— A.K. Campbell & Sons (@AKCampbellSons) May 27, 2017
In todays post, we’re going to talk about tips for buying gold jewellery so that you know you’re getting the best quality available for your budget and not being taken for a ride.
All jewellers should know this stuff so you’ll know you’re at a professional and transparent jeweller by following these tips…
To see some of our gold jewellery, including, rings, necklaces, bracelets and earrings, head over to the main part of our website for our Kirkcaldy store and we will hopefully see you soon.
How to Buy Jewelry Like a Jeweler
“A hallmark—a stamp of karat weight, of metal type, or of a designer’s signature—is easily faked. And always only buy 18-karat gold or platinum.
Anyone can make a stamp that says Pt (for platinum, stamped on white gold), 18k (stamped on 14-karat gold), or JAR (for the great jeweler Joel A. Rosenthal).
This is very, very easy to do. But you never want to accuse anyone of that—this is the sort of accusation that will make you seem naïve rather than sophisticated.
So if it’s platinum, weigh it in your hand. If there’s a similar piece in white gold, ask to hold it, and weigh that one too. The white gold will be lighter, shinier, and usually a little yellower.
As for hallmarks, if it’s a dealer—of Elizabeth Gage, for example—you needn’t worry. But if it’s a one-of-a-kind piece, like an alleged Louis Comfort Tiffany, Fabergé, or Cartier, be on your guard.
Look at the workmanship very, very carefully under a loupe. If you see imperfections or crudeness, if there is not elaborate attention to tiny details, if there are not unnecessary flourishes—in short, if it doesn’t look like the jeweler was showing off—chances are it is not an original. In any case, ask about “proof of provenance.” That expression alone will carry you a long way. Ask to speak to the owner, and then ask him about the history of the piece.
Where did it come from? What is the paper trail? How is he certain it’s original? And of course remind the seller that you will be checking the authenticity with an independent expert.
See more from the original article here…
Now you know a little about the scams that may be performed, here’s some information on the different purities between the United States and Europe if you’re going on holiday…
How Gold Purity Impacts Value
“Chances are the ring on your finger is marked 18K, 14K, or 10K, with the K standing for karat, the system used to describe the percentage of pure gold an item contains.
The higher the karat number, the higher the percentage of gold in your gold jewelry.
Also, the higher the karat, the more expensive the item.
- 24K gold is pure gold.
- 18K gold contains 18 parts gold and 6 parts of one or more additional metals, making it 75% gold.
- 14K gold contains 14 parts gold and 10 parts of one or more additional metals, making it 58.3% gold.
- 12K gold contains 12 parts gold and 12 parts of one or more additional metals, making it 50% gold.
- 10K gold contains 10 parts gold and 14 parts of one or more additional metals, making it 41.7% gold. 10K gold is the minimum karat that can be called “gold” in the United States.
- 14K is the most commonly sold gold jewelry in the states.
Purchasing jewelry less than 14K won’t hold its value as much overtime. The higher the gold content, the more the gold market will influence the item’s value.
European gold jewelry is marked with numbers that indicate their percentage of gold. Learn about these hallmarks in case you are buying vintage jewelry or gold jewelry outside the States.
- 18K gold is marked 750 to indicate 75% gold
- 14K gold is marked 585 for 58.5%
- 10K gold is marked 417 for 41.7%”
Read more from the original source here…
You will see that, in the UK, there are many pieces of jewellery, no matter what jeweller you go to, that have 9 carat gold.
9 carat gold is 37.5% pure gold in the UK.
Here’s a useful video if you prefer visuals to test from the “Howdini” Youtube Channel.
If you’re going further afield, here’s a few standards from around the world…
Tips for buying gold jewellery
“Pure gold is too soft to use it as jewellery. So it is alloyed with a mixture of metals like silver, copper, nickel, and zinc to give it strength and durability.
Carats Fineness (of 1000) Purity
Comments 24 999 99.9% Pure gold 24 990 99.0% Minimum allowed for pure gold jewellery. Popular in China 22 916 91.6% Popular in India 21 875 87.5% Popular in Middle East 19.2 800 80.0% Standard in Portugal 18 750 75.0% Standard international caratage 14 585 58.5% 583/58.3% in US
Colour – Gold has many variations. In addition to yellow gold, white gold and rose gold are also popular options. You can also find many two-tone styles, if you prefer a mix of colors.
Combining pure gold with other metals creates a new and diverse colour palette. Mixing in white metals, such as palladium or silver in combination, creates white gold, now the overwhelming choice for wedding bands in the US. The inclusion of copper results in the soft pink complexion of rose gold. And gold can now be created in a spectrum of other colours, such as green, purple and even black.”
Read more from the original source here…
That’s it for this article, we hope you got some useful information here so you know you’re getting what you actually paid for.
We hope to see you in our shop on the High Street in Kirkcaldy soon!
If you have an expensive piece of jewellery or are going on holiday, you need to know if your prescious jewellery is insured properly to avoid any problems if anything should
happen to it while you’re away.
This is even against theft if you are leaving it at home…
Insurance for jewellery
Jewellery valuations and appraisals:insure your precious pieces before you leave home to go on holiday
“Jewellery theft is relatively easy: small things slip into a thief’s pocket and many of us, convinced it won’t happen, leave precious things lying around or in obvious places. It can even fall off when we’re out shopping.
Having a piece of beloved jewellery stolen is always horrible. For one reason or another, many people don’t get round to having their jewellery valued, which makes claiming insurance difficult.
In the case of heirlooms, we rarely have the faintest idea what something equally precious might cost today. The value can be surprising so it’s important to have valuations done regularly — a good rule of thumb is every three years.”
Read more from the original source here…
You can get your jewellery appraised in our jewellers in Kirkcaldy, or give us a call and we will be happy to point you in the right direction.
Just ask for Richard or Jackie.
How to insure jewellery
“5 tips to ensure your jewellery is correctly insured
Amit Patel, Director of Croydon based chartered insurance brokers PK Partnership said, “with the majority of banks no longer storing jewellery, people have little option but to keep their items at home but they are not always adequately protected. This is not by any stretch just affecting high net worth individuals.”
9 out of 10 items are underinsured and it is not just the material value of the possessions, many are passed down through generations and hold a huge sentimental value.
1. Ensure that there is adequate safe protection in your home
Safes provide a secure environment within the home for your jewellery, precious metals, sentimental items and money. There are various types and designs of safe, all of which are suitable for different needs. The physical size of a safe does not always relate to the level of protection it can provide. Safes are rated in cash values, which is a method of classifying security safes by their security level. Manufacturers design their safes to meet various levels of security and these are designated by a cash rating from £1,000 up to £150,000. The jewellery rating of a safe can be calculated from its cash rating and indicates the value of jewellery that can be kept in it.
2. Have a professional valuation for all high value items
It is important that regular valuations of jewellery are carried out to ensure that items or collections are not underinsured and we recommend that these items are revalued at least every five years. It is important to remember that items should be valued for insurance purposes and not using auction or probate values.
A professional valuation should include a full description of the item including details of the stones and metals used, the stone’s carat, colour, clarity and cut and details of the settings.
3. Photograph all items of jewellery
4. Avoid wearing an accumulation of high-value pieces in areas or places that you don’t know
5. Turn rings around to conceal diamonds and stones and cover high-value watches with long-sleeved clothing when in busy, public areas.”
Read more from the original post here…
How To: Insure your Fine Art, jewellery & other collectables
“Check your values…
The myth about price
It is often thought that insuring fine art and collections is very expensive. Of course there are factors that influence the rating of a collection; where it is housed, security and fire protections, but the rating will be cheaper than your general household contents. Collections are usually well looked after and are often insured for a specific value making the claim process easier, and so they benefit from a more competitive rate.
Don’t buy insurance ‘online’
Insurance policies purchased ‘online’ from comparison websites often have low single article limits of around £1,000 – £2,500, meaning that anything over that amount must be declared or else it won’t be insured for its correct value. Even then, many online providers won’t insure a painting or jewellery item over £10,000 in value.
Use a specialist broker
A broker has access to a carefully selected panel of insurers that offer specialist cover and high single article limits, often in excess of £15,000 within their home insurance offering. They will talk through the benefits of specialist cover over a standard insurance policy when insuring fine art and collectables. If a painting is partially damaged, the cost to restore the item plus any subsequent depreciation in value of the painting as a result of the damage would be paid for.”
Read more from the original source here
There are a few good brokers you can try with Hiscox being one we would recommend to check out. Just make sure you are happy with the cover you receive.
Do You Need Jewellery Insurance?
“Who needs jewellery insurance?
You don’t have to be a millionaire to need jewellery insurance. Do you have any jewellery items of value, either in terms of money or sentiment? Would you struggle to replace them in case of loss or damage? If you answered yes to both, then you need to consider jewellery insurance.
What about the manufacturer’s guarantee?
A guarantee from your jeweller covers manufacturing defects. It won’t replace jewellery that’s lost, stolen or damaged post-purchase. This is similar to when you buy a car. If the motor fails within warranty, the dealership will replace it. But if your car is stolen or you have an accident, that’s when your car insurance comes in.”
Good jewellery insurance will offer…
✔ Full, worldwide cover
✔ Cover jewellery that’s lost, stolen or damaged
✔ Hassle-free claims
✔ No excess
✔ Protect single items or entire collections
✔ Premiums starting as low as £19.00
✔ Specialist insurance by jewellery experts
✔ Replace or repair jewellery
✔ No worry about home insurance limitations”
Read more from the original source here…
One question you might be asking is if your home insurance policy covers your jewellery…
“Most Home Insurance policies cover the loss or theft of personal items, including jewellery, as standard. But they have claim limits for individual items, as well as total claim limits.
From gold necklaces to silver rings and watches, jewellery can be very valuable and you need to tell your insurer if you think any single item exceeds the policy claim limits.
Most standard home cover policies set single item claim limits that usually range from £1,000 to £2,000.
You can check your claim limits by calling your insurer, which should be able to tell you straight away. They will also be stipulated in your policy documents.
If you have jewellery items that are worth more than the policy claim limits, but haven’t indicated what these items are to your insurer, you’re not going to get the full value or equivalent replacement back if you have to claim for them.
It’s often possible to change the limits, if you think it’s necessary, but your premiums will go up depending on how much you want the limits to rise.
Away from home cover can usually be bought for a small sum as an ‘add on’ to your standard policy, if it doesn’t already include it.
Are matching sets covered?
Many home insurance policies won’t cover, as standard, what are called matching sets. For example, if you lost a ring which you bought as part of a matching set, such as with a necklace and brooch, an insurer would generally only cover the estimated value of the ring rather than replace the whole set.
Earrings are usually the exception; if you lost one, you would receive compensation for replacing the pair.
As with away from home cover, many insurers will provide matching set cover in return for an increase in premiums.
Is it worth claiming?
A great deal of jewellery is, of course, not that expensive, costing just a few pounds, and wouldn’t be worth claiming for if lost. But even if you lose jewellery that cost several hundred pounds, it still might not be worth claiming for, depending on your policy’s ‘excess’.
The excess is the first part of a claim which the claimant is expected to cover. The amount will vary depending on the insurer and your own personal choice when you first took out the insurance. The excess can be as little as £50 for more expensive policies, or as much as £500 for cheaper ones.
If the lost or stolen jewellery is only worth £250 and your excess is £300, it clearly isn’t worth claiming for.
However, you might want to think about reducing your excess, which an insurer will do for a small increase to your premiums.”
Read more from the original source here…
We hope you got a lot of useful information from this and that you can now proper insurance for your prescious jewellery. The valuation of your jewellery is the most important thing to get right.
If you have any questions, or want us to value your jewellery, give us a call on: 01592 264305, ask for Richard or Jackie and we will happily point you in the right direction.
We don’t offer insurance as yet but it is something we are looking at doing if the demand is there.
So, if you’re going away on holiday or have heirlooms, you can now go away with piece of mind.
Have a great day and we hope to see you in store soon!
What’s On In Fife, And Beyond, This Weekend.
Hi and thanks for being here, we hope you’re getting a few ideas for things to do in and around Kirkcaldy, Fife, and further afield.
As usual, we’ll break it down into:
Stuff to do with families, pets, outings, pubs, restaurants, gigs and things we just think look fun.
Dunnikier Country Park Fayre 2017
“Dunnikier Country Park Fayre returns for the 4th year!….
Once Again for TWO Days
Saturday 27th and Sunday 28th May.
Lots of activities on the day – BOUNCY CASTLES, SLIDES, KIDS FUN FAIR RIDES. PONY RIDES & Much much more.
There will also be a range of traders exibiting their products as well
May 27 at 12 PM to May 28 at 4 PM
Dunnikier Way, Kirkcaldy, KY1 3
One of our favourites is the Kirkcaldy to Kinghorn walk along the coastal path. (Takes about an hour and a half or less)
Have to watch out if going the rock route though!!
Just get to Seafield and follow the path right along to Kinghorn, you can’t go wrong!
If you want a drink when you get there, you can head into the Auld Hoose which allow dogs.
Pub of the week
Will take about 18 minutes drive (designated driver!/taxi) Past Mossmoran, and just before Crossgates.
“Visited yesterday with my sister and our cousins to take a drink in the same pub my grandfather drank in 100 years ago! Absolutely brilliant, great beer, fantastic local whisky, owner an absolute star.”
Restaurant of the week
“Sushi was fresh, delicious and beautifully presented! Service nice and helpful! We will definitely visit again! Highly recommended!”
Been here a few times and it is excellent.
219 High Street, Kirkcaldy
The Wedding Present: 30th Anniversary George Best Album Show
Thursday at 7 PM – 10 PM
The Greenside Venue – 1 High Street, KY6 3DA Leslie
More info and for tickets here
Rod Stewart – Tribute Night
The Dean Park Hotel
Cousin Ken’s Nephew’s
“Come along and join in the fun with Cousin Ken’s Nephews. Great band and they know how to give you a good night. Their great song list and great party atmosphere will have you dancing the night away. Join the team at Weavers for a few drinks and a great Saturday night. Invite your friend’s to join the event.”
Weavers Bar & Lounge Kirkcaldy
Bank Holiday Sunday – The Columbos
32 High Street, KY1 1LU Kirkcaldy, Fife
More info here
Something further afield
If you like your craft beer, and can get to Edinburgh this weekend, this one’s for you!
Edinburgh Craft Beer Festival 2017
There you have it for this week, we hope you find something interesting to do here and have a great weekend, here’s hoping for sunshine!
If you’re out and about at the weekend, why not come see us in our shop on Kirkcaldy High Street and we can help you choose a beautiful piece of jewellery to wow on your night out. Visit our Kirkcaldy Jewellers website here: https://www.akcampbell.co.uk/kirkcaldy
Or give Richard or Jackie a call on: 01592 264305 to see what we have in. Hopefully see you soon!
Disclaimer: A K Campbell and Sons are not affiliated with any event or outing we share here, it’s just stuff we think is fun and so, if you have any problems you have to go to the organisers of the event or whatever, not us!
Basically, we’re not being paid by anyone to post for them or making any money from any sales i.e tickets etc. And, if injured, it’s on your own head!
You are legally responsible for yourselves! 🙂
What are you up to this weekend, got anything to add? Comment below!
What’s On In Fife This Weekend? (Tuesday 23rd May 2017) was first published on A.K. Campbell & Sons Blog