The 10-Step Definitive Jewellery Buying Guide
Our expert team has divided this 10 Step guide into 2 parts, the first part is about “Things you should consider before buying gold jewellery.” And the second part covers “The mistakes you should avoid when buying gold jewellery.”
Here are a few things to keep in mind when buying gold jewellery:
- Your budget: Consider your budget when choosing a piece of gold jewellery. Gold jewellery can vary widely in price depending on the purity, weight, and design. Set a budget that works for you and look for jewellery that fits within that budget. Setting a budget when buying gold jewellery is a smart way to ensure that you don’t overspend and stay within your financial means. By determining your budget beforehand, you can narrow down your options and focus on finding a piece of jewellery that fits your budget while still meeting your desired quality and style.
- Your lifestyle: Consider your lifestyle when choosing a piece of gold jewellery. If you have an active lifestyle or work with your hands, you may want to choose a simpler piece that is less likely to get damaged or caught on things.
- The occasion: Think about the occasion you are buying the jewellery for. Is it for everyday wear or a special occasion? Choose a piece that fits the occasion and your personal style.
- Care and maintenance: Gold jewellery requires care and maintenance to keep it looking its best. Make sure you know how to properly care for and clean your gold jewellery to ensure that it stays in good condition.
- Return policy: Before making a purchase, make sure to check the return policy of the jeweller or retailer. If you are not satisfied with the piece you receive, you want to make sure that you can return it for a refund or exchange.
When buying gold jewellery, there are some common mistakes that you should avoid to ensure that you get the best quality piece for your money. Here are some mistakes to watch out for:
- Not doing your research: It’s important to research the current market price of gold and the reputation of the jeweller or retailer before making a purchase. Not doing so could result in overpaying for lower-quality gold or getting scammed by an unscrupulous seller.
- Not checking for hallmarks: Always check for hallmarks on gold jewellery to ensure that it is authentic and of high quality. Without hallmarks, it’s difficult to know if the gold is pure or has been mixed with other metals.
- Not verifying the gold’s purity: Even if a piece of gold jewellery has a hallmark, it’s important to have it tested for purity by an independent third-party laboratory to ensure that it is of the quality you want. Avoiding third-party tests for low-value purchases is absolutely fine, but when it comes to a high-value purchase (for example, a wedding) it’s always safe to consider this option.
- Choosing style over substance: While the design and style of the jewellery are important, don’t choose a piece based solely on its appearance. Make sure that the gold is of high quality and that you are getting the best value for your money.
- Not considering resale value: If you plan to sell the jewellery in the future, consider the resale value when making your purchase. Some styles and designs hold their value better than others, and some jewellers may offer better buyback prices than others.
By following this 10-Step Jewellery Buying Guide and being mindful of the factors discussed, you can make an informed purchase and get the best value for your money.