There is nothing quite like a solid 14k gold chain. It’s one jewelry piece that has withstood the test of time and never goes out of style. And right now, gold chains are even more popular than usual. They are highly versatile, come in a wide variety of styles and are perfect for showing off your individual style. If you are thinking about adding a new necklace to your jewelry box, having a basic understanding of how much 14k gold is worth is an essential step in ensuring that you don’t overpay.
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The exact cost of a 14k gold chain (or any piece of jewelry) varies depending on several factors. Plus, the value of gold is constantly fluctuating. Still, there are some general guidelines to follow to make sure you get a reasonable price on your next piece of jewelry. So, how much does a 14k gold chain cost? Keep reading to find out.
WE HAVE THE 14K GOLD CHAINS YOU NEED!What Is 14k Gold?
14k gold is one of the most commonly used gold alloys in fine jewelry, including chains, rings and bracelets. Consisting of 58.3% gold and 41.7% other metals (like silver, nickel and zinc), it is sturdy enough to stand up to daily wear and isn’t as malleable as 18k or 24k gold.
While yellow gold is the most common option, 14k white and rose gold chains are also widely available. The metals used to make the chain ultimately determine its color.
Determining the Value of a Gold Chain
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The price of a high-quality 14k gold chain can range from a few hundred dollars to several thousand dollars. The weight of the chain — and, therefore, the amount of gold it contains — is a primary factor in determining the piece’s value. To determine the gold’s value, use a precise scale to weigh the chain in grams. Then since 14k gold is 58.3% gold, you need to multiply the weight by this percentage. For example, if you have a 14k gold chain that weighs 27 grams, you would multiply 27 by 0.583 to determine that it contains 15.741 grams of gold.
From there, multiply the weight by the current value of gold. If gold is currently worth $59.03 per gram, the value of the gold in your necklace would be about $929.19. Keep in mind, though, that this is only the value of the gold and doesn’t account for other factors.
Additional Factors That Impact Cost
While the weight of the gold is one of the primary factors used when establishing the price of a piece of gold jewelry, it is not the only one. Unless you are trying to sell a piece of broken jewelry for scrap, the cost of a gold chain will never be the same as the value of the gold it contains.
Some gold chain styles are more difficult to produce than others, and these more complex designs are, of course, more expensive. A simple box chain almost always costs less than intricate styles like Cuban link and Figaro chains.
The addition of gemstones increases the prices too. An iced-out chain comes with a much heftier price than a plain one. And, of course, adding a pendant increases the cost. Custom jewelry is more expensive than off-the-shelf products, too, due to the additional skill and labor required to make it.
SHOP WOMEN’S GOLD CHAINS FROM Daniel Jewelry NYWhen shopping, don’t forget to account for retail markup. Retailers need to charge to cover the cost of the materials, the labor to make the piece, employee wages and more. If a jeweler were to sell a necklace for the same cost as the value of the gold, they likely would not have any room to turn a profit. In fact, they would probably lose money on the detail. At a minimum, retailers usually charge double the value of the gold to ensure there’s room for profit.
Closing Thoughts
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The cost of a 14k gold chain varies drastically depending on the style, weight and additional features like diamonds or gemstones. And, of course, retailers have to charge a markup to ensure that they make money on the deal.
If you are in the market for a new gold chain and want to make sure you’re making a solid investment, shopping with a trusted jeweler like Daniel Jewelry NY is your best bet. In doing so, you can be sure that you are getting a piece of top-quality jewelry that will last for years. We’re your ultimate source for hip hop style jewelry that shows off your personality. And with us, you never have to worry about whether you’re getting your money’s worth.