How to Price Silver Jewelry: Essential Considerations for Handmade and Sterling Pieces
To price silver jewelry, research similar items for price benchmarks. Track your costs, including materials, labor, and overhead. Use the formula: (materials + labor + overhead) x 2. Also, calculate the melt value by multiplying the spot price of silver by 0.925. Lastly, consider market trends for your final price. Labor costs are crucial in … Read more