
Why We’re Temporarily Removing Item Prices at Donydo
Due to significant volatility in gold prices, Donydo is temporarily removing fixed item prices from our website to ensure fair and accurate pricing. We’re introducing a quotation system where prices are provided based on the day of your request, valid for two days. This change reflects our commitment to transparency and ethical practices, keeping you informed with real-time pricing while maintaining the quality you expect from Donydo. Read on for details about why we’re making this change and how our new process works.
Understanding Gold Price Volatility
Gold is a precious metal that plays a significant role in the jewelry industry, and its price is influenced by a variety of global economic factors. Over the past year, gold prices have experienced significant fluctuations due to:
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Geopolitical Uncertainty: Ongoing global tensions and economic instability have driven investors to gold as a safe-haven asset, increasing demand and prices.
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Inflation and Currency Fluctuations: Rising inflation in major economies has weakened currencies, prompting a surge in gold prices as a hedge against inflation.
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Supply Chain Disruptions: Mining operations and refining processes have faced challenges, including labor shortages and logistical issues, which have constrained gold supply.
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Market Speculation: Trading in gold futures and exchange-traded funds (ETFs) has amplified price swings, as investors react to economic data and forecasts.
As of June 2025, gold prices have reached record highs, with daily fluctuations sometimes exceeding 2-3%. For example, in early 2025, the spot price of gold per ounce hovered around $2,500-$2,700, compared to $1,800-$2,000 in 2023 (source: World Gold Council). These rapid changes make it challenging for businesses like ours to maintain fixed prices without risking financial losses or passing unpredictable costs onto customers.
Why We’re Removing Fixed Prices
Maintaining fixed prices in such a volatile market poses significant challenges. If we set prices too high to account for potential increases, we risk overcharging our valued customers. If we set prices too low, we may incur losses that could impact our ability to deliver the quality and service you expect. Neither option aligns with our values of fairness and transparency.
By temporarily removing fixed prices from our website, we aim to:
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Protect Our Customers: Avoid locking you into prices that may not reflect the current market, ensuring you pay a fair amount based on real-time conditions.
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Maintain Sustainability: Ensure our business remains financially stable so we can continue offering high-quality jewelry and exceptional service.
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Uphold Ethical Standards: Be upfront about the challenges we face and provide a solution that prioritizes honesty and trust.
Introducing Our Quotation System
To adapt to this volatile market while continuing to serve you effectively, we’re implementing a new quotation system. Here’s how it works:
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Request a Quote: When you’re interested in an item, simply submit a request through our website, email, or by contacting our customer service team.
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Real-Time Pricing: We’ll provide a personalized quote based on the gold market price on the day of your request, ensuring accuracy and fairness.
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Two-Day Validity: Your quote will be valid for two days, giving you time to make an informed decision without pressure. If gold prices change significantly after two days, we’ll provide an updated quote upon request.
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Transparent Communication: Each quote will include a breakdown of costs, including the current gold price, craftsmanship, and any additional materials, so you understand exactly what you’re paying for.
This system allows us to remain flexible in a fluctuating market while ensuring you receive accurate pricing tailored to your needs.
Our Commitment to Transparency and Ethics
At Donydo, we believe that trust is the foundation of any strong customer relationship. By transitioning to a quotation system, we’re taking a proactive step to maintain transparency in the following ways:
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Clear Pricing: Every quote will reflect the most up-to-date market conditions, with no hidden fees or markups.
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Open Communication: We’re here to answer any questions about our pricing process, gold market trends, or how we craft your jewelry.
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Customer-Centric Approach: The two-day quote validity period gives you flexibility while protecting you from sudden price spikes.
We also remain committed to ethical sourcing and craftsmanship. Our gold and other materials are sourced responsibly, and every piece is crafted with care to meet our high standards of quality. This change in pricing strategy does not affect our dedication to delivering exceptional jewelry that you’ll cherish for years to come.
What This Means for You
We understand that this change may require some adjustment, and we’re here to make the process as seamless as possible. Here’s what you can expect:
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Same Quality, New Process: Our jewelry remains unchanged in its craftsmanship and beauty. Only the pricing process is being updated to reflect market realities.
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Easy Access to Quotes: Requesting a quote is quick and straightforward, and our team is ready to assist you every step of the way.
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Ongoing Updates: We’ll continue to monitor gold market trends and will reinstate fixed prices as soon as market conditions stabilize.
If you have any questions about an item, our quotation process, or the gold market, please don’t hesitate to reach out. You can contact us via our website, email, or phone, and we’ll be happy to provide the information you need.
Looking Ahead
We’re optimistic that gold market volatility will eventually stabilize, allowing us to return to fixed pricing. In the meantime, our quotation system is designed to provide you with the most accurate and fair pricing possible. We deeply appreciate your understanding and support as we navigate these challenging times together.
Thank you for choosing Donydo. Your trust means the world to us, and we’re committed to continuing to serve you with integrity, transparency, and excellence.
Warm regards,
The Donydo Team
Have questions about our new quotation system? Contact us today or visit our FAQ page for more details.