When choosing engagement rings , many couples opt for an 18K gold ring. These rings are more costly and more sought-after than 14k and 10k gold jewelry. Connoisseurs love the purity and warmth of this type of gold.
In recent years, gold prices have risen. You may not know how much an 18kt gold ring is worth. The price of any ring will vary depending on its weight, design and gemstone. It doesn’t matter if you sell or buy it. This affects its value.
How pure is 18K gold?
Price is directly affected by the amount of gold in your ring. The karat, an international measurement of the gold jewelry value, is something you already know. Jewelry prices rise accordingly when there are more karats.
24kt gold, for example, contains 99% of the precious metal without any impurities. There are also 14K and 10K which contain different amounts of various alloys such as silver, copper, nickel and other metals. 18K-gold contains 18 of the 24 parts of golden and 6 of other elements.
There is a distinction between the terms karat or carat. The former refers to gold purity. However, the term carat should only be used when referring to precious stones such as sapphires or diamonds .
24K Gold is the most expensive, but it’s almost impossible to use in jewelry production. It is soft and easy to form, but you can scratch it.
Also, 24K gold’s color is too obvious. It is almost orange-yellow, bright, and shiny. Many people choose to wear 18K gold jewelry. It is available in three colors depending on the alloy material.
|Karats||Purity||Parts of gold||Millesimal fineness|
|24K||99.9%||24 out of 24||999|
|22K||91.7%||22 out of 24||916 and 917|
|18K||75%||18 out of 24||750|
|14K||58.3%||14 out of 24||583 and 585|
|12K||50%||12 out of 24||500|
|10K||41.7%||10 out of 24||416 and 417|
|9K||37.5%||9 out of 24||375|
18K jewelry is much more expensive than the one with a lower percentage of gold, but its price is justified by top quality and durability. It is the purest gold for the jewelry you can find in the store, which has no hardness problem.
Although some people choose the 18K rings because they are less likely to cause contact dermatitis or other allergies than 14K or 10K jewelry, the common reason 18K engagement rings are highly popular is primarily aesthetic.
The 18K ring retains the almost natural color of gold but doesn’t shine as strongly as pure gold. Silver, nickel, or other metals only soften the orange color and give it a beautiful shade. There are three basic types of 18K gold, including yellow, white, and rose.
Primarily, the addition to yellow gold is 15% copper and 10% nickel and silver. On the other hand, the white gold contains around 20% of white metals, such as silver, palladium, and nickel.
It is possible to add some copper in white gold rings since it helps to increase its malleability. However, it doesn’t go over 5% in most cases.
As you can guess, the rose gold has the highest percentage of copper. You can find shades closer to red color with 25% copper or pink gold with 20% copper and 5% silver. The color you choose will only depend on your taste and preferences.
Except for the white gold that sometimes contains expensive rhodium, all three alloys’ prices are similar. The primary difference in cost for 18k rings comes from variations in their weight, design, brand name, and the gemstones.
The Gold Value On The Market
One ounce of gold is 31,3 grams. It is impossible to know exactly what the gold price at any given moment is, as it fluctuates daily, sometimes hourly , due to speculation in the markets, and currency values.
On September 1, 2020, the gold price was $1971,22 an ounce. It dropped to 1,927.96 an ounce a week later.
Due to economic factors, gold prices have been rising steadily since 2013. Experts predict that this growing trend will continue for the next five years.
This value is for pure 24k gold. Your 18k ring cost will be determined by the millesimal fineness 750. It will be:
1971,22 / 31,3 x 0,750 = 47,23 dollars per gram
It isn’t the end of the math, however. This number only determines the market value of your ring. The money you receive when you sell it will always be much lower.
However, an 18K ring will cost you $47.23 per gram less than a regular ring. This is because the seller adds their earnings to their fees. The final amount you have to give per gram may be $60 or more depending on where you purchase.
Price of an 18K Ring
As you can see, 18K is more expensive than 14K and 10K. If you have two identical rings, one made from 10K gold can cost twice as much as the other. It is less than 75% gold, and only 41.7% of it. Additionally, the ring has a different aesthetic, primarily in its color.
You have many options when it comes to buying an 18K gold ring. It can be purchased at your local jewelry shop, mall, or online. The easiest way to get the right size ring is to order it directly from the manufacturer through their official website. The price could be as low as 30% in this instance.
You can also purchase the used golden ring at a pawnshop. You can save money by buying the ring at a pawn shop for as low as 20 to 30% of its actual value. To make sure that you get what you want, however, it is important to carefully read the labels and request the paperwork.
Without a specific ring in mind, it is difficult to predict how much an 18k ring will cost. Prices can vary between jewelers and other factors such as the ring’s brand, model, gemstone, and possible limited edition.
Market value is a rough estimate of the cost of an 18K ring.
Selling 18K Rings’s Prices
It is important to understand that the price you are able to get for your 18K ring is not what you paid. You can’t get more than 70% even if you have a dealer. The maximum price you can bid on a $300 ring is $210.
A gold buyer will cut the margin to get his cake. If the dealer decides that you want to sell your ring they can double the amount of money you received. If you’re determined to sell your ring, make sure you choose a well-respected store and ask for the paperwork.
To find out how much you can get, you can use one of many online value calculators. This will ensure that you don’t get ripped off and allow you to demand the best price for the ring.
Also, make sure you check the market value of your jewelry before you part ways. Don’t sell an 18K ring weighing 5 grams or less than $157 if the market price is $45/gram.
A local Cash for Gold store is one of the best places to sell jewelry. You can also upload photos of your jewelry online with a description and the correct size.
Selling online has the advantage of being able to ask for the price you want, rather than accepting an unfavorable offer from a local pawnshop.
The 18K ring is 75% pure gold and more expensive than the 10K or 14K models. The market value for gold fluctuates daily. It is therefore difficult to determine the value of an 18K gold ring at the time it was traded without taking into account its mass, design, and any other factors.