How to save on gold jewelry -- Advice from Renée Newman, gemologist and author of jewelry buying guides.
Shop the right venues. "Jewelry districts, gem shows, and flea markets can all have good prices, though you should check pieces carefully. If it's too light, or if the color seems to be wearing away at the edges or hinges, it's probably a bad buy.
"Local jewelers sometimes have good sales and may offer complimentary cleaning and repairs. Stick with online retailers that you're familiar with, since it's harder to know the quality if you can't see it firsthand."
Shop the right pieces. "Matching sets often come at a discount. Also, since the price of gold has dropped, simple bands and chains are cheaper, as they have few manufacturing and design markups."
Always negotiate. "Talk to the owner, who has the power to offer a discount. Ask about designed pieces or ones with gems, which have higher markups, particularly if you've noticed they've been in the store awhile.
"Flea market shops, which have less overhead, are often more willing to haggle. Offering to pay cash can motivate the seller -- but don't forget to get a receipt."
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