Wholesale gold jewelry – It only gets better!
Merchants are into wholesale gold jewelry big time, given the high profit margins they are raking in, as the price of that glowing yellow metal crosses all barriers. Over the years investment in gold has yielded phenomenal returns, and it makes good sense to buy it when you can afford it. You can always redeem it when you need the money, or keep gold jewelry for decades for its antique value. Whether it is for adornment or for investment, gold will never lose its luster.
Wholesale gold jewelry refers to the stocking and distribution for sale, of a large amount of finished products in gold, mainly used as accessories to adorn and decorate. To ensure consistency in quality and purity, there are Government bodies authorized to certify the gold accordingly. In India, the Bureau of Indian Standards (BIS) follows the international criteria fixed at the Vienna Convention (1972) for hallmarking gold. The manufacturer or the supplier of wholesale gold jewelry can apply for a license to get their stock certified by this body. Stringent rules laid down by BIS ensure that the customer gets consistent quality for the price paid for any item of gold jewelry. Retailers like Tanishq source the certified gold and put their own seal of credibility on the piece of jewelry, ensuring a buy back policy where the customer is paid at current gold prices minus nominal making charges. Some manufacturers also follow the quality specifications laid down by the Indian Standards Organization, like adhering to ISO 9001 followed by the year the company was certified.
Gold sold in its purest and most malleable form is referred to as 24 karat gold, and is labeled as 916 gold. The karat (distinct from the carat in diamond jewelry) refers to the measure of gold in the jewelry, and comes with a corresponding number. For example, 12 karat gold refers to 50 percent of gold that is used in the jewelry, with the remaining percentage made up of metals like zinc, copper, or nickel. Wholesale gold jewelry may deal in jewelry of a particular strength which will then be certified as such. Sometimes silver jewelry is plated with gold, so that it works out cheaper and is more amenable to the making of delicate designs. This is evident in filigree and ‘jali’ patterns of jewelry.
Wholesale gold jewelry is fashioned based on the dictates of the market. The most popular pieces of gold jewelry are necklaces ranging from chokers to several strings of different lengths strung together. Beads of gold give way to pendants and coins with gods and goddesses inscribed on it reflecting expert craftsmanship. Sometimes studded with precious stones, the necklaces take on sanctity, protecting the wearer from ill health and bad luck. Idols in temples are adorned with gold tiaras and necklaces. Each geographical region has its particular style and nomenclature. So much so that all one has to do is ask for it, like ‘kashi mala’(gold coins strung together), or ‘satlada’ (seven strings of gold of different lengths), for it to be produced instantly, and recognized easily.
Bangles, bracelets, earrings, and rings are next in the category of most sold items of wholesale gold jewelry. Customised or readymade these come in a variety of thickness and sizes, sometimes inlaid with semi-precious stones or ‘kundan’ work. Gold brooches, tie pins, cufflinks, and customized watch straps, are other accessories that can be made and sold on bulk orders.
Search engines like Google list out a number of sites that maintain a database of manufacturers, exporters, suppliers and retailers of wholesale gold jewelry, which is categorized according to country. Before placing orders, check out the credibility of the site by looking for certification by a recognized body. Go through their product catalogue, and ensure that you only pay for what you have ordered and that other designs are not sold to you. Negotiate for price discounts on upfront payments, if you are sure of the quality of the product. Find out about the shipping policy regarding transfer of a precious commodity and the rules regulating the yellow metal in your country.
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