Buying gold jewellery is considered not just a nice thing to do for yourself, because of its value, it’s also an investment. Whether you’re buying a gift for someone, or treating yourself, it’s nice to buy something that you know will always have value. Not to mention, gold jewellery is also really beautiful. But with those advantages come a fair amount of risks for the first-time buyer. Gold, like many precious metals, is very often imitated, and as a buyer that exposes you to a great amount of financial risk if you end up buying a fake. Just like with fur coats, counterfeiters have become experts at faking gold jewellery, and many buyers have been duped in the process. In fact, according to Groundswell, counterfeit products make up as much as 8% of the world’s trade. So if you’re trying to make your first gold purchase, how do you make sure you buy the genuine article and not a dud? Here are some tips on buying precious metal jewellery, and testing authenticity so that your hard-earned money doesn’t go down the drain.
Look For the Hallmark
The hallmark is a marking that tells you the percentage of gold in the piece of jewellery, and it’s a sign that you’re dealing with a real gold item. Look in the clasp area of the necklace or the inside of a ring; the number will be anything from 1 to 999 or 0K to 24K. Do bear in mind that if you’re dealing with older pieces you might not be able to see the hallmark, so you’ll have to look for another identifier. Speaking of markings, labels like GP, GF, and GEP, tells you that the item is only gold-plated and not genuine gold. You might also need a magnifier so that you can see the markings clearly.
Buy From a Reputable Source
Where you buy your jewellery has a very large bearing on the quality you get. If you get your jewellery from a trusted source, they’ll have a track record, a good footprint in the market, and you can easily track where the products come from. It might sound like it’s a good idea to try and cut corners by going discount, you’ll regret it if it’s stolen or fake. Reputable sources also protect you in the event of something going wrong. With stores like https://goldurban.com/, you know that you’ll be getting something you won’t regret buying, and the pieces are beautiful too.
Inspect the Piece
Very often gold-plated jewellery is passed off as gold, so you should also closely inspect the pieces before you buy anything. If a piece of jewellery is getting discoloured in some areas, that should tell you that the gold layer is wearing off and that is a dead giveaway of gold-plated jewellery, not actual gold. You can also spot fake gold when you wear it for an extended amount of time. If it’s real gold it won’t discolour your skin but if you notice discoloured areas on your skin you’re dealing with a fake.
Test With a Magnet
Gold is not a magnetic metal, and there’s an easy trick you can carry out before you buy your jewellery. If you’re buying from a local place, you can actually go there with a magnet and check if it will be attracted to the gold in question. For this to work, you will need to get a stronger magnet than the one you put on your fridge. You can get a strong magnet from a hardware store to carry out this test. Most reputable sellers won’t have a problem with you testing this out, so also watch out for people who don’t want you to carry out any checks.
Quality jewellery is a purchase that will stand the test of time. You can keep it forever, and even pass it down to your children. This is only possible however if you buy the real thing. Nowadays, it’s so easy to buy the wrong thing because of how smart counterfeiters have become. So if you’re planning on buying gold jewellery, be sure to do a fair amount of research beforehand, getting clued up on the sellers, and the quality of the gold. All this is necessary to prevent any regret down the line. Many buyers have fallen into the trap of instant gratification, failed to do their due diligence, only to end up getting played. When you have the right information, you will make a purchase you will cherish forever.