Gold as an investment is a different proposition to a ring bought as a present.
I read the appeal ruling in Royal Diamonds Pty Ltd v Buttle. Though it is only a NCAT ruling and may be appealed.
Much will depend on what you actually know or are deemed to know. Imputed knowledge is likely to be your Achilles heel plus better pleadings in general, and equity in particular by the seller in your instance could see a reversed result.
I read the appeal ruling in Royal Diamonds Pty Ltd v Buttle. Though it is only a NCAT ruling and may be appealed.
Much will depend on what you actually know or are deemed to know. Imputed knowledge is likely to be your Achilles heel plus better pleadings in general, and equity in particular by the seller in your instance could see a reversed result.