2011年5月24日 星期二

Despite last week’s blip in the spiralling price

Despite last week’s blip in the spiralling price


Despite last week’s blip in the spiralling price of silver,Take advantage of our replicawatchesstore today. many jewellery suppliers have begun to concede that price adjustments are “inevitable” and one manufacturer has already taken action.

Although silver prices dropped from US$49 ($46) to US$34 ($32) an ounce last week, suppliers remain wary about the soaring cost of the precious metal.

Doron Berger,This burberrybagssales did not buy this watch at auction and instead tried to sell it .Far More Than Hats rolexfakewatches, co-owner of sterling silver jewellery manufacturer Blue Turtles, was last week forced to issue a price rise notification to all his stockists – telling them that the state of the market made a price adjustment “inevitable”.

He explained, “If you’ve been keeping up with the financial news lately, you’ll be aware that the price of precious metals has risen sharply and consistently over the past few months. Silver has been particularly active, with the price rising by as much as 50%.

“Consequently we now have to adjust our prices quite significantly. We've held out for a while,newwatches is proudly powered by WordPress and WPMU Theme pack. giving you the opportunity to take advantage of Mother’s Day at original prices, but a price adjustment is inevitable.”

Berger’s announcement came amid news of silver’s surprise price drop. However he told Jeweller that, despite the dip, Blue Turtles still needs to raise product prices to maintain profit margins.

Other suppliers remain cautious about escalating silver prices. Georgini director Gina Kougias said, “Although silver prices have dropped in the last week, my feeling is that they will rise again later in the year.”

Georgini specialises in rhodium-plated sterling silver pieces with cubic zirconia. It has not raised its prices since February 2009 but Kougias said it would be forced to do so again in the face of escalating silver prices.

“Since starting business seven years ago, we have only had the one price rise. We can’t keep absorbing price rises for much longer,” she warned.Buy Iwc schaffhausen iwc from portalwatches.

Silver jewellery brand Najo’s managing director Jo Tory agreed with Kougias regarding the dip in silver prices.

“Obviously the market is very volatile and it is subject to speculation. However, I don’t think the dip will continue. I think the market has made a huge correction and the bubble has burst. Perhaps momentarily or perhaps silver has found it’s correct level. It’s hard to say,” Tory said.

Bunny Bedi – owner of Made in Earth Creations which designs, manufacturers and wholesales unusual gemstone pieces set in sterling silver – said his prices were protected at present because he had previously bulk-bought silver at a lower price.

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