Current Precious Metal Prices

Tuesday, April 6, 2010

India Jewelry Flooding the U.S.

Went into Macy's this past weekend to look at jewelry.  Lots of pretties.  Lots of color and shiny sterling silver.  Looking at the tags, they didn't say where they were manufactured.  China or India anyone?  I didn't touch it mind you.  Probably lots of Cadmium and Lead on the surface too.   Despite the economic downturn, and warning from the FDA, India's export market registered slight growth, just over one percent, in 2009, with total gem and jewelry exports registering at $25.2 billion, compared to $25 billion in 2008. The United States, the world's leading consumer market for jewelry, imports almost 30 percent of its jewelry from India.  We all know where that jewelry ends up: Macy's, Target, Walmart, ect.   Boy it's tempting to buy the stuff.  Sterling Canyon sells jewelry made in the U.S. or handmade in Italy.  And at prices just as affordable as the retail stores.  Play it safe.  Play in Sterling Canyon.

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