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Jewelry Talk

Jewelry Markup

Started 1317224465.88 in Jewelry Talk | Last reply 1317580646.163 by JLLH358

So I've been looking at some of the jewerly on HSN and QVC and I actually have a whole sale license and order all my jewerly wholesale but will watch some of the jewelry shows for ideas on the shopping channels and my gosh the markup is incredible, for costume jewelry. I bought a crystal pave ring that Joan Boyce had on recently that I just loved, it's a customer pick and $70, picked it up for $10 and get rave reviews on it every time I wear it. Just wish I had a platform to sell my jewelry like they do on these shows! Just remember that next time you pay $50-100 for a piece of costume jewelry. Imagine making $60 on one ring times 2000 orders, for ONE piece! Just something to think about...

Momma to 2 Dachshunds and 1 Bernese Mountain Dog!
45 yrs old, Northern CA
Ladyjenn

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Fluffy-21317225460.223339 PostsRegistered 8/3/2011+ 4464 Posts since Aug. 2009

I don't wear costume jewelry, but I agree . Some pieces look like they should cost not more than 10 bucks (and they cost about that much in some other places) but shopping channels sell them for $100s and HSN is the worst one when it comes to overpricing cheap jewelry, IMO.

Cardamom1317226236.4736843 PostsRegistered 6/24/2006

I would never spend that amount on a peice of costume jewelry. I have to be able to take it to a pawn shop and get something for it. {#emotions_dlg.laugh}. Not that I ever have, but it's nice to know that I could.

ibb381317226476.59312377 PostsRegistered 10/6/2004

There's a huge markup on all items- jewelry, clothes, shoes, etc. If Kohls still profits by selling items 60-70-80% off the original price, as many of their sale racks indicate....

PBJ1317230108.126821 PostsRegistered 7/10/2007

The markup is ridiculous and I'm not just talking costume jewelry-sterling, gold-all of it. I totally understand the increase in gold and silver but that still doesn't justify some of these prices and especially in the quantity they are purchasing. The cost of the plated jewelry and "mystery metal" pieces is mind-boggling. People would be amazed at what is actually paid for a piece and how much the markup is. I did splurge on a sterling silver piece yesterday but I tried to justify the price by looking at the setting of the stones and the design of the overall piece.

I love the look of Joan Boyce pieces! You got a great deal!

Poor but Gorgeous!!!!!!!!!!!!!

Cardamom1317231266.6336843 PostsRegistered 6/24/2006

It is mindboggling PBJ! Looking at Diamonique this week $60-$120 for a platinum clad ring made in China. The diamonique has no value IMO. Sure there may be a plating of platinum but you have to think of what that sterling setting is worth. Not even sure it is worth anything at all for scrap if it is plated. {#emotions_dlg.confused1}

Ladyjenn1317236194.0372209 PostsRegistered 10/27/2010Northern CA

Someone mentioned the markup at Kohls and I can get some screamin deals there (tonight I'm getting a JLO dress at 60% off!) and yeah I mean they must still be making money? I love buying accessories too and with my wholesale license, it's just so much easier. It's hard spending $40 on a scarf???? lol

Momma to 2 Dachshunds and 1 Bernese Mountain Dog!
45 yrs old, Northern CA
Ladyjenn

ennui1317258596.0719957 PostsRegistered 4/17/2007

A fine jeweller once told me the markup in brick & mortar jewelry stores is around 400%. If you price loose gemstones and empty settings, it's easy to believe.

Macy's jewelry is also priced to allow for their 60% sale events.

And the prices for Bixby jewelry at TJMaxx give one pause regarding the Q's prices, because TJM is still making a profit.

"Enjoy the little things, for one day you may look back and realize they were the big things." ~ Robert Brault

blahblahva­mpemerblah1317276043.956192 PostsRegistered 10/6/2004
On 9/28/2011 Fluffy-2 said:

I don't wear costume jewelry, but I agree . Some pieces look like they should cost not more than 10 bucks (and they cost about that much in some other places) but shopping channels sell them for $100s and HSN is the worst one when it comes to overpricing cheap jewelry, IMO.

HSN is an amateur compared to the department stores, and some of their pieces are actually much better quality than anything I'll see at Macy's or even Neiman Marcus/Bloomies/Nordstrom.

The markup for ALL types of jewelry, real or faux, is into the hundreds of percent. Since retailers will expect X amount of it to go on sale, it's marked up so that they'll still make a profit.

Consumers do need to learn though that just because someone has their name on the product doesn't mean that they designed it, or that it's even an exclusive within their line. Like makeup, fragrances, skincare, clothing, shoes, scarves, handbags...many people just go to a private label and have it produced under their name. Sometimes they'll change a crystal, but more often than not they just slap their name and stick it out there.

Last edited on 9/29/2011

Last edited on 9/29/2011

Yeah, FINALLY!!!!! Run Trey, run!

blahblahva­mpemerblah1317276455.3176192 PostsRegistered 10/6/2004
On 9/28/2011 Ladyjenn said:

Someone mentioned the markup at Kohls and I can get some screamin deals there (tonight I'm getting a JLO dress at 60% off!) and yeah I mean they must still be making money? I love buying accessories too and with my wholesale license, it's just so much easier. It's hard spending $40 on a scarf???? lol

A few years ago, someone told me that a shirt that would retail at Saks for $125 would cost about $4 to make start to finish. I also once glanced around a Facconnable (sp?) boutique at my local Nordstrom, and most of the shirts cost $115-125. Regardless of the country of manufacture, and the U.S. was one of them along with China, they were all priced around the same. I also noticed a very, very simple silk camisole at Dillard's that was priced at $150. The same thing could be had elsewhere for less than $20.

Clothing is obscenely cheap to produce, but since we're beyond the point of buying basics, the prices get nutty.

Yeah, FINALLY!!!!! Run Trey, run!

depglass1317321231.81324095 PostsRegistered 11/14/2006

In the old days, QVC's claim to fame was their huge jewelry business, back when they were one of the few NOT taking this huge markup. My first line jewelry store used to complain about them back in the 90's. Well, that's obviously changed.

corvette m­ary1317498695.947700 PostsRegistered 5/26/2010

We all have to live its better then spending your money on booze or cigarettes....!

stevieb1317564682.529835 PostsRegistered 11/4/2007

I don't buy much costume, but the markup is there across the board. Looking at some of these silver pieces and the designer silver pieces is almost laughable. I still order from time to time because I like jewelry. I also still look at other resources and options... From handbags to jewelry, QVC has not offered many true bargains in years... You can buy just about anything elsewhere for less than they charge here and yet so many people apparently either refuse to comparison shop or are drawn in by the ease of shopping here. No wonder their bottom line is supposedly so healthy.

ennui1317579014.02319957 PostsRegistered 4/17/2007

If you think the Q's prices are high, check out this bracelet on Amazon. Read the reviews, too, they're funny. $1 million bracelet.

"Enjoy the little things, for one day you may look back and realize they were the big things." ~ Robert Brault

di-mc1317579720.1537502 PostsRegistered 12/4/2006the real world

I bought a crystal pave ring that Joan Boyce had on recently that I just loved, it's a customer pick and $70, picked it up for $10 and get rave reviews on it every time I wear it. --LADYJEN

I'm not sure I understand how or where you got the ring for $10.00. Please explain further! Thanks!

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

ennui1317579886.68719957 PostsRegistered 4/17/2007
On 10/2/2011 di-mc said:

I bought a crystal pave ring that Joan Boyce had on recently that I just loved, it's a customer pick and $70, picked it up for $10 and get rave reviews on it every time I wear it. --LADYJEN

I'm not sure I understand how or where you got the ring for $10.00. Please explain further! Thanks!

Ladyjenn has a wholesale license. She bought it wholesale. She watches the shopping channels for ideas.

"Enjoy the little things, for one day you may look back and realize they were the big things." ~ Robert Brault

JLLH3581317580645.965032 PostsRegistered 10/6/2004
On 10/2/2011 ennui said:

If you think the Q's prices are high, check out this bracelet on Amazon. Read the reviews, too, they're funny. $1 million bracelet.

That HAS to be a joke -- on both the part of Amazon and the reviewers, right?? I mean -- it just isn't possible!! {#emotions_dlg.scared}

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