01.10
Thopoles
Have you seen identical silver jewelry distributed at price variation of two to three moments from different retailers? Have you ever wondered how retailers mark up the jewellery after they grab them from the venders? Here we could show you the wholesale trading secrets of sterling silver jewelry.
Price per gram The most important piece of information for determining the price of a piece of sterling silver jewellery is the cost per gram of the silver. This is the fundamental raw material value of a piece of sterling silver jewelry due to the fact that silver is considered a precious metal. For instance, the price for silver is $9. 5 per ounce, the price per gram is determined by dividing the cost per ounce by 31. 5, which is 30 cents. Therefore, the cost for the raw material for a 5 gram wedding band ring is roughly $1. 5. Some might wonder why people would pay $30 for a silver wedding ring when the silver just cost $1. 5. The followings can explain the variation.
Labor cost To turn raw material into concluded goods, it involves a great deal of processing cost. The metal itself has to be melted, molded and cast, polished and assembled. Most of the periods, silver jewelry is accented with various gems, the costs for setting the stones are also a major part of the total value for jewelry, especially for jewelry that requires high level of craftsmanship.
Other materials Also, the costs for any additional material are included to the jewelry. For instance, a pair silver pearl dangle earrings that has two cultural fresh water pearls with rhodium finish have to cost double the value of the silver to make because of the value of the pearl and rhodium. Note that rhodium is even more expensive than silver itself and it's high tarnish resistant.
Shipping cost Many styles of jewelry are imported from other countries because of difference in availability of raw materials such as stones and also the specialties in making some particular styles. Hence the shipping price of transporting is also a part of the cost. Usually, for imported sterling silver jewellery, the shipping price can amount to 10% of what it costs to produce the jewelry themselves.
Custom Duties For the same reasons, imported jewelry incurs duties at the tailor made. This is a cost that normal consumers are not conscious of but it can also increase the cost of sterling silver jewelry for 5% to 10%.
Price fluctuations Some sterling silver jewellery trader, especially wholesaler would associate the price of the jewelry with the current silver price. Therefore, the price of a piece of sterling silver jewelry could be different from month to month, and even day to day in the case of wholesale.
Business Overhead Just like any other business, the sales have to cover also the overhead of running the business. Normal overhead costs are employees salaries, rent, utilities and breakage.
Profit Of course, the price you pay includes the profit for the sellers.
By knowing the above facts, you can create much more informed decisions when buying wholesale sterling silver jewelry and most importantly, avoid scams. There are occasions when people make fake silver jewellery and sell them at a very low cost. If you understand how to determine the value of a piece of silver jewellery, you won�t obtain into deals where they offer you a cost that is minimise than the typical cost of real sterling silver jewellery.
Price per gram The most important piece of information for determining the price of a piece of sterling silver jewellery is the cost per gram of the silver. This is the fundamental raw material value of a piece of sterling silver jewelry due to the fact that silver is considered a precious metal. For instance, the price for silver is $9. 5 per ounce, the price per gram is determined by dividing the cost per ounce by 31. 5, which is 30 cents. Therefore, the cost for the raw material for a 5 gram wedding band ring is roughly $1. 5. Some might wonder why people would pay $30 for a silver wedding ring when the silver just cost $1. 5. The followings can explain the variation.
Labor cost To turn raw material into concluded goods, it involves a great deal of processing cost. The metal itself has to be melted, molded and cast, polished and assembled. Most of the periods, silver jewelry is accented with various gems, the costs for setting the stones are also a major part of the total value for jewelry, especially for jewelry that requires high level of craftsmanship.
Other materials Also, the costs for any additional material are included to the jewelry. For instance, a pair silver pearl dangle earrings that has two cultural fresh water pearls with rhodium finish have to cost double the value of the silver to make because of the value of the pearl and rhodium. Note that rhodium is even more expensive than silver itself and it's high tarnish resistant.
Shipping cost Many styles of jewelry are imported from other countries because of difference in availability of raw materials such as stones and also the specialties in making some particular styles. Hence the shipping price of transporting is also a part of the cost. Usually, for imported sterling silver jewellery, the shipping price can amount to 10% of what it costs to produce the jewelry themselves.
Custom Duties For the same reasons, imported jewelry incurs duties at the tailor made. This is a cost that normal consumers are not conscious of but it can also increase the cost of sterling silver jewelry for 5% to 10%.
Price fluctuations Some sterling silver jewellery trader, especially wholesaler would associate the price of the jewelry with the current silver price. Therefore, the price of a piece of sterling silver jewelry could be different from month to month, and even day to day in the case of wholesale.
Business Overhead Just like any other business, the sales have to cover also the overhead of running the business. Normal overhead costs are employees salaries, rent, utilities and breakage.
Profit Of course, the price you pay includes the profit for the sellers.
By knowing the above facts, you can create much more informed decisions when buying wholesale sterling silver jewelry and most importantly, avoid scams. There are occasions when people make fake silver jewellery and sell them at a very low cost. If you understand how to determine the value of a piece of silver jewellery, you won�t obtain into deals where they offer you a cost that is minimise than the typical cost of real sterling silver jewellery.
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