[Jewelry making - Article 00421] - Re: [Orchid] Pricing silver jewelry in today's rising market

[Joel Schwalb]

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    Catherine, I think that you should consider doing what most
    manufacturers do; quote prices based on the current metal price and
    inform your reps and customers as to what the increase would be at
    different silver prices. Calculate your material costs and profit at
    different silver market prices. Silver was $6.50 on 1/12 so why not
    determine your price at $6 - $7 and then another price at $7 - $8,
    etc. You have to protect yourself. I remember when silver was over
    $50/oz. Non of us can be expected to absorb these additional costs.
    You also have to be prepared to lower your prices if and when silver
    goes below the current price. If you remember silver was $4.50 in
    early July last year. Joel 

Joel Schwalb
joel4 AT optonline.net
www.schwalbstudio.com


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