Best Paying Jobs In Precious Metals – How Much Do They Pay

BEST PAYING JOBS IN PRECIOUS METALS

Best Paying Jobs In Precious Metals

Maybe you are looking for profitable and productive industry, the precious metals industry might be one of those you should consider. It is one of the oldest and fast growing industry too. The more the need for precious metals products arise, the more individuals with necessary skills relating to precious metals arise. 

What is precious metals?

Precious metals are elements that are considered rare and inert. They are not abundant in nature and therefore have very high economical value.

There are eight of them that are referred to as precious metals. They are, gold, silver, platinum, palladium, rhodium, ruthenium, iridium and osmium.

Out of all these eight, gold is considered the most popular and most used.

While gold and silver are the most popular, others are not useless too. 

Rhodium is considered the most precious and rarest, while platinum is considered the purest.

Precious metals products are mostly luxury products with great value.

There are so many job opportunities for people who are interested in this industry. Some of them are, precious metals broker, goldsmith, jeweler, lapidarists, gemologist, jewelry sales, metal and steel production Specialist, etc. 

This industry is one that pays quite well depending on the type of work you choose to do.

Things you need to know about precious metals and the precious metals industry. 

Precious metals are not only use for jewelries, they are also used in the production of batteries and electronics.

To work in this industry, you must be physically fit and strong. You must be ready to travel and work long hours.

Although, most of the opportunities do not require a college degree, it is wise to have one. Which can be in engineering, art or design. 

It is also important that you have a eyes for details and have a good knowledge of relevant technological improvement in the industry.

Who are Precious Metals Workers?

Precious metals workers are those that work with precious metals like Platinum, silver, gold, rhodium and a lot more.

They work in industries such as, mining, jewelry industries, blacksmithing, museum, financial institutions and sometimes furniture industries.

HOW MUCH DO PRECIOUS METALS Jobs Pay

Like I said earlier, the industry is a very lucrative one with lots of opportunity and areas to venture into. 

Taking about how much you can make,. This is dependent on a lot of factors.

 which aspect of the industry do you work? Mining, financial, production, etc.

What type of jobs do you do? A you a miner, blacksmith or sales person?

Are you an investor?

All this will determine how much you will earn. 

While you will agree with me that a miner will earn pretty more than a repairer, a repairer does not earn peanut too. The skills are not common ones. 

And just as the law of demand says, the lower the supply of the service the higher the price.

The bottom line is, you are sure to earn a fortune as a worker or investor in this field as long as you are ready to work hard.

BEST PAYING JOBS IN PRECIOUS METALS

Precious Metals Broker 

A Precious metals dealer is a secondhand dealer, who normally or regularly engages in the business of buying used precious metals for sale. 

It can also refer to a company that deals on a professional level with the purchase and sales or precious metals, mainly gold. They buy with the intention of selling again.

A broker also estimate the value of an item based on retail prices and market value.

Miner or Mining engineer

Mining is an age ling profession. A miner is a person who extract ore, chalk, coal or other minerals from the earth through mining.

The basic of mining engineering includes, finding, extracting and preparing minerals, metals and coals. 

Mining engineers use the principal of maths and science to develop economical solutions to technical problems for miners.

Mining engineers also supervise the constructions of underground mine operations and create ways to transport the extracted minerals to processing plants.

A bachelor’s degree in engineering, mining engineering or geological engineering is required.

Someone considering a profession in this field must be physically fit and able to withstand high altitude.

Goldsmith

A goldsmith is a metal worker who specializes in working with gold and other precious metals. He uses the precious metals to produce jewelries and other items. 

A goldsmith engages in the mounding of metals, soldering parts together, mending jewelries, resetting stones, cleaning and polishing jewelries, adjusting ring size and grading costly stones.

A high degree of precision and fine attention to details is required from anyone who desires to be a goldsmith.

 A person can also enter the industry as an apprentice. A degree in relevant discipline will be a great advantage

Precious metals quality assurance and control specialist

A precious metals quality control specialist is responsible for the accuracy and maintenance of inventory of all precious metals, diamond, gemstones and finished goods.

Their duties include studying metals and the process involve in making them. They support process improvement in metals

They ensure that existing products are defect free and manufactured in accordance with internal requirements and external regulations.

Also ensures quality control and assurance of all delivered finished goods.

They conduct test and assessment to identify defect and make necessary repairs

Gemologist

Gemology is the science dealing with natural and artificial gemstone material. It is a geoscience and a branch of mineralogy 

This is one of the most specialized field in precious metals.

A gemologist analyses, describes and certify the quality and characteristics of gemstones. They write reports certifying that the items are of a particular quality.

They figure out the value of gems and metals and discover whether they are real.

They also determine the value of a gem stone or metal for auctioning.

Jeweler

A jeweler is a person or a company that makes or sells jewels or jewelries.

They make use of metals, gems and other materials to create adornment like bracelets, earrings, rings and necklace. 

They can also be called for repairs, adjustments, cleaning and appraisal of a pieces of jewelry.

A jeweler most have expertise and command of designing processes such as, cutting, shaping, polishing, stoning, mounting, welding and engraving.

Lapidarist

Lapidary is the practice of shaping stone, minerals or gemstones into decorative items.

A lapidarist is an artisan who  cuts polishes, or engraves on precious stones usually other than diamonds.

They cut object of precious metals or cut and shape gem stones to produce high quality jewelry. 

They also make and repair jewelry such as rings, bracelets and brooches.

 

Metal production Specialist

A production Specialist is responsible for planning and managing the production activities of a company based on job order.

In metal production, these manufacturer are responsible for the determination of the chemical composition of products.

The manage the selection of the method of melting process. They also determine the chemical composition of a product.

Jewelry and coin specialist

The job of a jewelry and coin specialist involve testing, purchasing and selling of collectables including metals, coin and currency.

Providing adequate evaluation as well as rewards.

They also provide excellent customer service.

Jewelry Sales

A jewelry salesperson is a person that assist client in discovering the ideal jewelry for any occasion. Responsible for selling, maintaining store and assisting customers who are browsing or purchasing jewelry.

They purchase, sell and determine the worth of precious or semi-precious metals or stones.

They also maintain the store and answer customers questions as they browse or buy jewelries.

It is required that a jewelry salesperson have extensive understanding of numerous gemstones, metals, and jewelry making techniques.

Precious Metals Analyst

An analyst is a person who undertakes a close examination of a specific subject.

A precious metals analyst studies metals and the process involve in working with them.

They also study the current situation in the precious metals market and attempt to predict the future of prices 

An analyst must have the ability to study and assist with everyday precious metals activity.

Jewelry Repair Technician

A jewelry repairing technician is responsible for replacing broken clasp, setting stones, altering sizes, resizing rings, relinking broken chains and all such of restoration activities.

They also clean and polish jewelry, smoothen rough spots and shape metals to hold gems in place.

A repair technician calculates the cost of repairs and charge customers appropriately. They work with various jewelry retailers.

A repair technician must have steady hands and good eyesight.

As you have seen above, there are loads of opportunities in this industry. You will also observe that the industry is quite delicate and unique. It is not an industry for the weak.

It requires a high level or technicality, creativity as well as precision. Some of them also requires a high level of physical strength.

Interested in this field, you need to make adequate research and get the necessary skills.

Personally, I think a technical school is a good place to law a good foundation to work in this industry.

Founder/ CEO of Emma Builds. I Had this dream since 2018, but it came into reality In 2022.

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