[Jewelry making - Article 00437] - Re: [Orchid] Dealing with the increase in metal prices...

[Gerald]

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    I might be in error in saying scrapping for the sake of the rising
    gold prices. But to keep merchandise longer than one year or 18 months
    old is really ludicrous. That ring is almost out of style. New
    designs do come in. What was fashionable then is almost passe' now.
    Don't' expect a client to keep coming back and seeing the same ring,
    month after month. I once wrote an article in my first setting bookit
    was about not getting married to your jewellery inventory. 

    Think of divorcing yourself from those "dusty" purchases and SCRAP
    those olde mounts. Keep the diamonds (of course) but change your olde
    and unsold mountings. What you bought 18 months ago when the gold was
    lots lower can buy you newer stock. All you are losing is the labour.
    I don't say to sell everything, but be ruddy selective and now is the
    best time to do this. I took out over 500 diamonds for my client but
    those old rings were nice then, but notso nice now. He has his
    stones. He is melting his rings and using his new found money to buy
    nicer and more up to date merchandise. He hasn't melted everything,
    but was very selective as he went through his entire stock and had a
    "separation/divorce" on items that were down right old. I knew he was
    right, some of those rings are beastly now. 

Gerry Lewy!
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