Gold has soared this year, putting a squeeze on jewelers' prices and gross margins. Smaller companies like Automic Gold, a fine jeweler in New York, may pass costs to consumers. Larger companies like Tiffany & Co. are more likely to see gross margins take a hit. Recycle markets for jewelry are booming as consumers look to cash out gold assets. Read more on Business Insider. Al Sandimirova checks the price of gold every single day.
Gold has soared this year, putting a squeeze on jewelers' prices and gross margins. Smaller companies like Automic Gold, a fine jeweler in New York, may pass costs to consumers. Larger companies like Tiffany & Co. are more likely to see gross margins take a hit. Recycle markets for jewelry are booming as consumers look to cash out gold assets. Read more on Business Insider. Al Sandimirova checks the price of gold every single day.
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