WJewel for Indian Jewelry Stores: Gold Rate Pricing, Kitty Plans and Bullion Schemes

2 minutes · WJewel jewelry software

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The video version of our software for Indian jewelry stores page, recorded in the program with a made-up customer. To see it with your own rates and plans, book a live demo.

What the video covers

The day's gold price, and the 22K, 18K, 14K and 10K rates worked out from it
Each piece priced from its gold weight at the day's rate, plus labor and stones
A kitty plan: the customer, the plan amount and the monthly installments
The store's bonus added with the last installment, and the plan statement
The plan turned into store credit
A gold bullion scheme bought by the gram, redeemed, and its statement

Chapters

0:00 Overview
0:10 Gold at the day's rate
0:29 Kitty plans
0:58 Gold and silver bullion schemes
1:16 Contact us

Transcript

Read the full transcript

Overview

WJewel runs Indian jewelry stores: gold priced at the day's rate, kitty plans and gold bullion schemes, all in one program.

Gold at the day's rate

Enter the day's gold price once, and WJewel shows the rate for 22K, 18K, 14K and 10K gold. At the counter, each piece is priced from its gold weight at the day's rate, plus the labor for its karat, plus any stones.

Kitty plans

A kitty plan starts with the customer and the plan amount. Each month, take the installment. WJewel shows what has been paid, the bonus, and what the customer still owes. When the last installment comes in, it asks whether to add the store's bonus. The plan statement shows every installment, and the bonus on top. Then turn the full amount into store credit the customer spends on jewelry.

Gold and silver bullion schemes

With a gold bullion scheme, customers buy gold by the gram at your rate for the day. Silver works the same way. When they are ready, redeem their grams and take the premium. And the scheme statement lists every gram bought and redeemed.

Contact us

See WJewel for Indian jewelry stores at wjewel.com. WJewel is cloud-based, and runs in any web browser on PCs, Macs, tablets and phones. To learn more, visit www.wjewel.com, or call us at (646) 578-8300.