Post # 31
i have no idea what you’re saying… i have been purchasing gold all these time. the purchases i made for the past two years and the money i spent for it has already appreciated specially when gold was low for the past 3 years.
i think the problem on pricing is on how the jewelry was purchased. if you purchase it from a highend or designer store, it definitely would be priced for three to four folds its price when the actual gold value is only weighed by the gram because the price of it will include the labor, the store rental, the name, etc. Just as silver sells so expensively when it comes with a designer name i.e. Tiffany&Co., Milor, Flli Menegatti, David Yurman when the actual silver price is only $0.42 per gram for a 925 silver.
We always purchase our jewelries (gold) from pawnshops and jewelries are sold by the gram or could be that it’s only applicable at our end… but as far as i know in the whole of asia, we purchase our gold by the gram and sell it by the gram and we never go below 18K not unless the ring needs to be sturdy enough to hold gemstones. The current buying of gold by the gram is $42.20 for an 18K (selling currently at $31.89/gram) and $58 per gram for a 22K (selling currently at $38.98), last 3 years gold went to a low, but as of the moment, its regaining back its strength and all the former gold jewelry we bought have now appreciated.
The only items that do not appreciate or has very low or slow appreciation is silver, copper, brass, stainless, tungsten and diamond. Diamond specially… the moment that gets out of the store, you’ll hardly get half of what you pay for from it. The only way to get that stone to at least half its price is when you’re getting them from a pawnshop because they’ll take it back for half the price. As for these metals, you’ll hardly find a pawnshop who’ll take or buy back these kinds of metal other than scrap due to the less demand of it. Now, i really hate to say this, but those tungsten carbide band rings are sold in the streets and sidewalks at our end at around $1.20 to $3 more or less a piece and most people go pass it without bothering to look at it… so basically, that warranty replacement doesn’t make sense if they sell it for $150 at your end, since you basically paid for “a lot” of tungsten carbide for that price that enables them to replace it over and over, and just resell the old ones to new buyers since they hardly do scratch.
Post # 32
here i included the graph on how both gold and silver differs by the rate…
now as for Tungsten Carbide, tungsten costs $35 per one kilogram, now imagine how much ring can be made out of a kilogram… my RADO Diastars are made of Tungsten Carbide, it has never changed its color and it’s as sturdy as it is… but even the old ones would only sell to as much as $400 (if there are diamond chips) despite how sturdy it is and being an automatic and with it carrying the name “RADO”, but a pure solid 18K gold rolex which you may have purchased sometime for say $2000, over the years will still hold to at least half or even appreciate its price depending on the current gold rate. Three days back, i saw a Rolex Cellini all solid gold 18K from the 80s selling in one of our pawnshops here…it would most likely be cheaper then and over the years it currently sells at $5189 and the pawnshop will take it at $42.20 per gram and that’s a total of 94.7g of solid gold which would equate to $42.20(gold price)x94.7g(grams)=$3996.34… so basically if that was purchased way back then at around $2000, it has appreciated twice its price and it will continue to appreciate throughout the years, not unless the currency is not based on gold anymore all of a sudden.
Post # 33
This is my FI’s tungsten ring. He’s had it only for 7 months and its holding up really well still. It cost $20 from ebay and it honestly looks really good for the price. The picture I have here isn’t very flattering but here it is anyway.
Post # 34
- Wedding: October 2014 - Our Backyard/Steakhouse
the cost of gold is not equivalent to the resale value of jewelry.
And yes, buying jewelry second hand is the far better option. Precisely because the resale value on jewelry is poor.
Put your money in gold stock or bar, not jewelry of you want it as an investment.
And again, value is not entirely based on monetary terms – which is precisely why jewelry has low resale value. There is an emotional and sentimental component to it as well.
Regardless, thank you for dredging up a dead thread.
Post # 35
let’s put it this way, no matter what emotional value you put into an item, if the metal is junk, it’s going to be a junk. let me correct you, the items you purchase in a pawnshop doesn’t necessarily mean it’s “second hand”, as i mentioned, we purchase gold by the gram here. if you’re basing it on emotions at all, might as well get something of equivalent monetary value.
Post # 36
@jeffersonfaudan The discussion here is about wedding rings, not commodities trading. What does it matter what the resale value is? People don’t plan to sell wedding rings.
Tungsten is cheap to sell, but it’s also cheap to buy.
As for gold etc being the only metal to appreciate over time, take a look at the 30y chart on http://goldprice.org/ It’s only the ‘easy money’ years 2001 to 2013 that it’s always gone up. Pleanty of downfalls. How about the last 3 years, started at $56K/kg down to $39K/kg
And don’t forget about inflation. Hope you didn’t buy gold in 1980, you’d still be waiting to get your money back. http://www.inflationdata.com/inflation/images/charts/Gold/Gold_inflation_chart.htm
Post # 37
$100? I ordered mine through http://www.aliexpress.com/popular/tungsten-rings-for-men.html
i was nervous as I had never ordered through that site, but it’s similar to an amazon. The ring I wanted was tungsten with a carbon fiber inlay…at the jewlery store it was $350, same one at department store $150, Amazon had it for $90, alibaba had the exact same ring for $15. I’m not kidding. I was like this is impossible…but sure enough…ordered it, it is exactly what the site said it was. Tungsten carbide with the grey carbon fiber inlay weave. Love my ring…has held up to severe abuse.
Post # 38
my friend at work had one. To my understanding it survived Afghanistan while he was deployed but. It recently shattered after sustaining a crack. Idk what from, but it looked brand new up until. He has a WG one now that is easily scratched
Post # 39
deleted because this thread is a zombie, lol
Post # 40
+1, I have heard of this happening to other people. Although my husband has worn his band for years & years, they can shatter. Basically I think they’re not bands for super sentimental people. My husband and I would both be sad if his original band shattered, but to us it’s worth the risk to enjoy such a KICK ASS wedding band. 😉
Post # 41
I bought DH several sizes of the same tungsten ring on amazon for $10 each. They look and feel just like the $200 store version, and if he loses one, no big deal. (:
Post # 43
My fiancé got one of those as well as a gold/ palladium ring. We chose the gold ring as his main wedding ring, and then he told our salesperson that he intended to buy a silicon ring to wear at work (he’s a police officer). She showed us the tungsten and explained that it would shatter, but not under a ton of pressure like you said. Actually she said that it could shatter of dropped from a distance or if he hit his hand really hard, thus why she suggested it in case his hand gets stuck or something. However, our jeweler will replace it for $75 for life of it ever breaks or is lost.