (each of which would be equal to one tenth of a carat).
While the clarity of a diamond is often considered the least important of the 4 Cs, it is still a key consideration in your diamond purchase. The clarity of a diamond measures the number and extent of the flaws in the diamond. For the most part, a more valuable diamond will have fewer flaws. It is extremely rare that you will find a completely flawless diamond; only a couple hundred “FL” diamonds are produced a year. Although there are several grading systems used to determine a diamond’s clarity, the Gemological Institute of America’s (GIA) score is by far the most popular. It ranks diamonds as Flawless (FL), Internally Flawless (IF), Very Very Slightly Included (VVS), Very Slightly Included (VS), Slightly Included (SI), and Included (I). (Note: inclusions are slight specks, cracks, or other flaws in a diamond). These ranks are not subjective; the scale has extremely specific criteria that are used to differentiate between the grades.
The color of the stone, referring to how yellow the stone is, can also be graded on a GIA scale. An ideal diamond is completely colorless, being ranked as a D. The alphabetical scale ranks nearly colorless stones as I and J , increasingly yellow beginning with MN, and a Z is a completely yellow stone. The average color for engagement diamonds in the United States is G to H.
The cut of a diamond is possibly the most confusing of the “4 Cs,” since it can refer to the cutting style, the shape of the stone (round, square, heart-shaped, etc), its proportions, or the workmanship and the diamond-cutting process. The brilliant round cut is the most common cut for diamond engagement rings and wedding bands.
Surprising your girlfriend with a beautiful diamond ring is a moment both of you will cherish your entire life. A once in a lifetime occasion, buying a diamond ring should be done carefully as your fiance will wear it everyday, showing it off to her friends and family members, flaunting your love.
The market is flooded with numerous jewelers and shops claiming to sell the most authentic and beautiful diamonds there are. To make the right choice from the plethora of designs and variety can indeed be a confusing task. It would do you good to be aware of some basic tips on buying diamond jewelry before you buy one for your girlfriend. The four cs, color, cut, clarity and carat, are the deciding factors for a diamonds purity and value. This king of gems comes in all colors, with white being the purest and costliest. Although it is the hardest stone available, diamond can be cut in a variety of fancy shapes and sizes. The shape and cut determines the shine of the gem.
One should choose the shape of the diamond according to your girlfriends personality. If she is dainty– buy a small elegant one; tall and well-buily? go for a large squarish rock. The sparkle of the diamond often holds more importance than the rocks size. Clarity of the diamond ensures a dazzling shine every time the light passes through the stone. Carat, or the weight of diamond, also contributes to its price and value in the market.
Educating yourself about the four cs will keep you from buying imitations. Even though it is conventional to spend two months salary on your engagement ring, you can buy synthetic diamonds, which will be easier on your wallet. Synthetic diamond has the same physical properties of a real diamond but is more affordable than the real one. Finally, do ask the jeweler to provide a purity certificate, which will serve as a guarantee and later help in insuring your gems.
When it comes to diamonds, there are numerous scams to avoid. Most scams are minor, but there are some major ones that come up from time to time concerning the buying and selling of diamonds. Scams occur simply because most people who buy diamonds for whatever reasons dont know that much about diamonds. Therefore, they are easily fooled.
Jewelry stores like to show their diamonds in bright lights. Lights make diamonds shine. Ask to see the diamond in a different, darker type of lighting as well. Jewelry also stores often run fluorescence scams to varying degrees. Referring to a diamond as a blue-white diamond is such a scam. A blue-white diamond sounds very unique and special, but in fact, this type of diamond is of lesser quality even though the jeweler will try to make you think you are getting something special.
A common scam that most jewelry stores participate in is the Carat Total Weight scam. The tag on the piece of jewelry, usually a ring, only states the total carat weight of all diamonds in the piece, instead of listing the total weights separately for each diamond. This leads consumers to believe that the main diamond in the piece is actually bigger than it is. Ask what the total carat weight of the center stone is. Also beware of fractions. Jewelry stores are allowed to round off diamond weights. This means that if the jeweler tells you that it is a carat diamond, it is probably between and carat but closer to .
Some truly unscrupulous jewelers target those who want appraisals on diamonds that were given to them as gifts or that were purchased elsewhere. They will try to tell you that the diamond is worthless, or worth less than it actually is worth and offer to take it off your hands or trade it for a much better diamond, along with the cash to make up the difference. This is called low balling. Get a second, third, and even a forth opinion before taking any action.
Jewelry stores often run fluorescence scams to varying degrees. Referring to a diamond as a blue-white diamond is such a scam. A blue-white diamond sounds very unique and special, but in fact, this type of diamond is of lesser quality even though the jeweler will try to make you think you are getting something special. Jewelry stores also like to show their diamonds in bright lights. Lights make diamonds shine. Ask to see the diamond in a different, darker type of lighting as well.
Another common dirty trick is to switch the diamond you have chosen and paid for with one of lesser quality and value when you leave it to be set in a piece of jewelry, or leave a diamond ring to be sized. The only way to avoid this is to do business with one trustworthy jeweler. Avoid jewelers that you have not done business with in the past.
There are many more scams that jewelry stores commonly pull on unsuspecting consumers. Just use your best judgment, and purchase your diamonds with the utmost care and consideration.