US EditionAP PHOTOS: Economic jitters and soaring gold prices create a frenzy for US jewelry merchants
- Amid soaring gold prices and economic uncertainty in 2025, jewelers in Los Angeles and across the U.S. Report a surge in customers selling or melting old jewelry.
- This surge stems from volatile markets, inflation fears, and changing tariff announcements by President Donald Trump, which drive people to convert family heirlooms into cash.
- At the St. Vincent Jewelry Center, an assortment of rings and necklaces weighing roughly 3.2 troy ounces was melted and valued at $177,000, highlighting high gold demand and volume.
- For instance, a bracelet made of 14-karat gold featuring detailed blue enamel that could be converted into a brooch recently sold for $3,200 based on its troy ounce gold content, while a similar 10-gram 14-karat gold bracelet is currently valued at approximately $900.
- Although some jewelers face squeezed profit margins due to tariffs and sourcing costs, experts say gold prices could keep rising if market fear and uncertainty persist.
77 Articles
77 Articles
Economic jitters and soaring gold prices create a frenzy for U.S. jewelry merchants
At the biggest jewelry center in the United States, Alberto Hernandez fired up his machine on a recent day and waited until it glowed bright orange inside before shoveling in an assortment of rings, earrings and necklaces weighing about as much as a bar of soap: just under 100 grams,…
Gold Prices Surge Past $3,500, Sparking Historic Jewelry Sell-Off
At the biggest jewelry center in the United States, Alberto Hernandez fired up his machine on a recent day and waited until it glowed bright orange inside before shoveling in an assortment of rings, earrings and necklaces weighing about as much as a bar of soap: just under 100 grams, or 3.2 troy ounces. Minutes later, the bubbling liquid metal was cooling in a rectangular cast the size of a woman’s shoe. An X-ray machine determined it was 56.5% …
Economic jitters and soaring gold prices create frenzy for jewelers
LOS ANGELES — At the biggest jewelry center in the United States, Alberto Hernandez fired up his machine on a recent day and waited until it glowed bright orange inside before shoveling in an assortment of rings, earrings and necklaces weighing about as much as a bar of soap: just under 100 grams, or 3.2 troy ounces. Read more...
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