meta_pixel
Tapesearch Logo
Log in
The Jewelry District

Episode 170: Guest David Siminski

The Jewelry District

JCK

Business News, Fashion & Beauty, Business, Arts, News

4.950 Ratings

🗓️ 22 April 2026

⏱️ 29 minutes

🧾️ Download transcript

Summary

Victoria Gomelsky and Rob Bates talk to David Siminski, vice president of sales at United Precious Metals, who shares how the volatility of the gold and silver market has been affecting refiners. He also explains what it means to be a primary refiner (as opposed to a smelter), and offers advice for retailers dealing with refiners so they can optimize what they’re doing, make more money, and be more efficient customers. Title sponsor: De Beers (adiamondisforever.com)

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jewelry District, a podcast by J.C.K. Brought to you by De Beers.

0:17.0

Today, Rob Bates and Victoria Gimowski talked to Dave Simemensky, Vice President of Sales at United Precious Metals.

0:30.5

Hey, everyone, welcome to the jewelry district.

0:33.8

This is Victoria Gamelski, editor-in-chief of JCPayK and J-CK Online.com, calling in from Los Angeles.

0:41.1

And I'm with...

0:42.1

Rob Bates, contributing editor to J-C-K and J-C-Online.com, calling in from my apartment here in New York City.

0:50.9

Hey, Rob.

0:51.9

It's World Diamond Day.

0:53.2

That's right. It is World Diamond Day.

0:54.4

We're taping this on World Diamond Day, so of course we have a gold guest. A gold guest, I know. We have a guest, the likes of which we haven't ever had on this show. He's sitting right here with us. Well, not right here because I'm in L.A., of course. You're in New York. and our guest, Dave Simonski, is in Buffalo, New York.

1:13.3

He's the vice, of course. You're in New York. And our guest,

1:15.5

Dave Simonski, is in Buffalo, New York. He's the vice president of sales at United Precious Metals, a refinery, a primary refiner. We're going to learn all about what that means

1:21.1

and what he does, but he's here, of course, to talk about medals. I think the subject of

1:26.3

the moment of the year, perhaps the decade, it's been

1:30.4

all on every jeweler's mind. I think the first piece of news or first website, many jewelers

1:36.4

check in the morning is Kitko or some analogous site on what the price of gold is doing. So I think

1:42.9

we felt, and this was your idea, Rob, a really

1:45.4

great idea to have Dave on the show because we really need to understand what's happening in

1:51.2

this marketplace and why it's been so volatile and what retailers can do to sort of optimize

1:58.1

their businesses, mitigate some of these challenges of replenishing

2:01.5

inventory. Anyway, that's a very long preamble to say, welcome, Dave. Really nice to have you.

2:07.2

Thanks, Rob. Thanks, Victoria. I'm looking forward to this because usually I have two versions of

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from JCK, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of JCK and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.