For those of you who are considering selling gold jewelry, it is essential that you understand how to determine the price of gold jewelry. Not only can this help you to say a good deal of bad, it can also analyze your competitors and better understand the market before making an investment decision.

gold prices / b>
The most important part of trade in gold jewelry wholesale is the breakdown cost of a piece of gold jewelry to understand. Suppose that the current high price is $ 500 per ounce. To calculate the cost of gold for a piece of 14 karat gold jewelry without stones weighs 3 grams, we first divided by price per ounce 31st 5 to receive the price per gram, which is $ 15 . 87th It’s the price of pure gold. To convert this in 14K gold, knowing that pure gold 24K us $ 15. 87 by 24 and multiply the result by 14 The price of a gram of 14k gold is about $ 9. 26th Consequently, the total number of grams of gold for $ 27 would ring 3. 78th
Work

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Another important part of the cost for a piece of gold jewelry is the cost of labor, especially pieces of precious stones. But usually requires sanding and polishing after it is poured from the mold. The cost of labor at a time as high as $ 2 per gram, according to the origin of the jewelry and style. In addition, the cost of setting stones on a gold jewelry over a dollar a stone. Some advanced settings such as channel set and invisible costs more is needed because of the high level of craftsmanship.

Markup competitive analysis / b>
A good, if a certain style of gold jewelry is profitable and beneficial to analyze a company to understand your competitors’ prices. Since you already know how to calculate the cost of such a jewel, and so the price you can get it, buy the markup of your competitors are looking for, you can get an idea of the strength of competition. For example, if competitors jewelry mark is three times the cost of that competitiveness is not very high style. On the other hand, if everyone has the same price and 50% markup on cost, style may have already saturated the market.

Trading Volume / b>
Another angle to consider the pricing problem is that if competitors are marking a small margin, the issue is likely to be accepted by many consumers. The reasoning behind this is that if earnings per share is low, and people are active exchanges, he probably has a high demand. could, in short, more profit, low sales and low profit margin, the greater the volume of sales. Another point worth mentioning that the volume of the theory also applies to jewelry manufacturers. If you buy in large quantities, prices should fall automatically. Therefore, managing a successful business will always involve a balance between all factors in terms of resources and infrastructure that you have, such as employees and capital.

Jewelry Closeout / b>
Since the jewelry business is very time-sensitive styles that were once popular a few months ago has not sold a few months later. Therefore, when buying gold jewelry wholesale, you should estimate the monthly sales and stock after the volume of sales. For example, you can fill a certain style for two months worth of stocks and shares when it comes to an end, the item from sale of inventory to minimize inventory shrinkage as it is called sometimes.

By understanding the market and your competitors before you buy Wholesale to reduce errors in your business efforts, thus increasing the chances of huge success.