Ingot

An ingot is a mass of metal cast into a shape suitable for further processing.

Part of speech: noun
Definition: In the jewelry industry, an "ingot" refers to a piece of relatively pure material, usually metal, that is cast into a shape for easy storage, transport, and further processing. Ingots are often made from precious metals such as gold, silver, and platinum, serving as a standardized shape for creating jewelry or as a reserve for value. The process of casting metal into ingots involves melting the material and pouring it into a mould, where it cools and solidifies, preserving its purity and ensuring consistency in weight and purity for trade and manufacturing purposes. Ingots can vary in size and weight, catering to different needs within the jewelry making and investment sectors.