The wholesale jewelry industry has developed into the facade amidst the fine jewelry market by taking advantage of online auctions. In the past, wholesale jewelry designers relied on public appeal through trade shows and exclusive traditional advertising. In search of a more economical way to present new jewelry designs to the public, the wholesale jewelry industry has turned to online auctions.
Customarily, deep discounted wholesale jewelry outlets remained limited in availability to the general public. Thus, allowing only the bulk jewelry buyers access to the special pricing of exquisite jewelry for the purpose of reselling. In search of a broader market reach, jewelry wholesalers turned their interests to online auctions.
While in the past, jewelry designers created their works of art then presented the jewelry pieces to a select few jewelry wholesalers. This left a lot of room for speculation as to what would become popular in the retail jewelry market. If a jewelry piece did not make the appeal to the general public, the jewelry was sold back to the jewelry designer and increasing the overhead to the jewelry designer.
In need of lowing the higher costs at the production stage of fine gemstone jewelry, many designers have opened their doors to the general public by offering a limited number of exclusive jewelry pieces through online auctions.
By reverting to data gathered from private membership online auctions, jewelry designers are able to pretest the retail markets acceptance of potential new lines in designer jewelry before committing to a full line production, and thus, eliminating the speculation of possible profit margins.
In return for your participation, you can reap the rewards of acquiring below normal wholesale market, jewelry pieces that you may not have afforded at the customary jewelry store. Savings of more than 90 percent or more are not unheard of for designer gemstone jewelry.
At finding a win-win situation, other opportunities have risen in the process. While wholesale jewelry designers focused on new found profits and lower overhead through online auctions, the consumer also has the opportunity of more hidden benefits from under the surface of getting a great deal.
The obvious benefit to buying wholesale jewelry through online auctions from the supplier is the ability to save a considerable amount of money on exquisite fine jewelry. The unforeseen benefit is that you are also capable of creating an extra income from your purchases through the resale of the jewelry using classified ads.
The benefit of purchasing wholesale online jewelry through auction can also be seen as two fold. In the effort of acquiring stunning jewelry pieces for your own personal portfolio, many winning bidders are also acquiring a second piece of fine wholesale jewelry for resale purposes. This allows you to build your own jewelry collection while making a sizable income on the second wholesale jewelry piece.
The avenue in which the winning bidder is using is the form of placing a local online classified ad, also, readily available online. Examples of classified ad sites are Craigslist, Backpage, Onyx, Yahoo Classifieds and others. Your venture of selling off your extra fine jewelry pieces are not limited to the free classified ads but, are also seen on subsequent auction sites like eBay and Stormpay.