As an effective measure to the growing cash less trend in the UK, the Royal Mint has offered to make jewellery. News sources allege, the world’s largest export mint had produced 3.3 billion coins last year from its base located in Llantrisant, Rhondda Cynon Taff.
Based on the latest report, the production has now begun to work on a range of jewellery estimated in the range of £80 and £2,000. For Christmas, a 16ct handmade gold bauble will be produced, sources allege.
Furthermore, traditional coin-pressing techniques are used to create this range of jewellery. According to business development engineer Daniel Thomas, the company has used new crafting processes in order to develop the new range.
“Because we’re used to working with precious metals, the minting process lends itself to making some of those components,” commented Thomas. “We’ve got over 1,100 years in manufacturing coins so it is a step change but we utilise the same quality inspection and pride in craftsmanship manufacturing and applied that to jewellery,” he added.
In addition, the jewellery will range from necklaces to cufflinks. The production for the range began earlier this year and has been on sale since July.
With regards to the news, Helen Cooper, the director of gifting said, the latest business is about reinventing the Royal Mint.
“It’s been around for 1,100 years and it’s about coming up with a new proposition and a way of working which gets us fit for another 1,000 years. We’re not seeing the world is suddenly going cashless, but we do recognize there is a change in the way people want to choose to spend their money,” she said.
Furthermore, Cooper added that while the change was important for diversification, the currency was still the bedrock of the business.