August 5, 2009

How Much Should I Pay for a Gold Ring?

Posted in Metals, Mountings tagged , , , at 10:05 am by diamonddude1

This question was asked by Lacey and it is not as simple as it seems.

The short and sweet answer would have been that the best value would have been the lowest price per gram for what ever karatage gold you were interested in.

What makes this answer difficult is that value is not just based on weight alone. The design factor has to be taken in account along with the labor cost to make it and the personal aesthetic choices of the person.

Some rings are more intricate in design and takes longer to make. Some are made by machines but it has to be programed, manned and the cost of the machine becomes part of the cost of the product.

One of a kind custom design rings may cost more because of its uniqueness. Designer rings are exclusive designs whose value may be based on the personal appeal of the buyer.

The long answer is that if you take everything in account based on the weight of the ring and its design and your personal appreciation of it, thenThe best value is the one that you feel for what you paid is the one that makes you feel the happiest even if it is not the least expensive one.

Russell Oshita, the diamonddude
The Diamond Specialists Inc.
Diamonds Hawaii

Leave a Comment