Alas, that necklace costs $480, but these cursive “Love Letter” charms are just $180 each, made of 14-karat solid gold, and designed in a classic and handsome font. Mejuri also came up often.

Hewitt: If we have a look at the 190,000 tons of stock of gold aboveground, the lion's share of it's in jewelry. Around about 50% of it is in jewelry. The next level down comes to private investment.

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These are then sent for purification, after which gold is purchased as bars or coins, or used in jewelry or other purposes.