What about jewellery Calculating Gold and Diamond

Question

Accepted Answer

Calculating gold and diamond in jewellery involves determining their weight, purity, and market value.

To calculate gold value, multiply the weight of gold by its purity and the current market price per gram.
To calculate diamond value, consider the carat weight, color, clarity, and cut, and refer to the diamond price chart.
Add the calculated gold and diamond values to determine the total value of the jewellery.
Example: A gold necklace weighing 10 grams with a purity of 18 karats and a current market price of $50 per gram would have a gold value of $9,000.
Example: A diamond ring with a 1-carat diamond, color grade G, clarity grade VS1, and excellent cut would have a diamond value based on the diamond price chart.
Ensure accurate calculations by using precise weighing scales, understanding the purity standards, and staying updated with market prices.

Accepted Answer

Final price of the jewelry = Price of gold per gram (22 carat or 18 carat) X (Weight in grams) + making charges/gram + Goods and Services Tax (GST) on (Price of jewelry + making charges).

Accepted Answer

Jewellery is calculated as - price of 18 ky/14kt gold × weight of gold in ring + price of diamond based on 4cs × weight of diamond + making charges + GST

What about jewellery Calculating Gold and Diamond

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