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Zuraini Yaacob, 44, said although she expected the low quality gold to have been mixed with other metals, the total lack of gold content was a shock.
"I bought the jewellery for RM20,000 (S$8,090) at a bank in Dungun during an auction on May 26, 2011.
"The next night a goldsmith in Kota Baru tested the jewellery and told me they were worthless copper."
She said she went back to the bank to inform them about her predicament but received a negative response which prompted her to lodge a police report at the Dungun police station on June 1, 2011.
Zuraini then went to the Consumer Tribunal but was told that it could only handle cases involving not more than RM5,000.
She reported the case to the Terengganu branch of Bank Negara Malaysia in November last year and lodged another report at the Kuala Berang police station on Sunday.
"I brought the jewellery to several goldsmiths to be tested and they all gave the same results.
"The incident has tarnished my name as a reputable gold trader," she said when met at her home in Taman Kenanga here yesterday.
She said it was not her first time dealing with low quality gold.
"Normally low quality gold would still have considerable gold content even if other metals were added to it."
State Commercial Crimes Investigation Department chief Superintendent Koh Ah Tiam said it was the first such case reported in Terengganu.
He said police would investigate all the related parties in the case and urged gold traders to be more careful to avoid being cheated.
