Thursday, October 15, 2009

What to look for in gold and diamond buy

What to look for in gold and diamond buy001

With gold prices touching an all-time high and diamonds losing its value in the past six months, customers find the latter affordable this festive season.
The jewellery-buying spree, which commences during Navratri, reaches a crescendo on Dhanteras — the day traditionally considered auspicious for purchasing gold. Unlike past year, when buying activity was subdued, owing to the global downturn, jewellery houses are expecting robust sales this time around.
However, jewellers feel that this year diamonds are eclipsing the yellow metal’s popularity, owing to the record-high gold rates.

But before buying diamond and gold this festive season, keep following points in mind.

What to look for in gold buy

What to look for in gold buy001

Ensure that the gold you are buying is hallmarked and comes with a certification of purity.

What to look for in gold buy002

Look for a jeweller who offers a buyback guarantee.

What to look for in gold buy003

Compare the making charges and gold rate charged.

What to look for in diamond buy

What to look for in diamond buy001

Evaluate the diamond on the basis of the 4Cs — cut, colour, carat and clarity. Quality and price vary as per these parameters. In terms of clarity, VVS (very very slight inclusions) is the best grade. The cost difference between VVS and slightly included category (SI) diamonds is around 25%.

What to look for in diamond buy002

Enquire about the buyback policy of the jewellery store.

What to look for in diamond buy003

Insist on a certificate from other stores authenticating the diamond’s 4Cs the whole thing can be moved as lead3 at 12 and homeblock can become auto or IT.

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