Things I have learned about
gold buying in Thailand
while living here for the
past several years.
(Also see the table at the bottom of this page.)
Is it really "24K" ??
When considering the purchase of high karat gold from Asia consider the fact that up until only a year ago many gold bracelets and chains in the shops were stamped with "24k" or "100%" as a hallmark even though the actual gold content was below this purity. For years the Thai people thought they were buying pure gold but were duped by the manufacturers. So someone marketing 24k gold in the States can with good conscious think they are selling pure gold from Asia or specifically Thailand but they are not. They could be selling just about any purity without a proper assay to determine gold content. And besides once you purchase an item that is of an accurate purity of 22k, 23k and 24k, you will realize there is a substantial difference in density and malleability between each as well as appearance.
"HANDMADE"
The term "Handmade" is used so loosely on jewelry sites and auctions when referring to how Thai gold jewelry is made. Few gold items are hand made in modern times. On some styles of bracelets and chains components are made in wax molds and assembled by hand. There are some exceptions. Sometimes a gold item will go through different phases of fabrication such as the addition of etching or embossing and diamond cutting. These processes are performed by hand on a lathe. In the case of the "Sukhothai" style jewelry the enamel paint is painted by hand on each tiny component. So the degree of making by hand varies greatly and the price will reflect the higher labor cost. But this should not take away from the reputation of the craftsmanship that goes into the making of Thai jewelry. From the original design element which can date back hundreds of years to the skill in which the molds are meticulously made and all of the steps involved in creating the finished product.
Consider these fact when buying gold jewelry
| A 20 inch gold rope chain can consist of only one or two grams of pure gold unless otherwise stated. Be careful! | Pure gold can be flattened into a foil that is only 5/1,000,000 of an inch thick. | "100 % gold" could only mean "plated with gold". |
| The price for the gold in a 23K chain is non negotiable. There is no wholesale or retail; everyone pays the published price. | However, the price of the gold jewelry is based on the cost of the gold and the cost of the workmanship that went into making the piece. | Thailand ranks as the second largest jewelry exporting country in the world. |
| "Thai Gold" is .965 fine, a little over 23K. The alloy makes the gold harder so it stands up to wear much better than the very soft 24K gold. | In other Asian countries such as Hong Kong and Singapore, the gold shops sell only 24K gold and is sold by the "Tael" which is 37.5 grams. | "Baht Gold" refers to "Thai Gold" .950 pure or better and is sold by the Baht weight which = 15.2 grams. |