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Guild Jewels Is A Community Of Like-minded Successful Jewelers. Right Now, Membership Is By Invitation Only From Our Retailer Advisory Council. We Will Expand Membership Later In 2016 And Welcome Your Application. We Are Targeting High-end Independent Jewelers, Domestic And International Manufacturers Who Stock The Kind Of Desirable Jewelry Our Members Want To Carry In Their Stores.
Retailers And Manufacturer Members Send Inventory They No Longer Need To Guild Jewels. Using Our Easy Online Form, Members Submit The Details And Desired Consignment Price For Each Piece They Send In. (All Commissions Are Calculated Off This Consignment Price.) When Guild Jewels Receives The Inventory, It Is Carefully Inspected For Quality Control, Pricing, And Gem Grading And Given A GCAL Quality Assurance Certificate. Items Are Then Photographed And Uploaded To The Guild Jewels Website Where Other Members Can Select Them On Consignment.
A Seller’s Commission Of 15% Is Paid By The Owner When An Item Is Sold Through The Network. A Buyer’s Premium Of 15% Is Charged When An Item On Loan From The Network Is Sold By The Consignee. You Pay These Commissions Based On The Below Cost Consignment Price And Only When An Item Is Sold. The Items Are Priced Keystone But You Can Of Course Sell The Item For As Little Or As Much As You Wish.
Each Consignment Period Is Four Months, Starting When You Send In Your Items. This Makes It Easier For Jewelers To Swap Out What Isn’t Selling For New Styles. We Know That The First 90 To 120 Days Are The Best Opportunity To Sell Pieces Because That’s When They Are Fresh To Your Store And New To Your Customers. However, You Can Add New Pieces Or Return Items At Any Time If You Choose, Provided You Stay Within Your Credit Allowances.
You May Only Submit Items You Own, Not Items On Consignment. No Loose Stones And No Watches. Jewelry Must Be Valued At A Minimum Of $500 And Be Priced Below Cost, Verified By Invoices. (If You Don’t Have An Invoice, We’ll Do A Resale Market Appraisal.) We Suggest A Price Of 80% - 90% Of Cost For Most Items. We Encourage You To Begin With A Few Great Styles That Just Aren’t Selling So You Can Move Them Quickly And See How The System Works. Guild Jewels Will Reject Items That Are In Poor Condition, Priced Above Cost, Or Are Not Saleable So You Can Be Sure That Everything Available On The Site Is Ready To Move!
Guild Jewels Has Developed Stringent System Of Legal Protections, Contracts, And Insurance. We Have Verified Collateral Lien Agreements On Member’s Inventory Against Unpaid Debt: This Makes Transactions In The Network Extremely Safe. No Member Can Withdraw More Inventory Or Value Than Was Submitted Into The System.
If You Like, You Can Also Assign Each Item A Liquidation Price Which May Entice Another Retailer To Take Advantage Of A 10 Day Window To Buy And Pay For The Item. This Price Would Naturally Be Lower Than The Revolving Consignment Price. We Will Also Assist In Selling To Other On Line Platforms, Ebay, Ali Baba Amazon Etc As Well As The Estate And Second Hand Markets. The Lower, Liquidation, Fast Sell Price Allows Us To Work With Many Partners
Yes. Every Guild Jewels Member Submits A Notarized Signed Contract Authorizing , Collaterization Of Inventory (and Release From Bank Lien, If Appropriate), And Proof Of Insurance . If There Are Credit Issues, A Prospective Member May Also Be Asked To Provide A Financial Guarantee. If There Are Insurance Issues, We Will Direct Them To An Insurance Partner Who Can Cover Their Obligations While They Are Part Of The Program. Guild Jewels Insures Goods In Our Possession, In Transit And In The Custody Of Other Jewelers.
Guild Jewels Charges A Shipping And Handling Fee Of $30.00 per Shipment.This Includes insurance Up To $50,000 Per Package. This Fee, $210.00 For Seven Shipments Is charged When You Sign Up, This Includes Three Round Trip Shipments Between The Hub And Other Retailers Plus one Shipment Back To original Member.
GCAL Laboratory Inspects Every Single Piece Of Jewelry Before Adding It To The Guild Jewels Network. You Can Be Sure That Our Description Of Gems, Metals, Manufacturer And Condition Is Accurate And Has Been Verified. A Diamond Grader Checks The Quality Of Each Diamond, And All Diamonds Above 0.25 Carat Are Graded For Color, Clarity, Cut And Carat Weight. These Diamonds Also Get A Gemprint, A Patented Process For Diamond Identification That’s Like An Optical Fingerprint. The Gemprint Can Positively Identify The Diamond If It Is Ever Lost Or Stolen.
Only Pieces From Authorized Retailers With Invoice Documentation That The Lab Can Confirm Are Authentic Are Listed As Branded In The Guild Jewels Network.
You May Withdraw Your Pieces At Any Time On A Ten-day Memo But It Works Better If You Wait For The End Of The Four Month Memo Period. If Your Piece Is In Another Store And Under Consideration, You Will Have To Wait Until That Business Is Finished.
We Understand The Highly Competitive Nature Of Our Industry! Guild Jewels Members Will Be Able To Create An Exclusion List, Identifying Other Members With Whom They Do Not Wish To Interact. Members On An Exclusion List Don’t See Each Other's Items.
You May Return A Piece At Any Time And Select Another Of Equal Value, Provided You Stay Within The Limits Of Your Credit Worthiness. Postage Will Be Paid By Recipient
In Order To Protect Your Goods In The Network, GJ Has Established A Consignment Value System That Will Prevent Members From Taking Out More Value And Pieces Then They Have Submitted. This Also Insures That The Amount Of Goods Taken Out Will Be Protected Against Unpaid Debt And Or Insolvency.