If you’ve been selling jewellery for any length of time, you will have noticed increases in silver prices across the board. This increase will have affected any jewellery with a sterling silver component: rings, pendants, chains, as well as bracelets. Changing suppliers or finding new wholesalers or importers will make little difference. Unlike Costume Jewellery, silver has a fixed price on world markets, so bargains are next to impossible to find.

Silver prices have increased 106% in the past two and a half years, and more significantly, a whopping 33% since mid December. The driving force behind these increases is not an upsurge in silver jewellery sales, but rather the alternate uses for silver such as in electrical conductors, photographic film and disinfectants. The emerging markets of China, India, Russia and Eastern Europe are key players in these industries, which show no signs of slowing down.

What does this mean for Sterling Silver Jewellery?

Unfortunately, it means that prices are rising, and that they will continue to rise. Manufacturers are paying more for the silver they use, and those costs are passed along the chain to importers, wholesalers, retailers, and the end customer.

We always list the weight in grams of each Sterling Silver item we sell, and try to price each item as reasonably as possible. Despite the recent price increases, we’re still very competitively priced, and are fully confident you won’t find our lines at such low prices elsewhere.

Going forward, we will endeavour to keep our sterling silver prices as low as possible.