[Jewelry making - Article 00340] - Re: [Orchid] Pricing ring sizings

[David Geller]

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    The newest Geller book is 5.0, 3 ring binder that updates can be
    installed.

    Here are the UPDATED prices as some of you have been discussed.

    14kt 3mm or less

    Smaller yellow                              $32
    Smaller White Gold                          $60

    1 size larger yellow 3mm or less            $47
    1 Size larger white gold 3mm or less        $75

    Each Additional size larger                 $16

    2mm wide 1/2 shank 14kt yellow              $168
    3mm wide 1/2 shank yellow                   $172

    The shank has a 3 time markup on the material and then ADDS in
    $80.00 to install the shank.

    The $80 comes from this:

    To install a shank takes cutting and soldering at 9:00 o'clock on
    the right. Also cutting and solder at 3:00 o'clock on the left.

    Sizing a ring smaller for $32 requires cutting and soldering at 6:00
    o'clock at the bottom

    So to install a shank requires the same labor as SIZING TWO RINGS
    SMALLER (2 x $32 - $65.)

    But then you have to SHAPE it and round it up, polish. I figured
    this shaping (the metal installed (which does not require a torch) is
    HALF THE labor of sizing a ring smaller.

    Half of $32 (smaller) is $16

    So the labor came from:

                $32
                $32
                $16
                ---
                $80 in install labor

    Then 3 time markup on the gold.

    That's how I got the current price of $168 for a 1/2 shank, 2mm at
    $925 gold.

    How'd you come by your price? THINK the customer wouldn't pay this,
    so you charged that?

David Geller
www.jewelerprofit.com
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