Wholesale Jewelry Buying Tips

While one has to buy wholesale jewelry one should be choosy not only about the designs of the jewelry but also about the wholesale supplier from whom the jewelry has to be bought. Some people also buy wholesale fashion jewelry online; in that case they can easily verify the authenticity of the wholesale supplier. One can always go through the website of the supplier and have a look at the supplier’s whereabouts and the designs before actually finalizing the deal. There are a few things that must be kept in mind before one goes out to buy wholesale fashion jewelry.

Buying Wholesale Fashion Jewelry is not done just for the sake of saving some money on the purchase but it is also the best way today to shop for jewelry. Buying Wholesale Jewelry is a practical approach to shop for jewelry. It is not very easy to make the right choice regarding the wholesale products especially in jewelry. There are lots of suppliers who offer huge variety of jewelry designs and therefore one can select the best designs that are made out of quality materials. The first impression should be considered enough for selecting or rejecting a supplier. If the supplier does not seem worth investing time and money at the quick first look then probably the supplier is actually not worth dealing with.

There are many different wholesale stores which offer very beautiful jewelry designs. In case your favorite Wholesale Jewelry store is not having a good range at present it is advised that you switch to some other wholesale supplier. This is the fun while looking for wholesale products that they give one lot of choice and that too at very competitive prices. One just has to do some surveys and research regarding the wholesale suppliers in order to get a good and genuine wholesale supplier. These surveys can be easily done over the Internet that too within no time. Another good thing about these wholesale stores is that these stores also put up sales to offer rock bottom prices to the buyers. These wholesale companies offer very interesting sales that go on for weeks.

There is one more option from where Wholesale Jewelry items can be bought at good prices. These places are factory outlet stores. There are many companies that have these stores across the cities. Most of the shopping malls do have some of these outlets. One can easily pay a visit to any of these outlets and place bulk orders or can even ask for further stores for placing such big orders. The flea markets are another very interesting source of Wholesale Fashion Jewelry from where one can get some unique jewelry items that are otherwise difficult to find anywhere else. These flea markets offer jewelry items at very low prices and one can also haggle on the process to take them even lower. These markets are a very good option if one does not wish to spend too much on jewelry. Keeping the above few things in mind will certainly help one to select on the best of the wholesale supplier and good jewelry items.

Stolen Jewelry Brings Fortune to Police

Buying stolen goods on a regular basis has now become a part of life for few wholesalers, retailers and few other savvy consumers. This was all made possible because of the online auction site PropertyRoom.com which was founded in 1999 by former police detective Tom Lane.

This site sells lost or stolen merchandise which the police have been unable to return to their owners. The total value of the published items came to $34 million in 2008 – and almost 40% of the amount came only from watches and jewelry.

The Chief Executive Officer P.J. Bellomo said, “We’ve been flying under the radar for years and only started growing significantly in the past two or three. We’re the McDonald’s of jewelry outlets, and McDonald’s is thriving in the current economy, so maybe it’s no surprise that 2008 was the best year in our history.”

There are a few municipalities around the country who are using the online auctions to serve the wholesale markets by selling heavy equipments which they no longer need. They are trying to sell items like backhoes, bulldozers, etc. but the main business of the site Property Room.com is through profit-sharing partnerships with law-enforcement agencies. These agencies help with monetizing the lost and stolen goods by holding auctions in parking lot which results in poor attendance and earns very low price deals.

Bellomo says that the auctions run by the agencies would bring back only 25 percent of wholesale, minus the expense of advertising and paying the auctioneer. He also said, “Those who really make out, in those [type of] auctions, are pawnbrokers and savvy jewelers.”

Property Room.com is set up with the intention to entertain both wholesale as well as the retail buyers. The former can be counted on to bid an item up somewhat and the retail customers then buy the piece at a high wholesale price but at a very low retail price.

“We discourage reserve prices, because we get better prices with no reserve,” Bellomo says. “Our clients can insist on a reserve, but they do so maybe once in 3,000 auctions.”

Property Room.com’s advertising budget is tiny, Bellomo says. However, the site is well-indexed with major search engines and is well-publicized by the mainstream media. To know the latest availability of certain types of merchandise items the customers can sign up and they will be notified once the items are available.

To keep few security measures in place the Property Room.com has no brick-and-mortar store and doesn’t publicize the location of its warehouses. Physical pickup is allowed for expensive-to-ship items, but not for jewelry.

The company also has a graduate gemologist on staff, who assesses and appraises pieces with a probable resale value of $500 or more and issues a grading report for higher-end gemstones. Top-brand watches are sent to the experts for identity verification, and the company destroys all fake items and documents everything. If a piece turns out to be a fake one and not as advertised then the buyer can return it for a refund.

Bellomo said, “It’s happened maybe eight times that someone has claimed an item that was lost or stolen, and if the facts bear the claim out, the piece is returned free.”

The traffic at Property Room.com has increased to 30 percent over 2008, averaging 30,000 impressions daily, which includes from 22,000 to 25,000 unique visitors, Bellomo estimates. The company alo employs about 70 people nationwide, including truckers with regular monthly runs. About 1,400 law-enforcement agencies in 47 states have signed up with Property Room.com so far. “That’s out of maybe 9,000 agencies that would be big enough to do business with us. So far, we’re doing well, but we’re not celebrating yet, “Bellomo says.

Reputable Estate Jewelry Suppliers

Overall it can be said for a jewelry store that wishes to open a successful “estate” jewelry department or departments that suppliers themselves in the jewelry and gemstones / diamonds trades may be their best resource and source of resources. Experiences of many retail stores and even internet estate jewelry outlets has shown that a reputable supplier or supplier themselves can provide those essential services that will help lay the foundation for your success in the estate jewelry fields.

First the supplier offers reliable information about the item or items purchased. You should expect gemological identification with appropriate disclosures, accurate information about metal content and experience based estimates of total carat weights. Other facts, such as the period or designer identification and information about provenance, also may be available. When you buy from other sources, you may have to do all this research yourself – that is if time is available?

Second in line, a reputable supplier, offers you a basis for understanding pricing and pricing levels and points. The pool of reputable suppliers best understands the market itself and makes offers to buy and sell which fall within a fairly close range and which reflect worldwide supply of and demand for specific types of estate jewelry. If you are at a point in your jewelry store, online diamond and gemstone operation or perhaps an eBay diamond or ring outlet, this relative consistency of pricing by reputable suppliers will teach you how to price your inventory, while providing essential reassurance and support to both yourself and inevitably to your customers and your reputation.

Thirdly, reputable estate suppliers can help you balance your inventory. They generally gather goods from many places and sources to meet the needs of many as well as a vast array of clients. This will save you a lot of time and effort as well as giving you access to a much broader range of merchandise that is available in your marketplace. In addition the supplier will usually do any restoration needed to make a piece salable as soon as it enters your inventory.

Lastly you may well find in your specific trade that individual suppliers that you encounter and deal with may well offer specific and even unique services that may well serve of benefit to you and your operations. You may only have to provide an emailed photo or sketch of the piece along with your detail and notes to afford yourself of the service. The actual physical item may not even have to be on hand for the supplier to avail themselves to you. In addition many estate jewelry suppliers may offer staff training support to help you launch your estate jewelry department, assistance with advertising as well as special shows. In addition financing or terms may be available to you as well – based of course on your past credit and purchase history, size and type of purchase and reputation. If you do experience a problem or concern with a piece or set of pieces or if it turns out that a piece is not what was presented to you, at least you will have some means of recourse – based of course that you are dealing with reputable as well as reliable suppliers.

On summary it can be said that in opening up an estate jewelry department and making the choice to deal with reputable jewelry and gemstone suppliers that the advantages are certainly reliable identification and pricing information, balanced inventory as well as providing any necessary restoration of any pieces acquired. In addition you may well be provided with training and education support and perhaps payment terms. Lastly you have a recourse of you do encounter any problems.