Hadar Company Founder Weighs In on Skyrocketing Metal Prices
Gerry Hauser, Founder of Hadar Company, says with recent inflated precious metal prices, it's important that consumers buy jewelry that is solely manufactured in the U.S.
San Diego, CA (April 14, 2008) Gerry Hauser, founder of Hadar Company, advises consumers to buy jewelry only made in the U.S. these days, in light of skyrocketing precious metal prices. In addition to being founder and president of Hadar Company, Hauser also co-founded La Jolla Diamond Co. and Heritage Estate Buyers, Inc. and is recognized as an authority on diamonds and diamond simulants.
“The price for gold continues to climb to new highs, increasing from $600 to $985 an ounce,” says Hauser, “and platinum values have risen from $1,100 to $2,260 -- all in the past year. Price proliferations are fueled by international demand for jewelry and investors hedging against inflation.”
To compensate for the higher metal prices, Hauser says many competing companies sell rings manufactured in China. Most 14KW rings are high polished nickel over white gold and 'flash' rhodium plated. Initially, the ring will appear very shiny. This appeal can last for three to six months. Hauser says nickel over white gold can produce an allergic reaction and can potentially cause lung damage.
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