Prices are a tricky topic. Our mission is to price our products fairly and avoid high mark-ups. Our products are produced locally, using recycled materials, and designed with a passion for creativity and craftsmanship.
What is discount culture?
A term popularized in the fashion industry describing goods being priced to accommodate discounts. Without making losses, and still getting profit. High markups, big discounts, and the psychological feeling of getting more for less.
As a part of our mission to make jewelry a bit more responsible, sustainable, and human we want to create transparency about our pricing. Here is a breakdown of how we at stilnest calculate retail prices.
Step 1 -
40-50% material and labor
40% Silver/Vermeil & 50% Solid Gold
Costs like materials, packaging, and goldsmith labor are attributed here. Producing made-to-order comes with a price tag, which we feel is 100% worth it.
Step 2 -
15% additional costs
Handling, e-commerce costs, payment fees, etc.
Step 3 -
35% overhead costs
This is where a big chunk of the costs go to. Running a business requires investing in product development, photoshoots, marketing, customer care, office space rent, and our amazing team!
Step 4 -
Profit! Because our mission requires money to reinvest in new projects, research, and people!
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