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Jewelry. Published at Thursday, June 01st 2017, 14:39:28 PM by Kamille.

Aside from the usual birth stone jewelries, you can also opt to buy precious steel such as gold and silver. Although these are expensive when it comes to prices, you can guarantee a sparkling and elegant look wearing these. Gold is said to be the most common type of metals used in making jewelries for all occasions. Its sparkling color perfectly blends with elegant dresses. And because of its significance, many jewelry manufacturers are attract to have it as a business.

For us women, there is nothing more satisfying than to look beautiful in every occasion, parties or weddings. Of course the number one factor that can make you look attractive is the dress that you will able to wear during that time. However, it will not be completed without the shiny and sparkling jewelries that can make you look elegant and awesome. There also classy collection of jewelries meant for important events and occasions. It depends upon your taste and budget.

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If you would like to know how to calculate the metal price and do the math read on, if not skip to next paragraph. The formula used to calculate the price is the metal price(the daily spot price) multiplied by purity(the true noble metal content) times weight(can be in ounces, pennyweights or grams). The purity is the karat of gold or percentage of noble metal (gold, platinum, silver). 24 karat is pure. 10 karat is 10/24 or.410 gold and the balance of weight is the alloys. 14 karat is 14/24 or.583 gold and 18 karat is 18/24 or.750 gold. Platinum most of the time is 90% pure and 10% alloy. Silver jewelry is usually sterling, which is.925 pure. The three units of weight used with precious metals are troy ounces, pennyweights, and grams. The troy ounce is equal to 20 pennyweights (dwt) or 31.15 grams. So here is an example; say the spot price of gold is $300 and a 14K ring weighing 10 grams would work out like this. $300 (spot price) X.583 (the fineness of gold) equals $174.90 per ounce divided by 31.15 (troy ounce to gram) equals $5.63 per gram times our ring of 10 grams equals $56.30. Just remember to subtract some refining cost and profit for the dealer and you can find out the intrinsic metal value for your jewelry.

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