Have you found alternative to Gold or Diamond Jewelry?
by
WQAINDIA
·
26/12/2014
Have you found alternative to Gold or Diamond Jewelry?
August 2nd, 2021
Ashok Goyal
Though the international prices of Gold and Diamond have eased since November,2011 and the present rates of gold per 10 gram in India is much or less at the same rates which prevailed in last quarter of the year 2011. Had the Government of India not imposed stiffer import duty coupled with Value Added Tax the Gold Prices might have been around INR 25000 to INR 26000 for 10 grams of 24 Carat Pure Gold. In the international market the price of gold is quoted in US $ per ounce and when converted in Indian units per Tola or 10 grams then the prices of 24 Carat Pure Gold are about 20% less than the international prices. India can not afford to utilize its foreign exchange reserves for importing Gold as India is the biggest consumer of Gold in the world and it used to be termed as Golden Sparrow in ancient times attracting foreign invaders to loot the golden wealth of India. Now a days our country is being looted from the back door entry in the name of Foreign Direct Investment whose effect will be seen after another 25-30 years in case we do not increase our GDP and GNP. Creating liquidity by selling our premium assets can be termed as good in the short term but its long term effects will make us poorer and poorer in terms of per capita wealth.
Anyhow, the subject topic or title under discussion was neither macro economics nor micro economics but to know if there was any alternative or substitute to centuries old ornaments made of pure gold adorning the Indian women folk. While Gold jewelry used to be the weakness of Indian women from times immemorial and gold jewelry studded with gem stones used to be in the wish list of affluent families. Now when the prices of gold have soared and diamonds jewelry is beyond the reach of even upper middle class the imitation or look alike jewelry is being gifted as Best Valentine Day Gift 
and it is very difficult to judge even by best jewelers if the women in the marriage parties are wearing original diamond studded gold jewelry of imitation jewelry. Only a few days ago one of my goldsmith jeweler told his tale as to how he got cheated despite being in jewelry business from the last four generations. He told that one of his old known NRI couple came to him to borrow money for shorter duration of 2-3 months and by offering the imitation jewelry, worn by the young wife, as original pure diamond studded gold jewelry. Without hesitation or any iota of doubt the goldsmith jeweler parted with good amount of money and kept the pledged jewelry in safe locker in his own showroom to find after a few months, when the NRI couple never returned, that he got cheated as jewelry turned out to be imitation jewelry. I think I have made the point and told you the secret of finding alternative or substitute to artificial imitation jewelry which looks alike original. But, beware the roadside snatchers, pickpockets or thieves in the crown are no better than my goldsmith jeweler friend.
Tags: Gold TipsImitation JewelryLockersValentine's Day
Ashok Goyal
Hi members, I am Ashok Goyal from Rajpura - Punjab, a town near Chandigarh. I am a retired Chief Manager from a Top Nationalized Bank in India with 35 years of experience. I am the CEO-cum-Founder of this site made for Young and Old, Technical and Non Technical members to spread their knowledge across the Globe. I am a Science Graduate with an M.A. in Economics and C.A.I.I.B. (Certified Associate Life Member of Indian Institute of Banking and Finance since 1980 and a Social Worker authoring many Blogs for the benefit of the Public in General. I Graduated from Patel Memorial National College, Rajpura - 140401 and secured a Master's Degree in Economics from Punjabi University, Patiala - 147001 Punjab, India. Expert in Legal and Money Matters, may it be Banking, Investments, and Insurance or Fraud investigations. My Hobby is to share Knowledge and alarm the younger generations about the practical implications of transacting online. I am available at many Social Networking Sites. I am health conscious and like reading deeply about anything related to health and nutrition. In the case of any violation of objectionable content, the images on my authored links or on this site, you can either report me directly or you can file a DMCA complaint about the removal of the content. I do not like spammers and never hesitate to report the abuse of my profile information. I am the owner of the WQAINDIA Brand hosting self-hosted Question Answers Site at Web Question Answers. In Jan 2016, I founded Samadhan Kender at Rajpura - which is now talk of the down. In January 2017, keeping in view the Identity Crisis in India I found that the Public was facing difficulties in their CIBIL Reports - I started my best ever venture at CIBIL Consultants to solve the CIBIL Problems of the Public online. CIBIL Consultants is having its client base in all 17 states in India.
© Copyright - Ashok Goyal – ALL RIGHTS RESERVED: This is my original work and I do not like any content to be copied or posted anywhere on the web or elsewhere. All the articles available on my social profiles are exclusively owned by me. If you like my articles then you can visit my articles and provide the URL as a link, without any copyright infringement, on the website or blogs which are not having any adult content related to sex, violence, hate-redness, or religious fundamentalism as per Google or Facebook TOC.
DISCLAIMER: The information on this site or elsewhere - under my Profile Name is for general information purposes only. The information provided by me is simply educative to the best of my knowledge and belief. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability about the information, products, and services being displayed on this website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising out of or in connection with the use of this website or my profile anywhere on the web. We welcome feedback, comments or healthy criticism on any article or content on this site or my own work anywhere on the web. I owe my success on the web to IndiaStudyChannel to Tony John, Webmaster at ISC. I am also a featured author at HubPages, Global Site for writers and Authors. This site is dedicated to my countrymen to sharpen their online skills to compete for the world. The public can also get their CIBIL Reports rectified professionally at very low prices – when big corporations are charging as much as Rs.25000 per person per Credit Report.
You may also like...
Though the international prices of Gold and Diamond have eased since November,2011 and the present rates of gold per 10 gram in India is much or less at the same rates which prevailed in last quarter of the year 2011. Had the Government of India not imposed stiffer import duty coupled with Value Added Tax the Gold Prices might have been around INR 25000 to INR 26000 for 10 grams of 24 Carat Pure Gold. In the international market the price of gold is quoted in US $ per ounce and when converted in Indian units per Tola or 10 grams then the prices of 24 Carat Pure Gold are about 20% less than the international prices. India can not afford to utilize its foreign exchange reserves for importing Gold as India is the biggest consumer of Gold in the world and it used to be termed as Golden Sparrow in ancient times attracting foreign invaders to loot the golden wealth of India. Now a days our country is being looted from the back door entry in the name of Foreign Direct Investment whose effect will be seen after another 25-30 years in case we do not increase our GDP and GNP. Creating liquidity by selling our premium assets can be termed as good in the short term but its long term effects will make us poorer and poorer in terms of per capita wealth.
As I’m unable to add image to this post, I will try to show you the image in text from…