| Have you seen similar silver jewelry sold at price | | | | Shipping cost |
| difference of two to three times from different | | | | Many styles of jewelry are imported from other |
| retailers? Have you ever wondered how retailers | | | | countries because of difference in availability of |
| mark up the jewelry after they get them from | | | | raw materials such as stones and also the |
| the venders? Here we will show you the | | | | specialties in making some particular styles. Hence |
| wholesale trading secrets of sterling silver jewelry. | | | | the shipping cost of transporting is also part of |
| Price per gram | | | | the cost. Usually, for imported sterling silver |
| The most important piece of information for | | | | jewelry, the shipping cost can amount to 10% of |
| determining the price of a piece of sterling silver | | | | what it costs to make the jewelry themselves. |
| jewelry is the price per gram of the silver. This is | | | | Custom Duties |
| the fundamental raw material cost of a piece of | | | | For the same reasons, imported jewelry incurs |
| sterling silver jewelry due to the fact that silver is | | | | duties at the custom. This is a cost that normal |
| considered a precious metal. For instance, the | | | | consumers are not aware of but it can also |
| price for silver is $9.5 per ounce, the price per | | | | increase the price of sterling silver jewelry for 5% |
| gram is determined by dividing the price per | | | | to 10%. |
| ounce by 31.5, which is 30 cents. Therefore, the | | | | Price fluctuations |
| cost for the raw material for a 5 gram wedding | | | | Some sterling silver jewelry trader, especially |
| band ring is roughly $1.5. Some might wonder why | | | | wholesaler would associate the price of the |
| people would pay $30 for a silver wedding ring | | | | jewelry with the current silver price. Therefore, |
| when the silver only cost $1.5. The followings will | | | | the price of a piece of sterling silver jewelry |
| explain the difference. | | | | might be different from month to month, and |
| Labor cost | | | | even day to day in the case of wholesale. |
| To turn raw material into finished goods, it | | | | Business Overhead |
| involves a great deal of processing cost. The | | | | Just like any other business, the sales have to |
| metal itself has to be melted, molded and cast, | | | | cover also the overhead of running the business. |
| polished and assembled. Most of the times, silver | | | | Normal overhead costs are employees' salaries, |
| jewelry is accented with various stones, the costs | | | | rent, utilities and breakage. |
| for setting the stones are also a major part of | | | | Profit |
| the total cost for jewelry, especially for jewelry | | | | Of course, the price you pay includes the profit |
| that requires high level of craftsmanship. | | | | for the sellers. |
| Other materials | | | | By knowing the above facts, you can make much |
| Also, the costs for any additional material are | | | | more informed decisions when buying wholesale |
| added to the jewelry. For instance, a pair silver | | | | sterling silver jewelry and most importantly, avoid |
| pearl dangle earrings that has two cultural fresh | | | | scams. There are occasions when people make |
| water pearls with rhodium finish should cost | | | | fake silver jewelry and sell them at a very low |
| double the price of the silver to make because of | | | | price. If you know how to determine the cost of |
| the cost of the pearl and rhodium. Note that | | | | a piece of silver jewelry, you won't buy into deals |
| rhodium is even more expensive than silver itself | | | | where they offer you a price that is lower than |
| and it is high tarnish resistant. | | | | the normal cost of real sterling silver jewelry. |