The Cost of Gold Mining
This summer has seen gold prices continue to free fall, reaching near historic lows and certainly marking a huge departure from the high prices we've seen for the past two years. The dropping price of gold affects some of the clients who visit our showroom to sell gold. If they'd like to sell designer jewelry (think Van Cleef & Arpels, Bvlgari), the price drop doesn't affect the offers we make as dramatically (if at all). Same goes for gold watches. But when it comes to estate jewelry, or broken jewelry, or other gold jewelry valuable mostly for its metal, rather than resale, well the price of gold really makes it a difficult time to sell gold in Boca Raton - or anywhere else for that matter. At this time last year, our customers saw pleasantly huge offers on old jewelry they'd never wear, today they might consider a repair rather than an outright sale, or holding onto it with hopes that gold' price will recover. But while the markets determine gold's price, what's determining the cost of mining? Several complicated factors, it turns out, as evidence by this infographic first seen on Jewels du Jour, created by Visual Capitalists
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