The media learned about the recycling of jewelry designs in Italy due to gold prices

In Italy, jewelers are recycling jewelry designs to reduce their gold content, amid a record rise in the price of the precious metal, Reuters reported on January 30.

Four independent jewelers from Italy's main jewelry centers have confirmed that they are facing increasing customer demand for cheaper products, from branded jewelry to wedding rings.

"The main question I've been asked in recent months is whether I can make something lighter while maintaining the same appearance," said Italian jeweler Massimo Lucchetta.

Main beneficiary: what benefits will Russia get from rising gold prices

This can bring additional income to the country.

The price of gold and silver futures dropped sharply on the morning of January 30. At the same time, a day earlier, the price of silver broke a historical record, exceeding the mark of $ 120 per troy ounce, and the price for gold futures exceeded $ 5,600 per troy ounce.

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