The price of gold and silver: why current events are important
Over the past two years, precious metal prices have been highly volatile. Both gold and silver have seen significant price increases, influenced by global uncertainty, inflation, geopolitical tensions, and increasing demand for tangible value. For those who pay close attention to jewelry, this is not an abstract concept, but something that is directly felt in the choice of materials and cost price.
As a goldsmith, I work with gold and silver on a daily basis. That means I follow these price developments closely. Whereas precious metals used to be relatively stable, prices can now change noticeably in a short period of time. Gold in particular has reached several peaks over the past two years, and silver has also become significantly more expensive.
Transparency about prices in the online store
On my website, I try to keep the prices of jewelry and wedding ring sets as up to date as possible. However, it is possible that a price has not fully kept pace with the most recent market developments. This applies in particular to unique pieces or jewelry that has been online for some time.
When someone is interested in a piece of jewelry or places an order via the webshop, I always check whether the price is still correct based on the current gold and silver prices before shipping. If there is a difference, I will contact the customer in good time to explain this clearly. This way, everyone knows where they stand, and there are no surprises.
Working honestly with valuable materials
Handmade jewelry is the result of craftsmanship, time, and high-quality materials. It is important that the price reflects all these elements. The basic principle is simple: I should not have to subsidize a piece of jewelry or a set of wedding rings. Honesty and openness are paramount, both towards the customer and in my own way of working.
Do you have questions about prices, materials, or a specific assignment? I would be happy to help you. In a time when value is becoming increasingly important, personal contact remains just as important.
