Gold prices have hit new record highs. They have been strong for the last 12 months and since the Russian invasion of Ukraine but the latest spike is perhaps due to the economic uncertainty over some of the European banks.
As well as gold, natural diamonds have also increased in value by over 15% overall since last year, unlike their ‘lab grown’ equivalents which have now fallen back in value over recent times with the price of a 3 carat stone now worth half of what it was in 2021.
GOOD AS GOLD……
Gold has always been the fall-back position at times of economic uncertainty and there is no surprise to see the yellow metal being bought and sold in volume as the markets fluctuate and people want to put their cash into a safe haven.
WHAT MAKES GOLD SO RARE
AND VALUABLE?
Did you know that there are no naturally occurring processes that produce new gold… at least on Earth anyway. The process by which gold is created takes place in outer space! Gold is formed when stars explode or collide, only then are the necessary energy and conditions right to create gold. Therefore, all of the gold found on earth today has originated from meteorites that have crashed through the atmosphere over billions of years and it is believed that over $770 trillion of gold still lies hidden in the ocean.
Those who are fans of Aussi Gold Hunters on TV will be very familiar with the excitement of metal detectorists when they get a ‘signal’. You can get just as lucky in your own house going through those drawers where you deposit the things you never wanted to throw away and find a small fortune in old or scrap gold that you probably forgot you had.
An average wedding ring weighs around 3.5 grams, the weight of a 1 pence piece, and if it’s made of 22ct gold then its worth over £140 in metal value alone at today prices – no wonder those Aussis put up with all the flies!
DIAMONDS HOWEVER ARE A DIFFERENT STORY ALTOGETHER……
In 2020 Russia produced 30% of the world’s diamonds. They mined 19 million carats of diamonds followed only by Australia who mined 40% less at 12 million.
Only 20% of all production makes it to the status of valuable polished gemstones as almost half of the world’s mined diamonds are used for industrial purposes as ‘rough’ diamonds used in cutting, drilling and polishing.
SECOND HAND – NOT SECOND BEST…….
As a result, pre-owned jewellery is a bargain right now compared to its new equivalent and you can expect to pay almost half the price for second hand jewellery compared to the new equivalent piece. So do not miss the opportunity to get shopping at Christopher Brown Jewellers and find those bargains in our stores.
PAWNBROKING LOANS…….
As inflation and interest rates creep up, the bills still need paying. Why leave your gold or diamond jewellery sat in a box when they could be helping you with your cash-flow instead?
Recycling is a regular part of our everyday culture and more and more people are beginning to apply the practice to their jewellery.
Gold-cycling has become a popular theme of recent years and while some customers have used their items for loans, not wanting to part with their precious goods, others have sold their jewellery and watches outright and used the money for summer holidays, to pay off bills or simply to buy something new. You will be pleasantly surprised with how much you can raise and if you use our pawnbroking service, you remain the owner of the goods and you can simply collect your jewellery or watches when you repay your loan and interest, which can be at any point during the term of the 7-month contract.
Christopher Brown Jewellers have branches at York, Seacroft, Shipley, Pontefract, Stockport and Prescot and have Brown and Gold stores at Batley, and Toxteth.
Call into your nearest store to discuss a loan, sell your gold or view our fantastic collection or pre-owned diamond jewellery and luxury watches. Now is the time to goldcycle so call in now and make your jewellery work for you!
To find out more, visit our website www.christopherbrownjewellers.co.uk to browse our latest lines or if you want to hunt out the real bargains visit our stores directly and find that special piece before its too late!
