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Imitation v/s Real Jewellery
There is an undeniable fact that imitation jewelry has taken over the world and put real ornaments on the backseat. Well, there are many reasons associated with this alteration. Let’s have a look at that. Artificial jewelry has emerged as a popular choice over the years, giving tough competition to real jewelry made from diamonds and precious metals. The fact that metals like gold, diamond, and sterling silver cost really heavy on the pocket and one couldn’t go out of the budget. To solve this problem, the highly skilled artisans have brought imitation jewelry that looks exactly like real ornaments and is extremely low priced as compared to these luxurious jewelry pieces. Today, many people consider artificial jewelry to be better than real costly ones. There are many reasons for this, some of which are described below.
* Affordable :
The first and foremost reason for modern women to run towards imitation jewelry sets and accessories is that they are highly inexpensive and budget-friendly in comparison to genuine jewelry. Made up of economical materials and metals, these women's jewelry sets are the ideal choice for modern women to stay fashionable and trendy at every hour. Also, the fact that none can find out about the authenticity of these jewels by their appearance makes them the most preferred choice for fashion lovers. There is also no need to get insurance for artificial jewelry. In comparison, real jewelry items such as Kundan necklace may cost several thousand or lakhs of rupees. Also, there are various expenses involved to ensure their safety.
* Versatile :
The versatile range and massive options make imitation designed jewelry the most optimal choice for modern women to give their best shot at any point in time. After all, you can’t wear the same gold set for every occasion. Buy an array of these trending women's jewelry depending on your style and dressing sense and get ready to look different on different occasions. For example, these may be suitable for festivals, weddings, anniversaries, etc. However, when we look at artificial jewelry, we see that it can be worn almost every day. They can be with you at your college, office, and almost every other place you may visit. Since artificial jewelry is inexpensive, you don't have to worry about losing or misplacing them.
* Exact Similar Appearance :
If ever you will see a genuine gold jewelry set and modern-day imitation ornament, you just can’t figure out the difference until you visit a jeweler for proper testing. As such, you will still be getting all the praise. Artificial jewelry will always be useful in improving your looks and your dressing style. So, why waste thousands and lakhs of rupees on real jewelry when you can get the same effect with artificial jewelry in just around a thousand bucks. Many people are creating artificial jewelry with their hands and some people are using 3D printers to create artificial jewelry.
* Strong and Durable :
Artificial jewelry is quite durable and it can withstand a significant amount of rough use. Moreover, even if something breaks, you can easily fix it at home or the nearest jeweler shop. Repairing artificial jewelry is also cheap, as compared to repairing real jewelry. Since artificial jewelry is cheap, you may even consider buying a new one instead of getting the broken piece repaired.
While we purchase real jewelry, we are always concerned about its quality and price so that we don't get into any scam. Secondly, these extremely expensive gold or diamond jewels require great care and maintenance. Thus, buy imitation jewelry to get rid of all these issues; make your wish come true.
* Merits of Imitation Jewelry :
One of the jewelry types which are most loved by all women is the imitation jewelry collection. They try to keep some kinds of unique jewelry from this collection because they know that they can easily wear jewelry to almost every occasion which can be personal as well as official. There is a regular rise in the fashion trends and they are altering also as time is passing. And for fashionable people, there is an urge to wear jewelry, especially for fashionably conscious people. In fact, it is a surprising fact that everyone looks amazing by wearing imitation pieces of jewelry. They can get a stunning and tremendous look while wearing imitation jewelry as they are breathtakingly cheaper than other kinds of jewelry in the market.
* Price :
Without a doubt, the best thing about imitation jewelry is its price. These prices are very budget-friendly and they greatly reasonable the real deal. Include pricey stones like diamonds, for example, they have sparkles that are very pretty and classy.
* Safety & Security :
You will feel safe if you wear imitation jewelry than real jewelry like gold. If you have to travel a distance for attending any special occasion, then it is better to opt for imitation jewelry because you will feel safe while you are wearing the jewelry and also can attend the occasion freely too. Be sure of having some varieties of imitation jewelry in your wardrobe.
* Versatility :
Imitation jewelry is very versatile and it can be easily worn at any kind of occasion and at any time of the day too. One can also have so many types of imitation jewelry so that they can also match their outfit with their collection of imitation jewelry. Every type of imitation jewelry is different from each other and jewelry lovers can have a variety of designs and styles from the collection.
* Variety :
There is no limitation when it comes to imitation; you can them in all sorts of design, colors, shapes, and sizes. Also, there are look-alike sparkles of almost any precious stone you can think of. Because of their affordable price and numerous styles, you will be able to get a piece for every outfit you have.
* Long Lasting :
If you are aiming to buy a set of jewelry to suit you to get up for an important occasion, why not consider buying imitation jewelry? Nowadays, people would not really care if somebody is wearing imitation jewelry. As long as the wearer could carry the items in fashion and he or she looks good and elegant on them, there would be no questions asked.
Demerits of Real jewelry
* High Making Charges :
You have to pay very high making costs, especially if you go for unique designs. The making charges alter given to design, nevertheless on average, it will be around Rs 200 per gram. Considering the burgeoning price of 22-carat gold that is used in jewelry, this works out to be a 10% mark-up. Note that investors will never be able to recover these expenses if they decide to sell the ornaments.
* Impurity :
The purity of gold is the second issue that anyone encounters in the case of jewelry. majority of the time, it might not be of the level that is being claimed. Though this problem has receded due to the widespread use of ‘hallmarking’, it has not been resolved entirely. Since the hallmarking services test only a fraction of the gold jewelry submitted for testing, there are queries with the hallmarked jewelry too.
* Less Resale Value :
Most jewelers are ready to purchase the gold sold by them at market rate and extremely less are willing to pay in liquid cash. Most of them subtract 5-10% of the value if you want cash. The minimization is higher if you try to sell gold that has been bought from some other shop. As he will question the gold’s purity, claiming it to be suspect, and pay you less.
* No Regular Income :
Gold investment does not provide any constant revenue like dividends or rental as in Stocks or real estate where investors can reap the rewards of their investment without having to sell their assets.
* Problems in Physical Storage :
Lack of investment in gold is the factor of restore. Storing Gold in a mammoth amount is quite risky and with high worth .whereas, there are possibilities for gold investment in a form of a certificate or an account in which the owner does not hold the physical gold but later can represent it. Even though there are well stable forms of gold investment nowadays, few may still assume whether such a form of gold investment will be still equally reasonable in case of a system breakdown. Also, if storage is not well, although wrapped in the protective cover, allowing the oxidation.
* No Financing or Leverage :
When you invest in gold, you will have all of the cash on hand to buy. You cannot utilize leverage, or any kind of financing, for this sort of investment or purchase. This can severely limit the number of people that can get involved in the market.
* No Tax Advantage :
Investing in gold is not going to provide you any merit related to tax, on the contrary other tax-saving instruments available in the market.
* Subject to Confiscation :
One of the largest risks of investing in gold is that it is subject to confiscation. The authorities could come in and confiscate all of the gold in storage if they reckon it crucial. In that case, there is nothing that you can do about it and you will lose your investment.
* Actual Returns are Less than Nominal Returns :
If gold does upsurge in value, the revenue is nominal instead of an actual boost in purchasing power. Owing to this when gold appreciates it typically coincides with devaluation for hard cash. Besides, those gold boons are taxable.
* Partially Liquid :
An unfortunate social factor in the majority of families in India associated with liquidity is that gold has sentiments attached; is the last commodity to leave in case of a financial crisis. This negates the entire motive of gold as a liquid asset.
It can be said without any doubt that investing in gold can turn out to be a profitable option when all the other options fail. If you fear the rising inflation levels or depreciation in the currency, then adding gold to your investment portfolio can turn out to be an excellent option. Investing in gold may turn out to be quite a stunning option however you must also not forget to analyze the advantages and disadvantages of investing in gold and try not to get carried away; make an informed decision.
