The Price of Gold

At Elaine B Jewelry, we are committed to offering you handcrafted, one-of-a-kind designs that are not only beautiful but also responsibly made. In addition, we pride ourselves on transparency as a small business. With that being said, we wanted to take a moment to let you know about upcoming changes to our pricing. Due to rising costs of precious metals and our continuous dedication to sourcing materials ethically, we will be implementing a price increase across some of our collections over the next few weeks. Our hope is that this announcement will help you plan your EBJ purchases accordingly (and help you get a great deal on gold!), especially going into the holiday season.

This is your chance to purchase your favorite designs now before prices increase to meet the current market rates.

xo Elaine 

Handmade Jewelry by Elaine B Jewelry.

Why Are Prices Increasing?

As many of you know, the price of gold and other precious metals has been steadily climbing. With a spike this year that has increased the price of gold 35% from the last year and 132% over the past 10 years. This is due to a combination of global economic factors, increasing demand, and the scarcity of ethical and sustainable mining practices.

The rise in the price of gold is impacting multiple industries - from electronics all the way to jewelry. With a recent Forbes article stating, “The value of jewelry continues to increase because of the unceasing global demand for gold jewelry, averaging nearly $300 billion in global market size annually with no signs of slowing.” 

According to experts in the industry, gold’s value continues to rise due to its historical role as a safeguard against economic volatility. The ethical sourcing of gold and precious metals also adds to the cost, as the industry moves toward transparency and sustainability, ensuring that the materials used are both responsibly and ethically obtained.

“Gold retains its intrinsic and historical value as a result of its unique properties and its entrenched role across various sectors of human life. From ancient currency to modern technology, gold is valuable because of its practical applications, symbolic significance and its ability to act as a safeguard against economic volatility. Despite the leaps in technology and changes in society, the reasons why gold has been valued for millennia still hold true today, and likely will continue to do so for the foreseeable future.” -Forbes

See how the prices of gold have changed throughout history here.

At Elaine B Jewelry, we are proud to be part of this movement, ensuring that every design we craft is sourced with care. This work isn’t new to us, however, we’ve put conscious sourcing at the forefront of our business since we opened our doors. 

You can read more about the price of gold here.

Refined gold by Elaine B Jewelry.

The Benefits of Ethical and Sustainable Jewelry

We’ve always believed that beautiful jewelry shouldn’t come at the expense of the planet or the people who bring these handmade designs to life. At the heart of our stone and metal sourcing process is the commitment to ethical practices. We do all of our design work, casting, fabrication, and stone setting in metro Detroit. Our metal refining and lab created diamonds are all done/created in the United States. We believe in the importance of thoughtfully sourcing our materials, which is why we form meaningful relationships with our suppliers to ensure that their values align with EBJ’s. By forming connections with reputable partners, we can guarantee that every design in our collection is sourced responsibly, with respect for both the environment and the communities involved. But as we align our values with the highest ethical standards, production costs have naturally increased.

Recycled gold, while often touted as a more sustainable option, doesn’t always solve the root problems of transparency and ethical mining. We’re committed to doing things the right way, which means paying a premium for truly responsibly sourced materials. 

Read more about our ethical sourcing practices here. 

Learn more about the underlying issues with recycled gold here.

You can also find a reel about our gold recycling on our Instagram page!

One-of-a-Kind Engagement Rings Handmade by Elaine B Jewelry.

Don’t Wait – Shop Before Prices Go Up!

If you’ve had your eye on a specific design or are thinking about expanding your jewelry collection, now is the perfect time to make that purchase. With our price increase rolling out over the next few weeks, this is your last chance to get your favorite jewelry at current prices. Whether it’s a custom-designed piece or a signature design from our collection, purchasing now ensures you lock in today’s price before costs rise.

Looking for a more affordable option? Vermeil is a great choice! It is durable with beautiful gold coloring. Vermeil is made with a sterling silver base and a thick 18k gold layer.

Shop Vermeil Jewelry here.

Think Ahead, Buy Now

At Elaine B Jewelry, we pride ourselves on transparency. Fine jewelry is an investment, and with the rising cost of gold and other precious metals, now is the best time to buy. Our jewelry is made in our metro Detroit studio by our in house team. Our dedication to ethical sourcing and high-quality craftsmanship means you’re not just buying jewelry; you’re investing in a piece that’s built to last – and made with integrity. 

Meet our beautiful team at Elaine B Jewelry!

We’re excited about the future of Elaine B Jewelry and our continued efforts toward sustainability, and we want you to be part of it. Shop now before the price increase, and secure timeless, ethically sourced jewelry that you’ll treasure for years to come. 

Don’t miss out – visit us online or in-store today! 

Shop All Engagement Rings here. 

Shop Wedding Bands here. 

Shop All Collections here.