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BULLION PRICES ROCKET and will effect wedding ring prices


While generally lacking in confidence the financial markets maintain their interest and confidence in precious metals i.e bullion, driving up prices. This year we have already seen huge gains in the market prices of Platinum, Gold and perhaps the surprise star Palladium.


The DiamondGeezer.com metal buyers recommend couples, looking to secure their wedding rings, do so sooner rather than later to avoid further hikes in the speculative bullion market. Rememeber that the prices of bullion as a trading commodity are set twice a day in London & New York and new values, while not immediately passed on, are instantly reflected in the prices all jewellery manufacturers, including DiamondGeezer.com have to pay.

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An octagonal step cut diamond that sold for considerably more than its estimate was one of the highlights of a recent New York auction.

Demand for diamond jewellery was high at an auction that took place in New York recently.

Among the biggest sellers at Leslie Hindman Auctioneers' Fine Jewellery and Timepieces auction was an octagonal step cut diamond set in platinum and weighing around 15.2 carats, which was bought for $158,600 (£101,790) – far exceeding the upper estimate of $50,000.

Also popular was a pair of platinum and diamond snowflake earrings, which sold for $36,600, while irradiated green and yellow diamonds fetched $56,120 and $43,920 respectively.

Commenting, gemologist Alexander Eblen noted "record bidding" on fine diamonds took place at the event.

"The sale's most contested lots drew as many as 18 telephone bidders," he observed.

President and auctioneer at the firm Leslie Hindman noted many buyers are investors who are looking to use their money to make "reliable material [purchases]".

Famous diamond jewellery is set to go under the hammer in New York later this month in the form of a necklace once owned by Princess Diana.

DiamondGeezer.com Signature Diamond Solitaire in Hallmarked Palladium

Leading UK online diamond jeweller & jewellery manufacturer DiamondGeezer.com welcomes the new compulsory hallmarking of palladium jewellery which became law in the U.K on the 1st January 2010.    There has been a voluntary hallmark for Palladium since July 2009 and over 40,000 pieces have been voluntarily hallmarked in the last six months. DiamondGeezer.com believes that this demonstrates the potential popularity of this newly recognised precious metal.

Hallmarked Palladium & 18ct Yellow gold Celtic wedding ring design by DiamondGeezer.com

DiamondGeezer.com has been successfully manufacturing diamond rings & wedding rings in Palladium for the past 5 years. Much of the jewellery industry see this pure, noble white metal as a threat to more expensive platinum sales, whereas DiamondGeezer.com offer it as an alternative to 18ct white gold. Being naturally white, unlike white gold, Palladium is a hard, low maintenance metal that meets current trends and opens up huge opportunities to create affordable, practical, innovative pieces of fine diamond rings, wedding rings & diamond jewellery using the metal.

From January 1, 2010 hallmarking became a compulsory legal requirement for all palladium articles weighing over 1 gram.  The recognised fineness standards are 500, 950 or 999 parts per thousand, the 950 standard is the recognised quality for fine jewellery. Palladium has much in common with Platinum – it is very white, does not require plating and does not tarnish. It is less dense and less expensive and the consequences of mistakenly identifying Platinum as Palladium are eradicated by the new hallmarking shape which was introduced on the 1st January 2010 and replaces the initial trapezium shape.

Platinum Fineness Marks

Palladium Fineness Marks 2010 onwards

Hallmarking has protected the U.K consumer and ensured the U.K. jewellery industry operates exacting, high standards for over 700 years. No piece of fine jewellery can be sold as silver, platinum or gold in the UK unless it has been hallmarked (subject to certain exemptions). The palladium mark is made up of three compulsory symbols, the sponsors mark, identifying who submitted the item for hallmarking, the town mark, indicating which Assay Office tested and hallmarked the item and the fineness mark which denotes the purity of the metal alloy.

For more information about Palladium hallmarks go to DiamondGeezer.com/palladium or anyone of the four UK Assay Offices.

www.assayofficelondon.co.uk
www.theassayoffice.co.uk
www.assayoffice.co.uk
www.assayofficescotland.co.uk