$1,600 an Ounce Gold Pinching Jewelers

Business Weekly reports that as gold prices rise alternative metals, like tungsten, are becoming more popular jewelry choices.

The market news is quoted as saying,

Another of the fastest-growing trends in the industry is the use of alloys to replace gold. Sales of rings made from tungsten, titanium, cobalt chrome, platinum and other alloys all have helped offset the dip in sales of gold rings. The trend marks both a turn in fashion amongst men, jewelers says, as well as a way to afford a wedding band without a large expense.

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