Wastage and Making Charges of Gold Jewellery

Making Charges of Gold

The cost of the procedure involved in developing and designing each item of gold jewellery that you purchase is referred to as the making charge. It is nothing but the cost of making jewellery from raw gold. To calculate the making charges, gold's purity plays a key role. If gold is hard and durable, it can be shaped into exquisite designs.

For intricate jewellery, more effort, time, and creativity will be engaged in its creation. Therefore, the making charges can differ accordingly. It is usually advisable to purchase gold with the BIS hallmark, which determines its purity. Making charges are often indicated in rupees per gram of gold.

For every item of gold jewellery, the making charge is different. Similarly, making charges may differ from jeweller to jeweller. A variety of methods are used by jewellers to calculate the making charges. While some jewellers charge a flat amount per gram of gold, others charge a percentage of the overall weight of the jewellery. Making charges for machine-made jewellery that is mass market such as simple gold chains, often vary from 3% to 25%.

When compared to gold jewellery, the making charges for pure gold coins are very low. However, when it comes to designing intricate gold jewellery such as wedding jewellery that needs professional craftsmen, the making charges might reach over 25%. The making charges for studded jewellery are higher than plain gold jewellery because they typically demand more delicate craftsmanship. However, several online jewellery websites offer discounts on the making charges.

Wastage Charges of Gold

The process of making gold jewellery includes melting, cutting, and moulding it, which may result in some waste when the pieces are linked together to produce a single piece of jewellery. Thus, traditional jewellers levy wastage charges for the gold wasted in the process of making the jewellery. The concept of wastage charges arose from the fact that jewellers used their hands to make jewellery during the olden times, leading to some gold wastage. Similarly, machine-made jewellery includes wastage charges.

Jewellery studded with stones or pearls will generate somewhat more waste compared to plain gold jewellery. As a result, the making charges will vary from 5% to 7%. With technology and modernised methods of making gold jewellery, the wastage has reduced to an extent. Therefore, while purchasing gold online or offline, make sure to keep these points in mind.

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