The Jewelry District, Episode 14: The Coronavirus, Spiking Gold Prices, and Fashion Week

Note: This episode was taped on March 2, and does not reflect the latest news regarding the coronavirus (COVID-19).

In This Episode
In this episode of The Jewelry District you’ll hear JCK editor-in-chief Victoria Gomelsky and news director Rob Bates talk about the visible effects of the coronavirus (COVID-19) on their hometowns in New York and California and what effects it continues to have on the jewelry industry at large. You’ll also hear them talk about how the international scene has affected gold prices and what’s trendy at fashion week. Rob and Victoria wrap up with a Weird Story of the Week.

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Show Notes
00:30 Rob and Victoria discuss the effects of COVID-19
08:55 Rob brings up how we’re seeing a spike in gold prices
10:33 Victoria discusses the trends we’ve been seeing throughout fashion week
12:03 Weird Story of the Week

Episode Credits
Hosts: Rob Bates and Victoria Gomelsky
Editor: Olivia Briley
Producer and engineer: Natalie Chomet

Show Recap

Keep Calm and Wash Your Hands
In early March, everyone was beginning to grow a little fearful of COVID-19. Rob noticed an increase of people with face masks walking around and an abundance of Purell in the office. COVID-19 has caused the cancellations of both Baselworld and SIHH—and you’ll hear what that could mean for those shows in the future.

Gold Prices Spike
COVID-19 isn’t the only international event that’s having an effect on the jewelry industry. A general climate of uncertainty caused the price of gold to spike at $1,600. In 2018, the average price for the year was just below $1,300—and this year people are predicting the average will be at $1,500. Hear what that means for people who own a bit of gold!

Trends of Fashion Week
Fashion week pushed on regardless of coronavirus-induced panic. Victoria notes the trendiest things to hit the runway were pearls, fringe, feathers, and solid gold links. If you’re not at fashion week—what can you do? Stay home and support your local businesses!

Weird Story of the Week: Toilet Edition
Rob tells another Weird Story of the Week—and this one’s a trip. A Dubai, United Arab Emirates, museum and art gallery has revealed a diamond-encrusted toilet, introduced by Coronet, an Aaron Shum jewelry brand. With 4,815 diamonds (334 cts. t.w.) valued at $1.28 million, it could make anyone’s trip to the restroom sparkle. The jeweled throne even set a Guinness World Record for the greatest number of diamonds set on a toilet bowl.

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