Changes in Gold Prices

Due to the increase in raw material costs of Gold, we will be implementing a price adjustment for Gold Cast metals. This adjustment specifically affects the following materials: 9K Yellow Gold, 9K Rose Gold, 14K Yellow Gold, 14K Rose Gold, 14K White Gold, and 18K Yellow Gold. The initial price increase of 19% will take effect on 7/23/2020. It's important to note that this increase is solely for the material costs and does not impact the production costs. To maintain stability and minimize price fluctuations, we will be re-evaluating Gold prices on the first Monday of each month, aligning them with the current Gold Market price.

For Shapeways marketplace owners, your markup will remain unchanged. However, please be aware that the total price for models using the affected materials will be adjusted. While no immediate actions are required, we recommend reviewing your markup and updating it if necessary. For convenient bulk updates, you can utilize the Pricing CSV Wizard located at the bottom of your Shapeways shop settings page.

For API/e-commerce integration users, please note that this update will modify the base model price of your product. Since the customer-facing price cannot be automatically updated, your markup will decrease accordingly. We advise reviewing and adjusting your product pricing to ensure alignment with the new cost structure. To facilitate future adjustments, we recommend scheduling regular monthly updates. If you sell on platforms such as Etsy or Shopify, please consult the provided resources for guidance on pricing updates on Etsy and Shopify.