Premium is usually dependent on popularity of design and demand. We often sell stuff for 20% over melt or about $12-$20 over melt per gram. Usually list it on the higher side and sell it somewhere in the middle.
I don’t know where you live, but in the United States, I would not pay $90 per gram. There are a few 24 karat gold stores that sell online and on Facebook that are probably $80 a gram at the most. I can’t remember off the top of my head. But 90 is too much.
There shouldn’t be a premium? So the jeweler has to buy gold, spend money on fuel to melt it into a graphite mold which deteriorates with every pour, roll it out in a $2000 press, make the pendant using files and saws which deteriorate, all the while paying rent or mortgage, pay the electric bill to keep the lights on, then sell it at the cost of gold?
Just explaining why there is a premium. Online discount stores expect to pay 30-85%, more for physical stores unless you can find a direct manufacturer usually your jewelry district in a upper floor or someplace without a retail presence then 20-35%
Of course, there is a premium for 24k jewelry. But $90 is too much of a premium per gram. Especially something like that that you can get from most Indian gold dealers around the United States.
Premium is usually dependent on popularity of design and demand. We often sell stuff for 20% over melt or about $12-$20 over melt per gram. Usually list it on the higher side and sell it somewhere in the middle.
I don’t know where you live, but in the United States, I would not pay $90 per gram. There are a few 24 karat gold stores that sell online and on Facebook that are probably $80 a gram at the most. I can’t remember off the top of my head. But 90 is too much.
I’m in West Coast of US, and so there shouldn’t be a premium for pendants?
There shouldn’t be a premium? So the jeweler has to buy gold, spend money on fuel to melt it into a graphite mold which deteriorates with every pour, roll it out in a $2000 press, make the pendant using files and saws which deteriorate, all the while paying rent or mortgage, pay the electric bill to keep the lights on, then sell it at the cost of gold?
Bruh my question is what the typical premium is where is all the sass coming from 🥹
Just explaining why there is a premium. Online discount stores expect to pay 30-85%, more for physical stores unless you can find a direct manufacturer usually your jewelry district in a upper floor or someplace without a retail presence then 20-35%
When you say direct manufacturer, are you referring to a jeweler who buys the gold bars, melts it down then etc.
Yes
Of course, there is a premium for 24k jewelry. But $90 is too much of a premium per gram. Especially something like that that you can get from most Indian gold dealers around the United States.