Gold Prices, Tariffs & How the Jewelry Industry Is Changing

TL;DR: What’s Happening in Fine Jewelry Right Now

– Gold prices are at record highs, affecting the cost of all fine jewelry
– U.S. tariffs on imported jewelry are spiking—up to 250% for overseas manufacturers
– Domestically made pieces (like those at ROEN) are better protected, but industry-wide price increases of ~30% are expected
– ROEN continues to craft every piece in NYC, maintaining the highest standards while navigating rising material costs
– We're always here to talk transparently about pricing, timelines, or planning your next heirloom → bespoke@roen.nyc

Gold Prices, Tariffs & Why the Jewelry Industry Is Changing

At ROEN, we’ve always believed in sharing the “why” behind our work—whether it’s the story of your diamond or the reason behind a pricing shift.

Right now, the fine jewelry industry is facing challenges, and we wanted to offer a bit of clarity on what’s happening behind the scenes.

Gold Prices Are at Record Highs

Gold has always been one of the most reliable raw materials in fine jewelry—and in uncertain economic times, it becomes even more desirable. Over the past several months, gold prices have reached new all-time highs, day after day.

For those of us who work in solid gold, this directly impacts production costs. And while we’ve held off on price changes for as long as possible, the market is making it increasingly difficult.

New Tariffs Are Reshaping the Industry

In addition to rising material costs, new U.S. tariffs are adding another layer of complexity. Jewelry manufactured overseas is now being hit with import duties of up to 250%—and these rates are changing daily, making international production unpredictable and volatile.

This is where ROEN is better positioned than most.

Because we craft everything domestically—right here in New York City—we’re shielded from the most extreme swings in global trade policy. Our production partners are local, our standards are uncompromising, and we’re able to maintain a level of consistency that many overseas operations cannot.

But Even Domestic Jewelry Is Affected

While we’re shielded from the worst of the import tariffs, domestic jewelers aren’t immune.

The daily tools, alloys, polishing compounds, and chemical treatments we use in production are often imported—and are now subject to the same elevated tariffs. That means even for brands like ours, the cost of doing business is rising.

Simply put: when global supply chains are taxed, everyone feels it—regardless of where they manufacture.

Domestic Jewelry Prices Are Expected to Rise

We’re already seeing the effects: industry-wide, domestic jewelry pricing is projected to rise by approximately 30% in the coming months, particularly for pieces that use significant amounts of gold.

These shifts are less about inflation—and more about the very real cost of maintaining quality while navigating a changing global economy.

ROEN’s Commitment Remains the Same

We’ll never compromise on the things that matter. Our pieces will continue to be made in New York by artisans we know and trust. And we’ll continue to work one-on-one with clients to find meaningful, transparent solutions—no matter what the market is doing.

If you have questions, want to better understand current pricing, or need help planning a proposal, we’re always here to help. Reach us anytime at bespoke@roen.nyc.

With warmth and gratitude,
Sherry + James