Have you seen similar silver jewelry sold at price difference of two to three times from different retailers? Have you ever wondered how retailers mark the jewelry, even after obtaining it from the seller? Here we will show you the wholesale trading secrets of sterling silver jewelry.
The price of love
The most important piece of information to determine the price of a piece of sterling silver jewelry is the rate of grams of silver. This is the cost of raw materials essential pieces of sterling silver jewelry due to the fact that silver is the precious metals. For example, the price of silver is 9.5 dollars per ounce, is the rate by dividing the price troy ounce grams (an ounce) by 31.5, which is 30 cents. Therefore, the cost of raw materials for 5 grams Party wedding ring is approximately $ 1.5. Might wonder why some people would pay $ 30 for the silver wedding ring when the silver only cost $ 1.5. The following will explain the difference.
Labor costs
To convert raw materials to finished goods, and it involves a great deal of the cost of processing. The metal itself to be melted, cast and cast, polished and assembled. Over time, silver jewelry is accented with various stones, to determine the cost of stones is also a large part of the total cost of jewelry, especially for jewelry that require a high level of professionalism.
Other articles
Also, any additional material costs added to the jewelry. For example, pair of silver earrings and pearl dangle two of the freshwater pearls and cultural ties with Rhodium and should be completed for the cost of doubling the price of silver to make because of the cost of pearls and Rhodium. Note that Rhodium is even more expensive than silver itself and it is high resistance to distortion.
The cost of freight
There are many methods of jewelry imported from other countries because of differences in the availability of raw materials such as stones and also making some representatives of the special methods. Thus, the cost of transporting freight is also part of the cost. Normally, the sterling silver jewelry imported and the cost of shipping can be up to 10% of the cost to make the jewelry themselves.
Customs duties
For the same reasons, imported jewelry and assume the duties of the custom. This is the normal cost that consumers are not aware of but it can also increase the price of sterling silver jewelry for 5% to 10%.
Price volatility
Some sterling silver jewelry trader, especially wholesaler to associate with the current price of silver jewelry prices. Therefore, the price of a piece of sterling silver jewelry may be different from month to month and even day to day in the case of wholesale.
Business overhead
Like business, sales also cover the overhead of running a business. Regular costs are salaries, rent, utilities and breakage.
Profit
Of course, the price paid by the seller to profit.
Knowledge of the facts mentioned above, you can make more informed decisions when buying wholesale sterling silver jewelry and most importantly, avoid scams. There are occasions when people make fake silver jewelry and sell at a very low price. If you know how to determine the cost of a piece of silver jewelry, you will not to buy those deals where they offer you a price that is less than the normal cost of real sterling silver jewelry.
About the author here.
Article source (edited).
No comments:
Post a Comment