As silver prices ($33.66/oz - 2/24/11 close) follow gold prices into the stratosphere, the ability of Native American jewelry makers to invest in silver as a jewelry resource material is threatened. Will sterling silver cease to show up in Native American jewelry? We have seen gold all but disappear from Native American jewelry as a result of it's sky-rocketing price levels.
Online PR News – 24-February-2011 – – Silver price exceeds $30 per ounce. Native-Jewelrylink to hold the line on prices.
As silver prices soar, the ability of Native American Jewelry makers to invest in silver as a jewelry resource material is being threatened. Will sterling silver cease to show up in Native American jewelry? We have seen gold all but disappear from Native American jewelry as a result of it's sky-rocketing price levels.
The problem is that the Native American artist must pre-pay suppliers for the precious metals in order to acquire and use them in their creations. Most artists don't have the cash flow to purchase silver at these prices, considering there always is a risk that the final product may not sell for months or years. Even if it does, given other influences in the economy, it may not sell at a price that recoups the artist's initial outlay.
A brighter side of this sad prognosis is that Native-JewelryLink.com, a major collector of and dealer in Native American jewelry, still offers authentic, hand-made sterling silver jewelry at prices reflecting the cost of silver prior to recent increases, as low as $10.00/oz in 2007.
Beautiful examples of sterling silver bracelets, necklaces, pendants, earrings and pins, finished with inlay of natural turquoise, coral, shell, malachite, lapis lazuli, sugilite and mother of pearl, are available on the Native-JewelryLink.com website.
When replacements are acquired, we expect overall prices to be higher.
Proprietor Susanne Waites says, “With the highest precious metal prices since we entered the business 31 years ago, and the prospect of more increases on the horizon, this is an excellent time to acquire Native American jewelry, if you can find it at pre-rise prices. In addition the items in our selection are among the finest, created by some of the greatest Navajo, Zuni, Isleta and Kewa jewelry artisans.”
Native-JewelryLink.com is a web site offering online purchases of authentic Native American hand-made jewelry. The parent company is Aboriginals: Art of the First Person with home office in Fort Myers, FL. Aboriginals also operates web sites offering Native American Pueblo pottery, Zuni and other American Indian carvings, African tribal art, Australian Aboriginal art, Navajo folk art and Arctic/Inuit art. Aboriginals has been in the tribal art business since 1979.