Silver Purity Explained: Understanding Fineness and Grades
Silver purity is measured by fineness, which indicates the percentage of pure silver in an alloy. For example, 999 fineness means 999 parts out of 1000 are pure silver. Fine Silver contains 99.9% silver content with minimal impurities, making it the purest form available to consumers.
Sterling Silver is the most common grade used in jewellery and household items, containing 92.5% silver and 7.5% other metals, usually copper. Britannia Silver contains 95.8% silver and 4.2% other metals, introduced as a higher standard than sterling silver in Britain in 1697.
The daily silver rate online is just a benchmark, with the final showroom price always being higher due to making charges (varying by design) and 3% GST. The weight of embedded stones is excluded when calculating the net silver weight for pricing in studded silver jewellery.