Episode 170: Guest David Siminski

About this episode

David Siminski discusses the impact of gold and silver market volatility on refiners and offers advice for retailers.

Victoria Gomelsky and Rob Bates talk to David Siminski, vice president of sales at United Precious Metals, who shares how the volatility of the gold and silver market has been affecting refiners. He also explains what it means to be a primary refiner (as opposed to a smelter), and offers advice for retailers dealing with refiners so they can optimize what they’re doing, make more money, and be more efficient customers. Title sponsor: De Beers (adiamondisforever.com)

People in this episode

Hosts: Victoria Gomelsky, Rob Bates

Guest: David Siminski

Topics covered

• gold market
• silver market
• refining
• retail advice
• efficiency

Keywords

• gold
• silver
• refiners
• retailers
• efficiency
• market volatility
• primary refiner

Sponsors

De Beers

Mentioned in this episode

Organizations: United Precious Metals

More episodes of The Jewelry District

• Episode 173: Reactions From the JCK Show Floor · June 10, 2026 · 37 min
• Episode 172: Guests Lorraine Schwartz and Ofira Sandberg · May 20, 2026 · 28 min
• Lorraine Schwartz and Ofira Sandberg Guest on 'The Jewelry District' · May 20, 2026 · 28 min
• Episode 171: Conversations, Watches, Tariffs, QVC · May 6, 2026 · 27 min
• Rebecca Foerster Guests on 'The Jewelry District' · April 13, 2026 · 29 min
• Episode 169: 24 Karat, JIS, Signet, De Beers Sightholders · April 8, 2026 · 28 min