Fashion and Gold

Archive for December, 2010

In today’s gold market, it’s important to know exactly how much gold is worth, whether you are buying or selling. This article will demonstrate how to figure out the value of gold items, from 24k to 8k to everything in between.

(1) First, know the conversion. Gold is typically measured in troy ounces, and: 1 troy ounce = 31.1034768 grams (many simply go with 32 grams)

(2) Next, know the current price of gold, which can easily be found on most stock websites, in the newspaper, or at midwestrefineries.com

(3) Convert the current price of gold to grams. If the current price of gold is approximately 1117 per troy ounce, then: 1117/31.1034768 = 35.91 for 1 gram of 24k
If you choose to use 32 instead of the long decimal, then: 1117/32 = 34.91 (if using this number in the calculations below, simply assume that your gold is worth just a little bit more)

(4) Now you will need to know the different prices of 14k, 10k, and so on. For 14k, simply take 24 and divide it by 14. For 10k, do the same thing, so:
24/14 = 1.71429
24/10 = 2.4

(5)Take these numbers, and divide the price of 1 gram of 24k (in this case, 35.91) by each of them to find the value of 1 gram of 14k and 1 gram of 10k, like this:
35.91/1.71429 = $20.95 for 1 gram 14k
35.91/2.4 = $14.96 for 1 gram 10k
Simply follow the same formula for 12k, 18k, etc.

(6)Weigh any gold that you have to find out its weight in grams (or ounces, if you have that much). Take this number, let’s say 1.8 grams of 14k, and multiply it by the appropriate price for 14k (in this case, 20.95):
1.8 * 20.95 = $37.71
You have $37.71 of gold.

* Note that the price of gold is always changing, so what you calculate one minute is only an approximation. If you intend to sell or buy gold, make sure that your calculation is as up-to-date as possible.
Article Source: http://www.ehow.com/how_6032819_calculate-value-gold-jewelry.html

An increasingly popular of raising some extra money is by selling any old gold or jewellery you might have. Most people have old gold and jewellery gathering dust somewhere at home, so a good way to raise cash for those unexpected bills or treats is to try and get the best possible price for those items.

There are plenty of high street shops that will buy your old gold from you but what do you do if there are no shops near you or, even more likely, the local traders do not offer as good a price as the national companies? The answer is easy. Sell your gold online.

The usual procedure is to visit the companies website and request an information pack. This pack is sent by post and usually contains information on which items are acceptable, their likely value and, importantly, an addressed return envelope for you to send your items back to the company. On receipt, they should send you back a cheque for the value of the goods you sent them.

While usually this is a good way to sell your unwanted gold items, there have been pitfalls, particularly with companies paying well below the agreed price for goods. This can be avoided, and the best price gained for your goods by taking these simple steps. This will ensure that you are paid the true value of your goods.

* Before doing anything make sure the website has a contact number and full address
* Always ring the company to reassure yourself they are legitimate
* Make sure the website has an online gold calculator that you can use to get an idea of the value of your items
* Only deal with companies that send you a fully insured envelope to return your items
* Make sure that the company promises to send out a cheque immediately they receive your items
* The best gold buying companies offer an online tracking facility so you are always aware of just what stage your transaction is at

* Ensure that the price is guaranteed from the moment you request your pack and is not subject to change in between you sending your items and the company receiving them

By following these few simple rules, or rather safeguards, you can sell your gold online safely and securely whilst also receiving the best possible price.
Article Source: http://EzineArticles.com/?expert=Craig_Ellyard

Old jewelry pieces are special accessories that hold precious memories to people and special events. Sometimes, people wont think twice before they sell these prized possessions. Personal attachment is one thing but necessity is another and more important. In times of need, you must choose between what is right and what is needed to make ends meet.

Life is unpredictable and this is one of the factors that make people desperate when living gets hard. Selling old jewelry is not uncommon and many people sell their unwanted jewels in times of great need in order to get by. The only thing that we can do is find a good store that will buy these jems for a good price. Memories hold little value to jewelry stores, therefore only the gem and stone count as the value of the product.

Selling and buying jewelry are two different things. You can not sell old jewelry and expect to get the exact same price as when you bought it. It doesn’t work that way, but you can always find other ways to shorten that gap. Knowing how to effectively sell these accessories can make the difference in earning the most profit or getting nothing at all.

Find a good Appraiser

The prices of jewelry are based on its composition. Gold and diamond accessories are measured in karat and other gems are measured the same ways also. Get an unbiased appraisal from someone that knows the value of your gems. If you can get the general price of each accessory then that would give you an advantage when the time comes for you to sell old jewelry.

Finding A Good Store
Don’t go to a pawnshop and just settle for what they say, instead shop around first. Pawnshops are the worst when it comes to appraisals, especially when you are desperate for cash. Your best option is to go to a jewelry store and have your jewelry professionally checked, since these stores have the equipment to appraise your accessories. This also means that jewelry stores are the ideal place to start when you want to sell your old jewelry.

Online Shops

After checking all the jewelry stores and you’re still not satisfied with their appraisals, then you can also check online shops to buy your jewelry from you. The latest technology has made it possible to sell old jewelry online. Online stores provide people from all over the world the comfort of selling their jewelry with just a few clicks of a button. Finding a good shop can be a hard thing to do sometimes though. The safest way is to check their site for responses and other comments made by people who had previously sold their products to that particular store.

These stores provide a secure package system on where to place your jewelry. The pieces are sent back to them for appraisal and a check will be sent to you after a few days. It is also one of the fastest and effective ways to sell old jewelry.
Article Source: http://EzineArticles.com/?expert=Shane_Hester