A jewellery designer beloved by celebrities has revealed she is increasing the price of her collection as gold continues surging to 'unprecedented heights'.

British designer Dinny Hall founded her eponymous label more than 40 years ago and has been adding sparkle and glamour to a host of well-known personalities ever since.   

Madonna was one of her earliest customers, while Margot Robbie, David Bowie and Kate Moss have also been spotted wearing her uniquely-designed pieces.

But now the jeweller, in her 60s, has warned the company 'must' adjust its prices if the business is to continue 'without comprising on the quality, weight, and artistry' Dinny Hall attaches to her brand. 

Gold suffered its worst one-day drop since 1983 earlier this week - but experts predict the precious metal is still on track to rocket to an eye-watering $6,300 (£4,600) an ounce by the end of 2026.

It has been rising slowly for the past few years but really took off last year after posing its biggest annual gain since 1979. 

The so-called 'gold rush' in the stock markets is largely being driven by investors and global central banks viewing the precious metal as a 'safe haven' investment amid rising inflation, geopolitical tensions and financial uncertainty.

Silver has also reached record prices, having increased by 170 per cent over the last year and currently hovering around £65 per ounce.

In an email sent to her customers, addressed to 'all jewellery lovers', Dinny wrote: 'For forty years, I’ve had the immense privilege of seeing my jewellery designs become part of your stories, marking births, weddings, and life’s most meaningful milestones. 

'Whether you’ve been with us since the very beginning or have only recently discovered us, we’ve always believed in keeping our prices fair, especially considering the depth of expertise involved in bringing you truly authentic pieces.

'I’m writing to you today because of a shift in the world we work in. As you may have seen, the value of gold and silver has reached unprecedented heights. 

'While we’ve absorbed these rising costs for as long as possible to keep our collections accessible, we’ve now reached a point where we must adjust our prices to ensure we can continue without compromising on the quality, weight, and artistry you expect from Dinny Hall.'

The email went on to confirm prices will increase across all collections from February 6 and thanked customers 'for being such a vital part of our past, and for continuing with us into this next chapter.'

Dinny Hall's jewellery currently ranges from £95 for sterling silver items to close to £16,000 and beyond for high-end gold and gemstone items. Some customers are known to have paid up to £100,000 for more exclusive pieces, the designer has revealed previously. 

The jewellery is sold in six stores across London and one in Leeds, as well as online and at branches of John Lewis and Harvey Nichols. 

Dinny lives in Norfolk with her partner Piers, a literary agent, and has three sons.

As an entrepreneur she is no stranger to having battled against struggling finances - and even once sold her grandmother's jewellery to save her business.

Speaking to Daily Mail in 2023, Dinny - a former judge on BBC reality show, All That Glitters: Britain's Next Jewellery Star - recalled: 'I don't know any designer in the world who hasn't struggled. The worst period was in my 20s when I started to get major orders from big American department stores. 

'I was renting a workshop in Soho and, as property prices rose in the late 1980s, my rent went up too. 

'Sometimes big companies would take six months to pay me and the bailiffs came banging on my door to get my rent. I remember feeling a big hit of terror then and thinking: I don't know if this business is going to work. 

'I had to sell all the jewellery that I had inherited from my grandmother, including an 18-carat gold art nouveau necklace with natural pink topaz, aquamarines and little diamonds in it, and put that money into the business to keep it going. I feel mortified about it now.'

Dinny also recalled how after the 2008 financial crisis the banks began calling in the overdraft facilities of UK small businesses - leading her to again make hard decisions.

'Suddenly we didn't have that buffer so I decided to sell my home, a £950,000 penthouse in Hoxton, East London. I started renting and invested £250,000 from the sale into my business.'

At the time she was a single mother with a teenage son and she said the experience was 'terrifying', but it proved to be a good financial decision. 

'I don't regret it – my turnover has gone up every year for the past decade and the business is now worth millions,' she explained. 

Dinny's announcement to raise the collection of her prices comes as central banks and investors expect gold to continue rising.

JPMorgan said earlier this week that demand remains strong enough to drive prices sharply higher over the next two years, with the expectation that central banks will buy around 800 tons of gold in 2026.

It is all down to an ongoing push by countries to keep less of their money in currencies, which they are worried will devalue.

‘Even with the recent near-term volatility, we remain firmly bullishly convicted in gold over the medium term on the back of a continued diversification trend,’ the bank said in a note on Monday.

The upbeat forecast comes after a brutal reversal that blindsided many everyday investors who had piled into gold during its record-breaking run.

Gold plunged nearly 10 percent on Friday - its sharpest one-day fall since 1983 - before extending losses on Monday. On Tuesday morning it briefly rose back above $5,000 (£3,646), after falling as low as $4,500 (£3,282) on Friday.

The slump followed weeks of near-daily record highs, as gold surged on fears over US debt and inflation. Precious metals are seen as 'safe havens' at these times.

JPMorgan is far from alone in expecting the pullback to prove temporary.

Deutsche Bank reiterated on Monday - after Friday's huge drop - that it sees gold climbing in 2026, also pointing to sustained investor demand.

UBS has also raised its targets for March, June and September 2026, though it made that call before the sell-off.

Other major banks including Goldman Sachs and Morgan Stanley have also issued forecasts suggesting gold prices could remain near historic highs over the next two years.

Some have even higher targets. Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, posted on X. ‘Future for gold $27,000 (£20,000)'.

But analysts warn that a move anywhere near that level would require a shock far more severe than today’s inflation fears.

‘You’re talking about US civil unrest, China taking Taiwan, or Russia moving against NATO,’ Andrew Glass, founder of Avatar Commodities, told Daily Mail, as he outlined the kind of doomsday scenarios that could push gold to such extremes.

One of America’s most influential bankers has also weighed in on gold’s rise. 

Ray Dalio, the billionaire founder of Bridgewater Associates, the world’s biggest hedge fund, said recently that America’s soaring debt - now above $38 trillion (£28tr) - is why gold is soaring.

When governments borrow too much, they are forced to weaken their currencies or keep interest rates artificially low to make the debt easier to manage, a tactic favored by President Donald Trump 

Gold, by contrast, tends to hold its value in these situations because it is not controlled by any government. More gold cannot be created in the same way more bank notes can be printed. 

As fears about debt, inflation and politics grow, more investors pile into gold and pushing the price up. 

Daily Mail has contacted Dinny Hall for comment.