Jewelers Adapt to Soaring Gold Prices by Using Less Metal
Gold prices have surged approximately 40% over the past year, forcing jewelers to rethink their designs to avoid pricing out consumers. Hollow jewelry, Gold plating, and mixed-metal pieces are becoming popular alternatives to solid gold, especially as the critical holiday shopping season approaches.
"Most shoppers don’t follow the commodities market, but they feel the difference when a simple gold ring now costs double what it did two years ago," said Karen Moran, owner of handmade jewelry brand Coral Strands. Higher-end customers, however, are still expected to pay premium prices for solid gold despite the inflationary pressures driving up costs.
Log in to Reply
Log in to comment your thoughtsComments
Related Articles
|Square
Get the BTCC app to start your crypto journey
Get started today Scan to join our 100M+ users