Hello Yellow! Dropping Gold Prices Make Gold Jewelry Hot



It was right before Christmas 2013 when Hillary Randolph knew gold was coming back. That’s when a customer visited her stand at the annual Grand Central Holiday Fair in New York City and bought all the gold jewelry she had on hand—$16,000 worth. “I thought, Oh my gosh, I am only three weeks in [to an eight-week show] and I wish I had some more!” ­Randolph says. She and her husband, designer Somers Randolph, own Somers, a Santa Fe, N.M.–based ­jewelry firm that has long specialized in silver.Many designers are finding themselves in similar situations, fielding more requests for gold than they have inventory. The news shouldn’t come as a shock, considering the price of gold has dropped nearly 33 percent in two years, from $1,752 per ounce in November 2012 to $1,180 at press time.There are, however, other reasons the industry is loving gold again. Demand for gemstone-free kara
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