When looking for a gift for your husband, your wife, or your daughter, jewelry is often a great choice. Everybody loves jewelry and even if there is someone who is not too fond of it, you can always find something they will love. Watches are great for those who are not self proclaimed "jewelry people". If you cannot find what you are looking for, maybe trying the consignment jewelry is the answer.
People will often stay away from this style of item if they are aware of it. This is why most stores will just mix in the consignment jewelry with everything else. If the customer has the opportunity to fall in love with a piece before knowing its origin, then in most cases they will not care when told that it is being sold in that manner.
The commission that they earn for selling the piece is not really that large of a percentage when you consider the overall price of the piece they are selling for you. Sometimes the items can be worth upwards of ten thousand dollars and if they take a measly 5% they are not taking much and think about it, you probably would not have sold it at all without their assistance.
Most stores employ a master jeweler just like any automobile shop would a master mechanic. That being the case, they can repair almost anything that comes through the door and the owner always has the choice to turn down the opportunity to sell the item on consignment. It is just a matter of reviewing the piece and its possibilities.
Many stores will not even accept a piece if it is not in pristine condition. They do not want to sell something that does not have the same flair as the rest of their merchandise. However, if the items are possibly in poor condition yet able to be repaired they could always have one of their master jewelers work on it to restore it to its former glory.
If they sold it on their own, all they would be able to do is call their friends or relatives and see if they want it. If they do not, or they do not have the money to buy it then they have only one option left, sell it to the store. But they will often sell it on consignment because they can get more money this way.
The stores do sometimes love it because they get the commission from selling it. Sometimes with pieces they may only get a small percentage of profit by the time it is sold and everything else is figured into the cost. The profits may be minimal. But by selling it this way there is no overhead because they did not manufacture it or buy it outright.
So aside from storing it in the case, everything else if pure profit. Consignment jewelry is a good way for the store owner to bring in some extra funds with very little work. The previous owner loves it because they will sell it and make more money than if they sold it to the store or someone else on their own.
People will often stay away from this style of item if they are aware of it. This is why most stores will just mix in the consignment jewelry with everything else. If the customer has the opportunity to fall in love with a piece before knowing its origin, then in most cases they will not care when told that it is being sold in that manner.
The commission that they earn for selling the piece is not really that large of a percentage when you consider the overall price of the piece they are selling for you. Sometimes the items can be worth upwards of ten thousand dollars and if they take a measly 5% they are not taking much and think about it, you probably would not have sold it at all without their assistance.
Most stores employ a master jeweler just like any automobile shop would a master mechanic. That being the case, they can repair almost anything that comes through the door and the owner always has the choice to turn down the opportunity to sell the item on consignment. It is just a matter of reviewing the piece and its possibilities.
Many stores will not even accept a piece if it is not in pristine condition. They do not want to sell something that does not have the same flair as the rest of their merchandise. However, if the items are possibly in poor condition yet able to be repaired they could always have one of their master jewelers work on it to restore it to its former glory.
If they sold it on their own, all they would be able to do is call their friends or relatives and see if they want it. If they do not, or they do not have the money to buy it then they have only one option left, sell it to the store. But they will often sell it on consignment because they can get more money this way.
The stores do sometimes love it because they get the commission from selling it. Sometimes with pieces they may only get a small percentage of profit by the time it is sold and everything else is figured into the cost. The profits may be minimal. But by selling it this way there is no overhead because they did not manufacture it or buy it outright.
So aside from storing it in the case, everything else if pure profit. Consignment jewelry is a good way for the store owner to bring in some extra funds with very little work. The previous owner loves it because they will sell it and make more money than if they sold it to the store or someone else on their own.
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