Ass #1 Key Concepts

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Questions and Answers

What contributes to gold's appeal among customers?

  • Its color, luster, rarity, and corrosion resistance (correct)
  • Its soft texture and easy malleability
  • Its elasticity and lightweight nature
  • Its abundance and low cost

Which gold alloy is the most popular in the US for jewelry making?

  • 22K gold
  • 14K gold (correct)
  • 18K gold
  • 10K gold

What is one benefit of alloying gold?

  • It improves its tensile strength and hardness (correct)
  • It increases its tarnishing risk
  • It makes it more malleable than pure gold
  • It decreases the metal's overall value

What is a primary reason precious metals are considered expensive?

<p>They are rare and difficult to extract from the earth (A)</p> Signup and view all the answers

What is the best way for a jeweler to guard against underkarating fraud?

<p>Purchase registered trademarked and quality-stamped gold jewelry (C)</p> Signup and view all the answers

What characteristic of platinum makes it particularly desirable in jewelry compared to gold and silver?

<p>Greater resistance to tarnish (D)</p> Signup and view all the answers

Which aspect is NOT a principal asset of silver used in jewelry?

<p>Rarity (A)</p> Signup and view all the answers

Why is alloying gold beneficial for jewelry making?

<p>It improves mechanical properties. (B)</p> Signup and view all the answers

In the US, what must accompany a quality mark for precious metals in jewelry?

<p>A registered trademark (B)</p> Signup and view all the answers

What is a notable feature of palladium that has contributed to its popularity in jewelry?

<p>High resistance to scratches (A)</p> Signup and view all the answers

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Study Notes

Precious Metals in Jewelry

  • Precious metals like gold, platinum, and silver are used in jewelry due to their allure, rarity, workability, and durability.
  • Gold's appeal comes from its color, luster, rarity, and resistance to corrosion.
  • Alloying gold with other metals increases its tensile strength and hardness, making it less expensive.
  • 14K gold is the most popular jewelry gold alloy in the US.
  • Platinum is highly resistant to tarnish, takes a high polish, and is harder to scratch than gold and silver.
  • Palladium is a silvery white metal finding increasing popularity in jewelry.
  • Silver's bright white shine and workability make it suitable for jewelry making.

Quality Marks and Regulations

  • Most countries have strict regulations regarding the use of precious metals in jewelry.
  • In the US, a registered trademark must accompany a quality mark to ensure authenticity.
  • To prevent underkarating fraud, jewelers should only purchase registered trademarked and quality-stamped gold jewelry.

Precious Metal Plating

  • Precious metal plated goods are legally defined by the thickness of the plating and the fineness of the precious metal.

Sales and the Jewelry Industry

  • Successful jewelry sales require understanding the customer's perspective and using a systematic approach.
  • Selling is the process of helping customers acquire products and their associated benefits.
  • The retail of gems and jewelry is a significant part of a global industry.

Precious Metals in Jewelry

  • Precious metals are desirable due to their rarity, workability, and durability.
  • Gold's appeal is derived from its colour, lustre, rarity, and resistance to corrosion.
  • Alloying gold increases its strength and hardness, making it less expensive.
  • 14K gold is the most popular jewelry gold alloy in the US.
  • Platinum is highly resistant to tarnish, polishes well, and is harder to scratch than gold and silver.
  • Palladium is a silvery white metal gaining popularity in jewelry.
  • Silver's bright shine and workability make it ideal for jewelry.

Quality and Standards

  • Most countries have strict standards for precious metal use in jewelry.
  • In the US, a registered trademark must accompany a quality mark.
  • Purchasing registered, trademarked, and quality-stamped gold jewelry protects against underkarating fraud.
  • Precious metal plated goods are legally defined by plating thickness and precious metal fineness.

Jewelry Sales

  • Understanding the customer's perspective and using a step-by-step approach are crucial for successful jewelry sales.
  • Selling involves helping a customer acquire a product and its benefits.
  • Jewelry retail is only one part of a large global industry.

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