4Grams 18ct White Gold chain + Moon & Star. The 4Grams 18ct White Gold chain is imported from Italy, in a sturdy “cable” link of 1.1mm thickness; the little 18ct White Gold Moon Sliver and Star, together on the one ring, a cute little pendant of symbols of the night, created and crafted in Sydney, weighs 0.4 grams, bringing total weight to 4.4 grams.
The price of Gold is at an all-time high presently at mid 2024. The wholesale price of 18ct White Gold chain is around $140 per gram, the cost of creating its special little pendant no less per gram, excluding, of course, GST. That makes the replacement cost of the above item around $620 before GST, and makes its present discounted price very reasonable, for it represents the value of replacement cost, GST, and a very modest profit.
It is, naturally, still a costly item, even with the discount, and there is no doubt that Gold jewellery, always more or less a luxury purchase, has become more so, but there are few experts about who believe that Gold will not continue to become more costly.