Handcrafted jewelry blog featuring information on semi-precious stones, metal, and jewelry. Independent artisans and websites showcased, along with accessories, stationery, and gift finds.

Saturday, April 29, 2006

The rising cost of silver & gold-fill

Thanks, at least in part, I am sure, to the rising cost of fuel, the cost of silver and gold-fill have gone up a full 45% in the last few months. This means those of you who haven't felt it yet will soon, and the cost of finished product is about to increase as well. Buy your silver fast, before the cost is affected. I went today to buy more chain for a custom project, and got hit hard, especially having quoted a price which had already been accepted based on the lower rates of just 2 months ago. I'm going to have to eat the increased price. Unfortunately, the higher wholesale rate means Dragonfly's prices must be raised as well, and I can not express my dissatisfaction with the situation enough. I strive to provide quality product at the lowest prices I can and still make labor, so the fact that silver has increased so dramatically really rankles. I feel it unfair to the consumer as well as the artisan, but I guess mining companies can't be expected to eat the higher price of production anymore than I can. If this offends or upsets you at all, you might try dropping a line to your congressman; those in government are the only ones with the power to truly affect the policies that take so much out of our pocketbooks.

One hard-working American to another,
Jenie

4 Comments:

Blogger Silver Parrot said...

I'm getting hit already - just got price increase notices from two of my vendors. I'm placing a big findings order today before the new prices kick in. At least one of my vendors was kind enough to have a big sale on the "old price" items before he raises prices.

11:39 AM  
Blogger Jenie said...

I am going to start ordering from New York. Those guys have the prices and will cut out the middlemen here in LA. But it sucks. :(

7:27 PM  
Blogger Silver Parrot said...

Yes it does, my friend, yes it does. On the other hand, I had a gal chat me up at the cafeteria today and try to get me to reveal all my vendor names to her because, you know, why would I want to keep that information confidential?

10:28 AM  
Blogger Jenie said...

I'm careful who I feed vendor info to. I think we discussed this, huh? I won't just hand it out to strangers; competition in this business is just too brutal. :(

7:34 PM  

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