[Jewelry making - Article 00002] - Re: [Orchid] Costs of materials

[will and julia]

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Hi all,

    I gave myself permission to start working in gold when I started my
    own line of forged silver jewelry. The price of silver: $7 an oz.
    Gold? Some ungodly amount. Same amount of labor to produce a design
    in either silver or gold, but which would you rather, double $7 or
    double gold price? Silver is fun, less expensive, and I do the bulk
    of my business in it. But I do sell the gold fairly frequently, too. 

    Another way to cut costs is to buy 14K wedding bands at pawns shops
    (at our store we sell them by weight for $8.50 a gram) and melt, cast
    an ingot, saw into strips, and draw down into wire. (I make all my
    wire and sizing stock at the store this way.) This was very
    cost-effective for me when I first started out, as I was making
    little gold and had little capital. But I have worked hard and been
    lucky, and now I think my time is better spent making, so I let
    Hoover and Strong do the dirty work. 

My 2 cents!!
Julia Newton
Wilson, NC USA

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