How a gold jewelry price is worked out: rate, making, wastage, stones and tax
Net weight × the rate for its purity, plus making, wastage, stones and tax. Each part explained — and why the invoice should show every one.
The short answer: net metal weight × today's rate for its purity, plus making, plus wastage, plus stones, plus tax — and the invoice should show each part.
A worked example
- 22K bangle, gross 19.10 g, stones 0.70 g, so net 18.40 g
- Gold: 18.40 g × the 22K rate
- Making: 1,100 per gram × 18.40 g
- Wastage: 3% of the gold value
- Stones: their own price
- Tax: as your rules say, on the total or on parts of it
Why one calculation matters
If the counter, the quotation and the online store work prices out differently, customers notice. GoJewels uses one calculation everywhere and prints every part, so the price is explained rather than argued about.
When the rate changes
A new rate reprices every piece at once. A quotation can hold the rate until a date you choose; a custom order holds it from approval.
Try it on your own business
Everything described here is in the software. A 7-day trial opens immediately, with no card.