Fun Facts About Gold

Most people buy gold strictly for investment purposes, or to have for protection against an economy such as ours in case our monetary fiat currency system collapses. But Gold is not all about investing and protection! Believe it or not, there was actually a time when gold was fun to have and even fun to look for! However, government intervened and now it is almost a necessity to protect yourself from inflation and a flat out collapse of our country. That’s why we want to show some of the fun facts about gold! Here are the top ten interesting facts about gold that you probably never knew!

10. Gold is used in window glass and astronaut helmets to reflect infrared rays while allowing sunlight to pass through, and at the same time keeping it cool.

9. Gold is chemically liquified and injected into the muscles of thousands of rheumatoid arthritis victims in the U.S., and it is said that the treatment is successful in seven out of ten cases.

8. In every cubic mile of sea water there is 25 tons of gold! That’s a total of about 10 billion tons of gold in the oceans; however, there’s no known way to economically recover it.

7. Gold can be hammered into sheets so thin that a pile of them an inch high would contain more than 200,000 separate sheets.

6. A single ounce of gold can be drawn into a wire 60 miles long.

5. The largest gold nugget found in the U.S. weighed 195 pounds; it came from California.

4. Gold is so heavy that one cubic foot of it weighs half a ton.

3. A one-ounce gold nugget is more rare to find than a five-carat diamond.

2. All of the gold in the world could be compressed into an 18-yard cube, which is about 1/10 the mass of the Washington Monument.

1. Gold is said to be so rare that the world pours more steel in an hour than it has poured gold since time began.

Real vs. Fake – How to determine if your item is gold or not

All that glitters truly is not gold. The jewelry industry is rife with imposters, from gold-plated sterling silver to under 10k gold masquerading as its more valuable pure 24k cousin. While it’s a bit difficult to verify the authenticity of gold, with a little help and a light touch, you can do your best to find answers.

THE TAG TEST: You may be able to avoid performing a battery of tests on your piece by simply digging out your grandmother’s old magnifying glass. Inspect the piece all over. Keep an eye out for the metal’s karat notation, which may be inscribed somewhere on its surface. Anything 10k or greater is considered real gold. A few words of caution: if you’re dealing with an heirloom, time could easily obscure this tag. Additionally, many counterfeit pieces include this marking so as to improve their masquerade, and some European pieces may carry different markings altogether. It’s a good idea to seek the advice of a jeweler or appraiser.

THE BLEMISH TEST: While you’ve got your magnifying glass out, take another look over the piece, this time keeping an eye out for any kind of discoloration in areas receiving the most friction, that is, the parts of the piece in most frequent contact with your skin (for a ring, this would be the inside surface and edges).  Look for any sort of green or black discoloration. If it appears the surface of the gold is rubbing off to reveal a different metal below, your piece is probably merely gold-plated. Make sure to pay extra attention to clasps and edges.

THE BITE TEST: This one’s a bit old-fashioned. Follow in the footsteps of old-time gold diggers and Olympic champions and bite down on the piece in question. Real gold should be ductile enough for your teeth to leave behind impressions in its surface. The deeper the marks, the purer the gold. However, this test isn’t usually recommended, unless you’re in the market for a dented piece of fine jewelry or a broken tooth.

THE MAGNET TEST: For this test, you’ll need a reasonably strong magnet, anything from something industrial purchased at a hardware store to the latch on your favorite purse. If your piece is at all attracted to the magnet, if it’s drawn towards it or if it sticks to its surface, it’s a fake. Gold is not a magnetic metal, and the presence of a magnet should have no effect on it. However, gold can be faked with other nonmagnetic metals, so this test can only give you an absolute negative.

There are two additional tests you can employ, but it involves measuring density, or the application of nitric acid which we feel falls into the “don’t try this at home” category. While nitric acid kits are available on Amazon for home use, they can be dangerous and why risk damaging your jewelry?

As you can see, testing gold for its authenticity can be difficult and inconclusive. If you find yourself stuck, or not wanting to go borrow your son’s calculator, take your piece to an appraiser or trusted jeweler. Or better yet, contact us, we’d be happy to help.

The Perfect Proposal

You’ve found the right person. You’ve found the right ring. Now you have to find the right moment to pop the question. So how do you make your proposal turn out flawlessly? We have plenty of tried-and-true tips to help you, but overall, it all comes down to just one thing: effort. Putting in real effort, thought and love into your proposal makes all the difference. Remember, your proposal doesn’t have to change the world. It just has to show your partner that they mean the world to you.

Here are a few tips that will help you along the way:

Know the Answer. Your proposal should be surprising, but it shouldn’t come directly out of left field. Before you pull a ring out, have a good idea how your partner will respond. “Will you marry me?” shouldn’t be your first discussion on the subject.

Rules of the Engagement (Ring). Here’s where a little bit of effort goes a long way. If you’re still deciding on a diamond engagement ring, consider doing some window-shopping with your partner prior to making a purchase. If you want to keep things more secretive, talk to your partner’s friends and family, or their family jeweler, to get a feel for their taste. Another option is to use a stand-in ring for the proposal. Perhaps you can use their great grandmother’s diamond engagement ring, and then take your partner shopping later. We can tell you everything you need to know about how to buy a diamond.

Peace-of-Mind. Do your homework before buying the engagement ring. Most importantly find a jeweler you trust. Don’t have a jeweler? A GIA-certified jeweler is always ready to help. And, make sure you insure the ring. As soon as you get it, you should insure it. Your jeweler will be able to discuss this with you, or you may be able to insure it for an additional cost under your homeowner’s or tenants insurance policy.

Ask Permission, Not Forgiveness. Before you take a knee, take the time to speak with your partner’s father first. Asking permission is a tradition that we’ve carried since the Roman times, and it’s a great way to make a good impression on your future in-laws.

Be Creative. This is your chance to shine. You may get some inspiration from  movie proposals! You could also use modern technology for a Twitter proposal.

No matter what you do, just put your heart into it. Here are a few ideas to get your started:

Location, Location, Location. Propose via video or in person from an extreme location – atop a mountain, while skydiving, or on the shores of a romantic and faraway beach.

Traditional. In an intimate setting, preferably one with family and friends waiting nearby, drop to one knee and let your heart do the talking.

Spread the News. Your fiancé will most likely handle this for you, but make sure to share the big news with people you know. You might also consider sending out an engagement announcement.

Celebrate. You did it! Consider toasting your engagement with a night on the town, a glass of bubbly or a celebration with friends and family.

 

THE HEALING POWER OF GEMSTONES

According to folklore and stories throughout history, many gemstones are thought to offer mystic healing to its wearer.  So whether shopping for a gift of fine jewelry, or considering a gift for yourself along the way, consider the healing properties of these fine gemstones. Birthday gemstones may not bake your cookies and wrap your gifts for you, but they will make you feel better while doing so.

Gemstone healing powers

Amber Gemstone Amber - Thought to aid memory loss, purify the body, alleviate headaches, and bone and heart problems, Amber is known for its stress relieving and calming properties.
Amethyst Gemstone Amethyst - Aids in the reduction of insomnia, arthritis, pain relief, and circulatory issues. Amethyst is considered the gemstone of meditation, peace, balance, courage, and inner strength.
Aquamarine Gemstone Aquamarine - Aids the liver, throat, stomach, jaw, teeth, eyes, and ears. Aquamarine is also known for releasing fear, calming nerves, and bringing mental clarity.
Citrine Gemstone Citrine - Considered the gemstone to provide greater or increased hearing, Citrine also promotes success, abundance, and clear thinking.
Garnet Gemstone Garnet - Aids blood, heart, and lungs and is known to promote romantic love, passion, sensuality, and intimacy.
Lapis Gemstone Lapis - Thought to aid in the alleviation of insomnia and depression, Lapis is also known for creating openness, truthfulness, and creativity.
Onyx Gemstone Onyx - Associated with the root chakra, Onyx brings spiritual inspiration, and control over emotions.
Pearl Gemstone Pearl - Known for its calming properties, the Pearl is said to aid purity, charity, integrity, truth, and loyalty in its wearer.
Peridot Gemstone Peridot - Healing stress in relationships, lessening anger and jealousy, and slowing aging, the Peridot promotes abundance and prosperity.
Ruby Gemstone Ruby - Aiding the emotions is the Ruby’s calling card. Also known to increase integrity, devotion, and happiness.
Sapphire Gemstone Sapphire - The gemstone of creative expression and inner peace and meditation, the Sapphire also aids in personal expression and the alleviation of pain.
Topaz Gemstone Topaz - One of the most powerful gemstones, Topaz facilitates the balance of emotions and provides protection from greed.
Turquoise Gemstone Turquoise - A gemstone steeped in lore and tradition, Turquoise is a healing and balancing stone.

- See more at: http://www.americangemsociety.org/healing-gemstones#sthash.iWzwqY9O.dpuf

Guide for Buying Used Estate Jewelry

Many people are wondering what are the benefits for buying second hand jewelry and the truth is that the answer is very simple – you will save thousands of dollars when you chose to buy used!

It is a well known fact that most of the gold in use today in jewelry and in investment bullion has been recycled for centuries so in essence, most of the gold jewelry today is being made from recycled gold anyway. Diamond merchants and wholesalers constantly purchase diamonds from second hand dealers and sell them back to big box chains so even the diamond you buy “new” could potentially be “used” and you would never know! Precious metals such as gold, platinum and silver can be polished and restored to a brand new condition with very little effort. Unlike cars or electronics or clothes, gold jewelry does not have mileage, doesn’t become out of fashion or outdated, and doesn’t become obsolete like a TV or a computer. A diamond wedding band or a diamond solitaire ring was popular 100 years ago, still popular today and will most likely be the engagement choice to give for years to come!

Big box retail stores that you will find in the malls pay tens of thousands in rent every month and have probably commissioned employees dying to make a buck from unsuspecting customer. These retailers don’t ever want you to know that the average mark up on gold and diamond jewelry at a big box retail chain is nearly 10x (1000%) the wholesale value! This is how they can get away with having outrageous sales like 70% off ALL THE TIME and still make tonnes of money! Most estate jewelers mark up their inventory by as little as 50%. It makes perfect sense to buy used and she will never know or care where you got that perfect certified diamond!

If you are looking for great deals on estate jewelry, check out our online inventory for great quality, completely refurbished gold and diamond jewelry at unbeatable prices and you won’t be disappointed shopping with us! We are BBB accredited business with over 45 years of experience in jewelry field.

 

10 Tips for Selling Your Gold

This important information for jewellery sellers is brought to you buy the Canadian Jewellers Association and Jewellers Vigilance Canada Inc

1. Find a trusted company. Businesses buying gold in Canada are subject to municipal law. Ask questions like: How long have you been in the gold business? Do you have a business license? You can always check with your City or Town to confirm they are licensed for business.

2. Be an informed seller. As with any transaction ? buying or selling – have a ‘consumer beware’ approach. It’s worth your time to do some homework.

3. Learn the per gram per karat market value and confirm total weight.
Educate yourself on the value of your gold. 24K gold is pure gold and so soft it is rarely used in jewellery. 18K, 14K and 10K refer to the portions (out of 24) of the refined metal that are pure gold. Look for the karat stamp on your jewellery. You should be able to watch your buyer weigh your gold and then confirm total weight. The price offered should be a price per gram for your karat value. If you are unsure of how a price is determined, ask. Remember, gold buyers are in the business to make money and so you should expect a discount to the market price. Consider selling only to buyers who can confirm total weight in grams and a price per gram per karat.

4. Gemstones not included. Most companies only want the gold. You are well within your rights to ask for and keep the stones, or get an additional quote separate from the price for the gold.

5. Heirlooms. Be extra careful with any jewellery passed down from great?grandma. It might be worth more intact as a re?sale than it is for the value in recycled gold.

6. Understand the process. If you have to leave your gold for evaluation make sure you get a detailed receipt. Ask if the company is sending it offsite, and if so, when can they confirm your price.

7. Online companies. Consumers need to be extra cautious with any transaction online and selling your gold is no different. If you are considering selling your gold to an online company, do follow three important rules:
• Call the company and speak to a real person
• Ask the same questions you would if you were in a store
• Use a Canadian company to avoid costs of customs clearance and currency exchange

8. Invited to a “Gold Party”? Find out who is hosting, who will be doing the buying, and their experience in the jewellery business. Know what other companies are paying per gram before you attend.

9. Get a price from more than one company. However you decide to sell, in person, online, at a gold party or even through the mail, always follow the “Get 3 Quotes Rule” before your final sale.

10. Concerns? Jewellers Vigilance Canada can alert you to companies who have a previous record of complaints. Call JVC at 1-800-636-9536 (416-368-4840) or email info@jewellersvigilance.ca if you decide it’s necessary to investigate a possible buyer’s history. JVC can provide the number of complaints received and let you know if they were resolved satisfactorily.

Tips about buying jewelry

If you are planning to buy jewellery, you must have knowledge about different metals which are used to prepare jewellery. You should also have knowledge about the purity of gold and other metals, other metals in fashion and gem stones. Read on to know some tips for buying jewellery.
Women all over the world love to buy jewellery. Jewellery can be made from a variety of materials like gold, silver, platinum and even glass. Then there are precious gems like diamond, pearl and a wide variety of stones. While purchasing jewellery, one can go for the standard designs or the custom-made exclusive varieties that are hugely popular with certain people.
Since jewellery is believed to be a standard statement made by a woman, there are a lot of factors that influence the type of jewellery, one decides to purchase. More so, since very often, it is a serious investment.

Knowledge of Purity of Gold

For many, gold is most preferred option while buying jewellery. There are many reasons behind this aside from gold being a valuable precious metal. Gold is the only metal known that does not tarnish, fade or corrode, it melts at relatively low temperature and is easy to work with. This is also because it is the most common material as well. Designers and jewellery lovers have loved the yellow lustre of this material and the ease with which it can be moulded into a variety of shapes.
Pure gold is generally not used to make jewelleries, and some amount of copper or silver is always mixed with it to enhance its strength and durability. While buying gold jewellery, you need to know that gold is measured in carats and gold which is 100% pure is termed as 24 carat. When the gold is 75% pure, it is known as 18 carat and when it is 58% pure, it is called 14 carat. You can figure out the gold content of any jewellery by dividing the carat value by 24; ex. 10k is 10 ÷ 24 = 0.416 which means that 10 carat gold contains 41.6% pure gold and so on.

Buying Platinum Jewellery

Platinum is also emerging as a popular choice with jewellery lovers. It is quite expensive as it is rarer than gold. It is 35 times rarer in comparison to gold. One can opt for some excellent and exclusive platinum jewellery as there is no chance of your precious set tarnishing or fading with time.

Buying Jewellery according to Outfit

A lot of women prefer exclusive jewellery that can be mixed and matched with their dresses and mood and the occasion. These are mostly non-conventional designs that the wearer can choose according to his or her personality. People generally love them to be exotic, mysterious and highly individualistic. These are actually the tips for buying exclusive jewellery. They must also be a display of extra-ordinary or superior craftsmanship.
The buyer also needs to check that it is not over-priced. You can have your exclusive jewellery styled in contemporary fashion or opt for a period design of your choice. You can have endless choices like – the Asian, Belgian, Edwardian, Georgian, Indian, Italian or Victorian, to name a few.

Knowledge of Precious and Semi-Precious Stones

Buyers are also advised to have a moderate knowledge or precious and semi-precious stones while buying exclusive jewellery. Diamonds are a girl’s best friend as we all know, and you can read my detail report as to how to pick the right diamond for you in one of my previous posts. Among other interesting stones is amber, it is obtained from the sticky resins that come from the age-old pine trees. Emerald is a green gem-stone and is basically a mineral deposit. Jade is believed to be the hardest of gems and can be carved in variety of shapes and is of two types, Jadeite and Nephrite. Onyx is often black and Lapis Lazuli is usually blue. Pearls can come from the freshwater oysters, or be cultured. You need to learn the difference between the two. Almost 95% of the pearls that are currently available in the market are of the cultured variety.

I hope this article makes you a more knowledgeable jewellery shopper because as we all know knowledge is power!!!
If you would like to know more about a particular stone or have any other questions, please don’t be shy and post a comment and we will be happy to help.

The 4 C’s of Diamonds

To establish a diamond’s quality, jewelers examine each of the 4 Cs – cut, clarity,color and carat weight. The combination of the 4 Cs determines the value of a particular diamond.

The Diamond’s Cut:
First, don’t confuse diamond “cut” with “shape.” Shape refers to the general outward appearance of the diamond, (such as round, emerald, or pear). When a diamond jeweler says “cut,” that’s a reference to the diamond’s reflective qualities, not the shape.
Diamond cut is perhaps the most important of the four Cs, so it is important to understand how this quality affects the properties and values of a diamond. When we talk about Cut as a value factor, we’re also talking about the proportions, symmetry and finish of a diamond. A good cut gives a diamond its brilliance, which is that brightness that seems to come from the very heart of a diamond. The angles and finish of any diamond are what determine its ability to handle light, which leads to brilliance.

The Diamond’s Clarity:
When we speak of a diamond’s clarity, we are referring to the presence of identifying characteristics on and within the stone. While most of these characteristics are inherent qualities of the rough diamond and have been present since the earliest stages of the crystal’s growth below ground, a few are actually a result of the harsh stress that a diamond undergoes during the cutting process itself.
If you think about the incredible amount of pressure it takes to create a diamond, it’s no surprise that many diamonds have inclusions on the inside (clouds, feathers, included crystals) or surface blemishes (scratches, polish lines, extra facet). Diamonds with no or few inclusions and blemishes are more highly valued than those with less clarity, not just because they are more pleasing to the eye, but also because they are rarer.
Diamonds are graded for clarity under 10x loupe magnification. Grades range from Flawless, diamonds which are completely free of blemishes and inclusions even under 10x magnification, to Included 3, diamonds which possess large, heavy blemishes and inclusions that are visible to the naked eye.

The Diamond’s Color:
When jewelers speak of a diamond’s color, they are usually referring to the presence or absence of color in white diamonds. Color is a result of the composition of the diamond, and it never changes over time.
Because a colorless diamond, like a clear window, allows more light to pass through it than a colored diamond, colorless diamonds emit more sparkle and fire. The formation process of a diamond ensures that only a few, rare diamonds are truly colorless. Thus the whiter a diamond’s color, the greater its value.
NOTE: Fancy color diamonds do not follow this rule. These diamonds, which are very rare and very expensive, can be any color from blue to green to bright yellow. They are actually more valuable for their color.
To grade ‘whiteness’ or colorlessness, most jewelers refer to GIA’s professional color scale that begins with the highest rating of D for colorless, and travels down the alphabet to grade stones with traces of very faint or light yellowish or brownish color. The color scale continues all the way to Z.
Diamonds graded D through F are naturally the most valuable and desirable because of their rarity. Such diamonds are a treat for the eyes of anyone. But you can still obtain very attractive diamonds that are graded slightly less than colorless. And diamonds graded G through J show virtually no color that is visible to the untrained eye.

The Diamond’s Carat:
A carat is a unit of measurement, it’s the unit used to weigh a diamond. One carat is equal to 200 milligrams, or 0.2 grams. The word “carat” is taken from the carob seeds that people once used in ancient times to balance scales. So uniform in shape and weight are these little seeds that even today’s sophisticated instruments cannot detect more than three one-thousandths of a difference between them.
NOTE: Don’t confuse “carat weight” with “karat,” the method of determining the purity of gold. The process that forms a diamond happens only in very rare circumstances, and typically the natural materials required are found only in small amounts. That means that larger diamonds are uncovered less often than smaller ones. Thus, large diamonds are rare and have a greater value per carat. For that reason, the price of a diamond rises exponentionaly to its size.

Tips for selling gold jewelry

Selling Your Gold Jewelry

As the price of gold gets higher and higher, many people are considering selling gold jewelry for cash. You need to be careful when selling your gold jewelry. Know what you have and know what it is worth before trying to selling if at all possible.

Determining What Type of Gold You Have

First you need to know how much gold is in your jewelry. If you are selling the jewelry for metal value only (which is how most dealers base their pricing), look at the gold marking to determine carat weight. Assuming you bought from an honest dealer, the gold marking will be accurate.

Hopefully your jewelry is marked with something like 10K, 14K or 18K. If the gold marking is followed by GF, the jewelry is gold filled.

If you have gold filled jewelry, generally, it is not worth selling for gold value.

How Much Is Your Gold Worth?

Gold karats are expressed in units of 24ths. Thus, pure gold is 24-karat or 100 percent gold, 18-karat is 75 percent gold, 14-karat is 58.5 percent gold, and so on.

The price of gold is based on a troy ounce which is approximately 31.1 grams. Many kitchen scales will give weight in grams as well as regular ounces.

A formula would then be something like this:

(Grams of gold x % gold) / 31.1 = Troy ounces of Gold

So a 60 gram necklace of 14 Kt gold would be 1.128 troy ounces of gold. (60 x .585)/31.1
You would then look up on the chart how much 1.128 troy ounces of gold is worth.

Alternatively: if you have 1 troy ounce (31.1 grams) of 14K gold and gold is selling for 1000 per troy ounce, the value of the actual gold would be 580. Of course the buyer will want some profit. However, knowing the base value is useful. If you end up needing to sell for the gold content value, we recommend selling at a place that specializes in buying metals.

Helpful Gold Selling Tips

Cash value for gold jewelry is much less than the appraised value unless your appraisal was during a time of much lower gold values. Assume the price offered for your gold jewelry will be much less than you paid for it.
The value of gold fluctuates. Always check the current price before selling. Note the current gold price when given an offer if you don’t plan on selling your gold jewelry the same day.
Know what you are selling first if at all possible.
Comparison shop if you don’t know your dealer. Go to two or more dealers to get quotes. They should be willing to tell you how much they will pay for your piece for free.
If you decide to try selling your jewelry elsewhere (ie: EBay, newspaper, etc), know what estate dealers will pay first so you have a minimum selling price for your jewelry.
If your item is an antique, has precious stones or is designer (such as Tiffany’s), it often worth more than simple gold value.