Saturday, March 22, 2008

5 ways to save money on new gold/diamond jewellery


I have been wanting to write this post before the recent drop in gold prices but time not permitting, I kept procrastinating till now. With the current gold prices its never too late I guess.

SO here I am aggregating 5 ways to save money if gold purchasing is on the agenda:

1) Stretch the money thin: 1 gm gold ornaments are a hit and available at many stores. Read more on this here and here.

2)14k Gold: Jewellery ornaments made in 14K contain less gold. I mentioned all the virtues of going for low caratage in your jewellery here.

3) Chains minus the weight: You can find a lot of very heavy looking chains which are actually hollow. "A lot of chains are being made hollow and the reduction in weight is compensating for the rise in gold prices," said Roy Lynch, director of Strictly Gold.

4) Join a loyalty program : Retailers(likeTanishq, Kathana) entice consumers with a loyalty program where points accumulates and can be redeemed for various discounts and sometimes with free gold.

5) Exchange Old gold for New: Read my earlier blog post on this here.

Photo Credits: 24thcentury via flickr.com

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