How silver bullion price effect the cost of jewelry?
The international silver bullion prices have increased dramatically in the past few months. The increase in silver price is based on many fundamental aspects. You can see the current silver prices at http://www.kitco.com and http://www.thebulliondesk.com As we have to buy fresh silver every day to meet the order demands, our purchase cost of silver increases. The cost of 1 kilo of pure silver has increased from Rs: 10,650/- from OCT 05 to Rs: 17150/- till first week on April 06.that is an increase on almost over 60%. As we use gemstone in jewelry therefore we even out the cost of gemstones and increase the price of only the silver used in jewelry. It is not decision of one company to increase the price of jewelry but each and every company selling silver related products including jewelry, electronics and photography products using silver will have to increase the price of their product. What shall you do? As a jewelry selling silver jewelry you need to keep updated your selling price.
