- Why is 14k gold the most popular type of gold for jewelry in Canada?
- Perfect for Jewelry craftsmanship: The composition of 14k gold makes it ideal for jewelry making. It maintains its shape well and is less likely to deform over time than higher-karat gold options.
- Different Colors: 14k Gold can be alloyed with different metals to produce various colors such as yellow, white, and rose gold.
- Durability: 14-karat gold is more durable compared to higher-karat gold such as 18K or 24K. It contains a higher percentage of other metals such as copper or silver, which is less prone to bending or scratching.
- Affordability: 14k gold is a balance between durability and affordability. It has a lower price than higher-karat gold jewelry and is more accessible to a wider range of consumers.
2. Where can I find reputable wholesalers for 14k gold jewelry in Canada?
There are several wholesalers of 14k gold jewelry in Canada, which you can find by searching on Google or social networks, referring to the list of gold jewelry suppliers in Canada, and asking active members of the industry to introduce them. Below is a list of some of these wholesalers who mainly work on 14K gold. This list is in no meaningful order.
- John’s Wholesale Jewelry (sales@johnswholesale.ca)
- DD Jewelry Wholesale (sales@jewelrywholesale.ca)
- Sindbad Inc (sindbad@sindbadjewellery.com)
What are the average wholesale prices for 14k gold jewelry in Canada?
Different factors are effective in determining the price of 14K gold for wholesale in Canada
The global price of raw gold:
The world price of raw gold is the main factor determining the price of gold jewelry of any purity. You can always see the live global price of 24-karat gold at https://goldprice.org/
To calculate the price of one gram of 10K gold, just multiply the price of one gram of 24K gold by 0.417. In the same way, to get the price of one gram of 14K gold, just multiply the price of one gram of 24K gold by 0.585.
Import customs duty on gold jewelry in Canada:
The import customs duty on gold jewelry in Canada is %6.5 (Year 2024). So you have to add 6.5% to the final price of imported gold jewelry to get the final price inside Canada.
Design cost and the labor cost of jewelry craftsmanship:
The cost of designing and producing gold jewelry has a wide range. In some categories, this cost is calculated by weight, meaning the cost per gram, and in other categories, by pieces.
However, you may consider the average wholesale price of 14-carat gold jewelry in Canada between 90 and 150 Canadian dollars per gram.
Can I buy 14k gold jewelry online from wholesalers in Canada?
As long as you are a registered business in the jewelry industry, you can buy from wholesalers of 14K gold in Canada. Almost all gold jewelry wholesalers in Canada will need your business registration
documents before they start working with you so that they can confirm you as a business. After your business is approved, you will have an account on the website of the wholesale company, where you can buy the gold jewelry you need for your business online without any restrictions.
Are there any trade shows or events for 14k gold jewelry wholesalers in Canada?
Yes, there are trade shows and events in Canada that cater to wholesalers and retailers in the jewelry industry, including those that specialize in 14k gold jewelry. These events provide networking opportunities, source new products, and learn about industry trends. Most of these events are held in big cities in Canada such as Toronto, Montreal, and Vancouver.
How do I verify the authenticity and quality of 14k gold jewelry from wholesalers in Canada?
The first step is to look for hallmarks; authentic gold jewelry has a hallmark on it that indicates the purity of the gold. In Canada, 14k gold jewelry must have a mark such as “14k”, “585” (referring to 58.5% gold content) or “14k”.
The second and more professional way to test the purity of gold is the acid test. A small scratch is made on the jewelry and acid is used to determine the purity of the gold based on the reaction. You can easily purchase an acid test kit for gold authentication from websites like Amazon. However, the purity of gold does not mean the quality of a piece of jewelry. The quality of craftsmanship of a piece of jewelry is very important. High-quality gold jewelry should have a consistent finish. Look for smooth surfaces without discoloration or scratches.
