The Secrets of Wholesale Jewelry in Jewelry Market
When you buy wholesale silver jewelry online, have you noticed the different prices between those wholesale silver jewelry? From the cost aspect, it’s important for jewelry suppliers to keep their inventory costs as low as possible, so how do you make sure you get the best value for your silver jewelry in bulk?
Knowing the market information for producing wholesale silver jewelry can help you avoid excessive costs when dealing with unreliable jewelry suppliers. If not, you will most likely be buying wholesale silver jewelry for two to three times more than the same quality. So in this guide, we’ll take a closer look at the secrets behind wholesale silver jewelry to ensure you get the best value for your money!
Now, scroll down for more information, this blog is sure to help you a lot!
Labor cost
Turning raw materials into finished goods involves a great deal of processing cost. The metal itself has to be melted, molded, cast polished and assembled. Most of the time, silver jewelry is accented with various stones, the costs for setting the stones are also a major part of the total cost for jewelry, especially for jewelry that requires a high level of craftsmanship.
Other materials
Also, the costs for any additional material are added to the jewelry. For instance, a pair of silver pearl dangle earrings that has two cultural freshwater pearls with a rhodium finish should cost double the price of the silver to make because of the cost of the pearl and rhodium. Note that rhodium is even more expensive than silver itself and it highly tarnish resistant.
Shipping cost
Many styles of jewelry are imported from other countries because of differences in the availability of raw materials such as stones and also the specialties in making some particular styles. Hence the shipping cost of transporting is also part of the cost. Usually, for imported sterling silver jewelry, the shipping cost can amount to 10% of what it costs to make the jewelry themselves.
Custom Duties
For the same reasons, imported jewelry incurs duties at the custom. This is a cost that normal consumers are not aware of but it can also increase the price of sterling silver jewelry by 5% to 10%.
Price fluctuations
Some sterling silver jewelry traders, especially wholesalers would associate the price of the jewelry with the current silver price. Therefore, the price of a piece of sterling silver jewelry might 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 make much 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 them at a very low price. If you know how to determine the cost of a piece of silver jewelry, you won’t buy into deals where they offer you a price that is lower than the normal cost of real sterling silver jewelry.
Suggestions for a wholesale jewelry website
Jewelrykg- a professional global wholesale jewelry supplier.
Ranging from fashion wholesale earrings, necklaces, rings, chokers, brooches, hair accessories, and body jewelry to key chains, we offer a wide variety of fashion jewelry at great prices and with no minimum order quantities.
We can provide jewelry buyers, jewelers, and wholesalers with seamless access to high-quality products at affordable prices.
Our mission is to offer our customers a hassle-free experience, whether you’re ordering your first piece or your hundredth.
Wholesale bulk jewelry by weight
Wholesale bulk jewelry by weight is a cheaper purchasing model than regular wholesale prices. The jewelry is randomly placed in the package, and the price is calculated according to the weight. It is a cost-effective procurement model.
Here are some key points that set us apart:
- Offer low minimums per order: no MOQ
- Excellent customer service
- Fast turnarounds times
- Keep new products updated every day to provide you with more choices
- A large variety of styles, designs, shapes, and colors
- Over 10 years in the industry
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