Online Shopping

Wholesale gold jewelry trading guide for entrepreneurs

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.

Wholesale gold jewelry trading guide for entrepreneurs / Ken22

Scott Murff got his MBA from MIT business school and currently is the marketing manager in 14K gold earrings that specializes in wholesale gold jewelry including gold and cubic zirconia body jewelry.

Should You Allow Your Teen To Buy Designer Jewelry?

Parenting certainly has gotten a lot more complicated these days, especially when it comes to raising teenagers. Today’s teens are technologically savvy, sending text messages to friends all over the world, maintaining their own blogs, and in full command of their iPods.

Another area where teens excel is in fashion, with the young ladies keeping up with all of the latest trends including footwear, make up, clothes, even designer jewelry. That last category, designer jewelry, is where some parents are putting their feet down, thinking that their teens will blow all of their money on frivolous items. Certainly, some designer jewelry will be worn once and then forgotten, but if your teen has a flair for fashion, then allowing her to purchase some items or receiving them as gifts just might work out well.

Like so many things these days, designer jewelry has changed a lot. Let’s take a look at some reasons why jewelry lines sold by fashion designers can be the right purchase for your fashion conscious daughter:

Trendy and Expressive – Teens are into expressing themselves, using terms such as “self actualization” to define who they are. Although Leon Popov`s line of butterflies pins and rings might not appeal to her, symmetrically shaped rings, pendants, and earrings from Sarah Blaine Fusion certainly could. And, with a pair of earrings retailing at prices starting around $50, quite suddenly her buy is no more expensive than the 18K yellow gold hoop earrings you craved when you were her age.

Value Priced – Some jewelry designed by the most exclusive designers will set you back $2500 for a pin or $6000 for a ring. Clearly, unless you or your daughter has the means to pay for such items, you’ll be avoiding the top designers. However, silver jewelry offers a tremendous value and is something teens are embracing. Popular today is the Hot Diamonds designer line, a collection of earrings, pendants, rings, charms, necklaces and bracelets favored by young buyers. Best of all, Hot Diamonds has a large inventory of goods retailing for under $100, which makes for a perfect birthday or holiday gift.

Easy Shopping – Your daughter is knowledgeable about the internet as it is and probably is familiar with all of the quality websites that sell fashion jewelry at wholesale prices. Why not hold her to a budget and let her pick out what she wants? This will give to her an incentive to shop around and a math lesson too: just wait until she compares mall prices with what she can find on the James Allen website! You’ll be amazed at the savings online shopping can bring forth.

As parents, it can be easy to forget that we once embraced long forgotten trends, wrestling with our own parents as to what we could buy and wear. Truly, teen’s tastes are much more expensive than when we were young, but with a budget in place the bank doesn’t have to be busted by the purchase of something she may no longer wear next year. Besides, you want to reward her for helping you download songs to your iPod – why not give her something that she really wants in return?

About the Author

Bryan Peter offers you helpful tips on Diamond wedding ring loose diamonds and specializes in giving latest diamond education. Our company is a leading diamond and jewelry store offering all unique products. For more tips on buying engagement rings please visit: Diamond Earrings

Should You Allow Your Teen To Buy Designer Jewelry? by Bryan Peter

How to select mommy jewelry for a special woman

No matter how old we are, there is one woman who holds a special place in our hearts – our mother. A woman’s greatest gift is in creating and nurturing life; and for that, she deserves to be revered and treasured. One of the best ways to keep your mom or your wife happy is to present them with mommy jewelry – a token that reminds them of the special days in their life.

Fortunately, mommy jewelry is not what it sounds like – dowdy or orthodox. No way. These days, mommy jewelry is exotic, trendy, stylish, classy and very affordable.

Some of the best items that you select for mommy could be pendants, rings or diamonds. The one thing you need to keep in mind is that it’s not about the cost. Women generally love beautiful things. They are sentimental and they love things that have special significance.

With that in mind, select items that can hold a special message. Some of the most popular items of mommy jewelry include charm necklaces. A great advantage is that you can add charms, having one charm for each child. A great example of personalized mommy jewelry is a pure gold or silver charm that has been hammered with gold in between. This charm can hold the name of the child. Another wonderful jewelry is a pendant that holds the picture of the child.

Trendy mommy jewelry includes charm bracelets too. This is a carry over from their teenage years when girls loved to wear beads or were allowed to create their own beaded jewelry. What’s the charm of these beads? Ask your mommy!

Mommy jewelry may be personalized. Personalization greatly adds to the beauty and significance of the piece of jewelry. Imagine wearing a pendant that contains a special message from your child. That child may well be 50 years of age, but for the mother, this trinket will remain one of her most favored pieces.

One great idea for mommy jewelry is a pendant that contains stones. If it’s for a woman, we all know that the most obvious choice would be diamonds. But, how about taking a road less traveled and studding the pendant with the birth stones of her children? Jewelry items are available in silver or gold. For those who like silver, personalized silver rings and pendants are available. Since these items are precious, they can easily be worn for a lifetime and be passed down from generation to generation.

Personalized mommy jewelry is one of the most touching ways of telling your mom or wife how special she is. When you select jewelry, choose something delicate, striking, enduring and fun – just like the woman wearing it!

How to select mommy jewelry for a special woman / quinlanmurray

Unique Mommy Jewelry – Chase’s Treasures is a chic boutique that offers fine and unique products and gifts for babies, children, home and moms.