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March 23, 2007, Newsletter Issue #171: Buying Jewelry at Online Auctions
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Tip of the Week
Hoping to get a great deal on jewelry by purchasing through an online auction? This is a tricky subject. Depending on what you are looking to purchase it can be very straightforward, or a coin toss. Gold chains are usually a pretty stable item to purchase in an online auction. Be sure the item is hallmarked with the karat of the gold, and be sure to get the gram weight of the item. Most gold items purchased in auctions are bought based on gold weight and content. If you know these two things, and the dealer has a good reputation, you have a pretty good idea what you are getting for your money. In the case of finished jewelry, you are better off purchasing the item that you like personally, for a price you feel suits that item. Gemstones are all very different, and should come with some very detailed description, or a certificate if a very large or expensive item. If you play your cards right, and keep your eyes open, there are some really good deals to be had in online auctions.
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