Yes, it's true the Silver : Gold ratio now stands at 59.6 - so what's that mean, well simply put it means that the price of silver is currently $22.11 and the price of gold is $1,317.
OK, OK, so I still don't get it. Well understand this Silver is a rising commodity not surprising as it's been admired since ancient times and it's now widely used in industry as well, everything from electronics to medical equipment, obviously we prefer it's use in Silver Jewelry a market sector which is growing mainly due to the wonderful designs achieved by designers.
Talking of which, do you realise that a Sterling Silver and CZ wedding engagement set can start from as little as $30.00. Yes, they do look fabulous and to prove it here's a little story, actually three little stories.
I've been married for just over three years, and I have a great husband, but not a great engagement ring - we'd skipped the process and went straight for the wedding, so I have a wedding band - anyway, I decided to "test" the rings that we have on a few friends so this is how it went.
Going to a social gathering with friends, I put my CZ enagement ring on with my wedding ring, weeellll - I had so much ooohs and aahs and all my friends telling my husband what a great ring he'd choosen for me!
He's rolling his eyes, but in agreement with me, he'd let me tell them that it was part of a Sterling Silver CZ ring st that cost $38.00, imagine the shock on my friends faces when I eventually told them - needless to say however, a couple of them purchased a set too!
A lady I play golf with damaged her white gold and diamond ring set whilst playing golf! She purchased the same ring set I have and voila no one knows!! (maybe now they do).
I hosted a jewelry event about a month ago, a couple came in the husband lurking at the door, the wife asking about our jewelry, I pointed out the same ring set mentioned above and guess what - she was beside herself in shock when she heard the price - this is what she did, she called her husband over and told him that she wanted to buy the ring set for $500.00 yes $500.00 it wasn't a typo, here's the kicker, he wanted to know if they were going to get the cash out now or pay by check.
So, what ring set am I talking about simply this one, a great set at a great price, our best selling CZ ring set.