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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.

Usually talking, jewelries are created from rare and valuable materials. Therefore it is pure that these pieces are normally bought at comparatively extravagant prices. Happily, there exist seasonal auctions which many men and women alike look ahead to. Auctions permit them to buy jewelries and other invaluable products at much reasonably priced prices.

Teenagers have different fashion requirements when it comes to choosing the jewelries they want to wear. These types of jewelries combine the age factor and the funky look. You know teenagers are wearing jewelries just to say that they are "IN" when it comes to fashion. Otherwise, jewelries are not just for girls anymore; hence it is more likely favorite by boys too. In addition to that, jewelries also serve as a remembrance and more likely symbolize teenage love or friendship. In some instances, teens prefer to give jewelries as a sign of proposal to become a boyfriend and the same with being the girl friend.

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