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Jan 20, 2010
Not worth its weight in gold
<!-- by line --> By Jessica Lim
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A recent survey of 33 goldsmiths by the Consumers Association of Singapore (Case) found that four were selling gold jewellery less pure than claimed. -- ST PHOTO: TERENCE TAN
<!-- story content : start --> ALL that glitters is not gold. So, watch out when you are shopping for gold jewellery this Chinese New Year, advised the Consumer Association of Singapore (Case). A recent survey of 33 goldsmiths by the Consumers Association of Singapore (Case) found that four were selling gold jewellery less pure than claimed. The surveyors randomly selected jewellers around the island, and at each shop, they bought a standard 916 gold article, which should contain at least 91.6 per cent gold. The articles were then sent to the Singapore Assay Office for testing. Two of the four failed the tests by a few decimal points. The worst score was 80.76 per cent. Others weighed the item with the price tag to inflate the final price. Of those surveyed, 72.7 per cent (24 retailers) did not give a detailed breakdown of the receipt, such as the weight of the article, unit price and cost of workmanship.
'This is just unacceptable, because consumers won't know how much gold they are purchasing,' said Case president Yeo Guat Kwang, who urged the government to impose stringent tests on gold sold here. 'It is also a loophole for retailers to exploit.' Currently, it is not compulsory for the roughly 700 jewellery shops here to test the purity of the gold they sell. However, about 100 have opted to have their products tested by the Singapore Assay Office for a fee. The four jewellers named by Case - Satya Jewellery in Little India, Lim's Jewellery in Lucky Plaza, Giftwell Gold in Geyland and Poh Fok Jewellery in Toa Payoh - said they did not know how the breach occured and blamed their suppliers. Case said they would be referred to the Trade and Industry Ministry for further investigation.
Latest comments
<table class="Post" style="width: 100%;" cellpadding="0" cellspacing="0"><tbody><tr><td style="vertical-align: top;" align="left">The difference of going to a reputed jeweller for your gold.
How come Case never check the reputed jewellers like Lee Hwa, SK, CitiGems, Goldheart, Poh Heng?
They also sell gold what. Those should also be checked!
</td></tr><tr><td style="vertical-align: top;" align="left">Posted by: ShinHime at Wed Jan 20 17:41:24 SGT 2010
</td></tr></tbody></table>
Home > Breaking News > Singapore > Story
Jan 20, 2010
Not worth its weight in gold
<!-- by line --> By Jessica Lim
<!-- end by line -->
<!-- end left side bar -->
A recent survey of 33 goldsmiths by the Consumers Association of Singapore (Case) found that four were selling gold jewellery less pure than claimed. -- ST PHOTO: TERENCE TAN
<!-- story content : start --> ALL that glitters is not gold. So, watch out when you are shopping for gold jewellery this Chinese New Year, advised the Consumer Association of Singapore (Case). A recent survey of 33 goldsmiths by the Consumers Association of Singapore (Case) found that four were selling gold jewellery less pure than claimed. The surveyors randomly selected jewellers around the island, and at each shop, they bought a standard 916 gold article, which should contain at least 91.6 per cent gold. The articles were then sent to the Singapore Assay Office for testing. Two of the four failed the tests by a few decimal points. The worst score was 80.76 per cent. Others weighed the item with the price tag to inflate the final price. Of those surveyed, 72.7 per cent (24 retailers) did not give a detailed breakdown of the receipt, such as the weight of the article, unit price and cost of workmanship.
'This is just unacceptable, because consumers won't know how much gold they are purchasing,' said Case president Yeo Guat Kwang, who urged the government to impose stringent tests on gold sold here. 'It is also a loophole for retailers to exploit.' Currently, it is not compulsory for the roughly 700 jewellery shops here to test the purity of the gold they sell. However, about 100 have opted to have their products tested by the Singapore Assay Office for a fee. The four jewellers named by Case - Satya Jewellery in Little India, Lim's Jewellery in Lucky Plaza, Giftwell Gold in Geyland and Poh Fok Jewellery in Toa Payoh - said they did not know how the breach occured and blamed their suppliers. Case said they would be referred to the Trade and Industry Ministry for further investigation.
Latest comments
<table class="Post" style="width: 100%;" cellpadding="0" cellspacing="0"><tbody><tr><td style="vertical-align: top;" align="left">The difference of going to a reputed jeweller for your gold.
How come Case never check the reputed jewellers like Lee Hwa, SK, CitiGems, Goldheart, Poh Heng?
They also sell gold what. Those should also be checked!
</td></tr><tr><td style="vertical-align: top;" align="left">Posted by: ShinHime at Wed Jan 20 17:41:24 SGT 2010
</td></tr></tbody></table>
