The process of manufacturing jewellery can be very interesting as well as challenging. In fact, several factors influence the final product price. For anyone in the jewellery manufacturing, knowing these costs is important. It helps in pricing, budgeting, and maintaining profit margins. Every piece of jewellery starts with an idea and a mould to bring it to life.
Design Costs
Designing jewellery is a creative and standard process that requires some time and accuracy. Concept development through drawings and the use of physical models can influence costs. An easy design may take around 112 of Saudi Arabian Riyal. A more complicated one could be over 187 SAR’s. These costs depend on the design intricacy and magnitude.
Mould Costs
Moulds are essential to turn designs into reality. Costs depend on the size of the piece and the number of moulds required. Simple designs like rings or earrings may need one mould. This can cost between 112 SAR and 300 SAR. Complex pieces may need multiple moulds, raising the expense. Manufacturers may waive mould fees for bulk orders but may double charges for single-item requests.
Metals
The choice of raw materials has a big impact on costs. Precious metals like gold and silver are more expensive than non-precious options like brass or bronze. Market prices and purity levels (14K, 18K, or 24K) affect costs significantly.
Gemstones
The price of gemstones depends on quality, colour, cut, and rarity. Genuine and rare gemstones are expensive. Researching the market helps you make informed choices.
Processing and Finishing Processing Costs
Crafting, setting, polishing, and finishing require skill and labour. Handcrafted jewellery is costlier due to the time and expertise involved. Machine-made items are usually cheaper.
Electroplating Cost
Crafting jewellery combines art and technique. Costs can vary widely.Electroplating adds a polished finish. Rhodium electroplating is the most expensive. Gold, rose gold, and silver are slightly cheaper. Costs depend on the layer’s thickness and the use of multiple colours.
Shipping Costs
Using a reliable carrier like DHL, shipping costs are typically between 112 SAR and 187 SAR for the first kilogram.
Payment Methods
For smaller orders, PayPal is convenient but incurs a 5% fee. Larger orders are better suited to cost-effective wire transfers. Thus, shipping and payment methods account for the overall expenses in the entire business venture.
Managing these costs can be challenging. With the right tools, you can simplify operations and improve your business.
SUNFACET ERP can take your jewellery manufacturing to new heights. Please, feel free to contact us to find out more about how we can assist you in achieving your business goals.
Phone: +971 55 220 1715
Email: [email protected]
Our Locations: UAE, KSA, India, Hong Kong
Visit Our Website: www.suntech-global.com
