BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Jewelers Adapt to Soaring Gold Prices by Using Less Metal
Jewelers Adapt to Soaring Gold Prices by Using Less Metal
7
2
BTCCSquare news:
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.
By:
Previous
3 Growth Stocks to Watch Amid Market Rally
Next
Banks Launch Operation Chokepoint 3.0 to Restrict Crypto and Fintech Access
