Monthly Archives: July 2018

There’s a term in the precious metals business that you may be hearing a lot more of in the coming weeks and months: peak gold. That means that the world’s gold production has hit its highest level and has begun to level off or decline. Some experts say peak gold is already here. “Gold produced from mines has gone up pretty steadily for 40 years,” Ian Telfer, the chairman of Goldcorp, a Canadian gold production company, told a newspaper. “Well, either this year it starts to go down, or next year it starts to go down, or it’s already going down.” The reasons that he and others cite include aging mines with dwindling reserves, the lack of major new discoveries, and the current lagging gold price that inhibits new exploration. Some investors believe that peak gold will drive up gold prices in accordance with the basic economics of supply and demand. Others point out that previous declarations that the world reached peak gold turned out not to be true as new mines and better technology turned the tide. At Dallas Gold & Silver Exchange, we don’t offer predictions. But whatever your conclusion, we offer more than four decades of experience, integrity and transparency in buying and selling precious metals. There’s another side of the gold coin as well. According to the World Gold Council, gold mining meets about 75 percent of the world’s needs each year, with the rest coming from recycled gold. Although recycling industries are getting better at recovering precious metals used in products such as computers and cellphones, about 90 percent of recycled gold still comes from old jewelry that is re-refined. So whether or not the world is at peak gold, recycled gold will remain a crucial part of the world’s supply. And Dallas Gold & Silver Exchange will continue to offer great service and excellent prices for any jewelry you no longer want, from big pieces to broken remnants. And however the world gets its gold, we’ll show you how it becomes beautiful jewelry, fine watches and compelling collectibles – all at amazing prices. In this case, “peak gold” is what the other guys charge.

You’re looking at the new Guinness World Record holder for most cut diamonds in a single ring. Vishal Agarwal and Khushbu Agarwal, two jewelers in Surat, India, seized the honor by designing and creating an 18 karat rose gold ring composed of 48 petals embedded with a total of 6,690 cut diamonds. It took them six months, but they shattered the previous record of a mere 3,827 cut diamonds. The ring weighs about 2 ounces (about a half-ounce more than a golf ball) and is said to be worth $4.1 million. The design, the men said in a joint statement, is inspired by the lotus flower, which grows on water, because it is India’s national flower and depicts “the beauty growing in the water world.” They added, “As fame is so much attached to a Guinness World Records title, we can put it to good use by bringing together like-minded people to work towards a beautiful world.” Congratulations to the Agarwals from Dallas Gold & Silver Exchange, which also works toward a beautiful world with our amazing selection of diamonds, jewelry and fine watches. But we admit that the new world champion ring also inspires us to work toward ordering a certain delicious, high-fat appetizer at our local Australian-themed steakhouse.

Two months after the royal wedding, the Meghan Markle Effect is still in full swing. That means that whenever royal watchers figure out where she bought today’s outfit, it sells out in a flash. But it’s not just clothes. Princess wannabes are tattooing freckles on their faces in tribute to their new role model, and Valspar is even introducing a line of Meghan-inspired house paints. Really. House Beautiful magazine reports that the shades inspired by her fashion are ideal “for anyone wanting to give their home a touch of the royal treatment.” And of course, the impact of the American-born actress, who became the Duchess of Sussex when she married Prince Harry, extends to jewelry as well. After Meghan wore a pair of rose gold and diamond earrings to Prince Charles’ 70th birthday party, the Paris jeweler who made them reported she sold out the entire stock – at $2,900 a pair – in 10 minutes. But there are broader lessons for people who want to hop aboard the Markle Express. Good Housekeeping magazine points out these elements of Meghan’s style: She favors yellow gold, which has sparked sales of that shade, she likes thumb rings and stacking rings on her other fingers, and she makes mismatched earrings look cool. And Professional Jeweller, a British publication, discerns that the new princess’ general look is classic, personal and sentimental. She leans toward an understated look during the day, but boldly makes statements at night. “Whether mixing and matching jewels from the same brand, but different ranges, or wearing a variety of designers at once, jewelry forms part of her overall look,” the magazine concludes. “What matters is that it goes with what she is wearing, rather than forming part of a commercial set.” At Dallas Gold & Silver Exchange, we’re ready to adorn you in the style of Meghan, or any other princess. Best of all, you’ll feel like royalty, but you’ll spend like a commoner.