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Posts tagged ‘metal’

A little bit of gold for a whole lot of money

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.

A small piece of 14ct gold in my hand.

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!

Exploring my inner scientist

This week I’ve been undertaking a series of experiments to attempt to create a variety of colours on a variety of metals.

Patination tests on sterling silver, gilding metal and shibuichi.
Patination experiments

This has involved using various chemicals, stamping my experiments so I know which is which later, taking copious notes as I work and using Top Secret (!) recipes which take anywhere from three seconds to two or more days to get the desired results. It really has made me feel ever so slightly like a scientist!

I still have some more experimenting and testing to do, but so far I’ve had some interesting results, as you can see above.

In my experiments I’ve been using a variety of chemical recipes to try to achieve a wide variety of colours on a few different alloys, including sterling silver, gilding metal and shibuichi. I’ve also been testing the finishes to see how well they will survive general wear and even being coated to help preserve them.

So what’s this all for? Well it’s a start on the new range of work I plan to have completed in a couple of months and which will be sold in my handmade jewelry shop. I’m using my trip to Ubud in Bali as inspiration and really want to bring some more colour into the work to reflect the vibrant nature of the place. I’ve also wanted to start using some different metals in my production work, so this is a good excuse to test the ways in which they can be used as far as patination goes.

Patination tests on sterling silver, gilding metal and shibuichi - another view.

I’ll write more about the development of this range as I move ahead with it. For now, you can see some of the photographs I took during my trip on Flickr: here, here and here.

The pain of precious metal

Anyone who works in precious metal of any type will be very well aware of what sort of pain I mean.  In the last 18 months or so the price of metals – especially precious metals – has skyrocketed.  Every time you think it can’t get any more expensive … it just does.

Currently I’m paying about AU$0.97 a gram for sterling silver – that’s around double what I’ve paid for it throughout most of my career (US$0.89 at today’s exchange rate).

Even worse, today I purchased some 18k gold for the first time in a very long time.  I remember the days where I used to gasp over it being around AU$9 a gram.  Today I paid AU$35 (around US$32).  Ouch!

Small piece of 18ct gold.

And here is what AU$187 worth of gold looks like!  Yep, it looks pretty piddly – especially when you consider that it’s only 0.3mm thick (0.1″ or around the same as 30 gauge wire).

Of course everyone who knows a thing or two about precious metal prices is wishing that they’d stocked up on kilograms of the stuff a few years back!  Although some people will tell you that those reading this post a year or so in the future will most likely wonder why we didn’t buy it in bulk right now – many people think that the prices are going to get much higher again than they are already.

Ouch.  OUCH!!

Anyway, I just felt the need to have a little whine about that!  And buyers of jewellery and other precious metal objects should feel free to whine too as of course ultimately they are now paying more too.