How to Start a Jewelry Store
Starting a Jewelry Store is not a joke, neither a small business deal. The following is my personal experience and I want to share the way I earn with this business since 2003.
The date was March 2003 when I found a unique sterling silver ring in one of the dropship sites based in Albuquerque, New Mexico. I asked them that I like the design and I wanted to buy a single piece. They don?t sell in pieces so I was obliged to purchase 10 pieces in different designs. The plan was for my personal use.
How I started my Own Jewelry Store
My co-employees wanted to buy some of my rings and they asked me where I got those rings. I did never tell them, instead, I asked them to purchase from me. Because I am a Supervisor and there are around 120 people under me, at least 15 of them ordered some sterling rings in different designs. A business idea came into my mind. I placed an order in bulk with the same company and the good supplier gave me some discount. The mark-up was pretty high and aside from that, the designs are not available in our locality. The good news about my silver jewelry came up and many co-employees placed orders with me. Some are doing selling outside and some prefer to buy for personal use.
It was around September of 2003 when I decided to resign from my 7-year old job and decided to open a Jewelry Store in one of the most populated areas in our town. The amount of money that I earned since March was awesome and I did never expect such a big turnover.
My sister owned an old Dress Shop in our Town. She was so generous to offer me a free space and put 3 Jewelry Displays. After having my own business permit and needed documents, I started full-time.
Here are some steps that I have done.
- Registered a good Jewelry Store name at the Bureau of Internal Revenue Office.
- Opened a separate Bank Account for my Store.
- Have all of my initial stocks insured with a reliable insurance company.
- Since I already started selling when I was employed, advertising was not a problem.
- I have had a very good supplier until now and the price is the lowest among others so I also have the lowest price against other competitors. I have good and unique designs but with lower costs.
- My business plan includes a monthly sales target (that I continuously increase every month when the target is hit), calculation of expenses including my share of my sister’s electricity bill.
- I also created a site that includes my featured products, new arrival, and an updated product catalog.
- I have some printed business cards and flyers and hired some teens to distribute those materials to schools, malls, and some public places.
I transferred to my own shop (in front of my sister’s Dress Shop) and have 2 regular employees and a Security Guard last year. My store is earning beyond my expectations and now selling all types of jewelry including gold and diamond.
Jewelry Store business is the most profitable business if you know how to do it.
- Guidelines for Naming a Jewelry Business
In naming a jewelry business, you must provide a unique, attractive and consistent name for it. Make them remember your business name so they will come back to you.
- What You Need to Know about Selling Homemade Jewelry
How to sell homemade jewelry is something that can be answered with all of the things that you must know about this profitable business.
- I am in Virginia Centreville, planning on opening up a jewelry store, but I really do need help. Totally new in this so any help is grateful. Email: email@example.com
- I HAVE A 600SQ.FT SPACE TO START A JEWELRY STORE IN SURAT BARDOLI GUJRAT INDIA
- I have an antique store with about 1400sq ft. I am in the downtown area a very good location with good foot traffic. We are in Great Falls Mt. I would like to open a jewelry store but don't know how to find a wholesale outlet also I have very little money What would you recommend? Thank You Joyce
- Hi, I want to start silver article store in chennai. But I didn't know how to find a wholesale outlet with grand discounts. I have really little money. Kindly recommend, Thank you Padma
- I am in Baltimore, Md. I am interested in opening a high end jewelry store in downtown Baltimore, any and all help would be greatly appreciated. Thank you.
- i want to start a jewellery retail store dealing in 18k gold and diamond in dubai UAE. need an investor or any useful info.
- hi, i am from india and live in kolkata...i want to start my own jewelery designing business. please advise me from where i can get the raw materials(silver and gold) like the rest of the jwellery shop owners. what legal procedures or licenses do i need before starting this business. please, please help me...i really need knowledge about this business
- I would like to open a jewlery store. I am a stay @ home mom doing some Real Estate work (Licensed Real Estate Agent) in Pennsylvania. I have limited funds but I know lots of people willing to purchase. What would you suggest??
- I want to start a jewelry store in Jamaica, need a good supplier, any suggestion? firstname.lastname@example.org
- I am a indian jewellery supplier based in UK if you are interested buying the following necklaces, Earrings, bracelets all heavy hand detail art work in bulk please do not hesitate to contact me .
- I have a small salon and would like to add jewelry in Fairfield, Ohio USA.
- @ ASH-where can i contact u? I am living in East Sussex and like earn something to add my income. i want to know how much is your jewelries. thanks...pls email me:email@example.com
- I am an opal cutter in Tulsa, Oklahoma. I buy my rough opal direct from the miners so my prices are wholesale. I have gorgeous cut opals of all sizes and shapes. I can set these beautiful gemstones in silver and/or gold settings for you to sell. Email me at firstname.lastname@example.org if you are interested.
- i wanna start a gold refinery store ..(which purifies the gold ) our capacity is 100 kg per day .... if any one got an information ... plz contact to me on +919491606044
- Hi How much I need to star my on jewelry store, I live in Maryland
- San Francisco, CA I am thinking of opening a small business and it might be in jewelry because i do have a supplier overseas so i can get anything including clothing for cheap. I do have good knowledge of it because i was a sales rep in selling silver and gold plated items including hawaiian jewelry(pearls). The problem is should i open it online or go open a store or like what you did, with co-workers and stuff. The problem is that if i sell on ebay, there will be too much competition and it either may/may not sell because people also aim for how cheap because of recession. i was thinking about a mall but there is also good competition around there, too. Or is it best to combine with someone? or find a person willing to sell your jewelry but have to give a good cut to them because you are renting a small space from them as well. if i do sell out of it through a store, i will also have to pay rent, but if i can't sell any, it might be a loss for me, what should i do?
- Sir, I would like to open a jewelery store near PUNE. Currently I am in service and earning near about 1 lacs per month. I am staying in pune from last 15 years. I have limited funds but I know lots of people willing to purchase. What would you suggest?? Should I resign job and to start business which is my dream from childhood.
- I am a Canadian expat who has just recently opened a jewellery store in a fashionable area in Beijing, China. I have been all over China and have found some of the highest-quality jewellery at some of the lowest prices. I can get it directly from the factories and also can order my own designs. I am interested in acting as a supplier, so if you are interested in buying wholesale please contact me at email@example.com
- Cithi, hi! i am from india and live in kolkata...i want to start my own city-gold jewelery designing business. please advise me from where i can get the raw materials( stones ,silver and gold) and instruments like the rest of the jwellery shop owners. what legal procedures or licenses do i need before starting this business. please, help me...i really need knowledge about this business and prosper in life and help my family. State, Country
- Hi,I would like to start gold business in chennai, but I have very less fund to invest. Also let me know the legal procedure or license to have in hand before starting the business.
- i want to start silver jewelry business online..how can i do? m much confused to start and how...if any other business is there for me m from AMBALA(Haryana)..suggest me pls
- hi,i want to start gold jewellery business in austin-tx, let me know how much fund i need to invest and also let me know the legal procedure or license to have and also what security measures i have to take,can i get any manufacturers or suppliers addresses. please, help me i really need knowledge about this business. radha krishna(iswarya jewellers, gandhi chowk, khammam, a.p, india)
- sir i want to start jewellery selling from home premises. what all procedure should i follow
- i want to start silver fashion jewelry business online..how can i do? m much confused to start and how...where can i get the wholesale suppliers. suggest me pls
- i am planning to start a business in kerala. i have an idea to open a small retail shop including most modern trendy silver jewels for both gents and ladies and also other siver articles.i think u are the apt person for it.
- We are regular silver jewellery supplier for several states like bangalore , mangalore and Pune etc . If you have any orders please let us know ..And gold jewellery we produce only by orders . E mail : firstname.lastname@example.org
- I am planning to open a small jewelry shop in NC and is in need of a supplier...please help!!!
- Planning to start a silver jewelry shop at Bangalore and Tumkur in India. I need a supplier. Can you please help me out. Cell - 9741259810
- I live in Pennsylvania USA next to New York and want to sell gold chains and rings but I need a supplier. Cell 570-856'-1371
- Hi, I am Gold & Silver Jewellery Manufacturer from India. We export too. If anybody want to start or want to get product may contact email@example.com with your full contact details. Thank you.
- planning to start a pearl stone jewelery shop at BARGARH, and ODISHA in INDIA. I need a supplier can you please help me. firstname.lastname@example.org
- i want to start a silver jewlery business in dhanbad, jharkhand. plz suggest me a gud name 4 my store and help me 2 proceed
- Hi i want to start a small jewellery store in my area i.e district Karimnagar, Andhra pradesh. i need to know what are the legal formalities required to complete,the whole sale suppliers where i can get maximum discount, and the minimum budget required to start up the business. please help me.
- hi, please i want to start a jewellery store in Lagos Nigeria, but dont know how to get suppliers. please help....really really urgent. thank you
- I want to start my own business in artificial jewelly in Gurgaon please help me to start my business
- i want to start gold jewellery business in rajasthan in india how to start
- Hi there I would really like to know the best places to shop in ny for whole sale jewelry. Visiting next month and hoping to start my jewelry business soon. I am from the Caribbean. Need a supplier.
- hi i am in kerala i would like to buy gold in bars in wholesale rate, please tell me whom to contact. shiney
- I would like to start a group of jewellery outlet in my state kerala with partnership
- Hi.Mrs H here. I want to start a classy jewelry store at one of the biggest malls in the southern hemisphere located in uMhlanga,KwaZulu Natal,South Africa. Space and finance is not a problem. I just need a good and reliable supplier. Please help. Email :Hlatshwayo85@gmail.com
- Hi, I live in England and recently had to dissolve my cleaning business due to a decline in my health and finding out I have M.S. I still want to be successful and am thinking of opening an online jewellery store with high quality jewellery but am wondering how to start on a shoe string and which suppliers are most trusted. If you could respond to this I would be most grateful. Kind regards Jane
- I want 2 start the Ornaments retail business (Gold & Silver) at jeypore, in Odisha. But there also have a numbers of other retail counter. Is it possible 2 be success in their competition in future ? And which guidelines shall I follow 2 become the no.1 showrooms in the town. help me plz.
- Hi, i have just started a fashion jewelry store in Toronto, Canada and i would like to get suppliers i need a reliable 'supply of affordable good quality supplier of trendy pieces like earrings ,bracelets cuffs and necklaces(chokers) etc. Pls contact me as soon as possible at email@example.com. Thank you.
- Hello, I am thinking to open a small jewelry store in miami Florida and I need ideas and suppliers. Any suggestion please contact me firstname.lastname@example.org
- I'm planning to start a designer jewellery shop in coimbatore, India. I need good supplier's contact details with good designs and low cost.
- we are manufacturer of 925 silver jewellery, We need a chain stores or wholesalers or retailers for big order quantity(minimum order qty is 2 kg)for orders contact us: 0217-2653847
- I am looking for lapidary semi-precious gem-stone cutters who specialize in cutting and dyeing black onyx. I have some crypto-crystalline quartzy-opal that needs to be cut (and dyed and sufface-sealed) into cabs and doughnuts and large beads etc for jewelry. The company I seek will also have silver- smith skills available. I will send a few samples for you to prove your skills. Mat.
- Hi there, I would really like to know the best places to shop in for wholesales hoping to start my jewelry business soon, I am from oyo state Nigeria, I need a a ideas and suppliers.
- I want to start a jewelry business. I am new in it. I have a large makeup cosmetics shop in a highly populated market in Lagos Nigeria.
- i want to start a jewellery store in delhi india , could you just advise me about the location and finances reqd
- My husband and I are relocating permanent in UK. We are searching for the most proper place in UK to start our business with very low budget for start. Can you give me some advise?
- I am planning to open an online indian/nepalese gold jewellery. Any asian gold ornament suppliers, please contact me at email@example.com or any experience of successful stories, please do not hesitate to share!!
- WE WANT TO START AN IMITATION JEWELLERY BUSINESS IN AND AROUND SATARA. WE WANT TO KNOW GOOD AND DEPENDABLE SUPPLIERS WHO CAN HELP US
- i am thinking of starting a silver and gold jewellery business in kolkata and wants to know the capital required n whom to contact to supply silver jewellery if anyone interested then plz contact me
- Dear Sir, I am interested to open one sophisticated jewelery store with attractive finishing basically with starling, gold plated and high precession artificial stone jewelery, Kindly mention the dependable names of wholesaler or dispatch the colorful printed catalog along with terms and conditions of trade, The size of the show=room is 50 feet X 20 feet It takes 5mts to reach from crowded area of Silchar town, Assam, Kindly help me, Thanking you, Sincerely Pradip Mukherjee
- Hi, I am thinking to open a shop for handmade jewelry in USA, I am from USA but not living there right now, so I need your advice about where to open my shop and how I start. I really need your advice plz. Thanks a lot
- for all you people who wanna start a jewelry retail store, here's a head start. i own a jewelry manufacturing unit with around 300 people working under me. we manufacture silver, gold and diamond jewelry. i reside in Jaipur, India. we export our jewelry outside india too. we will be more than happy to help ya'll in kick starting your dream business. thank you, Subho Adhikari
- Hi Subho Adhikari, I would like more info on your all your jewelry. please email me @ firstname.lastname@example.org I'm in the process of starting a home based jewelry business and looking for better prices on sterling silver and real gold. I have Many clients. Would love your help.
- please am starting a fashion store in lagos nigeria i need suppliers for affordable quality handbags, statement jewellery and shoes. Can i get a list of suppliers. Thanks. Nnenna_nwosu@yahoo.com
- My Business location is Kolhapur Maharashtra India more than 20 yrs of experience. We are in to making of silver ornaments of all type which includes jewellery, statues, and others If anyone is interested pls get in touch with us on mail will send you all details of ornaments. will also help people who start new businesses with our expertise in the area. Mail Id - email@example.com. Phone +91 7259285616
- Please let me what document require to open new jewelry shop. As i have no experience about this, so, let me know.
- I have new showroom ready for jewellery in commercial complex, ozone plaza, bank more dhanbad, jharkhand. So I want to provide it at lease or to open retail or/& wholesale of jeweleries outlet of prominent brand. so kindly help me. contact no. 08797267620
- Hi, I would like to start my own imitation retail store, would you please advise me wholesalers in mumbai who supply at cheap reasonable rates. I am starting this as a new business with very less funds, please advise..
- I am from India; we are a manufacturer and supplier of all kind of imitation and artificial fashion jewellery like necklaces, rings, pendants, anklets, bangles, ear rings, ear tops and many more items. We are in this business since 22 years and doing good business in southern India (Tamil Nadu, Andhra Pradesh, Karnataka and Kerala). Now we are planning and also our desire to start exporting our items to abroad\overseas. Please provide some guidance and also if anyone is looking to buy our products contact us @ firstname.lastname@example.org . Thanks
- I need help. i want the best dealers name so that i can start my small business. i'm living in mumbai. plz mail me if u can give me idea.
- hi, I would like to start online store selling fashion jewellery. Am looking wholesalers supplier that dependable please contact me by email at email@example.com
- I want to open an artificial jewellery showroom in Kishangarh (Ajmer) Rajasthan. send me the name & addresses with mobile nos. of wholesalers/manufacturers
- I am starting a jewelry store in Spotswood, New Jersey, USA. First time entering a retail field. our article was helpful and motivating and can continue to use any advise from your experience.
- I want to open an fresh water pearls showroom in gurgoan . send me the name & addresses with mobile nos. of wholesalers/manufacturers
- Hi, I want to start a business of an antic, pearls and other latest fashion jewellery in Pondicherry. would you please advise me wholesalers, suppliers in Bangalore or near to Tamilnadu who supply at cheap and reasonable rates. my mail Id is firstname.lastname@example.org. Thanks.
- i want start a fashion jewelery store with less fund. Am looking for wholesalers supplier. please contact me by email at email@example.com
- plz tell me antique gold dealer in india. firstname.lastname@example.org
- i am business man all over india 50 shops . i am good and happy .......wonder gold palace karnataka. tamilnadu. andrapradesh. maharashtra. kerala. and dubai. singapore.
- I am planning to open a high end fashion jewellery shop in Mumbai. Please let me know the brass cz jewellery manufacturers based in Mumbai & Kolkata. Thanks
- Hi there, i am a jewellery shop owner based kanpur(UTTER PRADESH), looking for investment, All investment will be on legal format, if anyone interested let me know, just invest and sit silent without worry, no piece of work for you. just earn handsome return every month. call me 9621404510, or email email@example.com
- Hello, I am a Jewellery designer, Jewellery manufacturer and a Retailer in Mumbai-India. I wanted to know how good is it to start an online store? kindly help ,need lots of help people. Regards, Pragya Kela, TREASURE, +919987759638
- Hello, I am very inspired by your story. I always want to open a jewelry shop near my location, Cambridge, MA. Could you give me some information about your wholesaler. Thanks. Jie
- I want to open a fashion jewelry store near Cambridge, MA. My email address: firstname.lastname@example.org I am looking for partner.
- Hi, I am always dreaming and planning to put up a gold jewelry business but I do not know how to start? until now I'm still hoping that somebody could give a nice advise and idea to start with it, I live in florida, I never work because I'm staying home mom with three kids, I want to see myself one day to become success to start first in a gold jewelry business, please help me and I am willing to listen to ur advise. Thank you and I'm looking forward to hearing from your good advice. my email address: email@example.com
- I have started the imitation jewellery with my friend in Mumbai. We can provide all types of jewellery at best prices. You can e-mail at firstname.lastname@example.org for the above.
- In West Bengal at howrah (15 minutes from Kolkata)I want to start a imitation jewellery shop. I need a good supplier who will supply me city gold imitation jewellery at lowest price. Also I want to know what is the minimum amount I have to buy a at a time to get the minimum price and how to pay.
- Arijit I reside in mumbai currently i have my own jewellery showroom here i do wholesale in imitation jewellery also u can contact me my cell no is 9867722991
- I am in planning to open my own retail outlet for imitation jewellery(which includes polki, kundan, Cubic Zirconia ) in ghaziabad, Uttar Prdesh. Looking for some good manufactures from where i can get the best deal.
- Hi I want to start a fashion jewelery business in Jamaica any tips of how to find the right cheap wholesalers. Somebody suggested china and India any body have any contacts in these country? I'm in London uk so anybody starting the same business email me.
- Hi, I would like to start my own imitation retail store, would you please advise me wholesalers in chennai, mumbai or any place where i could get a good discount and who supply at cheap reasonable rates. I am starting this as a new business with very less funds, please advise.. I would like more info on jewellery. please email me. thanks, Fern P
- Hi I am from malaysia, we are gold & silver manufacturer wholesale & retail store, we try to share our experience to open the new store, we also have diamond, gemstone n other, manufacturer we have antique high, medium n low range item. email to me when you interested : email@example.com. THANK YOU FOR NOT SERIOUS PERSON!
- Hello, I am very inspired by your story. I always want to open a jewelry shop near my location, Chicago , IL. Could you give me some information about your wholesaler. Thanks ,Francis. P.S. Can you please email me with any information or suggestions.
- i want to start a gold jewellery shop in india and i have one shop in my own town in tamil nadu, kanyakumari district and where to buy such gold ornaments, pls tell me and help me. my email : firstname.lastname@example.org
- Hi, I am a diamond jewelry manufacturer specialized is customized jewelry. I am looking for jewelery wholesale buyers and retailers. Pls contact me at email@example.com. Regards, Pinky J
- hi I can supply and fulfill ur demands of artificial jewellery of any paternity n type as u send me what type n pattern u want I am from india Bombay Mumbai
- i want to start my jewellery business. i am new to this business and need guidance on how should i start and from where can i get jewellery at wholesale rates.
- Nigeria need information of good suppliers of costume, romnniel jewelries
- HI we ArE the growing entrepreneurs, who deals in the business of gold as we are searching for some buyers who could provide us some order, we deals mostly in gold bangles, we have our own designs, but we can make any of the design provided by you. if you are interested in working with us we will provide you the best quality in best rates. REGARDS, PRAGATI, 91+ 9582705721, JATIN KAPOOR, 91 9897907934, INDIA firstname.lastname@example.org
- i have a good space for artificial jewelery shop at main market in ballabgarh distt faridabad haryana 121004 kindly contact at 9811646002
- Good day. I am from india, manufactures silver jeweleries, particularly silver anklets and can supply sterling silver from singapore. Interested , please contact me at email@example.com
- Hi i m from india mumbai i can arrenge anu type of goods for exports artificial jewelery any product u want dress, shoes, scarf, utencils, bags, ladies bags and many more mail me at firstname.lastname@example.org or call 9322878501 india mumbai number if u calling out side india u should put code before number.THANKS FAISAL
- Hi , frnds. this is sundram jeweller. Who is manufacturer as well as retailer from last 20 years. so anyone who want to make his order or purchase of gold n diamond jewellery. Contact no.9835467222.email id :email@example.com.
- i am running to beauty saoln in patna (BIHAR, INDIA), I want to add jewelry, i have small place, i look wholesale.
- Hey, We are a diamond jewelry manufacture and provide all sorts of gold and silver jewelry. WE are located in Mumbai, India. We also deal in loose diamonds and colored stones. I've done my GIA from carlsbad, USA. We also have an export business of jewelry in Houston. So if anyone has a jewelry order or wants loose diamonds let me know.
- Hello My name is Prashanth and am from Hyderabad. I was thinking of starting my own business as i was thinking i got an idea of starting my own jewellery store which i thought i will earn good money and leave my current job. I do not know how to go about it. Can you please do help me out. Regards Prashanth
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