A transparent estimate has components
Retailers may use a stated reference gold rate, the purity/weight of the precious metal, making or workmanship charges and applicable taxes. There is no single universal retail making-charge formula. A written estimate should specify which figures are assumptions and which are final.
Questions to ask
- Is the quoted metal weight the net weight of gold, or gross article weight including stones?
- Which purity is being priced: 18K750, 22K916 or another grade?
- Does the rate apply per gram and on what date/time?
- Are making charges a fixed amount, per gram or percentage?
- Are stones, hallmarking and GST shown transparently?
Do not confuse an estimate with an invoice
A price calculator or preview can help understand the breakdown, but a final invoice must comply with current tax and consumer rules. For a finished jewellery retail sale, see the CBIC sectoral FAQ on GST on the transaction value.
Use official verification
The jewellery price and hallmarking status are separate questions. Use the BIS Care application for HUID verification rather than treating a price or purity estimate as proof of authenticity.