How jewelry shop makes money by selling jewelry? how much streams do jewelry shop have ? what are the margins in gold jewelry?

 ⧭how are you are going to make money in your jewelry store?

              Profit margin in jewelry business|  The business of jewelry is considered one of the high earning professions, especially in India. the goldsmith back from olden days up to 

                now, they got a lot of respect in society as well as in a friend's circle.....

               

              AS we know, the gold is not generated by goldsmith, it has limited resources there are various gold mines or machines which take out the gold from the earth's crust. So the one thing is clear goldsmith also needs to purchase the gold from 

           dealer or government directly.

         I also have a small jewelry shop of my father so I can tell you in a better way 

         because I have seen all the streams of earning of my father...

         SO let's explore,

       

          ➧ The business secrets of jewelry shops

      #1. Making charges 

           

           one of the basic methods and which is known to all. a most simple method of earning money. most of the jewelry shop earn money from this method 

              and which is not a top secrets 

              

              Example: A jewels of 2500 and a jewelry shop give making charges of 500

              so 500 is the profit of that shop 

    #2. Buying gold at cheaper price first than selling it :

        As the prices of gold and silver go down the jewelers purchase it at large scale and slowly-slowly as they increase so they earned lots of money by selling it. 

      NOW this is the profit loss game as the prizes go up and also prizes can 

     also down 

    BUT this is something which keeps secrets | THE earning secrets of jewelry shops...

#3. Jewelry polishing                                                       

            

         polishing jewelry is also earning jewelry shops. FREE POLISHING 

         is no free it is the biggest myths of the customer which can lead to a big loss.

        

        Jewelry shops use an acid known as AQUA REGIA which is the mixture 

        of hydrochloric acid and nitric acid. when the gold jewelry is dipped 

        into that mixture for 10-20 minutes, the mixture reacts with jewelry 

       and results in a reduction in weights which cause to huge loss of 

       customer and profit of jewelry shop 

           

           

#4. Garbage selling 

                    This is one of the secrets of the top of the jewelry shop which

                    not known to all ...

                   Garbage selling means the dust it contains the small amount of

                  gold/silver particles which cant see by naked eyes, so there are

                  some agents of collector persons they give a big amount of 

                  money in exchange of dust contained gold particles 

                  

                 sometimes the jewelry shop itself does itself and separate 

                 particles from dust and use it ...

 #5. Impurity in gold 

              some jewelry dose not contained hallmark but sell it by showing 

               more purity by stamping fake purity of 99.9, customer give 

              more prize to a jewelry shop . in this way they earned more 

             money or profits.

             

                                      So don't purchase non-hallmark jewelry which can cause 

                                      you huge harm, because you see the jewelry as an investment 

                                     but this step can cause you LOSS in return policy 

        

                   

    SO are the 5 reasons that jewelry shop earns money 

 there may be more reasons accordingly 

 suggest the next topic to my blog ??

                                                             comments below
                 you can visit my friend's site on the topic of how to start the jewelery store??

                            link: https://howtostartanllc.com/business-ideas/jewelry-store

                                            jewelery creator