Why Has the Cost of Silver Jewelry Gone Up?

Why the price of silver and jewelry rose in the last year? Said asked. Some of our customers ask us why prices fluctuate and silver jewelry. Our answer is: for the same reason the price paid by injecting gas fluctuates from day to day. First and foremost, and silver is just a commodity such as oil, gold, gas, coal and others, and when the prices of these commodities like they have increased in the past year, the price of raw silver will be going in the right direction and along with them. The pound sterling, silver, jewelry, consisting of 92.5% silver (.925 Thus, all true stamps sterling pieces), copper 7.5%. Made of copper and silver more durable.

Silver rose to $ 12/oz crude from a year ago to more than $ 20/oz. Only last month it was down sharply to $ 18/oz under 14/oz dollars. Silver jewelry designer / producers do not make any more money by increasing the price of silver, jewelry, but not only recover the increased costs of raw materials. Most of the silver used for the production of sterling jewelry produced in Mexico or in any of Italy. A recent strike by union workers in Mexico is to increase the prices of domestic producers as well. Highlights of mining magazine article: miners in Mexico held a one-hour strike in support of anti-government protests metals production, but did not suffer, the country's mining chamber said. Some 20 branches of the Union laid down their tools, silver and gold-producing countries Guanajuato, Zacatecas and Durango for the first hour of every work shift, the union said. Mexico 's mining chamber said the strike affects only some mines in three states. "Stopping one hour ... were partial, with the majority of companies operating normally," Sergio Almazan, President of the Chamber of Mines said. "We did not see an impact on production." London-listed miner Fresnillo silver Ltd., one of the world 'largest silver producers and has mines in the States affected by the strike.

It can also tell you, many of the items, including world events that could affect the prices consumers pay in the jewelry store. One key indicator is the price you pay at the gas pump and goes, silver, jewelry price is rising too.