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Gold market reflected in jewelry trends and prices
The piece notes gold prices fluctuating from near 200 dollars an ounce at end 1974 to about 110, with IMF auctions heightening bids. Simple all gold jewelry has become cheaper while elaborate pieces with diamonds and design work have risen, as fashion and labor costs influence prices. Mort Weisenfeld cites a decline in pure gold items.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
International Monetary Fund
Mort Weisenfeld
National Wholesale Jewelers Association