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Strategy to reduce cost of wedding bands
Jan '08
As gold prices rise to historic levels, the prospect of buying wedding rings may seem daunting.

What's a couple to do?:
Ecological jeweler greenKarat offers a strategy to reduce the cost of wedding bands.

Its myKarat program recycles broken and unused jewelry given by family and friends. Couples receive store credit for the gold.

With the cost of an average wedding swelling to $20,000, the savings will be welcome news to a couple on a tight budget.

"When you think about it," says greenKarat's Matthew White "giving the couple an unused class ring or a broken chain is an easy way to help out. With gold topping $900 an ounce, it adds up quickly."

Couples can recycle just their own pieces, or enroll in the myKarat Registry to gather more. Friends and family visit the online registry to pledge their gold.

Instead of buying the couple a toaster, they can help them create the wedding rings of their dreams. And they don't even have to open their wallets.

The collected gold itself can be used to make the new rings, a service not offered by most jewelers. Says White: "There's a sentimental bonus in knowing that your rings are made with gold given by your loved ones, or with gold from Grandma's heirloom ring. That makes the wedding rings a potent symbol of the family's support for the marriage, too."


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