It's a jittery time in the gold market. Prices go up. Prices go down. And what does that really mean for lovers of fine gold jewelry?
Two weeks ago, the price was at a peak: $1011 per ounce. It was a heady time as one analyst predicted that the price "could go as high as $5000 per ounce"
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Determining the Gold Value in a Piece of Jewelry
There is a very simple formula for figuring the base price of gold per gram.
(Price of Raw Gold per Ounce) / 31.1 / 24 x (Gold Karat)
Rope Chains @ an Average of 40% OFF from Apples of Gold.
For example, if the spot price of gold is $850.00
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Keystone Pricing
Keystone pricing is taking the wholesale cost of a piece of jewelry and marking it up 100%.
Information site, About.Com, takes this a step further. They advise entrepreneurs:
"A simple formula when pricing for wholesale is to add up your costs (this includes labor, overhead,
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Gold chains are by far the simplest types of gold jewelry to price. Learn how to price gold chains like professional jewelers!
The most important thing to look for is the gram weight of the gold chain in question. Once you have determined the gram weight, you are equipped for price comparisons.
Of
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