Sunday, October 11, 2009

weigh the jewelry

weigh the jewelry so you know the gram weight. This way you can price gold more accurately. These are called pocket scales or you can use any kind of scale that calculates gram weight. Let’s say for example the bracelet above weighs 40 grams. You can calculate the weight of the gold in the item by multiplying that by the price per gram. 40 X $17.86 = $714.40. That number represents the actual value of pure gold in your bracelet or the spot value. It’s also probably a lot less than you expected. That’s because when you price gold jewelry much of the time the value of the gold is the only thing taken into account by the buyer.

No comments:

Post a Comment