Which one is better, Qianzhiyin or Wanzuyin?

There is no difference between a thousand pure silver and a thousand pure silver. There is no difference between thousands of pure silver and ten thousand pure silver. The price tags of each store are marked with pure silver, and the exchange and recycling prices are also the same. This is just a gimmick for businesses to make profits.

On May 4 this year, the state enforced the "Regulations on Purity and Naming Methods of Precious Metals in Jewelry" and made new regulations on the purity of gold, platinum, palladium and silver. When the purity reaches 990‰, all of them must be used. It is represented by gold, pure platinum, pure palladium, and pure silver. Even silver bracelets with a silver content of 999 parts per thousand or 9999 parts per ten thousand can only be collectively called "pure silver bracelets." Some merchants secretly promote the same products in exchange for higher prices.

There is no difference between pure silver and pure silver. Director Zhang of the National Gold, Silver and Products Quality Inspection Center (Changchun) said. The newly promulgated "Regulations on Purity and Naming Methods of Precious Metals in Jewelry" does not restrict high-content products such as "Thousand Pure Silver". Companies can still clearly indicate the precious metal content of their products to consumers through their own standards.

However, according to the national regulations on the naming of precious metals, "thousands of pure silver" is the highest purity standard for silver jewelry in the national standard, and there is no relevant provision for "ten thousand pure silver" in the standard. With the precision of existing instruments, even if the purity reaches 99.99%, it will be difficult for ordinary testing institutions to detect it. "Wanzuyin" actually takes advantage of the national standards and has no practical significance.

Extended information

Professionals said that according to the new purity regulations and naming methods of precious metal jewelry, commercially available precious metal jewelry is collectively referred to as "pure gold" as long as the purity reaches 990%. "Pure silver", the previous name of "thousands of pure gold" is no longer used. There is not much difference between the so-called "thousands of silver" and "ten thousand pure silver". This is just a gimmick for merchants to make profits.

Even silver bracelets with a silver content of 999 parts per thousand or 9999 parts per ten thousand can only be collectively called "pure silver bracelets." Some merchants secretly promote the same products in exchange for higher prices.

The industry is not optimistic about silver jewelry investment

The investment attributes of silver are getting weaker and weaker. The person in charge of a jewelry store said that the cost of silver materials accounts for a low proportion of the retail price, and the charm of silver jewelry is far different from that of gold jewelry. The cost of small silver jewelry mainly lies in the craftsmanship fee, and the raw materials account for a small proportion. Take a "Thousand Pure Silver" bracelet with a price of 400 yuan and a weight of 20 grams as an example, reaching 20 yuan/gram. According to the spot price of 4.07 yuan/gram on September 12, the raw materials only account for one-fifth of the selling price.

Reference material: ifeng.com - What kind of silver is "Wanzuyin"?