- Develop accurate cost sheets for current and existing jewelry designs, factoring in raw materials, gemstones, labor, and overheads.
- Collaborate with design, production, and procurement teams to ensure cost efficiency without compromising quality.
- Analyze market trends, competitor pricing, and precious metal/gemstone rates to recommend optimal pricing strategies.
- Maintain and update pricing and costing databases, ensuring real-time accuracy for gold, silver, platinum, and gemstone rates and SKU Making Proposal for Customer.
- Work closely with sales teams to create competitive yet profitable price lists for domestic and international markets.
- Identify cost-saving opportunities in sourcing, manufacturing, and process optimization.
- Prepare profitability reports and margin analysis for management decision-making.
- Strong knowledge of precious metals, gemstones, and jewelry manufacturing processes.
- Proficiency in MS Excel (advanced formulas, pivot tables) and ERP systems used in jewelry manufacturing.