Jewelry Pricing Guide
A good rule of thumb when starting out is to start with four times your material cost and packaging. Most consignment or wholesale opportunities take up 40 to 60 percent of your retail cost. What is the average profit margin for jewelry? Today the typical jeweler is only making 42 to 47 percent gross profit margin.
How to Set the Price of Jewelry
Price of jewellery = Gold rate/Gram x Weight of gold in jewellery + Making charge/gram + GST (on Jewellery plus making charge).
Do you use a jewelry pricing formula to determine how much to charge for your creations? There isn’t one “best” formula for pricing jewellery – and most artists who sell their jewellery come up with their own price calculation procedures.
Factors to Consider When Pricing Handmade Jewelry
Here is a simple guide to pricing your jewellery. It takes into account the cost of your materials, and the difference between price and value.
Standard Markup for Jewelry
What is the standard markup for jewellery? Jewellers will mark up precious metal jewellery by two to three times the wholesale price.
How to Determine Jewelry Worth
Professional appraiser helps determine worth per regulations. Appraised value is replacement cost. Intrinsic value is metals and gems. Resale value adds craftsmanship. Sell your jewelry with appraisal. Divide jewelry among heirs with appraisal.