A Note on Price Increases
TLDR: New prices hit the website Sunday, 2/1
If you follow other jewelry brands or accounts, you won’t be surprised to hear l’ll be joining many of my peers in increasing prices this week.
While I’ve been trying my best to only adjust prices here and there, the dramatic surge in gold and silver costs has forced me to do a sweeping adjustment of almost my entire collection.
To provide some context, I first started working with gold in 2017, when the spot price was $1,350/oz. I did a site-wide increase during the summer of 2024, when gold was at a then-unprecedented $2,400/oz. Yesterday, the price of gold hit $5,500/oz.
Silver is not immune either, having nearly quadrupled since this time last year. It is still nowhere near the cost of gold per ounce, but the recent meteoric rise has been astounding to see. The metal also has a wider range of industrial uses than gold, including playing a critical role in AI infrastructure.
I feel like a broken record continuing to talk about the new new NEW record high of metals, but I do appreciate how understanding and supportive people have been in the face of each price hike. It’s a very uncertain time in the jewelry industry, and I’m not sure what will happen, but all I can do is take things one day at a time. I promise with each decision I’m trying to do what’s best and most sustainable for Abel, while also considering the position of my customers and community.
If there’s a piece of mine you’ve been eyeing, new prices will go into effect this Sunday, Feb 1. You can shop the full collection at their current prices at abelobjects.com until then.
A note: Heavier gold pieces (such as the Tilt Signet Ring, Icon Pendant Necklace, and Arp Earrings) will experience the most dramatic increases, while lighter-weight pieces and silver will hold a bit steadier.
Thank you for your support throughout all the changes our industry has faced these past few years. As always, I’m here for any questions and conversations ❤️