Bridal Jewelry

For those of you who are thinking about selling gold jewelry, it is crucial that you understand fully how to determine the price for gold jewelry. Not only this can help you to tell a good deal from a bad one, it also helps to analyze your competitors and understand the market better before you make any investment.

Gold price

The most important part of wholesale gold jewelry trading is to understand the breakdown of the cost of a piece of gold jewelry. Let‘s say the current good price is $500 per ounce. To calculate the cost of gold for a piece of 14 karat gold jewelry that weighs 3 gram without any stones, we first divide the price per ounce by 31.5, to get the price per gram, which is $15.87. This is the price of pure gold. To convert this to 14K gold, knowing that there are 24 karats in pure gold, we divide $15.87 by 24 and multiply the result by 14. The price per gram for 14k gold is roughly $9.26. Therefore, the total cost of the gold for a 3 gram ring would be $27.78.

Labor Cost

Another major part of the cost for a piece of gold jewelry is the cost for labor, especially for pieces set with precious stones. Gold jewelry generally requires some filing and polishing after it is cast out of the mold. The labor cost can sometime be as high as $2 per gram, depending on the origin of the jewelry and the style. In addition, the cost of setting any stones on a gold jewelry can be over one dollar per stone. Certain advanced setting such as channel set and invisible set cost even more because of the high level of craftsmanship required.

Markup of Competitors

A good way to analyze if a certain style of gold jewelry is profitable and beneficial for a business is to understand your competitors’ prices. Since you already know how to calculate roughly the cost of a piece of jewelry, and therefore the price that you can get it, buy looking at the markups of your competitors, you may get an idea of how severe the competition is. For instance, if the competitors are marking up the jewelry three times of the cost, the competitiveness of that style is not really that high. On the other, if everyone has the same pricing and the markup is 50% above the cost, the style might have already saturated the market.

Volume trading

Another angle of looking at the pricing issue is that when the competitors are marking up at a low margin, the item is probably accepted by a lot of consumers. The justification behind it is that when the profit per piece is low, and people are trading them actively, there probably is a high demand for it. On short, the higher the profit margin, the low the volume of sales and the low the profit margin, the higher could be the volume of sales. Another point that is worth noting is that the volume theory also applies to jewelry vendors. If you buy in large quantity, pricing should go down automatically. Therefore, running a successfully business involves getting the balance between all the factors within the resources and infrastructure you have such as employees and capital.

Closeout Jewelry

Since jewelry business is highly time-sensitive, styles that were once popular several months ago may not sell at all couple months later. Therefore, when buying gold jewelry wholesale, you should estimate the monthly sales and stock according to the sale volume. For example, you may want to stock a certain style for two months worth of stock and restock it when it runs out in order to minimize the closeout items in the inventory, which is sometimes referred to as inventory shrinkage.

By understanding the market and your competitors before buy wholesale gold jewelry, you can reduce the mistakes during your entrepreneurial endeavor, thus increase the chance of succeeding tremendously.

Diamond jewelry, should be displayed with proper lighting and proper background. If it is going to be displayed it should be in such a way that the best characteristics show off in that particular piece.

The display of jewelry plays a very significant part in sales. Jewelry should be the main center of attention, as the jewelry display is used to catch a person’s attraction. The proper lighting and background set up will make the diamonds glow. Bad lighting just makes everything look … dull and lifeless.

Color is an important thing to any display of art. There are several parts of the color selection to consider. One is the type of material of which the jewelry is made.

To compare the color of the metals and the precious stones the lining of the jewelry display case will be a deep hue. It’s very common to see a royal blue or an emerald green as the backdrop for the jewelry. White is frequently preferred background color for diamond jewelry.

The next main thing to think about jewelry display is the pricing. Whether all the items are of the same price, or some pieces are expensive than others? When designing a jewelry display, it is very important to know which pieces you would like to sell the most.

To create interest within the jewelry display, it is best to place the jewelry on different levels. This way, the eye does not get bored looking at all jewelry on the same surface. There are many options available for a jewelry seller. Special pieces are made to display necklaces, bracelets, earrings, and all other types of jewelry.

A jewelry display can be an essential part of selling fine diamond jewelry. With only a few tips, your display can become as effective in selling and profit making as the jewelry inside it.

B2C Jewels

www.b2cjewels.com

ve a collection of diamond jewelry, you would be interested in knowing how to keep it safe and clean so as to enjoy the lifelong sparkling shine of your precious stones. Dust, creams, powders, sprays, lotions and other greasy make over materials form a film over your diamond jewelry making their shine fade away and look dull. Cleaning diamond jewelry is very simple and can be done sitting at home only.

Here are a few effective tips to maintain your diamond Jewelry:-

Soak your diamond jewelry in some mild soap solution for half an hour avoiding contacts with each other as a diamond can scratch another diamond. Brush off dirt particles stuck in corners and wires with a soft brush. Rinse with clean water and dry with a clean cloth. Your precious pieces will appear as shining as they were before.

1. Never let your diamonds come in contact with chlorine bleach or other chemicals as these can pit or discolor the mountings.

2. Avoid wearing diamond jewelry while doing heavy household work. Though diamond is the hardest gemstone, yet it can be loosened by a certain activity and can also be chipped by a hard blow.

3. Try to store your diamond jewelry in dedicated jewel boxes wrapped in clean cotton or soft fabric clothes.

4. It is a good practice to get your diamond jewelry professionally cleaned and checked for loose prongs for added safety of your precious gemstones.

Just follow these simple tips and restore the brilliant colors and sparkling shine of your diamond jewelry.