7 Reasons Why Wholesale Sterling Silver Jewelry Comes in Different …
If you are a retailer for silver jewelry, then you must have had searched through Yahoo or Google for items to resell. If you did, then you would not fail to notice there are some wholesale silver jewelry vendors who price their silver jewelries a tad higher than the other wholesalers. Don’t get it? Here’s an example: A silver wedding ring which weighs around 2 to 3 grams per piece. This king of wedding ring or band has a material that costs approximately $0.40 to $0.90. However, you will find wholesalers out there who sell these rings for $2 up to $19 apiece, sometimes even more. Why is that so? Here are the other costs involved in selling sterling silver jewelry.
Labor
Labor cost is the first reason why prices of silver jewelry vary. The manufacturers of silver jewelry have to pay for the whole process of turning the raw silver material into the jewelry that it is being sold as. Labor costs involve lots of things, such as the cost for melting the metal, molding it, and polishing it to a nice finish. There are also handmade silver jewelries, as well as those that require a high level of craftsmanship.
Precious Stone
One thing that you need to remember before purchasing any type of jewelry is the precious stone that comes with it. You may notice that gemstones are much more expensive than stones coming from Swarovski Crystals or Cubic Zirconia. Gemstones are also called precious stones, so you have an idea how "precious" they cost compared to others. If you want a pearl jewelry, you can choose from the genuine or artificial one. Of course, the synthetic pearl costs lower as compared to the genuine one.
Plating
Rhodium is the usual plating used for silver jewelry. What’s great about rhodium is that it prevents tarnishing of your silver jewelry. However, it actually costs more than silver, so rhodium-plated silver jewelry tend to be more expensive.
Price Fluctuation
There are wholesalers of jewelry who base their jewelry prices depending on the current market price of silver. That is why some silver jewelry tends to be cheap this week, and then becomes expensive the next week. It all has something to do with the market price of the metal at a certain time. However, you can still find wholesalers who are not affected by these price trends, and the set a fixed price for their silver jewelry.
Insurance and Courier Fee
As what was mentioned before, the wholesalers are the ones who set the price of your silver jewelry. Some wholesalers have higher prices compared to others because they already added the cost of shipping and insurance to the whole jewelry package.
Business Overhead Expense
Of course, operating a business requires ongoing expenses, and these expenses normally include utilities, bills, salaries of employees, machines, rental fees for the factory and the office, website operation, breakage, advertising, and a whole lot more.
Profit and Revenue
What is the point of selling if you’re not going to earn a profit? Profits are very important in every sale. This is basically the number one reason that different manufacturers and wholesalers sell jewelry in varying prices. Make sure though that the jewelry that you are buying is stamped with ".925". There are wholesalers that get products for a low wholesale price, which is why they are able to sell also for a lower price without sacrificing their revenue. All these depend on your dealings with the manufacturer.
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