With the holiday season coming up, we are expecting an increased footfall in our Ontario store in the next few months. This time of the season we always see many more customers coming in to sell gold jewelry, coins, rings and other scrap gold that they have. And why not… selling off unwanted jewelry has always provided an opportunity to people to have instant cash in their hands, while they clear off their storage space for new designs and pieces. While we buy gold in numerous different forms, sometimes there is confusion among our customers about the worth of their jewelry. We always pay for the price of the gold and not the craftsmanship, and it is the amount of gold in the jewelry that creates the confusion.
So we decided to do a post on the difference between carats and karats that could help solve the dilemma that they find themselves in.
The karat dilemma solved
Gold is always measured in karats. Often when you buy gold, your jeweler will tell you that the piece you like is 10 karats, or 14 karats. Don’t get overwhelmed when your jeweler tangents off to speaking a different language altogether. Karat is nothing but a unit that is used to measure the purity of gold. Sometimes people confuse it with weight of gold.
Gold is a soft metal that cannot alone be moulded into any shape. It is too malleable and would break. It always has to be mixed with some kind of alloy to give it strength. When it is mixed with another metal, the purity of gold is altered, making it important to know the purity of the altered metal.
Consider this. The purity is mentioned in 24 parts of the whole. Each part is a karat. The number of parts of gold in your jewelry makes up the karat. If there were 14 parts gold and 10 parts of another metal, you jewelry would be considered to have a purity of 14 karats. Similarly, if there were 18 parts of gold, your accessory would be of 18 karats.
Some countries consider only 18 karats and 22 karats to be valuable, while not too much value is attached to lower purity jewelry. But in Canada, any purity is valuable, as long as there is gold in it. We accept all karat measurements, and pay for the gold in your jewelry. Look for the stamp on your gold jewelry. It almost always will mention the karat value.
What if it isn’t mentioned?
If the karat value is not mentioned on your jewelry, you can always take it to a jeweler or come to us to get your valuables measured. We have a proper system in place to measure the value of your gold, and give you an honest estimate.
Expert tip: Just so you can be sure, get your jewelry checked by more than one jeweler. Even if one gives you an improper estimate, a second opinion could clear the confusion. There is strength in numbers.
Don’t confuse Karat with Carats. The latter is a unit of weight that jeweler over the world uniformly to measure the value diamonds and other gemstones.
We will talk about Carats in our next post. Till then do let us know your views and share your jeweler experiences with us.