18K Gold ring, handcrafted in a flowing form, its shape organic; the ring is quite sturdy, the thickness of Gold throughout 0.02mm with the entire inside edge, of both band and top, neatly reinforced to a thickness of 1mm.
The above 18K Gold ring weighs 3.5 grams. At current, as of mid-2025, world Gold price, if this ring were scrapped, reduced to a lump of 18ct Gold weighing 3.5 grams, it would fetch $120 per gram from a reputable Sydney metal refinery. If a Sydney bench jeweller wished to make a ring such as this, the jeweller would buy, from this same Sydney metal refinery, 18ct Gold stock gauge at a cost of $153 per gram.
But of course, the jeweller must purchase more than 3.5 grams for this ring, for there will always be “wastage” in the making of a metal object, metal that simply disappears in the process, disappears into polish dust, into filings of scraping, into clippings that fall to the floor or fly off into corners. “Wastage” is metal lost, and when the loss is in 18ct Gold, it is a significant loss, for bench jewellers presume that between 7% and 10% “wastage”occurs in the making of a Gold ring.
Wastage aside, the end “sale” price of the above 18K Gold ring, $720 including GST, represents a genuine bargain.