For some, purchasing gold jewelry might not be seen as way to invest in the lucrative gold market. The fact remains that jewelry has the value of its gold content built in and when the price of gold rises so does the value of gold jewelry. Jewelry also has the aesthetic or artisan value attached to it as there is time, effort, and creativity required to produce each jewelry design. This is one reason that gold jewelry sells for more than the value of its gold content.
Jewelry is not made of pure gold because pure gold is much to soft. This is logical since jewelry is typically worn and must withstand the rigors of everyday life. The exception to this would be jewelry produced specifically for artistic purposes with no intention of long-term,everyday wear.
For typical gold jewelry pure gold must be combined with other metals to form a gold alloy. This gold alloy is harder and more resistance to gouges and scratches than 24K gold would be. Copper is the most common metal added to create various levels of gold alloys which represent the different levels of gold purity such as 18K or 14K, etc. Other metals combined with gold to produce godl jewelry are aluminum, iron, nickel, palladiumn and zinc. These different metals allows crafstment to create jewelry of different colors such as “white gold” and “rose gold”.
Gold has many uses other than that of making jewelry such as industrial, electrical, and dental. The use of gold for jewelry far outweighs its other uses as jewelry production accounts for roughly over 60 percent of gold usage. It may surprise some to know that the United States is not the biggest consumer of gold, infact it is 3rd after India and China.