How to calculate Jewelry Cost?

 

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You always want to pay the right price for your jewelry – not less (to be fair to the seller), and not more (to be fair to your pocket).

Always the question comes is, what is the right price? Especially when you are buying gold/diamond jewelry.

Let’s talk about different components of the cost involved in jewelry price:

Metal Cost

Most of the retailer in US doesn’t mention the metal weight of the metal used in jewelry design. However it is a common practice in India, and some other countries to reveal the metal weight.

Another important factor in calculation of metal cost, apart from metal weight, is the composition of metal. It is reflected as 14K, 18K or 22K prefixes.

All the Diamond and Gold designs (not Gold-Plated) in our collection mentions the metal weight, and metal composition – so that customers can estimate the price of metal used.

Diamond Cost

Diamond cost is the most complicated one to calculate, since it depends not just on the weight of Diamond, but also on the cut and clarity. That’s why it is important to buy jewelry only from a trusted source, who provides diamond certification report at the time of purchase. Some jewelers charge additional price for providing the diamond certification report, but it is always worth spending that money to ensure that you have paid the right price for a genuine product.

Labor

The last and most important part of jewelry cost is labor. This cost includes the labor charge to make the jewelry piece. Most of the retailers cover their running expenses under the name of labor cost, like electricity, staff salary, and other bills.