Karat, denoted by a number followed by “k”, indicates purity, or how much of the metal in a piece of jewelry is gold. Gold karat is expressed in 24ths, making 24k gold the highest karat gold. It has a rich and luxurious gold-yellow color, but unlike 14k or 18k gold, it’s far...
Gold jewelry is usually not made of pure gold, as this metal is too soft and any items made of it would bend easily. Instead, it is mixed with other metals, such as zinc and copper, and the resulting alloy is harder and more suitable for making jewelry. Karat is the most widely used...
Palladium isa precious metalthat is more valuable than gold, and its price has skyrocketed over the last couple of years. In 2018, it was worth nearly $1,000 an ounce. Now, a single ounce is worth nearly $3,000. But as its value has risen, devices that use palladium have become magn...
Used jewelry has become big business for jewelers and other small businesses, especially since the price of gold passed $1,000 per ounce several years ago. Interpreting the tiny marks stamped on jewelry helps to establish its value. Stamps may specify the metals used to make the jewelry and ...
How much a 14K gold necklace is worth varies. Like other gold alloys, 14-karat gold has scrap value as a precious metal. The price per ounce of gold varies over time, and the thickness and length of your necklace will determine how much you can expect to be paid for it. Your necklace...