New York, NY (PRWEB) April 27, 2011
In the global jewelry marketplace, sterling silver has officially become the “new Gold” as the price of silver has jumped to $40 per ounce——the first time in over 30 years. The cost of silver began to skyrocket in August 2010, and just last week alone, it soared more than 10%. These increases have greatly affected the silver jewelry industry, driving up the price for retailers as well as consumers. As wholesalers sell out of their older, less expensive jewelry, they will need to replenish it at costs that will reflect the current rates. These rates will then be passed on to their customers, making sterling silver jewelry prices at an all time high.
Today, just in time for Mother’s Day, SterlingSilverSteals.com goes live. The site was inspired by a mother-and-son team and is run by President Michael Zuyus. The duo, envisioned a site featuring sterling silver jewelry at rock bottom prices and that is how SterlingSilverSteals.com came to be. They are the first online jewelry site to focus exclusively on sterling silver jewelry, offering high quality, distinctive, one-of-a-kind pieces at prices too good to pass up. At SterlingSilverSteals.com there is something for everyone.
SterlingSilverSteals.com uses the popular group buying platform, similar to Groupon and Livingsocial. Group buying has quickly become a major Web trend, and based on a report from Local Offer Network Inc., is expected to grow by 138% before the year’s end. “Group buying is popular, but most sites offer items that are very broad in style, forcing subscribers to become fatigued. At SterlingSilverSteals.com we focus on one small niche and cater exclusively to it,” said Michael Zuyus, CEO of SterlingSilverSteals.com. “I know budgets are tight, but group buying is hot, and sterling silver is by far the most popular silver alloy in the world for jewelry,” Zuyus continues “I want to make it easy for cash-strapped Americans to get something really nice for themselves or someone they love." With discounted prices, free U.S. shipping, and $10 referrals, SterlingSilverSteals.com is positioned to become a major player in the online retail jewelry market.
Market forecasters are expecting silver to exceed $50 per ounce before the end of 2011 but fortunately for lovers of sterling silver jewelry, this means big savings at http://www.SterlingSilverSteals.com.
"I don't offer deals, I do offer steals!” said Zuyus.
SterlingSilverSteals.com was launched in April 2011 in response to the souring price of silver. It utilizes the popular group buying platform which allows consumers to purchase sterling silver jewelry at huge discounts. For additional information or to view the current offer, visit http://www.SterlingSilverSteals.com.