Yeah, about that metals market…
Guys, it’s wild out there. Open your social media app for about 8 seconds and you’ll be inundated with the country being torn apart politically, the insane ice storm that has left half of Nashville without power in freezing temperatures, and (if you’re a jewelry company), the unprecedented and exponential rise for the cost of silver and gold.
If you weren’t already aware, prices for our custom keepsake jewelry are heavily influenced by the metals market.
Did you even know there was a metals market?!
It’s kind of like Wall Street for silver, gold, platinum, etc. The prices of all of these metals fluctuates daily, like stocks, or gasoline. When gold and silver are inexpensive, Milk + Honey can purchase our pieces and jewelry components at an affordable price, and can therefore offer these precious keepsakes to you at an affordable price. And when those metals are very expensive, it costs us A LOT of money to just acquire the jewelry components, before we even begin to do any handmade work to complete your order.
If you’re feeling a little déjà vu, it may be because we came to you transparently about this issue a little over a year ago. Go back and read that letter to get caught up. We’re in the same boat, yet again.
When we opened shop in April of 2018, silver was valued at $16.64 per ounce and gold was $1,336 per ounce. When we came to you with our last letter in December of 2024, silver was $29.33 per ounce and gold was $2,660 per ounce.
Believe it or not, in a little over a year since that letter, as I write this today, January 29, 2026, silver is a whopping $114.63 per ounce and gold is a staggering $5,375.40 per ounce.
Being a business owner isn’t for the weak. You desperately want to make the very best product and service possible. You also want it to be affordable enough for everyone who wants it, even though you know this is impossible. You also need to be able to pay your bills, your employees, your taxes, your insurance, and all of the other billion costs and fees that it takes to run a business effectively (and above board). So, raising prices is hard, in every sense of the word.
We wanted to give you a quick update about the current situation we (and every other jewelry brand out there) are in. And share a reminder that our jewelry prices reflect both the metals market and the superior quality products and services that we’re committed to providing.
In all transparency, we don’t see this changing in the near future. When I just asked good ol’ Google about this, I got this response:
If breastmilk jewelry is on your list this year, now may be the best time. As always, we offer both Afterpay and Klarna at checkout, to break your total investment into payment plans, if that suits you better.
Without you and your continued support, Milk + Honey would be nowhere. You are the cherry on top of our ice cream sundae. You’re the apple of my eye. You’re the bee’s knees. You’re the bomb.com. You’re all that and a bag of chips.
I’ll stop now. Sorry, couldn’t resist that millennial urge.
psst—I’ll let you in on a little secret. We’re gearing up to release a new product very soon! If you’re not already on our email list, make sure to hop on there today so you don’t miss it.
xo,
Maria, Meghan, and the entire Milk + Honey team