When Gold Prices Go Up, Jewelry Prices Follow

On Jan 1, gold was priced at slightly less than $1,550 an ounce; by Oct 1, it was hovering at $1,900 for the same amount.

In June, Ms Monvoisin's company purchased two kilograms of gold, when the price was around $1,700 per ounce Prices of all its solid gold items will rise, some by around 20 percent, according to Emma Burgin-Fox, the brand's creative director.

A thin textured gold band with a 0.25-carat diamond that now retails for 1,730 pounds, for example, will be £2,100.The brand also is considering increasing the prices next year of its gold-plated pieces, including pairs of earrings in the shape of bees and bunnies that retail for £120 now Even the prices of pieces with only small amounts of gold may change "Balancing out the price of gold with other materials is what I've seen quite a lot of," said Ruby Beales, the jewelry buying manager at Liberty.

"It's precious metals, but it's incorporating agate beads and mother-of-pearl You still get a fine product, but it's mixing in lots of other fun colors and different beads." The store's demi-fine selection for the holidays includes necklaces and bracelets from the London-based brand Aurum + Grey that are made mostly of beads crafted from semiprecious stones, with a few gold ones mixed in, and priced at £110 to £145.Although sales of gold jewelry are down over all - they decreased globally by about 29 percent from July through September in comparison with the same period last year, according to a recent report from the World Gold Council - demi-fine sales have stayed strong. . Source