Handmade Jewelry Pricing Solutions
Professional pricing strategies and tools to ensure your handmade jewelry business is profitable and sustainable.
The Problem
Many jewelry makers struggle with pricing their handmade pieces correctly, often:
- ✗Not accounting for all material costs
- ✗Undervaluing time and skill
- ✗Forgetting overhead expenses
- ✗Setting prices too low to compete
- ✗Not tracking actual costs
Our Solution
CraftCalc provides comprehensive tools and guidance to:
- ✓Calculate exact material and labor costs
- ✓Factor in all overhead expenses
- ✓Ensure healthy profit margins
- ✓Stay competitive while profitable
- ✓Track and optimize pricing over time
Professional Jewelry Pricing Formula
Cost Breakdown
Materials
30%
Labor
35%
Overhead
15%
Profit
20%
Recommended Pricing Formula
(Materials + Labor + Overhead) × 2.5 = Retail Price
Example Calculation
Silver wire (5g)$8.50
Gemstone$12.00
Findings$3.50
Materials Total$24.00
Labor (2 hrs @ $25/hr)$50.00
Overhead (20%)$14.80
Cost Total$88.80
Retail Price (2.5x)$222.00
Ready to Price Your Jewelry Correctly?
Follow these steps to implement professional pricing
1️⃣
Calculate Costs
Use our calculator to determine exact material and labor costs
2️⃣
Set Margins
Apply professional markup formulas for sustainable profits
3️⃣
Test & Adjust
Monitor sales and adjust pricing based on market response