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topic 53013

How to calculate the cost of gold plating per piece



A discussion started in 2009 but continuing through 2018

September 2, 2009

Q. We produce silver jewelry in Bali. Some of our earrings we gold plate, but the cost of plating became expensive. We bought a gold plating set-up and we are now gold plating ourselves, and we are trying to figure out how to cost each piece we gold plate.

If anyone can help me figure this out will be very much appreciated.
Roma

Roma Fairbrother
designer - Kuta Bali Indonesia


September 3, 2009

Gold Plating Technology
from Abe Books

or

A. Hi, Roma. Gold is of course a precious metal that is priced by the gram or the troy ounce. So first, you need to know how much gold you are applying to each piece. For this step you can multiply the surface area of the piece by the thickness of the gold, then multiply by the density of gold to get the weight. Alternately, or preferably in addition to this, an ampere-minute meter is very helpful because the amount of gold deposited is directly proportional to the ampere-minutes that you plate for (the current multiplied by the time). You can look up Faraday's Law for a better understanding of that.

Once you have the amount of the gold you have applied, you can multiply by a factor representing the extra cost for the proprietary gold plating solution over the cost of gold metal. For example, if a liter of the solution you buy contains 2 grams of gold, then your cost for two grams of gold is the cost of that solution. Finally you add a labor, overhead and profit factor. If I have lost you, please ask for clarification on the step in question. Good luck!

Regards,

Ted Mooney, finishing.com Teds signature
Ted Mooney, P.E.
finishing.com
Pine Beach, New Jersey


July 17, 2013

Q. Sir
I want to know how I can estimate gold plating cost of jewellery.

vishal yadav
govt job - kanpur, up, india


July 18, 2013

A. Hi cousin Vishal. The page already tells you the steps you must go through. Step 1 in review: What is the surface area of the part and the thickness or the gold, or alternately, how many ampere-minutes do you plate it for. You simply can't proceed to step 2 until you have the answer to step 1, either in grams of gold or ampere minutes applied. Good luck.

Regards,

Ted Mooney, finishing.com
Teds signature
Ted Mooney, P.E.
finishing.com
Pine Beach, New Jersey



January 25, 2015

Q. Hello ~ I would like to know how much it would cost to have a heart pendant plated in gold, it has other different metal alloys in it! It is actually a tiny urn; my Moms ashes are in it! A gold pendant/urn was not available at the time! I would have chosen the gold! Now, I have a different problem, the bale came off and needed to be glued back on. Well, the funeral home glued it back on but glued it on backwards so the metal doesn't match! So, the only solution I could think of was getting it gold plated? The size is 1" X 1"

Would it be reasonable in cost or should I get it silver plated instead? I am not a silver type person ... I love yellow 14kt gold!

Sincerely

Sylvia Taylor
- Westbrook, Maine


January 2015

A. Hi Sylvia. The previous Q & A's on this thread seemed to involve manufacturers and production plating of gold. When you want one small item plated, it's mostly about the labor cost, not the material cost.

Just as there won't be much difference in cost whether your plumber has to replace a 3/4" washer or a 1/2" washer to fix the dripping faucet, there probably won't be much difference in the cost of gold plating vs. silver plating because most of the cost will be in handling the order, and the labor of polishing, cleaning, and plating. Most plating shops will have a minimum charge or "lot" charge of $50-$150, which will probably cover it whether you choose gold or silver plating. If you can't readily find a plating shop to do it, a local antique dealer may have arrangements with one. Please be upfront with them about the glued bale because the plating process may dissolve the glue. Good luck.

Regards,

Ted Mooney, finishing.com
Teds signature
Ted Mooney, P.E.
finishing.com
Pine Beach, New Jersey


April 29, 2018

A. Hi, gold plating is cheap. It is incredibly thin. Greatest property of gold is ability to be spread/plated as thin as 30 atoms.
1 micron is 10,000 atoms thick.
That's 333 times thicker than needed.
Problem is gold platers know people are ignorant.
We pay as low as $.06 per part for gold plating. We gold plate everything we can.
example:

gold deposited at 1 micron x 160.9 x 33.5mm = .0054 mm^3.
gold density is 19.3 g/cm^3, which is .193 g/mm^3
amount of gold = .193 g/mm^3 x .0054 mm^3 = .001 g
gold price today is $42.36 per gram.
gold cost: $42.36 per gram x .001 g = $.042
double this for grins.
$.084

You can get the plating labor by looking at any process, say $.20 each to plate anything, qty 100.
Parts get dipped into a tank, no labor other than 22 seconds to dip, 5 seconds to monitor, 34 seconds to remove, 15 seconds to clean & inspect.
example:

a gold plating shop collects $300 from you for $.92 gold and labor x 100 pieces.
$208 profit.
if 25 orders a day x $208 profit = $5,200 a day.
laborers $9/hr, varies.

Somebody is greedy.
Yeah yeah yeah, plating shops have very low overhead; most are located in old buildings in high crime areas.

vern stoffel
- superior, Colorado usa



June 7, 2018

Q. Hi Vern,
I am new to plating. Setting up shop for jewelry so please excuse my ignorance.

So surface area of 160.9 x 33.5mm I am assuming this is a flat surface and it is in millimeters?

g/cm^3 - What does this mean exactly?

.0054 mm^3 - What does this mean exactly?

Thank you in advance,
Roberto

Roberto Martinez
- San Clemente, California


June 12, 2018

A. Roberto:

The measurement for surface area as you described is indeed in millimeters and would describe a flat, rectangular surface.

g/cm^3 is density - grams per cubic centimeter.

.0054 mm^3 means that the volume of whatever object that value is associated with is 54 ten-thousandths of a cubic millimeter.

Brendan McNamara
- Rochester, New York, USA



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