How does jewelry consignment work

I spent a lot of time untangling, cleaning, and repairing my jewelry — and making new jewelry tags. It makes good business sense to look for shops and galleries that will pay you a fair consignment percentage for your jewelry. Save my name, email, and website in this browser for the next time I comment.

How Consignment Works When you sell jewelry on consignment, the shop or gallery keeps a percentage of the money from the sale as its commission for displaying and selling your work, and sends the balance of the money to you. Where do I find the best fine jewelry consignment in South Florida? What types of jewelry can I consign? Previous Reading. Next Reading. Related Posts September 14, September 2, July 23, April 29, I speak.

What are you looking for? First Name required. Last Name required. Phone required. Email required. Store required Select Store Subscribe me to your mailing list. I came in once a month and she promptly gave me a check and a printed out invoice of what sold in accordance to the inventory sheet I gave her. I left a few pricier items just in case for show mostly. It was nice to chat and catch up while I set out the new stock and cleaned items still there.

Then she said she has to take a bigger cut. I assume must have been hard for her to ask and I felt like a fool. Real low right? I had to pull my jewelry outta there. She was nice in every other way but I did not have any paperwork with her since she was an old friend. So, what is the correct price to give the shop? You can see more about Jewelry Consignment Percentages for further details!

This is my experience with consignment charges. The best way to handle your agreement is to ask questions. You also need to take into consideration where the shop is. I actually often times come out with more in my pocket. People just pay more there, they expect it. It was a restaurant, nothing special about the location; just a nice average restaurant and I sold a ton of jewelry there. The problem came up when the owner observed the waitresses making a bigger deal over the jewelry than the menu.

He informed me I needed to move my display near a door so I pulled the jewelry. The store often will ask you to put on a demo if you have special skills and that can lead to great regular customers.

Everybody likes to meet the artist! Thanks for your response. Now I really know that my friend was being especially kind. She tried everything and did her research and all paperwork was perfect. She will make a good shop owner when the economy picks up. Thank you! Rita; as I read this article, I could relate to a couple of the negatives or red flag signs that you mentioned, as they happened to me too. I had my jewelry in a salon and; first, I did have to contact them a few times in order to get paid.

Then, I did have a piece stolen, with no explanation from the salon owner. And finally, after taking out my jewelry for a show, I tried for 2 weeks to contact them to bring back items, with no response. Next time I will remember these tips and catch the red flags sooner, I hope!

Rita, thank you for sharing. You can add me too. Sadly, the list of us with similar experiences is far too long. I think most shop owners have good intentions but lack basic business skills. In my case, many of my pieces were selling and they kept asking for more to replace the sold items. Everything seemed promising, but a missed payment to me should have been the big red flag. They were so kind and apologetic and full of promises, so I let it ride, for more than one payment period.

Then they closed unexpectedly and I did get the remaining pieces…but, no payment. An expensive lesson well learned.

Hopefully others can avoid our mistakes. What great conversation! I wanted to add my 2 cents from the other side of the fence. I am a jewelry artist myself but had a gallery for about 5 years with a lot of consignment artists. I agree that you should listen to your instincts. However, according to my insurance agent, my policy did not cover my consignment items.

I even tried specifically to find a policy to cover their things because I felt so badly when an item was stolen.

This puts you at a unique advantage in that you can design a display that not only compliments your work, but will also house a good number of your pieces. Make sure that if you are providing a store with a custom display that the store understands that the display is intended to showcase only your jewelry collection.

Learn how to get more consignment contracts with your own custom displays. No Overhead There is great advantage to having regular locations where you can consistently showcase your work without having the overhead costs of maintaining a store or paying for a show booth. You need to keep good documentation and regular inventory checks. Because you are supplying in bulk you don't have to worry about shipping one item at a time as you do with online orders.

Having other people sell your product without incurred cost will not only save you money, it will free up your time to create. Although you are only getting a percentage of your retail figure you have to consider all the fees involved in paying for craft show exhibition space and weigh the two. With consignment you are not only saving on exhibit fees, you will have your own sales teams at various locations and that does not cost you any up front money. That alone has great value.

After all, you cannot be in two places at the same time, but you can certainly have other people representing your work in many places.