.: Wholesale sterling silver jewelry Insider Secrets
By:Greg P.
Category:Home / Beauty / Fashion / Jewelry
Have you seen similar silver jewelry sold at price difference of two to three times from different retailers? Have you ever wondered how retailers mark up the jewelry after they get them from the venders? Here we will show you the wholesale trading secrets of sterling silver jewelry.
Price per gram
The most important piece of information for determining the price of a piece of sterling silver jewelry is the price per gram of the silver. This is the fundamental raw material cost of a piece of sterling silver jewelry due to the fact that silver is considered a precious metal. For instance, the price for silver is $9.5 per ounce, the price per gram is determined by dividing the price per ounce by 31.5, which is 30 cents. Therefore, the cost for the raw material for a 5 gram wedding band ring is roughly $1.5. Some might wonder why people would pay $30 for a silver wedding ring when the silver only cost $1.5. The followings will explain the difference.
Labor cost
To turn raw material into finished goods, it involves a great deal of processing cost. The metal itself has to be melted, molded and cast, polished and assembled. Most of the times, 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 high level of craftsmanship.
Other materials
Also, the costs for any additional material are added to the jewelry. For instance, a pair silver pearl dangle earrings that has two cultural fresh water pearls with 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 is high tarnish resistant.
Shipping cost
Many styles of jewelry are imported from other countries because of difference in 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 for 5% to 10%.
Price fluctuations
Some sterling silver jewelry trader, especially wholesaler 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.
Article keywords: Sterling, silver, jewelry, wholesale, hiphop, bling, men, ring, pendant, bracelet, earrings, gold, hip hop
Article Source: http://www.articles32.com
Greg Peterson got his MBA from MIT business school and is now working as marketing manager for jewelry distributors featuring www.samsoneinc.com”>wholesale sterling silver jewelry and wholesale hip hop jewelry featuring cubic zirconia stones.
.: New Jewelry Articles
1). A History of Snake Rings
Diamond snake rings are more popular than ever and are beautifully crafted exquisite pieces of jewelry. The shimmering diamonds along the body of the snake give the perfect reproduction of a snake in motion.
2). Buying Diamond Wedding Rings
Diamond wedding rings are not only beautiful but are a rare natural resource that come in different levels of quality.
3). The Ruby, Emerald And Saphire
Rubies and sapphires are composed of almost pure aluminum and oxygen and are members of the corundum family. The mineral is often called a ruby when it is red and a sapphire when it is blue.
4). Hot Celebrities And Body Piercing A Growing Trend
Many of todays hottest Hollywood celebrities and movie stars have taken to the growing trend of body piercing and body jewelry. This is no longer the arena of a small group of hardcore body piercers but part of our main stream culture. Learn more about body jewelry.
5). Cutting And Polishing Diamonds
Precious stones are cut and polished to develop the beauties which are latent in them. The diamond in its natural found state is not spectacular. The diamond in a natural state is merely a luminous gray pebble.
6). Diamonds, For Investment Or Pleasure?
Most diamonds sold to the general public are known as slightly imperfect. Slightly imperfect diamonds are not easily spotted by the trained eye. The regular person would probably never even notice the imperfections.
7). Diamond Cutting And The Effect On Value
Rough diamonds come in several basic shapes. The most common shape is in the form known as an octahedron. The octahedron resembles two Egyptian pyramids placed base to base, that is the usual crystal form of a diamond.
.: Top Jewelry Articles
1). Birthstone Meaning
January - Garnet
The Romans named this deep-red stone granatum, or pomegranate, because of its resemblance to the fruit's rare, jewel-like seeds. Symbolizing faith and courage, garnets are believed to intensify affection and nurture the imagination.
February - Amethyst
A symbol of peace since ancient times, amethyst was once used to decorate the British crown jewels.
2). Bracelets – Fashionable and affordable attractions and various bracelet types.
Bracelets – Fashionable and affordable attractions and various bracelet types.
Bracelets are an inexpensive way to impress the right people.
We have Friendship bracelets, Family bracelets, donation bracelets, sex bracelets and many more. With companies like Lance Armstrong and Nike jumping in there, is going to be a lot more coming.
What are bracelets?
Bracelets are ornaments worn around wrists or upper arm.
3). How easy is it to spot a replica Rolex?
The fakes are getting BETTER every day. Rolex replica watches, and other replicas have become inexpensive and most important of all, a high quality, therefore it is very important to chose the right replica retailer. Computer-aided design and high-tech CNC machinery means that the counterfeiters can produce watches that can be NEARLY VISUALLY IDENTICAL to the genuine watch! Without knowing what tell-tale signs to look for, the average watch buyer may fall prey to scammers and fraud.
4). Helping to Identify Gold Hallmarks
This Artical is about how to identify Gold Hallmarks.
5). Colored Diamonds You Can Buy
Aside from white, diamonds are also found in shades of yellow, brown, red, purple, blue and green. The color can be either natural or artificial.
Natural fancy color diamonds get their coloring in different ways. The color can be due to trace elements present in the stones, such as nitrogen, which produces a yellow diamond. The diamond may have been exposed to radiation during its creation; green diamonds are an example of gems affected by radiation.
6). Gifts That Benefit The Recipients-And Sick Children. These beautiful Wish Charms that symbolize unity and spirituality also help fund research
The reasons for giving gifts are as numerous as the ideas for gifts themselves. Whether it's for a birthday, a wedding, the holidays, a housewarming or "just because," a thoughtful gift conveys a true sense of caring and sharing.
In addition, certain gifts offer a dual benefit-providing joy to the recipient and helping support worthwhile causes. For example, through the purchase of beautiful and unique items such as St.
7). To Engrave Or Not To Engrave
Engraving... what comes to mind is the permanence and the sense of personal ownership it gives to a precious stone, metal, or wood.