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.
Greg Peterson got his MBA from MIT business school and is now working as marketing manager for jewelry distributors featuring wholesale sterling silver jewelry and wholesale hip hop jewelry featuring cubic zirconia stones.
Jewelry has always been an object of immense fascination for women. The quest for newness in jewelry is one that has been ongoing for ages together as craftsmen strive to create innovations in design, material and styles to satisfy the embellishment needs of women and decorate their beauty.
Jewelry was originally made using precious metals and rare gems. This attribute made people yearn to possess such masterpieces that were rare and unique. Jewelry’s worth was based on the metal, the stones used and the craftsmanship. These factors made jewelry an unattainable aspiration to many and a luxury that only the elite could afford. In recent years there has been a paradigm shift. The use of sterling silver has made jewelry a dream come true to those who have been just gaping at the windows of jewelry shops. Silver has been used as a metal for jewelry for long, but silver as such is too soft a metal, and pure silver is seldom used for making jewelry. Sterling silver, however, is a harder alloy lending itself for exquisite craftsmanship.
Sterling silver is 92.5 percent of silver and the remaining an alloy that is predominantly copper. Sterling silver offers just the right material properties like malleability and flexural strength and allows itself to be crafted into intricate designs. Another great advantage is that sterling silver can be gold plated or plated with rhodium to make it look like platinum, giving it the appearance of one of the most expensive metals at the price of silver. One more unbeatable feature about sterling silver is that the metal can be given an antique finish to add a touch of nostalgia and a classic look to jewelry.
Sterling silver jewelry has now swept the market and one can find an endless collection of beautifully crafted rings, earrings, bracelets, necklaces, pedants and jewelry sets. Among the most popular of choices is the cubic zirconia studded sterling silver jewelry. Cubic Zirconia or CZ as it is popularly known, so closely resembles a diamond that only the well trained eye can tell the difference between the two. The combination of platinum like sterling silver finished jewelry studded with flawless diamond CZ is truly ethereal and regal.
Though sterling silver came as a cost effective replacement for expensive jewelry, it has found the rich, the elite and the celebrities too building up huge and varied collections of sterling silver jewelry, which otherwise would have not been possible. Today, sterling silver jewelry designs are celebrity inspired and designer inspired. There is not a single intricate craftsmanship that is not possible to imitate with this wonderful metal. Sterling silver jewelry can now be shopped with just the click of a mouse and right from the comforts of one’s home. There are many jewelry sites that offer wide collection of unique jewelry at rates that are down to earth.
Gregory Krakovsky is a sterling silver jewelry expert. On his website www.bluewella.com you can find all sorts of sterling silver products.
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A great deal of silver jewellery available today is called 925 silver. Have you ever wandered why we in the jewellery trade add the number 925 in front of sterling silver? Before you part with your hard-earned money buying jewellery for yourself, or as a gift for someone else, it is worth finding out what exactly 925 silver is. Furthermore, it is important to understand why you must always insist that your silver jewellery is up to the high 925 standard.
Before we look at what 925 silver is, we must first consider the properties of this fascinating metal. Pure silver is extremely malleable and therefore can easily damage. It also softens over time, even at room temperature.
Obviously, in this state silver is useless for jewellery purposes. To avoid the problems of malleability and softening, and thus to increase the life-span of your silver jewellery, other metals are added to the pure silver. The result of this blending process with alloys is a combined silver and alloy substance which is far more resistant to scratching and damage.
925 sterling silver jewellery is actually a combination of 92.5% silver and usually 7.5% copper. Sometimes the craftsman replaces copper with another material, or even a combination of materials. Over the last decade lower copper prices and an abundance of copper due to improved refining techniques have made it the first choice of many designers and jewellery stylists.
The beneficial properties gained by adding the copper to the pure silver have made the resulting product extremely popular with a host of silver craftsmen. Earrings, rings, bracelets and all other forms of jewellery can be carefully designed with the assurance that each intricate bend and turn will remain firmly in place.
925 silver is therefore a combination of mostly pure silver and a lower percentage of infused alloy metal. The addition of copper, or occasionally a similar copper-like substitute, helps to enhance your silver jewellery and does not in any way detract from its quality.
It is important to check that your silver jewellery is high quality 925 sterling silver before making a purchase. Remember that in many countries the 925 hallmark is an assurance to you that your silver is of the highest quality.
Kevin Carter, the author of this article, is the marketing manager of http://www.thaisilverjewelry.net Thaisilverjewelry.net is direct manufacturer and wholesaler of fine 925 sterling silver jewelry factory based in Bangkok, Thailand. they also have easy and secure online shopping website with Paypal.
Manufacturer of 925 Sterling Silver Jewelry.
- Precise Swiss-quartz movement
- Flame-fusion crystal; brushed and polished stainless steel case and bracelet
- Date function
- White mother-of-pearl dial with luminous hands and silver-tone hour markers; 16 white diamond accents
- Water-resistant to 330 feet (100 M)
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Silver is a component which is acknowledged for its luminance and scintillating white color. Ever since historical period, silver has been sweepingly used in crafting beautiful and dazing jewelry and diverse versatile adorns. This is one vital rationality why sterling silver jewelry is reaping more devotees. And the twist of its low-cost and fashionable, sterling silver jewelry is breaking bully competition to gold and platinum jewelry.
Pure silver is really a weakly metal and requires to be blended with alloys for more strength and potency. Sterling silver is actually a combination of 92.5% pure silver and 7.5% of alloys like copper. The word sterling came forth in England in the 13th century which credibly meant ‘potent’, ‘solid’ and ‘stable’.
Sterling silver jewelry is ideal for casual use. It is impregnable enough to resist adversities of day-to-day wear. When matched with pro attire, sterling silver produces a fashion command of its own. Sterling silver earrings teamed up with a simple sterling silver necklace prepares you look classy, stylish and naturally, a straight professional.
For social function like cocktail party or political party, sterling silver jewelry helps stress your dress to bring it the sought-after elegance. Sterling silver jewelry tokens impart you the complete appearance at two-thirds the cost of gold or platinum jewelry. This is also one of the reasons why they are so popular with the young particularly teens and college-goers. Bracelets made of leather with sterling silver plates are a fad with guys. The girls fairly love the soft swinging sterling silver earrings with parti-colored gemstones. Voguish, trendy, swish, versatile and refined-sterling silver jewelry provides every style in the fashion account. If style is all about carrying your posture, sterling silver guarantees your attitude exhibited in a powerful mood and at the proper time.
Overstock Silver has a custom of excellent customer service that we will endeavor to maintain. With award-winning company service, superior silver jewelry and affordable prices, Overstock is definitely the home for fashionable and classy sterling silver jewelry.
For more info: contact customer service of http://www.overstocksilver.com , Exquisite Sterling Silver Jewelry. By email : sales@overstocksilver.com, phone # 1-800-430-0969, 410-878-7627.