All that Glitters is not gold just because it is imitation gold jewelry
. It is quite popular with women as it is comparatively cheaper and looks great. However there are cases where jewel dealers deceive people by selling fake gold as genuine gold jewelry. It is too costly a scam for us to afford or fall for.
India being the largest gold importer, contributes to a whooping 20% of the global gold demand. Given the demand it is also under the scanner for large scale gold deception.
Fools Gold is a popular terminology and is used to refer to pyrite used to make accessories that are akin to gold jewelry. Superficially Pyrite looks quite like gold and has a similar semblance in context to a light brass yellowish luster. The metal in reality is a sulphide mineral which has a smooth surface similar to that of quartz. On the contrary, pyrite has a more lustrous appeal in comparison to raw gold which is rather pale. The metal is usually favored when gemstones are inscribed into the ornament.
Considering the possible grounds of inflation, there are a few insurance policies that have been introduced to secure your gold jewelry and investments. Apart from gold forgery, some people do not hesitate admitting their preference for Fake Gold over the real one and this is further proved by 2009 statistics wherein gold sales fell considerably lower. Also not much gold is left in the mines around the world; it is fast being used up. So it wont come as a surprise if gold jewelry sales plummet even lower while the prices continue rising steadily.
Fortunately for those who love sporting gold jewelry, gold value is independent of geographic or communal disturbances. People who buy gold ornaments or make investments in gold recognize the richness and fortune gold stands for. Finally, it will always be a notch higher than fake gold.