Neil,
Well……Yes and No. Silicone moulds are loved by the jewellery industry, largely because they permit complicated and undercut designs. They are also significantly cheaper than Aluminium/Epoxy moulds. In an engineering situation they do not last as long as Aluminium/Epoxy. Also because they are prone to flexing during the wax injection stage they usually can't give the same degree of accuracy.
So we can't get away from what we have said before, it's all a matter of horses for courses i.e. how many of an item you need, what degree of precision and cost. For most hobby applications silicone moulds would be perfectly satisfactory, but some foundries will not accept them because they inject the wax under high pressure in automated systems. This causes the moulds to flex at the injection point.
I would expect that a foundry that specialised in jewellery would be smallish and use manual (?) charging of the wax. The cynic in me suggests they don't mind long cycle times because the jewellery trade can accomodate some fairly exotic prices
I have recently come across someone who does lost wax casting of jewellery in a system that uses crushed sea-shells but I don't know any details. Anyone here that can enlighten us?
Chas