Some of the shine has come off Rachel Lake’s jewellery business.
It’s been hit by a financial double whammy of lovebirds cutting their budgets for the engagement and wedding rings Ms Lake specialises in and rising costs due to a sharp spike in the price of gold.
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Gus McCubbing is a markets reporter in the Melbourne newsroom. He was previously the Australian Financial Review’s Victorian political correspondent. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com
