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What is the difference between gold and jewelry according to Mohammad Ali Soroury?

Mohammad Ali Soroury
Image Source- Mohammad Ali Soroury

Mohammad Ali Soroury is the founder of the Soroury Gold brand in Iran. Since 1368, he has been able to cooperate with reputable and successful people in the gold market and even expand his activities in the international arena. He says:”

For your information, “gold” refers to artefacts made entirely of this precious metal and its alloys. But “Jewel” is gold, in its design and construction, precious and semi-precious stones or atomic gems are definitely used. In most cases, the weight of the stones used in jewelry is more than the weight of the product’s gold.

The stone in the jewelry may be genuine or atomic. Therefore, jewelry that is made with atomic stone is called atomic jewelry, and jewelry that is made of original stone is called original jewelry.

In addition to the price difference between gold and jewelry, the way of buying and selling them is also different.

Buying gold: daily price per gram of gold + manufacturing fee + seller’s profit (generally 7-8%)

Buying jewelry: daily price per gram of gold + manufacturing fee* + seller’s profit (generally 15 to 20 percent)

Selling gold: If you want to sell your gold, when you go to a gold shop, the manufacturing fee and the seller’s profit will be low and your gold will be bought at the daily price.

Selling jewelry: The seller’s profit is deducted from the total price in the same way for selling jewelry. But in addition, the increase or decrease in the price of jewelry is also compared with the price at the time of purchase, the difference is calculated and the price of the jewelry is paid to the seller. In fact, the jewelry making fee, which is deducted from the final price, includes the price of the stones used in the product, in addition to the fee for making the jewelry base, and other expenses.”

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