With the price of gold so high, many of our customers keep asking to us to offer more and more silver jewelry because its more price-friendly and the variety of designs are great.   So we've answered their request.   Within the coming weeks and months, we will focus on adding many different styles of silver jewelry such as earrings, necklaces, pendants, and bracelets.   We are working tirelessly with our partners to bring out high quality silver products that are not only fashionable for everyday wear but most importantly affordable with many different price points.

The silver earrings we currently offer in our site is just a small sample of what our customers have chosen.   They wanted pieces that were not only fun and sexy but also pieces that can be worn with any attire, whether it be for a formal event, such as weddings, or just a night out with friends or a significant other, these sterling silver earrings and future items that we're working on to add to our collection will surely bring out some style, fun, and flare that people will notice and admire.  As you can see, we recently added dangling silver earrings with cubic zirconia (CZ).  These earrings will certainly be stunningly eye-catching at night, especially at social events, night clubs, and prom, glistening brightly as they catch the candle light at dinner or the flashing colorful lights at a night club.  Certainly, when walking or dancing around, feeling these silver dangling earrings gently swinging back and forth creating a stunning sparkle can put a smile on anyone’s face.

We know how important it is to look your best, and we're confident that we can provide you with a product that you'll absolutely love to wear with your current or new attire.   There's always a piece of jewelry that will complement excellently with your wardrobe.   That has always been our goal personally to not only answer and provide what the customer wants, but also provide exceptional service at the same time. As we move forward we will listen to what our customers want and to provide them with exceptional pieces that they'll love to wear without breaking the bank to do so.   We strive to provide exceptional quality pieces of jewelry that everyone can afford to have to either keep for themselves, or as gifts to others you love.

In our last blog post, we mentioned how silver jewelry is actually considered a precious metal.  Some of you may have already known that information while others may have thought otherwise.  For instance, one of our staff member’s mother thought that silver was pretty cheap, but we set her straight!  In actuality, silver is a more affordable fine jewelry compared to gold and platinum jewelry. 

On March 20, 2012, the Wall Street Journal reported that silver jewelry sales increased last year in its article, “Sales of Silver Jewelry Shine in 2011” (see article here), written by Tatyana Shumsky.  Shumsky reported that “77% of U.S. jewelers responding to poll saw an increase in silver jewelry sales in 2011” and “27% of U.S. jewelers saw silver jewelry sales rise more than 25%.” 

We also experienced increased sales with our silver collection last year, and I wanted to see if that trend continued into the beginning part of 2012.  Comparing our silver jewelry sales from January - March 2012 to the same time last year, we sold over 200% more silver items than before!  I was shocked.  As a company that focuses mainly on 14k-18k gold jewelry, GoldenMine expanded its silver selections, especially silver pendants, silver earrings, and silver bracelets, over the past year due to the economy, rising metal costs, and changing customer preferences.  While our customers continue to still buy gold jewelry, they are buying more silver jewelry as well.  We have plans to add even more silver chain necklaces, bracelets, earrings, and pendants for women and men. 

Looking further into our silver jewelry sales, here are our top-selling silver jewelry.

Top 5 Silver Jewelry:

1. Silver Figaro Chain Necklaces

2. Sterling Silver CZ Engagement Ring Set

3. Silver Diamond Cut Rope Chains

4. White Ice Sterling Silver Diamond Charm Necklace

5. Sterling Silver CZ Hoop Earrings – Elliot Skye Collection

There may be a lot people out there thinking the same thing about silver jewelry being cheap and worthless but may not realize that it’s actually a precious metal and, therefore, considered an affordable luxury.

 What’s a Precious Metal?  Any metal that is currently being traded in the stock market is considered precious because it has financial value.  These metals can actually be resold for money.  Most people are familiar with gold and platinum as precious metals because of their high prices.  However, silver also has monetary value, making silver jewelry valuable.

With gold prices trading at about $1700 per ounce versus silver trading at $33 per ounce, you can see that it’s quite a significant difference in price.  Gold has become too expensive for those with a limited budget.  I remember a few years ago while I was looking around a gold jewelry store, I had my eye on a classic Figaro gold chain, which cost about $100 but decided to hold off on that purchase.  Now, if I wanted that same chain, its over $300!  It makes me wonder why I didn't buy that gold jewelry right there and then.  

If I honestly had a choice, and I'm sure I speak for most people, I'd prefer buying gold jewelry because it’s always been the standard when it came to buying fine jewelry, such as wedding bands, engagement rings, chains, bracelets, earrings, and pendants.  But with my current financial situation, silver is the next best thing.  I've noticed that jewelers are now offering so many different styles and options in sterling silver while their gold jewelry selections started to shrink.  I talked to one local jewelry shop owner why that was so, and his response was the obvious.  Gold has become more and more of an expensive luxury item, which makes it tougher to sell these days.  He told me a lot of his suppliers are doing the same by offering more and more silver selections because it cost less to stock and produce numerous different styles.  This jeweler also mentioned that working with silver is less risky, and he can afford to sell or even create more unique and innovative styles as opposed to gold. For example, he can offer and stock 30-50 different styles made in silver compared to just 10 styles in gold for about the same price.  He said that people these days have a tight budget but still look for good products, and he's able to offer more with the same high quality with silver as its counterpart.  

It just amazes me how high the prices for precious metals have climbed, especially gold, with no end in sight in how high it will continue to go up.  Of course, I still prefer gold jewelry.  But I find silver jewelry more and more appealing, especially since I can afford to buy it.  Remember that gold chain I mentioned earlier?  I found a similar sterling silver chain for much less!

Do you think silver jewelry is precious or cheap?  Please share your answers in our Facebook page here!

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This blog post was written by a guest blogger.  If you would like to write a blog post related to jewelry, please contact us.