tariffs & gold price increases… ya know, the fun stuff 🤪
In consideration of the absolute tsunami of bad news we’ve all been hit with lately, I wanted to start with some good news.
The good news = after tinkering around in our pricing spreadsheets, my mom and I have decided that for the moment, we will be absorbing the additional tariffs and not passing those costs along to you in the form of price increases. Why you may ask? Well for starters, it is a *massive* undertaking to re-price our large number of items and I JUST went through that process not even two months ago, trying to keep up with the the roller coaster of rapidly changing gold prices. Additionally, we are (perhaps naively) hopeful that trade negotiations will take place and global tariffs will be reduced in the near-ish future.
To that end, any price increases that you do notice on the website will likely be in response to that gold pricing roller coaster we are all being forced to ride on 🎢 Another situation that could cause a price increase would be a change to the price of any particular type of gemstone.
We are continuing to monitor this whole tariff situation day by day, and will definitely keep you updated when we have any new developments to report. If you have any questions, as always, we’re here to help so please don’t hesitate to reach out!
If you’re interested in learning more about how the tariffs are specifically affecting the jewelry industry, here are a few great reads from JCK: