Gold chains - %50 - whats the go?

[DenZel]

Walking into my usual shopping centres (garden city and carousel)

Iv noticed a shitload of sales coming from most jellewary stores.

Im pretty keen on a fully sick gold chain (necklace or bracelet) but a bit suspect of the shops advertising $10,000 chains dropped to $5000.

Is the markup that high at jellewary stores that they still arent losing out? I heard the markup is massive for the design, not the gold itself.

Or should I just wait a little longer till it gets closer to stock take where they will be even cheaper?

Best place to buy a decent chain? With some decent choices of designs?

[Kaido]

Walking into my usual shopping centres (garden city and carousel)

Iv noticed a shitload of sales coming from most jellewary stores.

Im pretty keen on a fully sick gold chain (necklace or bracelet) but a bit suspect of the shops advertising $10,000 chains dropped to $5000.

Is the markup that high at jellewary stores that they still arent losing out? I heard the markup is massive for the design, not the gold itself.

Or should I just wait a little longer till it gets closer to stock take where they will be even cheaper?

Best place to buy a decent chain? With some decent choices of designs?
market up is huge!

For example at mazzucchelli jewellers 12 carrot gold mens braclet for sale for $1200; Staff price was $400

[shifted]

Mark up is insane. But - the heavier the chain the more gold in it - can someone who works in the industry confirm? A lot are just gold plated?

[Nickevox]

are they full gold or just hollow on the inside?
9ct/18ct etc?

[pgc]

are they full gold or just hollow on the inside?
9ct/18ct etc?

Most are 9ct and hollow - check the weight by holding it. If you've held a lot of gold before, you'll be able to tell.

The richer the colour (more yellow) the more "Indian" gold goes into it. There's gold and there's gold.

Do a bit of research before making the plunge. Otherwise it's just wasted money.

[Torquen]

If you want a necklace that lasts get a lower ct and a solid chain.

[RGVFAST]

Jewellers such as shields and goldmark often sell copper filled chains. I dont know how its even legal, but make sure to ask.

Ebay from an online jeweller in the states is probably the best option(go with a seller with 1000s of good feedback)

[PSI 304]

Like torquen said, go toward a lower carat for something that will last, the higher the carat, the softer the gold. And make sure you get something solid, none of this hollow or copper filled shit. To give you an idea of prices I have a 9ct, 28.1gram solid filed curb bracelet which is currently insured for $2500.

[Jase]

Mark up is massive, stupily high. 50% off RRP in places like Sheila is still sold at about cost +50 or 60%

Make aure you check if its solid, plated, filled or "rolled" gold.

Solid maintains value and will eventually (slowly once you account for retail mark up) appreciate in value or atleast have good resale.

Filled gold will look the part, wear well, and if made well shouldn't react with sweat etc, but resale is poor. Silver filled is the better option, copper filled more common, and sometimes come with 10 yr warranty against discoloration etc

Plated gold don't even bother, you can rub it off.

You can google carats and find the equation on how to figure out what say 9 carat gold is worth... From memory it's at about $20 a gram, once u allow for labour and mark up anywhere from $30 up per gram is normal. More for Italian gold and speccy jewelers cost more again

Get solid if you can afford it
Filled if you can't and you don't mind people asking if it's solid all the time, and resale doesn't bother you

There, answered a question no one asked :)

[wadragracing]

Not to mention jewellers are constantly being taken to task by the ACCC for advertising prices that items were never priced at to begin with ie the $10,000, 50% off you state above, the item was probably never sitting in the window for $10,000.