Wholesale 14kt Gold

What is a Pennyweight of Gold? What is a Gram of Gold?

These are the most frequently asked questions we receive at GoldFellow. It’s problematic for everyone as it doesn’t relate to any measurement we currently use in our daily life. Pennyweights, however are still commonly used in the U.S. jewelry industry but we prefer to use the more accurate and globally recognized Grams (metric) as our unit of measure.

There are 20 pennyweights also referred to as DWT in an ounce. There are also 31.1 grams in an ounce. As we are talking about precious metals I’ll use gold in my example throughout this post.

Many of our customers are weighing their valuables on home kitchen or postal scales of either mechanical or digital make. Most measure in grams and ounces, particularly when weighing food. The grams shown on your scale are not the same as the grams used in gold! You are measuring on a device that uses 28 grams per ounce while gold is measured in troy ounces. There are 31.1 grams per Troy ounce. The simplest way to use your home scale is to multiply the number showing as ounces by 20. That’s it. If your scale shows 3.5 oz you have approximately 70 pennyweight. 1.5oz is about 30 pennyweight and so on. (Same for silver and platinum)

Ok, now for measuring your gold in grams. The scale shows 3.5 ounces. Multiply by 31.1 and it comes to 108.85 grams of gold. If it’s 1.5 oz x 31.1=46.65 grams.

Lastly, if you would like to know a price per gram, follow this formula. $20 per pennyweight is$12.86 per gram. To convert simply divide $20 by 1.555=$12.86. Try $18 dwt divided by 1.555 and you get $11.58 gram.

A useful site to check out for conversions is http://www.metric-conversions.org/weight/grams-to-pennyweights.htm

Hope this is helpful!

Michael Gusky aka Mr. GoldFellow

About Us

As the founder of the largest wholesale gold jewelry manufacturer in the United States, I built a reputation upon doing business ethically. My company supplied gold jewelry to the most respected jewelry stores, department stores, discount big box retailers and TV shopping networks in America. Though I sold my company to Warren Buffet’s Berkshire-Hathaway in 2007, my reputation in the jewelry industry remains impeccable.

Our founders began selling gold jewelry to America’s leading jewelry retailers in 1977, ultimately becoming the largest manufacturer and distributor of gold jewelry in the United States. During 30 years of working in the gold jewelry industry, GoldFellow’s™ founders sold and distributed over 50 million pieces of 10kt, 14kt and 18kt gold jewelry such as chains, bracelets, necklaces, rings, earrings and more. That’s over 300 tons of GOLD!

Over the course of time, many of these jewelry items ended up in drawers, locked away for safe keeping or at the bottom of your jewelry box.

These gold items are made from precious metal, and with gold prices at an all time high, have significant value when sold to the right company. GoldFellow™ is that company. GoldFellow™ was started with the goal of providing consumers a trusted, safe and convenient way to sell their unwanted gold, platinum and silver jewelry for cash. We now offer our 30 years of expertise to you. GoldFellow’s™ mission is to pay you top dollar for your gold, platinum and silver.

Gold Jewelry Wholesale Insider Secrets – Avoiding Pitfalls

Buying gold jewelry for your store can be a complicated business. It is important for you to do your research so that you can avoid the traps that await you as a wholesale gold jewelry buyer. It is to your advantage to take the time effort to know what your customers want and compare the different price points being offered.

Start by making a customer profile: what type of designs, styles and price points they prefer. It is wise to keep the current popular trends in mind when you are buying your inventory, this can help you to attract new customers as well as give your current customers new gold jewelry designs to consider. If you are new to the gold jewelry business, and do not have an established clientele, you can begin with a combination of classic and contemporary designs for broad market appeal. Selecting yellow, rose or white gold jewelry in 18kt, 14kt and 10kt grades will give you a range of sales opportunities.

In your pursuit, you will no doubt come across a gold jewelry vendor who uses the strategy of “wholesale to public”. This may sound tempting, but according to the Lanham Act, in the section that deals with federal trademark/unfair competition rules, those who make these types of claims by stating a false or misleading description of fact as to the origin of there goods can be held liable in a civil action.

In addition, gold jewelry vendors should be aware of the FTC Guideline that clearly states: “retailers should not advertise a retail price as a ‘wholesale’ price. In other words, they should not represent that they are selling at ‘factory’ prices when they are not selling at the prices paid by those purchasing directly from the manufacturer.”

Dealing with unethical vendors can also damage the reputation of your business, because you may sacrifice quality for a low price. But your customers rely on your judgments when making the selections that they eventually purchase and once a complaint of substandard goods from a dissatisfied customer is made, it can be very difficult to re-establish their trust.

By definition, a wholesaler is a person who deals directly with the manufacturer. This assures you of quality; you will be able to get the information and support your need because they are in constant contact with the gold jewelry source. A reputable gold jewelry wholesale business also has a reputation to protect and will work with you until you are satisfied. When your select your gold jewelry wisely from a reputable source, it is easier to set your price point reasonably. Using this practice can win over the most skeptical customers, even those who may feel that retail gold jewelry is overpriced.

Another point to remember is that your main competition for the gold jewelry customer can be found in abundance on the Internet. When a customer enters your store it offers you the opportunity to make their real-world buying experience unique, satisfying and rewarding in a way that the Internet cannot offer.

Silver Jewellery & Gold Jewellery ! Perfect Metal for Jewellery manufacturing process

When we tell in span for Silver Jewellery now existence it is segmented in three print of Jewellery. First is true 925 silver Jewellery of 925 authentic silver Jewellery because only grain, hammered and other property has been given to make earrings. From centuries this form keep altering. Nevertheless the important thought is same. And the same use for Gold Jewellery. Now time people make designer silver Jewellery like leaf, animal, genuine design on Jewellery.

Second prefigured Silver Jewellery studded with genuine precious and semiprecious gemstones. There is immense font of relaxed stone are existing like claret, citrine , mauve , peridot , iolite , rainbow , labrodorite, cerulean topaz, rose quartz, black onyx and precious sand like rhombus , ruby , emerald, diamond , azure also use. By with these pebbles it work central as form and trendy silver Jewellery . And resulting people also devotion to use them and garb them as birthstone silver Jewellery.

Third shtick in silver Jewellery made with beaker, Swarovski and cubic zirconium. In this it is studded with shingle but they are affordable and best trait looking jewel. For very large production it is worn. They look liked same as natural pebbles. Nevertheless they are very affordable.

When we try to find then we have major production supplier of silver Jewellery opening with Bali silver Jewellery (patent Silver and Turquoise and coral Jewellery ) , Thailand silver Jewellery (evident silver Jewellery ) , Nepal silver Jewellery ( Handmade silver Jewellery ) , Indian silver Jewellery India (basic and gemstone studded silver Jewellery with real, precious and partially precious gemstones from rare ,antique and handmade and handcrafted gauzy real silver Jewellery Major resource is Jaipur, Rajasthan , India ) , Mexican silver Jewellery and Poland silver Jewellery (for Amber silver Jewellery ) and many others.

999 silver is purest form of silver. Sterling silver means 925 % unmixed silver Jewellery which is judge best in Jewellery production. Some and alloy and copper is diverse in 7.5 % to make silver ductile to easy to manufacture Jewellery. In Gold clean form is 24kt and to make Jewellery admired time is 18kt but people also use 14kt gold and 10kt gold. Now a day’s pasty gold ornaments is very popular.

Company: Yiwu Dushang Jewelry Co.,Ltd

Address:    3f,No.13-15,Building 4,A zone,Futian jewelry street,yiwu city,zhejiang,china(322000)

Site:     http://www.jewellerywholesales.com