GUys, please sell your jewels at the average price + 150 per increase in Q above the average Q
this way we can increase the prices.
Thanks
Attention all jewelers!!!!!
Moderator: moderators
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Guest
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Guest
another point, if you have below average quality you can still sell at the stat price by decreasing the amount of wares you put in each shop. it may seem like you are getting less money, but it helps to secure a better price in the future. i currently make q10 or 11 golden necklaces (depending on if its my gold, or lower q gold i purchased) and both of those qualities can easily be sold above stat price for a decent amount of wares.
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Guest
Yes. Please be aware of this:
Gold
elements:
850 kWh Power
90 Liter Water
Currently price of power is 0,1c, price of water is around 0,15c and production cost of gold is 9c.
So only cost to make 1 unit of gold is 107,5c.
Now see this:
Stones
elements:
5 kWh Power
1 Liter Water
So 1 unit of stones cost 0,5+0,15+1,8=2,45c to make. But it is sold on market for 20c these days. That makes it 17,55c profit per one unit of stones.
And now. Mine owner can produce either 1 unit of gold or 3,33 unit of stones. This ratio is not changing so he can make either 100 units of gold or 333 units of stone and so on.
Profit from selling 3,33 units of stones is 17,55*3,33= 58,44c.
If mine owner is smart minimum profit he would like to make by producing gold would be at least the same he can make with stones production. This leads us to price of 58,44+107,5=165,94c per one unit of gold. This is market price so by contract it would be 165,94*0,9=149,34c.
Golden necklace needs 30 gold (30*149,34=4480,2c), 500 power (500*0,1*0,9(bough by contract)=45c, production cost of Q0 is 30c.
Final price of golden necklace is 4480,2+45+30=4555,2c. This is a cost to make one golden necklace in Q0. But if you want to make profit you have to sell for more. Even 6000c seems too low to me.
If you will do the same with golden watches you will see that cost to make them in Q0 is 6070c. So selling price in store should be again much higher then this.
We have to understand that jewlery is not fruit. It has limited demand and gold is scarce.
My current selling scheme is that I sell one golden watch per 10m2 of fully advertised store per day. That means that one 100m2 store sells 10 watches per day. With this scheme I am able to sell my Q20 golden watches for 14850c. If I will follow your suggested pricing scheme it would be 10850+200*Q.
Just check France stats page. Golden watches price hit its maximum at 12000. I am selling 10800 watches per day there and that is the reason I think.
So please don't sell for low prices. You are only undermining your future that way......
Gold
elements:
850 kWh Power
90 Liter Water
Currently price of power is 0,1c, price of water is around 0,15c and production cost of gold is 9c.
So only cost to make 1 unit of gold is 107,5c.
Now see this:
Stones
elements:
5 kWh Power
1 Liter Water
So 1 unit of stones cost 0,5+0,15+1,8=2,45c to make. But it is sold on market for 20c these days. That makes it 17,55c profit per one unit of stones.
And now. Mine owner can produce either 1 unit of gold or 3,33 unit of stones. This ratio is not changing so he can make either 100 units of gold or 333 units of stone and so on.
Profit from selling 3,33 units of stones is 17,55*3,33= 58,44c.
If mine owner is smart minimum profit he would like to make by producing gold would be at least the same he can make with stones production. This leads us to price of 58,44+107,5=165,94c per one unit of gold. This is market price so by contract it would be 165,94*0,9=149,34c.
Golden necklace needs 30 gold (30*149,34=4480,2c), 500 power (500*0,1*0,9(bough by contract)=45c, production cost of Q0 is 30c.
Final price of golden necklace is 4480,2+45+30=4555,2c. This is a cost to make one golden necklace in Q0. But if you want to make profit you have to sell for more. Even 6000c seems too low to me.
If you will do the same with golden watches you will see that cost to make them in Q0 is 6070c. So selling price in store should be again much higher then this.
We have to understand that jewlery is not fruit. It has limited demand and gold is scarce.
My current selling scheme is that I sell one golden watch per 10m2 of fully advertised store per day. That means that one 100m2 store sells 10 watches per day. With this scheme I am able to sell my Q20 golden watches for 14850c. If I will follow your suggested pricing scheme it would be 10850+200*Q.
Just check France stats page. Golden watches price hit its maximum at 12000. I am selling 10800 watches per day there and that is the reason I think.
So please don't sell for low prices. You are only undermining your future that way......
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Guest
Being Gold, and only gold is my business, please, listen to these guys. If you want to EVER have a decent business in jewelry, (or anything that has to do with jewelry[silver, diamonds, gold, ect...) you must not sell for such low prices. so what if you can sell more at a lower price, Rome was not built in a day. When you sell at the lower price you are hurting not only your future profits, but the future profits of ALL in the jewelry business.
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Guest
i am definitely signed on to these prices. i have been selling one golden necklace for each 2.5-3m2. Tonight i will put 30 necklaces in my 300m2 shops and see what price i can get.
My total revenues are going to take a hit when i make this switch, but it is in all of our long term interests. Please follow suit if you are a jeweler and soon we will all have increased overall revenues with much higher margins.
Edit: All shops 300m2, full ads
Germany q10 Golden Necklaces 30 units 10815 caps
Turkey q10 "" " " "" 9625
Turkey q11 "" " " "" 9845
Next days prices were q11 in Germany 11390 and q11 in Turkey jumped to 10910. Thanks to everyone who is helping!
Still q11 Germany dropped to 11275, but Turkey is still rising, today i am selling there for 11565.
My total revenues are going to take a hit when i make this switch, but it is in all of our long term interests. Please follow suit if you are a jeweler and soon we will all have increased overall revenues with much higher margins.
Edit: All shops 300m2, full ads
Germany q10 Golden Necklaces 30 units 10815 caps
Turkey q10 "" " " "" 9625
Turkey q11 "" " " "" 9845
Next days prices were q11 in Germany 11390 and q11 in Turkey jumped to 10910. Thanks to everyone who is helping!
Still q11 Germany dropped to 11275, but Turkey is still rising, today i am selling there for 11565.
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Guest
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Guest
heh, i have 22000 sqm Jewelers in Germany and was selling 300 units per 1000 sqm. it is 6600 units per 24 hours. and it is about 1/4 of all sales in germany 
its very strange, because i have big influence now. few days before i changed my pricing: 200 units per 1000 sqm in 24 hours, this means 10200 price for Q17 unit. i think it influenced a bit current prices... but actually i changed this not because of these agitation to do it, but because my jewelers factories are to small to produce enough, maybe i will leave this pricing as is and will not return to previews, but in only case if there will not be companies who will use this to dump huge amounts on market... and make more damage than before
its very strange, because i have big influence now. few days before i changed my pricing: 200 units per 1000 sqm in 24 hours, this means 10200 price for Q17 unit. i think it influenced a bit current prices... but actually i changed this not because of these agitation to do it, but because my jewelers factories are to small to produce enough, maybe i will leave this pricing as is and will not return to previews, but in only case if there will not be companies who will use this to dump huge amounts on market... and make more damage than before -
Guest
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Guest
since, in essence, jewlery is my business, seeing i supply to jewelers, lately to help the prices, i have bought a jeweler and have been buying golden necklaces and watches from the market and selling them to help get the price of the golden items up. I was just wanting to check, since i dont deal with stores, how much should i sell them for, if i sell for too much will it hurt the market, or only help? since i dont depend on the stores, i have been buying them and selling them at a high price, trying to help.