Gold moved this morning. Your price tags didn't.
Every piece in the case was priced at the market of the day you costed it. The market has moved every day since. Gem Logic reads the four metals you trade in every five minutes, works out every karat from the one pure price, and can carry the change through to cost and sell price. Each step is yours to switch on, or to leave off and just watch.
From the market to the ticket, in four steps.
A gold price on a dashboard is decoration. What you are paying for is the path from that number to the one on the ticket, and that path has four steps. Each one is a decision you make, not something that happens to you.
Pure gold, silver, platinum and palladium, with bid and ask, in your own currency. Everything else on this page is worked out from these four numbers.
18k is three quarters of 24k and always will be. The coefficient is stored once, and every purity you sell derives its price from the pure one in the same pass.
A cost line that names a metal and a weight can follow the market. The diamond and the bench hours on the same product stay exactly where you put them.
The new cost goes back through your multiplier and your rounding. The margin stays where you set it; the ticket is what moves.
The market rate is fetched and shown on every metal whatever you decide. Following it with your own rate is a switch per metal, following it with a product cost is a switch per line. A shop that wants to look before it reprices gets the looking for free.
You maintain one gold price. The karats take care of themselves.
The old routine is a browser tab, a per-gram conversion and a column of karat prices retyped on a Monday, which is why most shops do it monthly and price the rest of the month from a market that no longer exists. Here the four pure metals arrive on their own, and every alloy in the family derives from its purity coefficient in the same pass, with its own price history.
The market price is always fetched and always current, on every metal, whether you asked or not. The rate your costs are calculated from is a separate field, and it only follows the market on the metals where you switched that on. Watching costs nothing; changing is a decision.
White gold, a local alloy, a house metal your supplier prices off something else: link any metal to another with a percentage offset, and it tracks the reference through every move. Set the relationship once and it holds.
Every read is kept for ninety days with bid, ask and currency, so a rate you quoted six weeks ago can be produced rather than reconstructed. The market is called once for everyone, cached, with retries: the argument you have with a customer about a rate should never be an argument about an outage.
The margin is what you set. The price is what moves.
A cost that changed and a ticket that didn't is worse than no sync at all, because now your books and your window disagree. When a metal cost moves, on the recurring run or the moment you click the button, the sell price is recomputed through your own rule: your multiplier, your rounding, your currency.
Leave a cost line on automatic and the recurring run keeps it at market. Click one line to sync that line only. Click the card to sync the whole product. The button lives on the product page where you are already standing, not in a settings screen three levels down.
Set a new sell rate on a metal and push it to every product that uses it, as a tracked job with a count and a progress bar. Two hundred tickets change in a minute, and the two that didn't are listed by name.
Every cost line says out loud whether it follows the market, and every metal line shows what it is worth today next to what it is stored at. Whatever you decide about automation, you stop finding out about drift from your margin report.
The same feed runs backwards when somebody sells you a chain.
Old gold across the counter is where a live rate stops being a dashboard and becomes the offer you make to a person watching you work it out. Pick the metal, weigh the piece, and the offer is today's rate less your margin, arrived at in front of them, from a number neither of you set.
Nobody wants to be offered six hundred and fifty-seven dollars seventy-seven. The offer rounds up to a whole number, which costs you a dollar and buys you a conversation that sounds like a price rather than a calculation. The purchase record keeps the exact arithmetic underneath.
Every buy-back moves the weighted average cost of that metal in stock, so the next piece cast from the scrap drawer is costed at what the scrap actually cost you, not at spot. Buy well in a dip, and the ring you make from it says so.
A metal line on a custom order prices from weight, with the purity conversion and a loss percentage for casting one alloy into another. A quote written in May and a quote written in July are both right on the day they were written.
A price is a date. How old are yours?
Drift is invisible because nothing goes wrong. The ring still sells, the customer still pays, the margin is just thinner than the one you set. And if the market went the other way, you are the most expensive shop on the street for a reason nobody in the shop can name. The distance between your prices and today's market is a number, and it belongs on a screen.
The last catalogue-wide reprice in this workspace was 4 March. Everything the market did since, every hand-priced product has been carrying, and nobody had a reason to look. The point of the recurring run is not speed: it is that four months never happens again.
Under the market you lose margin quietly. Over the market you lose the sale and never find out why, because nobody tells you they went somewhere else. The same comparison catches both, and the same list is where you decide which ones you meant.
A signed piece, an old commission, a line you price on the story rather than the gram: those belong outside the market, and a per-line override keeps them there. The goal is not that everything follows the market. It is that the exceptions are visible on a list, on purpose.
When did you last reprice the whole case?
If the answer is a month you have to think about, book a demo. Bring one product with a metal cost on it, and we will show you what today's market says about it before you decide to change anything.