Gold value
Making charges vs gold value: why your necklace has more than one price
Separate a jewellery receipt, estimated gold content and a buyer's quote with this simple record-keeping checklist.
The receipt tells you what you paid for a finished necklace. An estimate of its gold content answers a different question. Keep both numbers with labels that explain what they represent.
When reviewing a purchase
- Find the metal weight and purity on the invoice.
- Separate listed making charges, stone charges and taxes.
- Keep the total purchase amount as the historical price paid.
- Check what a current per-gram rate represents.
- Keep an estimated metal value separate from a buyer’s written offer.
- Ask a buyer to explain the weight, purity and deductions used in its quote.
Making charges relate to creating the finished piece. Do not assume multiplying weight by a gold rate reproduces the invoice total, especially for a stone-set item.
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