Pricing Gold Jewelry with an Online Jewelry
14K White Gold Men's Double Curb
Bracelet
Online Jewelry
At an on-line jeweler, such as
Apples of Gold Jewelry, there is no
physical retail establishment accessible to the public. At Apples of Gold
Jewelry, we work directly and personally with some of the most competitive
jewelry manufacturers worldwide. These are the same manufacturers that are
producing gold jewelry for traditional jewelry stores. However, all the costs
that would be incurred by a traditional retail merchant simply don't exist.
Consequently, this benefit is passed on to the consumer. Most online jewelers,
such as Apples of Gold Jewelry do not use keystone pricing. If you wanted to put
a label on their pricing practice I suppose, on the average mind you, you could
call it "35% Keystone". Instead of double or triple the wholesale price, you'd
be hit for an increase of less than ½! You have to admit it – that's a pretty
good deal. Everybody wins.
Many times, even in the face of a jump in the price of gold, a
buyer can still make out if the jeweler has a fair amount of merchandise in
stock. Since he doesn't have to buy as much at the new, higher price, he can
afford to let the older, lower price stand and still come out just fine. This
holds true with all types of retailers – traditional as well as on-line.
However, should a seller seek to replace a certain piece, he is
forced to pay the new price. It will depend on his own financial situation
whether he can afford to let you have the piece at the original price. Here is
another case where the on-line jeweler generally has it all over the
traditionalist. Think about it - the gallon of gas that you paid 29¢ for 40
years ago is going to cost you $3.00 today. If you wanted to replace the house
you paid $15,000 for 40 years ago, it would cost you easily over $100,000. We're
talking about wood here – a renewable resource. There is only so much gold.
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Rising Jewelry Pricing
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Related Article:
Pricing
Gold Chains
Rising Price
of Gold and Retail Jewelry