The rise of alternative jewellery
Lifestyle News | Posted Thursday, 12th Apr
Although the popularity of gold has not waned substantially in recent years, consumers are increasingly looking at alternative precious metals when buying jewellery, one expert has observed.
Annie Shaw, director of CashQuestions.com, explained that the rising prices of gold and silver make other types of jewellery more popular among some consumers.
"I know people have bought designer silver rings because they're special and are a little bit more expensive than something you'd buy in the shops, but are still cheaper than gold," she explained.
The items still have "a little bit of speciality and difference" to make them exceptional and so are being favoured by many, the expert added.
Ms Shaw said people are tailoring what they buy to their financial circumstances, which means some people will be turning to more types of costume jewellery and the designer market, rather than the usual high street jewellers selling gold.
People could use credit card alternatives, such as unsecured loans, to buy a new item of jewellery for themselves or a loved one and see what other precious metals are on trend.