How gold jewellery is priced
The whole calculation, in the open: the day's rate, the making charge, the weight, and why two similar pieces cost different amounts.
Every piece we sell is priced from the same short calculation. There is no separate margin hidden inside it, and nothing about it changes from one customer to the next.
price = (rate per gram + making charge per gram) × net weight + stones
Four inputs. Here is what each one is.
The rate per gram
The rate is the market price of gold for that karat, per gram, in JOD. It is not set by the shop — it moves with the world gold price and the local market, and it is republished through the day rather than fixed each morning. A piece quoted at ten in the morning and the same piece quoted at four in the afternoon can differ, because the metal underneath it did.
Each karat has its own rate, because each karat contains a different amount of gold. You can see the current rate for 24K, 21K, 18K and 14K, and how it has moved, on the rate page.
The making charge
Gold does not arrive as a bracelet. The making charge covers turning metal into a finished piece — casting, assembly, setting, finishing — and it is quoted per gram, like the rate.
It varies by how the piece was made, not by how much we think you will pay. A plain chain carries a low making charge; a piece with a lot of hand-set stonework carries a higher one, because far more work went into it.
The net weight
Every piece is weighed. Net weight is the weight of the metal alone — if a piece has stones, their weight is taken out, because you are not paying the gold rate on a stone.
This is why two rings from the same tray, in the same karat and the same design, can carry different prices: they are individually made and individually weighed, and a tenth of a gram is a real difference.
Stones
Stones are added as their own figure rather than folded into the per-gram maths. They are priced as stones, and shown separately.
Silver works the same way
Sterling silver 925 is weighed and priced per gram from a published silver rate, exactly like gold. It is not priced per piece.
Buy-back
Because the price is built from the metal, it can be read backwards. Gold bought here is eligible for buy-back at the day's rate — see returns and buy-back for the terms.
What this means when you compare prices
Two shops quoting different prices for a similar piece are usually differing on the making charge, on the weight, or on the karat — not on the gold, which is the same metal at the same market price for everyone. Asking for the weight, the karat and the making charge per gram makes any two quotes directly comparable.
We weigh and stamp every piece in front of you and show the calculation. If a number on a tag is not clear, ask — it is all arithmetic.