The seemingly glamorous industry of precious metals and jewellery commands an in-depth knowledge in order to deliver succinct accountancy and finance solutions that are meaningful to the trade at hand. A precious metal is a naturally occurring metallic chemical element. Precious metals are very rare to find and therefore hold a high economic value. Precious metals tend to be less reactive than most other elements out there. They are also known for having a high lustre and being very ductile. Historically, precious metals were most importantly used for currency. Nowadays, the use of precious metals has expanded and they are a big investment and more of an industrial commodity.

Precious metals are valued for their use in art, jewellery, medicine, engineering, and automotive sectors. Four of the main precious metals include:

  • Gold
    Gold is probably the most well-known of all the precious metals. It is a metal of high value and has been a standard metal used in currency throughout history. Gold exists underground and is mined at a quicker rate than it can be produced. That is the reason for why it is in such a high demand. Gold, a shiny yellow type of metal, is used in many industries today including jewellery, electronics, engineering and even medicine.
  • Silver
    Similar to gold, silver has been used for currency throughout history and has also been used in the electronics and technology sectors. Gold has always traditionally been valued higher than silver because of its lustre and malleability. Silver is very valued due to its many uses in different industries but as well as for its beautiful appearance.
  • Palladium
    Palladium is a very rare metal. It does not go back in time like gold and silver does as this metal was only discovered in 1803. Palladium is used in the automotive industry in the building of catalytic converters in car exhaust systems. Palladium is also used in electronics and medicine. Dental crowns are manufactured from Palladium.
  • Platinum
    Platinum is a very valuable metal due to its rarity. Platinum is very difficult to find and only a few hundred tonnes are mined each year. Platinum’s first use was noted back among the pre-Columbian South American’s in the 16th century where they used it for jewellery. Today, platinum is used in a variety of places, including electronics, medicine, automotive and jewellery industries. Platinum is also a noble metal due to its resistance to corrosion.

Our group of experts at The Accountancy Solutions have worked closely with businesses in this sector, developing excellent strategies that help to maximise profit, as well as tracking all other monetary issues throughout. Our team delivers high-quality products and solutions. We offer precious metals for crafting new jewellery and recycle old jewellery. We are engaged in re-refining or rolling out precious metals or metal alloys.

Our team of professionals at The Accountancy Solutions can help to assist you for businesses operating in the precious metals/jewellery sector. We are reliable and care about our customers being able to meet their needs. We assist customers and businesses in many different areas. Some of the areas in which our team can assist you or your business sector in include:

  • Creating Financial & Management audits
  • Helping with Business start-up planning
  • Delivering Tax advice & assist with planning
  • Becoming aware of Risk Assessments

Come on in today and or call to set up an appointment with our professional team at The Accountancy Solutions. We can offer you great advice and valuable information relating to the precious metals and jewellery sector.

Precious Metals Jewellery
After working with another accountancy firm with never ending problems, I decided to go with TAS, and I'm so glad! After 2 years of working with them, I've never had any problems. Everything is always done on time, and they always keep me informed. Fantastic service with a very professional team!
Lauren White, Brighton
We struggled to find a good accountancy firm to work with, but when we found TAS, we could see they were by far the best. They're so professional and so efficient. Extremely good service. We would definitely recommend to business who are in difficult situation and need good advice regarding their tax issues.
Debbie Bligh, London

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