What is the impact of falling gold prices on gold jewelry enterprises? Is the cost of gold as a raw material falling, or is the price of gold jewelry falling?
The impact on jewelry industry is short-lived, mainly on mining industry. Now it has fallen to the cost price of gold mining. Who will dig gold? In the jewelry industry, it always adds some labor costs to the price of materials. The price of gold has fallen, and now there is less profit. Low material cost is the problem of the next batch, but the price of gold rises and falls, and the risk of industry purchase increases.