Dear Friends,
You probably know by now that soaring prices for precious metals are at record highs. Economic uncertainty and inflation are driving investors to gold and silver safe havens. This is also a fundamental transformation and not temporary driven by tariffs, supply deficits and the industrial demand for precious metals for solar and AI technologies. Silver has gone up 69%.
These conditions are also driving up prices for gemstones affecting access and affordability for consumers.
GOLD $5,418.00 per troy ounce SILVER $116 per troy ounce
This impacts everyone! Both large jewelry businesses and small boutique jewelers like me. Regardless, as the customer, you will also experience the consequences.
What does this mean for my business?
In brief, this means that I will need to raise the price of my work. This will not impact the designs that are currently ON SALE on my website.
Given these conditions and challenges, my commitment to you remains unchanged: I will uphold the same level of design excellence using the same beautiful materials as before.
Thank you for understanding!
Barbara Weber Yoffee
