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.
Category Archives: Jewelry
Ever wonder where all that gold comes from? About one-fourth of the world’s needs each year comes from recycled gold, which is why Dallas Gold & Silver Exchange has been buying the precious metal with fair prices, integrity and transparency for more than four decades. But as hard as we work, it’s not enough. So the world has to dig up the rest, on every continent except Antarctica. If you like Top Ten Lists, the annual GFMS Gold Survey has just been released with country-by-country totals for 2017. First, the big picture: overall production was 3,247 tonnes (also known as metric tons, which is 1,000 kilos, or about 2,200 pounds) down only 5 tonnes from 2016 but the first time the number has declined since 2008. Analysts cited environmental concerns, rising costs of sophisticated mining operations and crackdown on illegal mining in some countries as factors. Here are the leading gold-producing countries: China, 426 tonnes, down 6 percent but by far the most in the world. Australia, 295 tonnes. Russia, 271 tonnes. United States, 230 tonnes, with three-fourths of that in Nevada alone. Canada, 176 tonnes, up from No. 7 in 2016. Peru, 162 tonnes. Indonesia, 154 tonnes. South Africa, 140 tonnes. The former world leader has been steadily declining in the last decade. Mexico, 131 tonnes, 2 1/2 times the total 10 years ago. Ghana, 102 tonnes. Don’t forget to print this out for your next trivia contest. And if you have broken jewelry, unwanted pieces or bullion, or rare coins stop by Dallas Gold & Silver Exchange to turn your own gold mine into hard cash. The world is counting on us.
Fix Your Jewelry With Us – Except If It Belonged To Elvis If your jewelry breaks, you should fix it, and the repair experts at Dallas Gold & Silver Exchange are your best bet. But here’s one case when leaving it broken might have been the right call. Last weekend an auction house in England sold a gold lion-head ring, with little diamonds for eyes, in not the greatest condition, for just over $44,000. Why was it worth so much? Because it belonged to Elvis Presley, the King of Rock and Roll who loved the King of the Beasts. The ring was accompanied by a certificate of authenticity signed by Elvis pal Jimmy Velvet, who noted that the legendary singer was wearing the 14k ring at his Graceland home in 1972. “One night at Graceland, Elvis dropped the ring on the floor and one of his Memphis Mafia members accidentally stepped on it and smashed it,” he wrote. “Elvis handed the ring to his cousin and told her to have the ring fixed. He told her that she could keep the ring if it couldn’t be fixed.” Without explaining why, he added, “The ring was never repaired.” So she kept it. The British seller and the American buyer weren’t identified. To mark the occasion, here’s a clip of Elvis singing, of course, “Wear My Ring Around Your Neck.” Here’s the link in case it didn’t embed: https://www.youtube.com/watch?v=UxaW9WZwXjs
Looking For Trends? Try These On Should be you getting into ear stacks? Talismans? Opals and emeralds? JCK, a leading jewelry industry magazine, convened its annual trade show in Las Vegas last week, billed as the country’s largest exposition of what’s hot and what’s new. For a panel discussion on those subjects, the magazine convened three fashion forecasters, Shane Clark, Kareem Rashed and Lauren Eggertsen, along with its own editors. The full report is here, but in case you just want the highlights: Younger buyers are embracing fine jewelry and popular designers more than ever, and pairing those choices with fancy couture. When new princess Meghan Markle flashed a big aquamarine ring that once belonged to Harry’s mom Diana, she probably set off a stampede to beautiful blue stones. Current buzzwords you need to work into the conversation include shell-motif earrings and necklaces, bypass rings (that don’t close in a circle), rainbow palettes (jewelry with stones of many colors) and edgy pearls, a modern version of grandma’s favorite. There are lots of ways to stack jewelry – earrings that climb up your ear, side-by-side-by-side diamonds in an engagement ring (which Meghan is bringing back into style), and layers of necklaces with pendants displaying monograms, zodiac signs or amulets. Look out for Lucite, the translucent material that’s been around since the ‘30s but still trendy, because it can be molded and colored in endless ways. Trendy or classic, vintage or cutting edge, you’ll find it at Dallas Gold & Silver Exchange. And you’ll save enough to be ready for the next trend as well.
An Intoxicating Way to Think About Gold There are many ways to assess the worth of gold, including its dollar value, comparison to the stock market, or whether it beats the inflation rate. Since 1950, a Liechtenstein-based asset management company called Incrementum has another method: how much beer will it buy? And in that measurement, gold is down slightly, but still solid in the long term. Incrementum just released its 12th annual “In Gold We Trust” report, declaring that the precious metal is in the early stages of a new bull market. “From our point of view, stronger inflation tendencies or the abandoning of the rate-hike cycle in the US could trigger an increase in momentum of the gold price,” the authors declare. The 230-page report, available here, is full of charts and graphs and analyses that probably require a finance degree to fully understand. But one of its elements, the gold/beer calculation, goes down easy. For 68 years, the company has tracked the price of a liter of beer at the famed Munich Oktoberfest alongside the price of an ounce of gold. The all-time high, if you’re keeping score, was in 1980, when an ounce of gold bought you 227 German brews. Only nine years earlier it had hit the all-time low of just 48. The total for 2017 was 99, down a few liters from the previous year but still well above the historical median of 87. Reaction to the golden update was mixed. “I have no idea what I just read,” wrote one commenter on mining.com, which reported the news. “But now I want some gold and a beer.”
A Tale of Two Precious Metals Platinum or gold? Right now the first option is on the upswing. Platinum Guild International, which tracks sales around the world, reports that platinum jewelry sales in the U.S. rose 11 percent in 2017 over the previous year, outshining the 3 percent rise for gold jewelry. “Platinum is a natural white metal, and white is popular right now,” says Karen Wood, vice president for service at Dallas Gold & Silver Exchange and one of our resident experts on the subject. “But it has its pros and cons.” First, a look at the pros: Platinum implies prestige (your “platinum” credit card has more benefits than your “gold” credit card) and is more durable than gold, which can wear down or scrape off over time. Platinum is denser and stronger, and its prongs will hold a diamond or other gemstone more securely. That’s particularly important for a big stone. Because it’s used in a nearly pure form, platinum is considered hypoallergenic. Gold is softer and needs to be mixed with alloys – usually nickel or copper – which trigger allergic reactions in some people. White gold gets its white metal look through rhodium plating, which wears off over the years and needs to be refinished. Platinum merely needs to be polished. Now the cons: Even though platinum is cheaper than gold (currently about $900 per ounce versus $1,300 for gold), platinum jewelry can be much more expensive. That’s because platinum jewelry is much more pure than gold jewelry, so you’re paying for more precious metal and less alloy, and may require more workmanship. Platinum jewelry will also be heavier to wear, which not everyone may like. It also can blemish or scratch more easily than a softer, more malleable metal. The harder metal does not hold small stones as well and is more difficult to filagree, or use thin metal strands to create intricate designs. The bottom line? There isn’t just one, which is why you should come in for a test drive and decide what’s right for you.
It’s Not Just a Rolex, It’s a Unicorn If you’re keeping score of the world’s most expensive Rolexes, there’s a new Number Two. Last week at an auction in Geneva, a one-of-a-kind white gold Rolex Cosmograph Daytona sold for $5.9 million, nearly double the predicted price. The watch, made specially in 1970 for a wealthy German who disdained the usual stainless steel and yellow gold, was dubbed The Unicorn for that reason. It was owned most recently by John Goldberger, the famed collector, photographer and author who has compiled many books featuring exclusive luxury watches. He donated the proceeds to Children Action, a Swiss charity that supports efforts to improve the lives of young people around the world. The buyer wasn’t identified. That same auction featured 31 other Rolex Cosmograph Daytonas, and the entire sale garnered $22.2 million. A watch named the Neanderthal because of its oversized registers, or sub-dials, went for just over $3 million, while three others topped $1 million. But they all trailed the all-time Rolex champion, Paul Newman’s Cosmograph Daytona, which sold at auction last year for $17.7 million, largely because of its backstory with the beloved actor. At Dallas Gold & Silver, we also love and cherish Rolexes, though ours sell for a whole lot less. You’ll be proud to have one on your wrist – and perhaps a little less nervous than whoever’s walking around today with that Daytona Unicorn.
It’s a great deal. We’re in the parking lot. What could go wrong? We hate to keep nagging, but some people aren’t getting the message: don’t buy gold in the parking lot! A gold-buying store in Edmonton, Canada, reports that at least 17 people have come in over a two-day period to sell what they thought was gold, only to learn it was shiny junk they got from con artists. “I often get fake jewelry in, but these were all the same type pieces,” said Sara Patterson-Robert. The good-hearted dupes reported similar stories: they were approached by people with hard-luck tales and allegedly gold jewelry they were willing to exchange for a few hundred bucks to get home, or care for an ailing parent, or whatever. The real hard-luck story comes inside the store, where Ms. Patterson-Robert has to break the news they’ve been conned. About 300 miles down Trans-Canada Highway 16 in Saskatoon, police issued a public warning about a nearly identical scam that occurred nearly a dozen times in a week. “Like many fraud cases, the suspects play on victims’ emotions,” the police advised. If you’re looking to buy gold, and there are many reasons you should, please don’t go shopping in the parking lot. At Dallas Gold & Silver, we have great coffee, four decades of integrity – and real gold.
Gold is a wonderful element that gives us joy, usefulness and value in many, many ways. But this just might be the place to draw the line. A New York-based restaurant/bar chain called The Ainsworth has just added gold-covered chicken wings to the menu. It’s a collaboration between the kitchen and over-the-top foodie Jonathan Cheban, who has actually named himself “Foodgod” so he fits in better when he appears on Keeping Up With the Kardashians. The blingwings are marinated in a batter of coconut butter, honey and chipotle for 24 hours, then fried and dusted with flakes of 24-carat gold. Blue cheese dip comes on the side. Surprisingly, you can indulge in preposterous poultry for a reasonable price. A plate of 10 golden wings goes for $30, while 20 will set you back $60. But to really do 24-carat chicken right (and impress your date), the 50-wing feast comes with a bottle of pricey Ace of Spades Champagne for a mere $1,000. Personally, we’d rather wear gold than eat it, so we’ll stay out of the chicken business for now. Bon appetit! **UPDATE** Comedian Tim Heidecker was inspired to write a satirical song about all this called “Jonathan’s Golden Wings.” You can hear it, and download it for a $1 contribution to the Los Angeles Food Bank, here. So maybe something good will come out of this after all.
Like Grandma always told us: Never buy gold in a parking lot. Kudos to Cody Gleason, a Dallas man who braved embarrassment and went public with his tale of foolishly trading a $3,000 guitar for gold bullion that turned out to be fake. As seen here in a TV news story, Gleason refurbishes guitars and sells them on Craigslist. A buyer offered to trade him gold bullion and arranged a meeting in a parking lot. Gleason brought a magnet that he thought proved the gold’s authenticity, and made the deal. The next day he took it to a gold trader, who gave him the bad news. Police tracked down the scammer, who’s facing fraud charges. Though understandably sheepish, Gleason told his cautionary tale to spread a message that you’d hope everyone would already know. Bring your precious metals to Dallas Gold & Silver, the home of honesty, integrity and value for more than 40 years. Our parking lots are for cars, not for deals.