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| UAI |
Showing posts with label PW. Show all posts
Showing posts with label PW. Show all posts
Wednesday, 20 September 2023
Wednesday, 19 April 2023
Gold Pricing:
Most jewellers buy their metal from the well known Cape Precious Metals(CPM). As per the readings for CPM, Gold is $1 988.20 which is R36 268.74.
Then the prices start to vary with the alloys added and the percentage of alloy added to the gold, for instance pure gold(24kt) is R1 167.07 and then the 18kt with alloy added varies from R900-R1000 due to the Yttrium, Rhenium and the common alloy added is Tungsten and palladium. 14kt gold varies from R700-R900 due to the different alloys added to the gold and percentage of palladium added. 9kt are from R400-600 due to the Alloys.
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| Gold Bar |
One Gold bar weighs around 12.4 kilograms which is 400ozt(troy ounce).
The pricing on a gold bar ranges for 1 kilogram is around $64 353 which is R1 168 026.26
Gold:
CPM is the common source of where jewellers buy their metals from. CPM stands for Cape Precious Metals are based in Johannesburg, Durban and Port Elizabeth but the head office is in Servicing Western Cape and Namibia. Gold in jewellery is determined by "Karat" which is the measurement of purity of gold alloyed with other metals. Gold varies in colour as yellow gold(pure gold), White gold(yellow gold with palladium and nickel), Rose Gold(yellow gold with copper).Personally my favourite gold is Rose Gold.
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| Different colour Gold |
The different alloys are defined as 24kt:pure gold with no other metal added, 18kt: contains 75% gold and 25% copper or silver, 14kt: contains 58.3% pure gold and 41.7% copper, 9kt: 37.5% pure gold and 62.5% copper. in the CPM price listing the fine gold are seen with elements(alloy) Y R which is Yttrium and Rhenium, W(%PD) is gold with an alloy of Tungsten and the percentage of Palladium added, W(PD/PT), is gold alloyed with Tungsten and palladium and platinum, W(Ni) is gold alloyed with Tungsten and Nickel. 9Kt gold is seen with Nickel and Nickel free as Nickel is only added to give metals its particular properties, for instance nickel is added to white gold to whiten the gold.
The different types of gold solders found are usually a karat or two lower than the gold pieces being soldered. It also comes in Hard, Medium and Easy solder. In the CPM price list it is seen with the periodic elements indicating those are the elements added to the solder that are EMHEE Y(Easy, Medium, Extra Easy Yttrium), EM Y(Easy, Medium Yttrium), M R(Medium, Repair).
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| Gold Solder |
Cost Defined
Cost Price defines the value that makes it worth it for you to make and for customers to use the product. Price determines the future of the product, acceptability of the product to the customers and return and profitability from the product.
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| Cost/pricing |
Tuesday, 18 April 2023
Redeemable: American Indian
Old Pawn is a term used for American Indian jewellery made by Native Americans and worn by Native Americans, not for public production or the tourist trade. It is extremely rare and valuable to collectors, and can even be used today as pieces are still pawned to brokers.
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| American Indian |
The pieces are usually made from a silver ingot and hand-drawn wire, and the stones are usually not as great of quality as some of the pieces made in the 1940s to today. Examples of the older pieces include horse halter headstalls, bracelets, rings, squash blossom necklaces, Concho belts, leather pouches with silver decorations, tobacco canteens, earrings, and Jacla necklaces.These old pawn pieces were taken to a Trading Post, where the items were pawned for a certain amount of money and then redeemed when the sum was paid back.
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| American Indian Jewellery |
Redeemable: Indian Wedding
Indian gold through the years, gold served as a hedge against inflation and the erosion of major currencies, and thus is an investment well worth considering. No marriage in India is complete without a full jewellery set consisting almost entirely gold jewellery with a smattering of other precious metals that can include silver, platinum and diamonds. Over years, as gold gained momentum as a form of security during financial crises, it found its way into bridal jewellery as well. Chandelier earrings weigh exactly 1/2 ounce and as noted the necklaces, bracelets and earrings of many cultures weigh exactly 1/4, 1/2 or 1 ounce .
Religious connotations of gifting gold to a bride:
Gold is an integral part of every religious ceremony in the country. Aside of festivals such as Akshaya Tritiya and Dhanteras, when gold is purchased in huge quantities, gold holds connotations for every religious ceremony. Apart from being a popular choice for an investment class, gold in India is gifted to brides and groom during their wedding owing to a plethora of socio-economic as well as cultural reasons. The theory is that the wearer would always wear a half an ounce of gold on them, no matter what the circumstances.
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| Indian Wedding Gold Jewellery |
More about Indian Wedding Jewellery.
Pawn Brokers:
Pawn brokers are those who make loans based on the value of items left behind (or promised). Pawn brokers are required to provide a receipt known as a ticket when goods are left with them.
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| More information about pawn brokers |
How much Do Pawn Brokers charge?
People typically pay interest that is far higher than that on an overdraft, credit card, or guarantor loan, but much lower than that of a payday lender. The range of rates is roughly 80% to 200%, while 150% is the average.
How do Pawn Brokers make money?
Personal loans, retail product resale, and additional services like money transfers and cellular activation are how they generate revenue. The main income sources for the typical pawnshop business model are interest loans and earnings from retail sales.
Richest Pawn Broker:
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| Richard Kevin Harrison, North Carolina |
Do you need a license to be a pawn broker?
Procedural knowledge and must have a consumer credit license issued by the Financial Conduct Authority(FCA).
Redeemable: Definition
Redeem can be exchanged for goods or money. It can also be defined of the ability to recover or saved from faults or bad aspects.
Monday, 17 April 2023
Beating Heart Diamond Discovery
-One of the rarest "diamond within a diamond" stones has allegedly been discovered by a company in Surat, India.
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| Beating Heart Diamond |
-The 0.329-carat stone has initially found in the rough in October last year by the diamond manufacturer which appears from Surat and Mumbai and has a business spread globally.
-In a statement, the Indian Government-established Gem & Jewellery Export Promotion Council remarked that the "beating heart" joins an exclusive organization of comparable natural diamonds, including the Matryoksha diamond from Siberia, which was initially discovered in 2019.
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| Matryoksha diamond from Siberia |
-According to reports, the company contacted the worldwide company De Beers, which has its headquartered in the UK, and transported the stone to their university in Maidenhead for additional in-depth research.
-The authenticity of the find was confirmed via further analysis using optical and electron microscopes.
-The rare diamond was found to have "etch features" visible on both the smaller diamond in the inner cavity. Experts say the cavity may have formed due to the preferential etching of an intermediate layer of poor-quality fibrous diamond.
-Mr Clark had added, " A find like this demonstrates why natural diamond formation and origin is such a fascinating area of study and why it is important to strive for enhancement in testing and analysis that can contribute to our knowledge of natural diamond".
Thursday, 13 April 2023
Portable Wealth Draft: Intro and Body
The status of having a plentiful supply of material products and money is referred to as portable wealth. The cost/Price of Materials and Redeemable Investment comprise the two components of Portable Wealth.
Before establishing a value to an item, it is crucial to understand the cost of the ingredients to acquire information about its value. The value that the product has in terms of profitability for you to make and for customers to use is described by the importance of price. Price has an impact on a product's viability, consumer acceptance, and return profitability.
The cost of the materials and labor used to make an item determines its worth in the jewellery sector. The materials, which include the metals and stones utilized, are measured in terms of the metals' ounces, although silver and gold are measured in terms of troy ounces. The difference between an ounce and a troy ounce is that a troy ounce weighs 2.75g more. It is roughly 10% heavier than the measurement standard. A troy ounce weighs 31.1g as opposed to an ounce's 28.35g. Is an ounce of Troy "pure gold"? There are about 32.15 troy ounces and 31.1g of 24kt gold contained in one troy ounce. The usual measure of gold weight is the troy. samples of Germanium, iron, rhenium, and osmium weighing one troy ounce each. The price of gold on March 30, 2023, was $1969.15 (or R35 122.15). The price per troy ounce of silver is R400.24 ($22.44), Palladium ($1484) = R26 955, Platinum(13/04/2023) ($942.71) = R17 123.76 ($942.71), and Rhodium ($7500). Around 20 to 50 percent of the original purchase price is paid for used jewellery. Facebook's market place, Instagram's business account, a website you create for your company, or market exhibits are all places where jewellery can be sold.
Silver is supplied as fine silver or sterling silver, both of which include the same mixture of silver alloys. Copper makes up the remaining 7.5% of 925 silver, which is made up of 92.5% silver. Pure silver is too expensive to be used in jewellery because of its softness. Rings made of 925 silver are particularly prone to tarnishing when not being worn. A new Rhodium plating is required when altering the size of a ring made out of 925 silver. Argentium Silver, a brand of modern, tarnish-resistant silver alloy that contains either 93.5% or 96% silver, is the name given to the current equivalent of sterling silver. Sterling silver is less expensive than pure silver. Pure Silver is worth more money. There are various kinds of silver, Fine silver has a purity of 999,99.9%; the remaining 0.1% is composed of minor trace components. 92.5% sterling silver plus 7.5% copper, Coin silver, also known as Argentium Silver, is an innovative non-tarnish alloy made of 90% silver and 10% copper. Because it does not have the same metal composition as the material, Silver-Filled, a new metal layer that has been added in response to the recent increase in silver prices during the recession, is not an alloy. Silver thin plate layer on the surface that has been plated, Nickel and/or zinc are the main ingredients of nickel silver alloy. Mexican Silver, Silver of far higher quality from Bali, Thailand, or Tibetan Tribal Silver are base metal alloys that are only found in silver and "Tribal" silver from Bali, Thailand. Have lower silver alloys, as defined only by the place of origin.
Thursday, 30 March 2023
Cost/Price of materials: Troy Ounce
Difference between Troy Ounce and Ounce:
One troy ounce contains 2.75g more than a regular one.
Approximately 10% heavier than standard to measure.
Ounce 28.35g, Troy ounce 31.1g.
Troy ounce contains 31.1g of 24kt gold and there is approximately 32.15 troy ounce.
Troy is a traditional unit of gold weight.
One Troy ounce samples of Germanium, iron, rhenium and osmium.
Price: $1 969.15= R35 122.15
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| Troy Ounce of Gold |
$22.44 =R400.24
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| Troy ounce Silver |
Cost/Price of Materials;Pricing
Describe the value that makes the merchandise profitable for you to produce and for customers to use. Price impacts a product's future, consumer acceptance of the product, and return profitability from the product.
Pre-owned jewellery get around 20 to 50% of original purchased price.
Platforms jewellery can be sold on:
-market place on Facebook, online stores via instagram business account or a online website created for your business.
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| Jewellery pieces being labelled a price Image taken for iHeart market |
Research Layout: Portable Wealth draft
The topic of "how to layout our essay" was brought up in class today by lecturer Chris De Beer. Redeemable investment and the prices and value were the options available to us, and we had to choose which would be the best option to begin the essay. As one should first understand the values of the item they are going to be working with, for instance before you can think of trading a jewellery piece, say a gold chain, you have to know the value it holds with the pricing behind that piece before it can become negotiable, I believe it should be the cost/prices of materials and then Redeemable investment.
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| Notes from the lesson(explanation of what is expected) |
Thursday, 23 March 2023
Portable Wealth Draft: Redeemable Investment
Definition of Redeemable: Can be exchanged for goods or money.
Redeemable Investment for Indian Jewellery:
Vintage, high quality, good condition, beautiful and stamped by the manufacturer.
Through the years, gold served as a hedge against inflation and the erosion of major currencies, and thus is an investment well worth considering.
-which jewellery is best for investment in India?
Silver jewellery is the second most popular type in India after gold. It is regarded as one of the most valuable investments. Silver jewellery is commonly worn in daily life by a number of Indian civilizations. Before making an investment in silver jewellery as a long-term, reliable investment, you should always verify its authenticity.
Resale value of jewellery is higher than that bullion because there is a premium attached to the design, workmanship and brand.
Example of Redeemable Investment for Jewellery can be done through the process of pawn brokers.
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| Mindmap: ideas on Redeemable Investment |
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