How Fluctuating Metal Prices Affect Our Prices
In the last few years, the prices of Platinum, Gold, Silver & Palladium have gone through extreme fluctuations.
The price of silver increased from an average of $5.00 an ounce in 2003 to over $48.00 an ounce in April, 2011.
The price of Gold increased from an average of $350.00 an ounce in 2003 to over $1600 an ounce in July, 2011.
So, the big questions arise: How can we keep up with the metals market, price our jewelry correctly and keep our clients happy, especially in these volatile markets?
Since metal’s prices change often, sometimes daily, we have developed software which retrieves metals prices each day from Kitco.com (the authority on current metal’s prices) and translates those prices to the prices of our jewelry.
For example, the ring you bought last week, may appear to be a little less expensive today if the price of silver went down. Or the pendant you purchased at Christmas may be more expensive than when you bought it if gold has skyrocketed in the last month. On any given day, you may find the cost of our jewelry fluctuating slightly. But we feel this is the most accurate and the fairest way to reflect the real price of our jewelry.
Rest assured if your items are backordered or need to be special ordered the price you saw on the day you ordered it is the price you will be charged.
This new pricing approach allows us to focus our energies on the things we really want to be focused on; Customer service and New Design!
Live Market Quotes
Click these links to go directly to the Kitco site
Kitco Historical Gold Graphs- http://www.kitco.com/charts/historicalgold.html
Kitco Historical Silver Silver - http://www.kitco.com/charts/historicalsilver.html