Sometimes it feels a tad depressing to be working in a field where the cost of your materials is down to the sometimes extreme whims of a market which has absolutely nothing to do with what you make.

At the moment both silver and gold are priced higher than they have been for a very long time. However, especially since the global economic crisis kicked off the price of gold has been going crazy as investors have been sinking their money into it, seeing it as a much safer bet than the stock market.

But as someone buying gold as a material to make jewellery with and not as an investment (or to make investment jewellery with), this is definitely unhelpful!

The photograph above is of a piece of 14ct gold (that’s 14kt for Americans) which is 0.5mm thick (0.02″) and 35mm tall and wide (1.4″). It set me back AU$245 (currently around US$200). Ouch!

Silver has also been going up and up for the past couple of years for all sorts of complex reasons. It is currently costing around double what it has done for most of my career. But to give an idea of how much more expensive gold is by comparison, 14ct gold is currently around 28 times more expensive per gram than sterling silver at trade cost.

Gold is a wonderful material to work with, but it does indeed hurt when a very small business like mine needs to purchase it.

As for what I’ll be making with my teensy little piece of gold … well I have a few ideas, but nothing concrete at this point. I have been using thinner gold as highlights in a few handmade jewellery pieces for a while now, but I would like to make some pieces where gold is more of a feature.

Stay tuned for details!

Finally last weekend (which was a long one in Australia) I was able to get back to my jewellery bench, now set up in the studio space in my new home.

I spent the weekend completing an order for the National Portrait Gallery shop in Canberra, along with making some urgently needed jewellery for my own supplies seeing as I’ve been badly running out of the jewellery in my shops.

Above are just a few of the little silver blossoms I cut out in sterling silver on the weekend. Each of them were then soaked to remove the paper (with the shape drawn on it), sanded, filed, tumbled and then finally turned into finished jewellery which was then tumbled again.

I seem to spend half of my life making these little blossoms as they form some of the most popular jewellery pieces I sell, so it was no surprise to spend my first weekend of making since moving doing yet more of them!

As for how my new studio is working out, well so far so good! The space is almost fully set up, but there are a few loose ends to tidy up.

The only issue I found on the weekend was that the three large windows let in so much light (in spite of the room being painted so dark) that heating or soldering metal can be difficult because I can’t see what I’m doing! All I need to do is remember to pull a blind or two down before I start and it’s fine, however.

This is not going to be set up as my ‘dream studio’ seeing as I’m still renting and things like fume extraction, heavy equipment which should be bolted to the floor or heavy furniture, etc. are currently out of the question. But soon enough I hope to be working towards just that!