Best Paying Jobs in Precious Metals

The precious metals industry, encompassing the mining, crafting, and trading of valuable metals like gold, silver, and platinum, offers a variety of lucrative career paths. Here’s a detailed look at the top ten jobs in this field.

Precious Metals Worker

• Average Salary: $47,140/year
• Job Description: These professionals engage in crafting items and components from precious metals, employing techniques like shaping, molding, and finishing to ensure high-quality results.
• Responsibilities: Crafting and working with precious metals to create jewelry, decorative items, or industrial components.
• Required Education: High school diploma

Jewelry Salesperson

• Average Salary: $30,750/year
• Job Description: Jewelry salespeople specialize in selling jewelry, providing customer service, and handling retail transactions within jewelry stores.
• Responsibilities: Selling jewelry, assisting customers, handling transactions, and processing returns and exchanges.
• Required Education: High school diploma

Goldsmith

• Average Salary: $47,140/year
• Job Description: Goldsmiths are artisans who design and create gold jewelry, handling tasks from engraving to setting stones.
• Responsibilities: Designing, crafting, and adjusting gold jewelry.
• Required Education: High school diploma

Gemologist

• Average Salary: $87,480/year
• Job Description: Gemologists analyze and evaluate gemstones, determining their authenticity, quality, and value.
• Responsibilities: Evaluating gemstones, providing insights for buyers and sellers.
• Required Education: Bachelor’s degree

Lapidary

• Average Salary: $47,140/year
• Job Description: Lapidaries cut, polish, and engrave gemstones, shaping them into desired designs.
• Responsibilities: Working with precious gemstones to create designs.
• Required Education: High school diploma

Jeweler

• Average Salary: $47,140/year
• Job Description: Jewelers craft and repair various jewelry pieces, from designing to cleaning and restoring.
• Responsibilities: Designing jewelry, cleaning, and repairing pieces.
• Required Education: High school diploma

Jewelry Designer

• Average Salary: $76,700/year
• Job Description: Jewelry designers conceptualize and create patterns for jewelry, overseeing the production of prototypes and testing for wear.
• Responsibilities: Designing jewelry pieces, creating prototypes, and testing designs.
• Required Education: Bachelor’s degree

Precious Metals Analyst

• Average Salary: $85,720/year
• Job Description: These analysts study market trends and factors in the precious metals industry to forecast future market directions.
• Responsibilities: Researching and analyzing precious metals markets.
• Required Education: Bachelor’s degree

Jewelry and Coin Specialist

• Average Salary: $47,140/year
• Job Description: Specialists in this area inspect, value, and test jewelry and collectible coins.
• Responsibilities: Examining and valuing jewelry and rare coins.
• Required Education: High school diploma

Precious Metals Advisor

• Average Salary: $85,720/year
• Job Description: Advisors provide expert opinions on buying or selling in the precious metals market, considering market timing and trends.
• Responsibilities: Advising clients on precious metals investments.
• Required Education: Bachelor’s degree

Final Thoughts

Careers in precious metals offer diverse opportunities across creative, analytical, and advisory roles. Whether you’re interested in hands-on crafting or market analysis, this industry provides a rewarding path with competitive salaries and the chance to work with valuable materials.

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Sources

For detailed salary information, refer to the Bureau of Labor Statistics at www.bls.gov.

Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

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