Gold prices and settings

[pregcurious]

Now that gold prices are falling, has anyone noticed if there has been a dip in the price of settings?

 

[chrono]

None; just like petrol, the price hike is immediate but the price decline takes a while. Stock settings will remain at old prices and there might be a slight dip in custom setting costs if the jeweller needs to order the metal. Labour for custom is unlikely to move and will stay high.

 

[minousbijoux]

No, its pretty much referred to as the ratchet effect as prices go up but do not really come down...

 

[katharath]

Agreed . And I've been watching certain sites fairly closely, too. It's annoying seeing some places even charging higher prices for settings - I'm definitely not naming any names, but I watch a lot of etsy seller's stores pretty regularly, and I've seen increases at a couple of them. It's certainly their right to charge what they want; I'm not happy about it though . I guess what irks me is that a lot of etsy jewelers cast their rings on demand, so they're not sitting on older, more expensive stock - they could definitely be offering today's cheaper prices, isn't that correct? Or am I missing something?

I just want to see cheaper settings, dangit!!

 

[michellechan2211]

Nope I've been keeping an eye out for settings myself and it seems like prices aren't coming down very much (if at all).

 

[pregcurious]

Hmm...I am sticking with platinum then.

 

[JLW05]

I was wondering about this myself a few days ago, but as I checked some sites, it was depressing to see no drop in setting prices.

 

[chrono]

Yup, that's why I stuck with platinum instead of 18K YG too.