Hi Pen Fans.
I’m writing today with not the greatest of announcements. The ever-increasing gold rate has finally cascaded to Edison, and we’re being forced to significantly increase our price for pens equipped with 14k and 18k nibs.
For a long time, we’ve been clinging to our gold nib pricing as margins became worse and worse. But we’re at a point where the exploding gold rate no longer makes this possible, as our shipments are now coming to us with a very high price increase.
Please see the graph below showing how the gold rate has nearly doubled in the last two years.
This very high rate has finally led to the current situation where I can no longer sustain my current gold nib pricing.
In the past, we added $100 to the cost of any pen that was equipped with a 14k or 18k nib. Unfortunately, effectively immediately, we will need to double this price. So any pen purchased with a #5 or #6 solid gold nib will have an extra $200 added to the normal steel nib price.
There are other factors, including the current rate of the Euro vs Dollar as well as the recent 10% tariff (HTS 9903.01.25) that is applied to every international shipment that I receive, which also influences this increase. However, the gold rate is certainly the primary factor.
Rest assured that I will closely monitor all of these factors moving forward. If pricing of solid gold nibs can come down in the future, I will certainly do so.
If anyone has any questions, please reach out.
Brian at Edison