30/01/2026
Afternoon all, I just wanted to take a minute to have a little PSA about metal prices. As some of you know, due to various global events and geo-political issues that have been occurring on a near-daily basis for the last few years the raw material costs of the metals we use in our jewellery has changed, and not in a small and insignificant way. For example, on the 1st of January 2025 1oz of gold was £2,200 and yesterday it peaked at an all-time high of £4,000! That is an 81% increase in just over 12-months. Silver in January 2025 was £25 for 1oz, yesterday it hit £85 per oz! 240% increase! Insanity. We are a small independent business with 3 members of staff and we are struggling to keep up with these ridiculous price fluctuations. But our suppliers aren't and they are only too happy to pass the 'up-to-date' prices onto us. What we're saying is, that we are trying our best to try and price things accordingly so that we can continue to operate as a business and we just wanted to pass on the information to our clients so that they can see why our prices are what they are (as you don't tend to buy jewellery regularly and the prices will have changed since you last looked). Remember: Jewellery is a luxury item to be treasured, we will still stock things to suit as many budgets as possible, but please understand that the cost of things and repairs will have increased accordingly. We appreciate all of you who continue to support us and we will keep going for as long as we can swimming against the tide of something that is out of our control. Kindest regards P.W.House Jewellers.
