Due to the increase in raw material cost of Gold we will be increasing the price of Gold Cast metals (specifically: 9K Yellow Gold, 9K Rose Gold, 14K Yellow Gold, 14K Rose Gold, 14K White Gold, 18K Yellow Gold). The initial increase of 19% will launch 7/23/2020. This price increase will only be on our material costs and not the production costs. Due to the large increase we will be repricing Gold on the first Monday of each month to keep increases or decreases minimal by using the Gold Market price.
For Shapeways marketplace owners, your markup remains the same but the total price for affected models will change. No actions are necessary but we recommend that you review your markup and update as needed. For bulk updates, please use the Pricing CSV Wizard, also found on the bottom of your Shapeways shop settings page.
For API/e-commerce integration users, this update changes the base model price of your product. Because your customer-facing price can't be automatically updated, your markup will decrease as a result. We suggest you review and update your product pricing accordingly and schedule monthly updates to make future adjustments as needed. Please see these resources for pricing updates on Etsy and Shopify.