Saturday, February 2, 2008

Trend: Exchange old gold for new

In spite of what the weathermen are predicting for Delhi, gold is kicking the mercury several notches up. And if you are a fashionista who is cringing at the thought of rising gold prices or a jewellery buyer with a imminent marriage in the family. Despair not.

DO what a lot of people are doing. Take your old gold and get new. Sales of scrap gold( as the industry terms gold from old jewellery) is gaining new momentum both because of investors and the wedding season. Investors are cashing in on the rising prices and the wedding season is bringing old gold from the lockers to the counters of jewellers.

What to expect:
1) If your jewellery is hallmarked. You will only pay up making charges for the new jewellery item.
2) If your jewellery is not hallmarked, it is adviced that you go back to the same jeweller you initially bought the jewellery from. This time insist that your newer jewellery items are hallmarked. Any other jeweller will probably subject your jewellery to some kind of assay test to ascertain the purity. The reason is this.

And don't forget to take a look at my previous post on some of the best practises on buy back/exchange you should be looking out for.

Related Posts:
7 Trends in Jewellery Industry for 2008.

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