Jewelry Wholesaler

2 Jewelry Wholesaler Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

If you are considering starting a jewelry business, jewelry wholesale is a thriving market.

Jewelry wholesalers purchase personal ornaments such as necklaces, rings, or bracelets made from jewels and other precious metals and sell them to the customers at a profit.

When starting a jewelry wholesaler business, find the perfect jewelry niche, one in which you can reach the target customers easily. Then, create a detailed inventory and select a proper distribution channel to get the right customers.

In this list, you'll find real-world jewelry wholesaler success stories and very profitable examples of starting a jewelry wholesaler that makes money.

1. 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
How much did it cost to start: $200K
How many people on the team: 10

How We Started A $100K/Month Jewelry Wholesale Business

Silverbene, a silver jewelry design and manufacturing company, supplies over 3,500 jewelry stores worldwide, sending out over 90,000 items per month with a revenue of $450K USD per month, using information technology to standardize the production process and paying attention to international fashion trends while designing products.

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2. GoldFi ($144K/year)

Gil Marcondes, the founder of GoldFi, came up with the idea for his online jewelry business after struggling with the performance of his brick-and-mortar store. During the COVID-19 pandemic, he met a friend who encouraged him to invest in the pure online business model. Since launching on the Shopify platform, GoldFi has seen success, with an average revenue of $22K in the last three months and an 88% increase in sales from the previous month.

How much money it makes: $144K/year
How much did it cost to start: $7K
How many people on the team: 3

How A Civil Engineer Started A $144K/Year Online Jewelry Store

GoldFi, an online jewelry business founded by Gil Marcondes, has received an average of 463 sessions per day in the last three months, generating an average revenue of $22K, and has seen sales growth quadruple in the last six months.

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