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Your Diamond Engagement Rings, Wedding Rings, and Wedding Bands Will Get More Expensive.
That's right.
Buying your gal a diamond engagement ring, wedding ring, and wedding band will become more expensive if present trends in the precious metals sector continue.
Due to the falling dollar, Precious metal prices are climbing. Gold is at $675/oz, Platinum is up 11 dollars today at $1211/oz, and Silver is up to $14/oz.
Analysts predict continued increases in Precious metals pricing as the Dollar continues being weak. As a result, Jewelry manufacturers will have no recourse but to increase their prices. Indeed, Jewelry designer Vatche Diamond Engagement Rings has already increased their prices by 4% as of February 1st.
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Comments
While the price of metal may rise, that effect upon an engagement ring is minimal compared to the overall cost. Remember the engagement ring is mainly the center diamond.
Larry Horowitz
GersonandHorowitz.com
Posted by: Larry Horowitz on February 14, 2007 3:18 PM
Larry,
Your point is duly noted.
My compliments on a beautiful website BTW.
Please chime in here anytime.
Your input is always appreciated.
Regards,
Posted by: Judah on February 14, 2007 4:07 PM