Artisanal jewellery is defined as those pieces manufactured in low volume, usually handmade, with organic materials such as leather, wood, clay or fabric. Although the main characteristic is that they are not subject to a mass production method, these pieces are inclined to be manufactured locally, both in process and supply.
21 jewelry suppliers in Mexico to start your business
How profitable is a jewelry business?
It is a very profitable category, since we are talking about a multi-billion dollar industry in our country. To give you an idea, in the third quarter of 2022 it registered an increase of 2.16%, reaching a GDP of $2.87 billion MXN, according to data from the Government of Mexico .
Mexico, Argentina and Brazil are the countries that are dominating the jewelry segment, making this the fastest growing market, according to data from the report published by Mordor number library Intelligence . Therefore, if you plan to dedicate yourself to this category, now is the ideal time to do so.
How much do you earn from costume jewelry?
According to data from some suppliers , it is possible to obtain a profit from costume jewelry ranging from 100% to 300% of the investment made. Depending on the pieces and sales channels used to market these items, it is possible to reduce sales costs and increase profits.
That is, if you sell jewelry online, it is possible to obtain a higher profit margin by avoiding expenses related to the rental of a physical location, security, furniture, services and even salaries and wages.
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What is the best-selling jewelry item?
Some of the most sold products in jewelry stores are:
Necklaces with trendy designs
Beaded bracelets
Sunglasses
Hypoallergenic earrings
Stainless steel rings
Consumer trends depend on the time of year and design trends. Around Valentine's Day, sales of necklaces or bracelets for friends can rise, as well as sales of heart-shaped accessories. At Christmas, fine jewelry with cut crystals tend to be among the most sought-after items by users.
Tip: Get ready for the most important moments of the year with a calendar of special dates for ecommerce , like the one we share here. You'll see that it will be very useful.