About Gold Jewellery | World Gold Council (2024)

Throughout history, gold has been treasured for its natural beauty and radiance. For this reason, many cultures have imagined gold to represent the sun.

Different Gold Colours

Yellow gold jewellery is still the most popular colour, but today gold is available in a diverse palette. The process of alloying—mixing other metals with pure 24 carat gold—gives malleable gold more durability, but can also be used to change its colour.

White gold is created through alloying pure gold with white metals such as palladium or silver. In addition it is usually plated with rhodium to create a harder surface with a brighter shine. White gold has become the overwhelming choice for wedding bands in the US.

The inclusion of copper results in the soft pink complexion of rose gold while the more unusual colours such as blue and purple can be obtained from the addition of patinas or oxides on the alloy surface. Black gold for example derives its colour from cobalt oxide.

About Gold Jewellery | World Gold Council (1)

Gold Carat

The weight of gold is measured in troy ounces (1 troy ounce = 31.1034768 grams), however its purity is measured in ‘carats’.

‘Caratage’ is the measurement of purity of gold alloyed with other metals. 24 carat is pure gold with no other metals. Lower caratages contain less gold; 18 carat gold contains 75 per cent gold and 25 per cent other metals, often copper or silver.

The minimum caratage for an item to be called gold varies by country. In the US, 10 carat is the legal minimum accepted standard of gold caratage, 14 carat being the most popular. In France, the UK, Austria, Portugal and Ireland, 9 carat is the lowest caratage permitted to be called gold. In Denmark and Greece, 8 carat is the legal minimum standard.

Gold Purity

Fineness is another way of expressing the precious metal content of goldjewellery, and represents the purity in parts per thousand. When stamped on jewellery, usually this is stated without the decimal point.

This chart shows some examples of the composition of various caratages of gold.

Gold typeCaratage
Gold
(Au)
Silver
(Ag)
Copper
(Cu)
Zinc
(Zn)
Palladium (Pd)
Yellow9k37.5%42.50%20%
Yellow10k41.70%52%6.30%
Yellow14k58.30%30%11.70%
Yellow18k75%15%10%
Yellow22k91.70%5%2%1.30%
White9k37.5%62.5%
White10k41.7%47.4%0.9%10%
White14k58.30%32.20%9.50%
White18k75%25% (or Pt)
White22kN/AN/AN/AN/AN/A
Rose9k37.5%20%42.5%
Rose10k41.70%20%38.3%
Rose14k58.30%9.2%32.5%
Rose18k75%9.2%22.2%
Rose22k91.7%8.40%

Notes:

The alloying metal compositions aboveare typical of those used by the jewellery industry to arrive at the colour/caratage combinations shown, but these are not the only ways to arrive at these combinations.

White gold compositions listed here are nickel free. Nickel-containing white gold alloys form a small/very small percentage of white gold alloys and generally contain other base metals such as copper and zinc.

The following are the common standards of fineness that are used:

.375 = 9 carat (England and Canada)

.417 = 10 carat

.583 (.585) = 14 carat

.750 = 18 carat

.833 = 20 carat (Asia)

.999 (1000) = 24 carat pure gold

Strictly speaking, 14 carat should be 583 (14/24 = .583333), but most manufacturers have adopted the European practice of making 14 carat gold slightly over 14 carat. Thus, the fineness mark is 585 in most 14 carat gold jewellery.

Similarly, 24 carat should be 1.0 (24/24 = 1.00). However, in practice, there is likely to be a very slight impurity in any gold, and it can only be refined to a fineness level of 999.9 parts per thousand. This is stated as 999.9.

Accepted tolerances on purity vary from market to market. In China, Chuk Kam (which is Cantonese for ‘pure gold’ or literally ‘full gold’) still comprises the majority of sales and is defined as 99.0 per cent minimum gold, with a 1.0 per cent negative tolerance allowed.

About Gold Jewellery | World Gold Council (2024)

FAQs

About Gold Jewellery | World Gold Council? ›

'Caratage' is the measurement of purity of gold alloyed with other metals. 24 carat is pure gold with no other metals. Lower caratages contain less gold; 18 carat gold contains 75 per cent gold and 25 per cent other metals, often copper or silver. The minimum caratage for an item to be called gold varies by country.

Who is behind the World Gold Council? ›

The World Gold Council is an international trade association for the gold industry. It is headquartered in London and has offices in India, China, Singapore, the UAE and the United States. The organization's members are gold mining companies. David Harquail is its president and David Tait is the CEO.

What is the use of gold in the World Gold Council? ›

Gold's diverse uses, in jewellery, technology and by central banks and investors, mean different sectors of the gold market rise to prominence at different points in the global economic cycle.

What is the best gold in the world for jewelry? ›

The most common mixtures of gold are 14K, 18K, and 22K, but 14K and 18K are the most ideal for jewelry.

How much of the world's gold is used in jewelry? ›

Jewellery Demand

Gold jewellery represents the largest source of annual demand for gold per sector. This has declined over recent decades, but it still accounts for around 50% of total gold demand.

Who is the new CEO of the World Gold Council? ›

He joins from De Beers, where he led the De Beers Forevermark business in India and the Middle East. The World Gold Council Tuesday named Sachin Jain its new CEO for India.

Who really owns most of the world's gold? ›

The United States has the most gold reserves and has nearly as many reserves as the combined total of the next three countries with the largest gold holdings: Germany, Italy, and France.

What is the World Gold Council report for 2024? ›

*Data as of 30 June 2024. Following a record-breaking start to the year, central bank gold buying slowed sharply during Q2, falling 39% q/q to183t. But this is still a very healthy level of buying, 3% above the five-year quarterly average of 179t. And it extends the long-term positive demand trend from this sector.

What are the negative effects of gold mining? ›

Gold mining is one of the most destructive industries in the world. It can displace communities, contaminate drinking water, hurt workers, and destroy pristine environments. It pollutes water and land with mercury and cyanide, endangering the health of people and ecosystems.

How much is an ounce of gold? ›

$2,578.00

What karat gold is best? ›

Pure gold is notated as 24K – this is the highest karat level for gold meaning it is 100% pure gold. 18K gold is 75% purity level, 14K is 58.3% purity level, and 10K is 41.7% purity level. As you can see, the higher the karat number, the more pure gold comprises the metal.

How many carats gold should a wedding ring be? ›

It is advised to avoid buying a solid, 24 carat Gold wedding band. 18-Carat Gold is a better choice of metal for wedding bands, since anything higher (such as 24) is too soft, which will make the ring prone to scratches, bending, and even breaking!

Where is the best country to buy gold jewelry? ›

Which Country Gold Jewelry is Best to Buy?
  • India has a rich history of gold jewelry craftsmanship dating back thousands of years. ...
  • Turkey has emerged as a prominent hub for gold jewelry that beautifully blends tradition with modern design. ...
  • Italy is renowned for its luxurious and elegant gold jewelry.

Who owns the most gold privately? ›

John Paulson is an American hedge fund manager and billionaire famous for having one of the world's biggest privately owned gold reserves. He's also well known for predicting the 2007 mortgage financial crisis and has made headlines for his mammoth-sized gold holdings through his firm, Paulson & Co.

What happens to gold after it is mined? ›

What Happens Once it's Extracted? Once the gold is extracted from the mine or from a secondary source, it can then be refined to separate it from any impurities. The higher the refinement, the finer the gold. The fineness of gold refers to the ratio by weight of the primary metal to any added base metals or impurities.

Who are the biggest private owners of gold? ›

Indian families hold the most privately owned gold, collectively holding around 24,000 metric tons. This staggering amount demonstrates their long-standing tradition of acquiring precious metals, making them a dominant force in the global gold market.

Who leads the world in gold? ›

The United States holds the world's largest stockpile of gold reserves by a considerable margin of over 8,100 tons.

Who is the chair of World Gold Council? ›

Neal John Froneman

The company now ranks as the world's top primary producer of PGM metals with a leading position in the PGM recycling industry.

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