Jewelry made with 24 karat gold is often thought of as the best quality of gold that you can buy. However, very few people actually own jewelry made of 24K gold because it’s rare for jewelry to be made of solid gold without any other metal alloys mixed in.
Did you know that there’s a good reason many people actually don’t make jewelry out of 24K solid gold? If you watch the video below, you can see that the solid 24K gold jewelry is being bent without much force. This gold jewelry is very easy to manipulate and not very strong. Therefore, as you can imagine, this solid gold jewelry is not very durable.
The gold from the loan collateral featured above is from India. In fact, Indian jewelry is known for using gold with very high purity. In addition, often the gold jewelry you see in the U.S. is 14K gold. This means that the gold jewelry in the U.S. is only about 58 percent gold. The rest of the 14K gold jewelry is actually made up of a combination of other alloys. Did you know that 18K gold is about 75 percent pure gold? Therefore, the higher the gold content, the softer the metal. This means that the lower the gold content, the harder the piece of jewelry. A durable piece is jewelry is sometimes necessary if you plan on wearing it every day.
Do you have 24K gold to sell or use for a loan?
Most people don’t know that 24K gold is made of pure gold and is actually bendable. This is why most rings and wearable jewelry are not made of 24K solid gold. However, when you have pieces with high gold content, they have a more buttery appearance. So although high gold content pieces are more malleable, they are also very beautiful and have that rich buttery-yellow color.
Get started today by filling out Diamond Banc’s risk-free jewelry equity loan form, or stop by one of Diamond Banc’s convenient locations.
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