Diamond & Jewelry News, Advice and Prices for Consumers
Diamond & Jewelry News, Advice and Prices for Consumers
May 29, 2010
I've heard that gold prices are reaching new heights. Isn't it supposed to be the other way around in such times of economic recession? Do jewelry consumers still purchase gold in high rates or are there other reasons for gold's value increase? Is there a trend that gold's high prices chase consumers off to other precious metals?
June 3, 2010
Because gold serves as an investment and not only as jewelry, then the jewelry market might suffer from high gold prices even if the demand for gold jewelry pieces is on the downturn.
In order to adapt to the high gold prices, many jewelers are indeed turning more towards other precious metals, like steel, titanium and tungsten, as well as to designs that have lower gold density. Light weight jewelry and colored gemstone jewelry are also becoming more popular and are offered for much more reasonable prices than gold items.
May 31, 2010
May 30, 2010
The price of gold has been steadily rising and is possibly even stronger than ever before, partially due to the fact that people have lost so many of their other assets due to the economic crisis. One of the results of the recession has been a need to sell whatever precious commodities we have at our disposal in order to survive, and a big one is the selling of gold and gold jewelry. In general, a few other issues that could influence the price of gold are wars, bank failures, and such.
