How do jewelers make a profit

Designer jewelry profit margin,

11/16/2013 - 6:32 pm

 · #1
entitled or totally excessive. Above-average location of the business, skilled workers, insurance, rent, protection against attacks and theft, exclusive business equipment, IT, Internet, tax consultants, business plan, advertising, suppliers, exclusive goods, etc., high fixed costs require correspondingly high profit margins, or

better to buy at the jeweler and goldsmith around the corner?

November 16, 2013 - 7:15 pm

 · #3
I know the profit margins of the noble jewelers, I learned and worked with one.

That is also not my topic, every independent businessman determines his profit margin himself and that is a good thing.

Regarding your personal question, I earn above average and I also work that way.
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Involved since: 03 / 2012

11/16/2013 - 7:25 pm

 · #4
I think it's completely excessive! Just today I was in FFM on Goethestrasse and could only shake my head at most of the local jewelers.
Plain red gold rings 750 / - cost 4500 € each because the name is still on it, I know that they would normally get by with a goldsmith with 2500 €: roll:
I think it's a bit exaggerated.
But today I also looked at a wristwatch for € 363,000! incredible! I can't say whether that's exaggerated ... but it was also a brand ...
J…. le ... .C ...
https://www.facebook.com/J.Art.schmuck
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11/16/2013 - 7:27 pm

 · #5
Do you attract someone or something out of the jungle with bananas?

The time in which prices were calculated based on expenditure are definitely over. Today prices are designed because they are a work of art. A work of art because a functioning price has to be designed in a very humid way (in contrast to "real" art works).

Such a person has to top the square of the circle. On the one hand, it MUST cover the costs, it MUST be attractive enough for the buyer, otherwise no one will buy, but it SHALL also bring in the proceeds that are just possible. Advertising tries to widen this fine line with more or less success).

Given this situation, who wanted to make a serious statement?

I might have asked the question differently. Like this:

Who would like to tell me how much I can push a given price at a jeweler or goldsmith without losing interest?
Greetings, Ulrich - goldsmiths since 1967

CAD, rapid prototyping, 3D printing + milling, foundry, laser welding see 1993, http: //www.wehpke.dehttps: //www.facebook.com/STL.Direkt/
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11/17/2013 - 12:48 a.m.

 · #7
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Involved since: 11 / 2012

11/17/2013 - 8:36 am

 · #8
Calculating correctly wants / must be learned. On the one hand, one should not only "turn" the money, there should also be something left to earn. On the other hand, the quality should be in line with the price. Whether a name has or must have something to do with quality is an open question. The better known the name and the better known the label and: the more often on the market, the easier it is to compare prices. If one is too cheap on the market, it will probably always be compared with the "more expensive" one. On the other hand, services are also to be rewarded.

When I get the chance, it occurs to me (but has nothing to do with jewelry): good restaurants never advertise a lot to the outside world, and the location is usually an insider tip because it is almost impossible to find. Those who have been there again and again and like to pay for quality and performance.

I was invited to an artists' market yesterday. The young lady designs herself, has created her own label and is heading towards the fast lane.

With her Erbs & Mörli brand, she appeals to young people, whether girls or boys.

It just depends on the (success) recipe .....

Young and fresh and unspoilt.