Jewelry buyers find gold prices unexpectedly high
10 posts across 4 communities in the last 60 days; 60% from r/jewelry.
“My current pricing allows plenty of profit A ring that costs me $800-900 to produce will be sold for $3000 and I think that is enough. This people want to sell that ring for $5000”
“I (30F) love antique jewelry and have watched the prices for it climb significantly over the last 5 years as gold and silver prices have risen. Diamonds have devalued as lab versions have become good but other stones seem to still hold value and I think antique pieces in general…”
“Any recommendations on medium solid gold hoops earrings? Should I get 10k or 14k solid gold? Thanks in advance!”
Customers are surprised by the significant increase in gold jewelry prices, with some paying over $127 per gram. They recall previous purchases at much lower rates and question whether a markup of 47% over spot price is now standard for 14k gold.
SOURCES (18)
“My current pricing allows plenty of profit A ring that costs me $800-900 to produce will be sold for $3000 and I think that is enough. This people want to sell that ring for $5000”
“I (30F) love antique jewelry and have watched the prices for it climb significantly over the last 5 years as gold and silver prices have risen. Diamonds have devalued as lab versions have become good but other stones seem to still hold value and I think antique pieces in general hold value as having historical significance. I’ve been investing in my retirement (currently have about $80k) but am considering taking $2k a year and dedicating it towards buying one gold antique jewelry piece and addi”
“Any recommendations on medium solid gold hoops earrings? Should I get 10k or 14k solid gold? Thanks in advance! submitted by /u/Fortheloveofmakeup3 [link] [comments]”
“I will consider some 10k but it depends on. submitted by /u/Few_Dream6178 [link] [comments]”
“So I want to buy pearls and diamond now I was planning to buy gold but it's rallying up now. So tell me the best places to buy pearls and diamond. Best quality and medium quality too. Please suggest both online and offline stores. If I should look up for any offer or season to buy them. submitted by /u/mknsw99 [link] [comments]”
“What are your margins? Can’t figure out what I should be aiming for, I’m currently all over the place submitted by /u/gardening_10b [link] [comments]”
“Actually, I take that back. Once I called around to a bunch of places near where I live in Maryland and a bunch were quoting me around 50% of the spot price. Hence my original statement of “some are honest, some less so.””
“I have been researching vendors the last couple days. One vendor (I will not name them) said metal prices could fluctuate. Other vendors gave me a price with mention of the price going up. Is this a red flag? Just curious because I dont want the price to just go up after CAD by a hundred or more and I am stuck because I put down the deposit. submitted by /u/No_Ocelot8629 [link] [comments]”
“I ordered some 14k gold 5mm ball studs for $55 on Etsy. There are other listings around that price. If you look at places like Nordstrom, Shane Co, Jared, etc. the price is at least double that. Also, other styles of gold jewelry are much more expensive these days. Any insight? submitted by /u/PersonalQuestions123 [link] [comments]”
“Hello just wondering what would be a good and reasonable price for something like? Not too familiar with this so I thought I'd ask here! Please let me know! Also I was thinking 10k white gold if anyone is asking. submitted by /u/StrayCatBluess [link] [comments]”
“Hi, I'm choosing a gold necklace for my wife for everyday wear and I'm trying to decide between 14k and 18k yellow gold. I was originally thinking about 18k because I like the more yellow color and it looks more premium to me. But I spoke to a jeweler today and he recommended 14k for everyday wear. His main argument was that 14k has a slightly different yellow color, which he says is usually what women mean when they ask for yellow gold. He also said that 18k is softer and therefore wear”
“jewelry usually supports higher markup than most categories since perceived value matters more than raw material cost, 3-4x your all in cost (product + both packaging + shipping) is a common starting point. also budget your acquisition cost as its own like item upfront rather than hoping margin covers whatever ads end up costing, that's usually where people get burned”
“Hello! I’ve been seeing that JCPenney has gold jewelry on sale for $299. I checked the site and they have a couple of 10k and 14k solid chains that have decent reviews. Is 299 a good price for a chain? I can post some of the links I’m looking at. I’m just completely clueless about prices. submitted by /u/tess_c [link] [comments]”
“I thought I was finally able to buy a "double curb link" necklace I'd been wanting for three years, but since gold prices went up the seller increased the price by about $1,000 US. Though they are very kind and I've purchased several pieces from them, the seller was unwilling or unable to sell to me at a price I could manage. So, I put together my own two-tone mariner version using a white necklace and a yellow bracelet from two other jewelers. I'd always wanted a puffed ma”
“I am looking to purchase a Cuban link (or similar style) chain for men. I think a 16k or 18k would be preferred. I have no clue what good pricing for gold chains are or when/where is the best time/place to buy. I have never bought any jewelry and know absolutely nothing about it. My budget is around 2k-3k. Any help or advice would be appreciated! submitted by /u/grapefruit4444 [link] [comments]”
“I haven’t bought gold jewelry in years, I was shocked today to see items I was shopping for at 127ish a gram. I know gold went up and checked spot prior to shopping today but geez I bought all of my jewelry at maybe 50 a gram and spot was in the low 40’s. Based on today’s price for 14k i was expecting 100ish a gram. All this to ask those who have shopped in this current gold market, what’s reasonable? Is 47 over spot the new norm? submitted by /u/jonathonadam [link] [comments]”