Gold necklace, cost? Going down soon?

Question

I want to buy a gold necklace. However, I go to the jewelery store and it's like $1000 for a 14k gold necklace. It's really shiny though, are the $50 ones out there just as shiny? Why are some sold at $50 while others at $1000? How will people distinguish between something that costs real money versus some $50 rip off?

How much can I expect for an 18k Figaro gold necklace? 14k Figaro gold necklace? 18k means it's more pure gold and lighter right? Why is it that a gold watch from Rolex will cost you $30k while a gold necklace will only cost like $3000?

Anyway, would $1000-$3000 for a 14k Figaro gold necklace be a fair price? That's the price they're selling at, not the "estimated retail price" where they mark it up. I couldn't find 18k, but I'm interested in prices for that. Also, do prices go down during Xmas shopping season? If so, how much of a discount can I expect or should I just buy a necklace now?I'm wondering in the event that the price of gold might affect price/discount

Also, what's better? White gold or yellow gold? These are still real gold right?

Also, why are the prices on Amazon for Figaro gold necklaces so low? Like below $500, should I buy at Amazon instead of a jewelry store? Or is there some kind of catch to the ones listed on Amazon because these are really cheap...

Answer 1

I would give you a few pointers:
1. If you want value for money- dont buy anything below 22K Gold. less than that - would not have a value if you want to sell it off later. And so its called - Real gold..
2. Ensure that when you buy gold you get a certificate- Gold
. card witht he purchase which makes sure that its pure and that you can sell it anywhere in the world. It also certifies that you'd get a good price for it.
3. If your concern is gold with a good design - only then buy gold from a good designer boutique. Otherwise you might be spending a lot on the design than the gold.
4. to be able to check that what you spent is real gold you could cross check with a goldsmith once u have selected. check the reputation of the shop where you buy from.


5. If you arent keen on buying 22+K gold then you should go to any good designer necklace boutique and pick up a good design. But make sure you dont spend a lot more than its (gold) actually worth.

So its first that you need to determine a budget and decide what you want to buy - a good design or real gold.

Gold prices fluctuate - you cant know beforehand if it going to go down. And as of now - its only increasing. I would suggest not to buy real gold online. Its likely to be a cheat whatsoever.
Go to a few gold outlets and check/compare prices before you spend your money on 22K gold....

Add: every piece of jewellery has making charges added to it.
So it goes - Gold price+ making charges + taxes= the price you pay. A shop like Figaro/Rolex could be charging a lot more for the making charges. Thus increases the cost of the necklace even if its just a 14K gold.

Answer 2

First of all, a necklace or jewelry or a Rolex is worth whatever people are willing to pay for it, it has almost nothing to do with the amount of gold.

The price of gold is escalating rapidly, but gold jewelry is usually priced far higher that the price of the amount of gold in it. Gold price right now is $795.50/troy ounce. Tomorrow it will be higher.

pure gold is 24K, but gold is too soft to use for jewelry, so they add stuff to it, thus 18K, 16K, 14K, 12K. It could be gold plated, which looks about the same as pure gold. Caveat Emptor!

Answer 3

14k, 18k you are not paying for gold you pay for brand name if you want to buy real gold jewelery try 24k that's 99.99% pure gold, believe me they do make jewelery out them I have some of them if you are interest check it out on Asia jewelery store you buy real 24k gold they charger a little extra for labor
you can sell them anywhere in the world when you need cash.