Leicester in London is a place where Gujaratis from Rajkot city, India, represent a good proportion of the population.
Recently, with the recession and job losses, Gujaratis in the east Midlands town of Leicester have been flocking to jewellery shops to cash in on the rising prices of gold, selling their rings, chains and even dental braces made of gold. The price of gold reached an all-time high of 757 pounds an ounce earlier this month and scrap gold dealers are reported to be offering up to £100 for a set of braces.
The London Lingual Orthodontic Clinic is among many that has witnessed an increase in demand for gold braces. Previously the braces were sent away to be recycled however, with gold prices rising, patients have increasingly asked if they can keep their braces and convert them into small items of jewellery, or have them melted down.
Gujaratis in Leicester cash in on gold boom
Wed, 23 Dec 2009
Recommended links
Find the latest jewellery designs and collectionsOnline jewellery shop
Buying precious metals
What is gold
Buy gold jewellery online
Compare prices for gold rings
Former Home Secretary calls for regulation of cash-for-gold websites
Clogau Gold steps up its bid to break into American and Asian markets
No Dirty Gold campaign signs three leading jewellery retailers
Harrods to sell gold bars
Old gold buying company not giving customers true cash value
American company to launch postal gold buying service
Links of London launches new Gold and Silver Cufflinks Collection
Clogau gold to get celebrity endorsements
Gold jewellery to be hallmark checked randomly
British artists to display jewellery artwork at London`s Goldsmiths` Hall
Increasing sales of Clogau Gold
| news |
|---|
| Historic jewels from Duchess of Windsor expected to fetch millions - Tue, 27 Jul 2010 |
| British Hallmarking Council unveils website - Fri, 23 Jul 2010 |
| Shaun Leane wins UK jewellery designer of the year - Tue, 20 Jul 2010 |
| More News |
