Sky High Silver

I have been getting a lot of questions from people regarding the price of silver and how it affects my prices.

As you may know, gold and silver prices are sky high now.  Today's price for gold is about $1341/oz and silver is about $25/oz. To put that in perspective, it was a mere $14/oz just a couple of years ago.   Since the silver first needs to be manufactured into sheet, wire or granules the cost to jewelers is higher than the market price.  For me,  current prices translate into a cost of about $7+  for every square inch of a finished piece, more for thicker pieces .  This escalation in prices has a huge impact on the jewelry industry... not just in retail prices but in what jewelers are even designing.

One interesting effect is the elevation of silver jewelry to the category of fine jewelry.  As gold jewelry becomes so expensive that most people can't afford it, jewelers are turning to silver as an alternative.  Precious stones and elaborate pieces that you would have only found in gold a few years ago are now being made in silver and jewelers are finding these pieces to be profitable.  The phrase "silver is the new fine jewelry"  has even been turning up in several trade publications lately.

So how does this affect what I do?  The current market definitely forces me to increase my own prices because my materials have gone up significantly. The increase on my own work though is actually pretty modest...maybe $5 or $10 for a piece.  This is because it takes several hours to make each piece so a large portion of my price is labor costs which I have not changed.  Where I get slammed is on the chains that I include with my pendants.  These have gone up 30% or more.  The price of components such as the little silver beads and jump rings I finish some of my toggle or beaded necklaces with have gone through the roof.

The price of silver has got me thinking in new ways and the trio of earrings in the photo above illustrates some of the things I have been doing in response to the current market.  To get a big bold look that still incorporates silver (and most importantly silver where it touches the ear) I have been experimenting with other metals.  The two pairs of earrings to the right combine sterling silver with brass.  I gave the brass a brushed finish which brightened it and gives it the look of brushed gold.  Both are statement earrings yet I can sell them for only $66.

The peridot earrings on the left are my first experiment with "reclaimed silver".  I was in an upscale consignment shop a couple of weeks ago and bought some really ugly solid sterling collars for a song.  They were worth more as scrap than what I paid.  I have been cutting pieces from them and incorporating them into my work.  The ear wires and the peridot portion of the earrings are all new silver and the bottoms are the reclaimed silver... cut, filed, textured and polished by me.  The result is a lot of silver and peridot for only $72.  I'm not sure if I will ever stumble upon an opportunity like that again but I am certainly going to keep my eyes open from now on.

Berry Bracelet

Here's another post about inspiration.  This time it is far less concrete...definitely a very abstract interpretation.

Early this fall while at my son's soccer game I noticed this brilliant mass of wild berry bushes.  They were absolutely breathtaking.  The bushes, which were at least 8 ft tall,  were covered in brightly colored berries in a crazy mix of hues that I have never seen in nature before.   Blue, teal, periwinkle, seafoam, violet, purple, magenta...sometimes all appearing in the same cluster of berries.  Simply striking.

Of course such a sight got me thinking and this bracelet is what came of it.  It is a very chunky solid sterling silver cuff that makes a statement big enough for Wonder Woman.  I also scattered three 6mm bezel set cabochons throughout the bracelet in colors that reminded me of those wild berries....iolite, amethyst and garnet.

The cuff will make it's debut at our show tomorrow.

By the way, I would love to know what kind of berries these are...anyone have a clue?

Inspiration

 

I thought that it would be neat to start a series of postings where I explain my inspiration for particular pieces. 

Sometimes I see something that inspires me in more of an abstract or conceptual way or in this case very literally.  I love sculpting flowers and do a few each season. Only very specific flowers lend themselves to the methods of handforging.  I have even had to take flowers apart to see exactly how they are constructed.  It is fascinating to study something that at first glance looks so simple but in reality is rather complicated.  Ascetically, there also has to be a certain symmetry to the flower for it to make an attractive piece of jewelry.

Particular flowers seem to have a lot of sentimental meaning for people.  I have heard so many stories from women who have bought my flower pendants or who have commissioned one.  The calla lilies that were in a woman's wedding bouquet.  The dogwood that was outside her grandmother's house.  The gardenia that was the favorite flower of her mother.  The violets her child used to pick for her in the yard.  

I wonder who will buy this magnolia and why.  Someone who grew up in the south?  Someone who vacations in the Low Country?  Maybe someone whose whose inner Southern Belle is calling to her.