Hi OzBargainers.
I want a 24k gold ring for myself to memorise a special day in my life.
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In China, store offers gold rings or jewelry similar to the price of the worth of gold itself.
for example, if the ring is made purely by gold, the gold is worth $300, the ring would be somewhere $350-400 max.
Are there any stores in Sydney you can find offers like that?
Rings are not to be made of 24crt gold
Its far too soft and will look like scratched knocked about rubbish in no time at all
Thats why most gold rings are 9crt to 14crt gold
Its much stronger and withstands knocks and scratches.
See here
https://www.diamonds.pro/education/10k-14k-18k-24k-gold-comp…
PS Dont believe anything you see in China
Most is FAKE FAKE FAKE
Under normal circumstances, I'd be tempted to suggest grabbing a cheap flight to a country with a strong gold culture.
Thailand springs to mind as a nearby country that treats gold almost as a second currency. A lot of Thais use gold as a means of saving, so buying and selling their super-pure gold jewelry is very common place and gold shops are literally on every street in some towns. I have time Thai gold pieces that I picked up on vacation that are amongst my favorites.
It may be worth doing some google searches for aussie jewelers that specialise in certain demographics.
It's worth mentioning that many aussies are not used to seeing pure gold jewelry - there's a glaring difference to the gold jewelry that you'll buy here. Be ready to have people asking about it.
Beware the gold scammers that take you to the upper floors to deal
Very true…
In he tourist traps where it feels like there's a gold shop on every corner… just go where the locals go.
The stores that deal fairly tend to get a lot of business from locals who are constantly buying and selling their gold. It's a shame bullion is such a pain to deal with here, especially during periods like this.
Doubt if anyyone would make 24 carat gold jewellery, be too soft. 22 would be much better.
Okay. Rings don’t make that much difference tho.
But I’d really love some rings for myself
You'll be hard pressed to get jewelry made from actual 24k gold… even the good stuff from gold loving countries tend to be closer to 23k (96.5% pure.)
Just to be clear… 24 carat gold is really, really soft. If you're planning to actually wear the ring and don't wanna be constantly mindful of scrapes and dings, then it may not be a good option.
You cold try a jeweler that does custom work and see what they suggest.
24ct for a ring is a really bad idea.
I have a couple of 22ct (larger, ornate) rings that my dad had custom made some 30+ years go.
They definitely have changed shape over the years so are far too soft.
Suggest sticking to 18-20ct at most for rings.
Feel free to have them made if you so wish, but don't expect them to hold their shape.
Also crafting jewellery is a skill honed over many years. Expecting to pay $50-100 over the price of gold value is downright ridiculous.
If you can afford 24ct gold, then you should also stump up the $ for the time/skill taken to create the item…..
What other OzB members are right, it's not about the prestige for gold content, it's about the strength.
You know how you can bend a paper clip with your fingers? That's malleability and found in pure metals
You know how hard it is to bend some scissors (compared to a paper clip) or a steel rod?
That's because it's an alloy (mixture of two metals, the lattice is disrupted)
It's a physical property of metal. Alloy two metals together and you have strength.
Perhaps consider white gold (gold + platinum) instead.
My wedding ring is 9 karat. Jeweller said It came with a wifetime guarantee.
Comedy gold
Gold is old.
Exactly. My advice is to always buy gold as old as the stars. In fact, the older the better. Steer clear of new gold….
OP if you find a store let me know
I've only managed to find 18K gold at reasonable prices from US online
I don’t think it will be the exact cost of the value of the gold, probably a bit more in Australia. You’ll need to go to a Chinese jeweller most likely. Most Aussie jewellers don’t do much in 24 karat as it’s too soft for functional everyday jewellery and also very gold/yellow in colour, which is not as fashionable at the moment. My in laws got me 24 karat jewellery before my wedding as a tradition. The box says Melewah Jewellery, based in Haymarket.
24 carat gold is too soft for a quality built ring though, i would be careful about that
I had a 24k necklace/pendant, it's so soft I could bend it easily with my fingers, especially if it's warm. Stopped wearing it because I was afraid I might drop and lose it.
24k is good for storage/investment , but not for everyday wear.
All gold jewellery in Australia is over priced, in part due to GST, but mainly huge mark-ups.
Go to the one of the souks in the Middle East and you can buy gold jewellery for the price of spot gold and a making mark-up of around 5%
Try goldsmiths in Chinatown. They might carry a small range.
There are indian and nepalese jewellery shops which might do this.
Have you tried Auburn ? There are almost a dozen jewelers on Auburn road. They all sell 18-24 carat gold everything.
They source their gold from Dubai and India, most pieces are custom and hand made, prices are negotiable and they buy back from you if you want to trade in.
Their store fronts look amazing displaying all the bling.
Arguably the best place to shop for gold in Sydney.
how do I negotiate price with them?..
hmmm
Drop a wad of cash on the counter and 😉 to the owner.
So its really not about the occasion
I want a 24k gold ring for myself to memorise a special day in my life.
A ring (I guess you are referring to a finger ring) made of 24k gold will be far too soft and easily damageable to be of any use.
Perhaps a 24k coin or medal/medallion will be more suitable and equally valuable as "gold bullion".
A medallion will also be less obvious than bullion.
Plenty of places sell gold bullion or pure gold coins.
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