Gold has become cheaper on the international exchanges, but at the moment this has not affected the price of products at the jewelry manufacturing company Zarapxana. The chairman of the supervisory board of the company explains that other components included in the price, such as logistics, labor compensation and precious stones, have become more expensive, which does not allow price adjustment at this stage.
"If such dynamics continue, the final product will become cheaper, although it needs at least a 6-month period. In the short term, there is no revaluation of prices, because there are other factors that make production more expensive. Production costs have increased, including labor costs, logistics and other auxiliary materials, including precious stones.
It is noted that this year the demand has increased for both jewelry and souvenirs; The corporate sector has also been revitalized, which makes us very happy," said Nikoloz Nakopia.
Since March, the price of one ounce of gold on the London International Exchange has decreased from 2,050 to 1,726 USD, which is the lowest level in the last year and a half. On the one hand, the price of gold decreased in Georgia as well, against the background of strengthening the exchange rate of the GEL on the international markets. On the gold exchanges, they say that the price of both scrap and jewelry has decreased by 40-50 GEL on average in the last 2 months.
