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United News


April, 2013

We welcome you to this edition of United News.  It is an interesting time, as precious metal activity is showing some signs of dynamics and diversity. We have noticed a substantial increase in our product business over the past three months and we believe this trend will continue. This is hopefully a sign that jewelry manufacturing is indeed on the rise.

Please review our latest edition of United News. If you have any questions on any issue as it relates to the industry, please do not hesitate to reach out to us. We are here to serve your precious metals needs.

Vinny Guadagna Thank you,

Vincent Guadagna
Vinny Guadagna
President and CEO

In this issue of United News …

PLATILITE, our New Premium Sterling Silver made with 2% Platinum

The use of sterling silver has been popular, and with this comes a new offering that has much interest in our customer communities.  United has introduced a premium sterling silver made with 2% platinum that we call Platilite.

PalititeSome of the features of our new Platilite include:

  • Made with 2.0% platinum & 95.0 % fine silver based sterling silver ready-to-use grain.
  • Made with 100 % recycled silver.
  • Fire-scale-free castings.
  • Bright-white in color.
  • Hard surface for best polishing luster.
  • Heat-treatable to high hardness 90Hv - 100Hv.
  • High fluidity for stone-in-place castings.
  • Used for casting & fabrication.

Platilite is one of many variations of our sterling silver products. If you have any questions on Platilite, please contact us here at United.

Nickel CertificateNew Nickel Release European Directive for White Gold Alloys

The new Nickel Directive is very stringent and the thought process of such a revision is to eventually eradicate nickel from all white gold alloys. United offers Nickel Release Certificates from the Birmingham Assay Office in the United Kingdom.

United offers the below nickel-free and approved nickel-based alloys for white gold casting and fabrication.

  • 9 K - # 980, # 936, #ROM2, PD1, PD5, PD7
  • 10 K - # 980, # 936, #ROM2, PD1, PD5, PD7
  • 14 K - # 980, # 936, #ROM2, PD1, PD2, PD5, PD7, PD20
  • 18 K - # 869, # 976, PD2, PD11, PD16, PD20

Using these certified nickel-free products are critical when pursuing business in the European marketplace.  If you have any questions on this, please reach out to us here at United.

To Scrap or Not to Scrap - That is the Question...

ScrapReports from customers and an increase in orders for alloys and precious metals for manufacturing indicate that retail jewelry sales have spiked during the recent months. This may have been caused by the holiday season followed by a good Valentine's Day turnout for jewelers. With more retail sales comes a renewed faith that scrap will soon follow.

From retail jewelers to scrap gold buyers, everyone seems to be getting in on the retail business. Brick and mortar or online sales, jewelry is making a comeback after a short hiatus. Because of this hike in sales jewelers, pawnbrokers and scrap buyers are now facing the question, "to scrap or not to scrap." Those who have a commercial outlet for resalable pieces are trying their luck on retailing those unwanted pieces. One man's trash is another man's treasure.

Even with the boom in retail sales, we've seen an increase in scrap gold lots these past few weeks. While market trends, tax return season and a slew of other contributing factors may have slowed down the scrap, it appears we're headed back to a steady flow of lots coming in.

At United, we have a unique advantage of being able to gauge the market trends on both ends. With our sales to manufacturers, bench jewelers, supply houses and retailers alike, in combination with our scrap program taking in metal from all of the above as well as pawnbrokers, scrap buyers and more, United has a firm grip on the market and an insight not available to others who only service one aspect of the business.

At United, we are here to serve.

Did You Know?

  • We at United have been working on our United Phone App, which will be available for iPhone and Android users. This initial app will focus on product selection as well as refining pickup requests. This mobile app is coming to your phone's app store soon.

  • We have received positive feedback on our frosting service. Please remember that your stones can be frosted through our standard stone removal process or as a stand-alone process, where stones are frosted separating the cubic zirconia from diamonds.

Precious Metal Spot Prices

  Bid Change
Gold $2,061.16 +$23.37/+1.15%
Silver $28.27 +$1.33/+4.93%
Platinum $988.60 +$20.76/+2.14%
Palladium $2,236.29 +$50.85/+2.32%
Gold 2020-08-06 9:42 AM
Bid/Ask $2,061.16/$2,062.15
High/Low $2,064.98/$2,034.67
Change +$23.37/+1.15%
Silver 2020-08-06 9:42 AM
Bid/Ask $28.27/$28.30
High/Low $28.46/$26.80
Change +$1.33/+4.93%
Platinum 2020-08-06 9:42 AM
Bid/Ask $988.60/$992.20
High/Low $990.40/$965.58
Change +$20.76/+2.14%
Palladium 2020-08-06 9:42 AM
Bid/Ask $2,236.29/$2,242.11
High/Low $2,239.20/$2,178.78
Change +$50.85/+2.32%

+ Show detail

Prices shown are for reference only. Please contact our trading desk for accurate, up-to-the-minute pricing.

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