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How Henne Jewelers is Adapting to Record Gold Prices February 16, 2026 (0 comments)
Pittsburgh, PA--Henne Jewelers in Shadyside is adjusting to a sharp market move in late January 2026, when gold prices topped $5,000 per troy ounce.
[Image via iStock.com/Olivier Le Moal]
According to a report by Trib Live, owner John Henne stated that despite the record highs, his family business has not seen a significant drop in consumer interest. Henne noted that while the price jump caused surprise among customers shopping for standard items like gold chains, those seeking specific gifts generally adjusted their budgets to accommodate the higher costs.
The report indicated that Henne Jewelers, founded in 1887, has weathered similar market fluctuations over four generations. Henne observed a shift in metal values, pointing out that 14-karat white gold is now roughly 10-15% more expensive than platinum, a reversal of historical trends where platinum was the costlier metal.
Henne also highlighted the value of existing inventory for consumers. As quoted in the article, items currently in display cases often retain older pricing tags, whereas any new orders must reflect the current market rates for precious metals. He added that if gold and silver prices remain elevated, inventory costs for jewelry stores will eventually rise.
Learn more in this report by Trib Live.