Jewelry Making Business

How Much Money Do Jewelry Making Businesses Make? (2024)

Pat Walls

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Updated: June 23rd, 2024

TL;DR:

Based on our data, jewelry making businesses can make between $1,000-$2,000,000 per month.
The average revenue for a successful jewelry making business is $248K per month.
The highest grossing jewelry making business in our records makes over $24,000,000 per year.
Jewelry making business owners salaries can vary wildly depending on industry, niche, and size of the business

So you're thinking about starting a jewelry making business?

And now you're wondering how much jewelry making business owners actually make...

Well, let’s dive in!

Here are example of real jewelry making businesses and how much money they make - as reported by the founders themselves:

1. QALO ($24M/year)

KC Holiday and Ted Baker, co-founders of QALO, came up with the idea for their functional wedding ring business after getting married and realizing that traditional metal rings didn't fit their active lifestyles. They spent six months developing and manufacturing their silicone rings, and launched their online store in 2013. Their dedication paid off as they now have over 2 million customers and are set to exceed $100 million in total revenue this year.

How much money it makes: $24M/year

2. Merci Maman ($4.8M/year)

Arnaud de Montille and his wife Beatrice founded Merci Maman in 2007 after Beatrice struggled to find quality personalized jewelry at affordable prices for their daughter's first birthday. Since then, the company has grown significantly, and their signature "Duchess Necklace" worn by Kate Middleton in 2014 has become a best-seller. Today, Merci Maman generates over $5 million in annual sales, ships 75,000 orders globally, and continues to expand its product offering and improve its customer experience.

How much money it makes: $4.8M/year

3. Inspiranza Designs ($4.8M/year)

Diane and her business partner started Inspiranza Designs with just $500 and a dream. After experiencing a downturn in sales, they changed their business model and reinvented their jewelry line, eventually turning their company into a multi-million dollar business with annual sales of over $4.7 million. They have been recognized as one of the fastest-growing companies in America by Inc. Magazine.

How much money it makes: $4.8M/year

4. Taylor & Hart ($4.62M/year)

Nikolay Piriankov, the founder of Taylor & Hart, had a personal frustration when searching for an ethically sourced engagement ring online. Teamed up with his friend David Sutton, who had experience in the wholesale diamond trade, they decided to create Rare Pink (now Taylor & Hart) in 2013 to offer bespoke and affordable engagement rings. Their first customer, Piers, requested a custom-designed ring, and the impact of this experience led them to focus on custom designs and storytelling in their brand evolution.

How much money it makes: $4.62M/year

5. Pearls of Joy ($2.4M/year)

Kevin Canning, founder of Pearls of Joy, came up with the idea for his business by recognizing the high markups in the jewelry industry, particularly with pearls. By sourcing pearls internationally and selling them directly to consumers online, Canning was able to offer high-quality pearls at a fraction of the typical retail price. Through transparency and education, he built trust and authority in the industry, resulting in the rapid growth of his business, with 150% growth year-to-date and projected revenue of $2.5M for 2018.

How much money it makes: $2.4M/year

6. Shenzhen Shibao Jewelry Co., Ltd ($1.2M/year)

Long Shuai, the founder of Silverbene, came up with the idea for his jewelry wholesale business after realizing the inefficiencies in the production processes of silver jewelry factories in China. He saw an opportunity to use information technology to standardize the manufacturing process and improve efficiency. With a revenue of $450K per month and over 3,500 jewelry store clients worldwide, Silverbene is now a successful business in the industry.

How much money it makes: $1.2M/year

7. costanté ($900K/year)

Connie Hung, the founder of fine jewelry brand Costanté, originally came from a background in Finance and Operations. After volunteering for a Planned Parenthood fundraiser and experiencing the joy of creating community, she decided to launch Costanté, a women-owned business that gives back to the community. With a focus on minimal elegance and customization, Costanté has seen consistent growth in sales and plans to expand into more online stockists and boutique shops in the future.

How much money it makes: $900K/year

8. Purpose Jewelry ($852K/year)

, working with the team there, and we are hopeful for the impact we can make in that region. We are currently in the process of expanding our wholesale business and growing our online sales. Our goal is to continue raising awareness about human trafficking and provide sustainable employment for survivors.

How much money it makes: $852K/year

9. Quirksmith ($479K/year)

Pragya Batra, co-founder of Quirksmith, came up with the idea for her handcrafted jewelry business while attending pop-up markets with her sister and jewelry designer, Divya Batra. They noticed the potential for their unique and quirky designs to resonate with customers, leading them to launch their website on Shopify in 2016. Since then, Quirksmith has grown to process orders worth $40,000 every month, with digital ads on Facebook and Instagram being their primary source of traffic.

How much money it makes: $479K/year

10. Aziza Jewelry ($240K/year)

Aziza, the founder of Aziza Jewelry, started her business by making custom mother-daughter earring sets for a customer who wanted matching earrings to go with their matching tattoos. This concept sparked her idea to create jewelry that strengthens the bond between mothers and daughters. Today, Aziza Jewelry generates around $5,000 per month in revenue and offers a range of customizable pieces, including name necklaces and bracelets.

How much money it makes: $240K/year