People often complain about the fake sterling silver jewelry they bought online. It is true that judging an item is sterling or not only by images is kinda difficult for customers. But if the price is unreasonably low and it is shipped free from overseas, it is not sterling silver for sure.
Well then, how much is sterling silver jewelry worth? The price of a sterling item may contain three parts:
1. Raw Material
The worth of sterling silver is relative to the silver spot price. There is a simple formula to calculate the price of sterling silver:
% of pure silver * silver price * troy ounce modifier
% of pure silver = 92.5%
Current silver price ($14.55)
Troy ounce modifier = .911 (1 us ounce = .911 troy ounces)
Thus we know that the current price of sterling silver is $12.26 per ounce (oz), or $0.43 per gram (g).
When you see a bracelet weigh 10 g sold at $1, don’t be taken in!
2. Design and Making
A lovely and exquisite sterling silver item costs a lot of design efforts and handcrafts. When purchasing sterling silver jewelry you are paying for the craftsmanship and beauty of the piece; not the value according to the its weight.
3. Brand Value
A simple Tiffany sterling silver item may cost hundreds of dollars. Yes, you are paying not only for the jewelry, but the amazing special feeling that comes with the brand. Just enjoy it!