2020 shock

The price of gold soared in 2020: what does it mean for your jewellery box?

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telegraph.co.uk

18kt gold Poppy stud earrings and brooch, POA, Christopher Thompson Royds“I love gold: its colour, its associations, its ease to work with, but boy does it make me pay for this love,” says Christopher Thompson Royds, a jeweller whose paper-flower-like creations in 18kt gold require intensive hand craftsmanship. “It is my main material as a jeweller, but it is also a global commodity and with every shock and knock to the economy, investors seek protection in its safe-haven status,” he continues. “This year became a nightmare; everyone flocked to it, seeking financial refuge from corona-chaos, prices soared, and I stopped buying.”Thompson Royd’s solution was to stop making new pieces and instead develop models in brass, eking out his existing.

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